"Below normal temperatures along the East Coast over the week ahead may help demand catch up, but we may have already seen the largest variances for this cycle over the past 24 hours," Tim Evans, energy analyst at IFR Energy, said in a report. "Moreover, cool readings will no longer come as a surprise, now that the market has already discounted the shift in weather."

See more industry/OPEC viewpoints at http://www.platts.com/Oil/Resources/Quote%20of%20the%20Day/