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Victor Shum Quotes
«The market is focused on the fact that the market is well supplied - both in products and in crude - while the Iranian situation stays in the background.»
Author: Victor Shum
«In the past few weeks, right before the announcement of the inventory report the market generally comes down.»
Author: Victor Shum
«There is momentum for a retreat in the oil pricing as the focus of the market is on the bearish fundamentals.»
Author: Victor Shum
«The market expects that one snowstorm is not going to change the bearish (negative) inventory (data) in the US.»
Author: Victor Shum
«It is a correction. Oil is rebounding because the market felt it was oversold.»
Author: Victor Shum
«There's not a whole lot of movement in the market today. I think the crude market will watch for the two meetings this week.»
Author: Victor Shum
«The market expects that if Iran is sent to the Security Council, Iran will cut crude supply as a signal. However, the cut is expected to be a short-term cut, not a long-term cut.»
Author: Victor Shum
«Nobody knows what to expect next. That's why the crude market is apprehensive.»
Author: Victor Shum
«The geo-political news from Iran is not as hot anymore.»
Author: Victor Shum
«This reduces fears about an Iranian crude supply cut and the market is just reacting to that.»
Author: Victor Shum