What people are feeling is that Iran is a longer-term issue. The risk to supply is lying much further out, and is still somewhat unclear.

What people are feeling is that Iran is a longer-term issue. The focus is on the now, and inventory rises continue to suggest an easing in tightness -- not just week to week, but also month to month.

It doesn't matter how much crude you pump in, you won't have a meaningful effect on prices if you can't get refined product out,

The highs are getting higher and so are the lows. The only way to break that cycle is a negative demand shock or a positive supply shock, neither of which seem likely in the short to medium term.

We're being bounced around as robust crude supplies take the cream off a market driven up by geo-political concerns.

News of a fifth consecutive weekly stock build is putting a general weight on oil prices.