Quotations
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Victor Shum Quotes
«The general market expectation is that OPEC will not change the quotas.»
Author: Victor Shum
«The OPEC suggestion that they would not cut production targets has had a calming effect on the market.»
Author: Victor Shum
«Today the market seems to adjusting downward because all the upward surge over the past few days was a little overdone.»
Author: Victor Shum
«The traders are simply taking profits. They want to lock-in their gains before the inventory report comes out on Wednesday.»
Author: Victor Shum
«It's possible that as the summer driving season gets closer, just like last year, traders will focus more and more on products.»
Author: Victor Shum
«There is quite a bit of uncertainty [in Iran] that could go either way. It's not going to be settled anytime soon, so it's providing a high floor to pricing.»
Author: Victor Shum
«While Iran has said that they do not intend to use oil as weapon, if [hit by] sanctions, Iran may use oil as a weapon.»
Author: Victor Shum
«This morning the market is continuing its momentum ... from the response to the inventory report from the US.»
Author: Victor Shum
«Overall pricing is still high... but it's not going to surge to 70 or beyond just yet.»
Author: Victor Shum
«Gasoline inventories in the U.S. continue to be an issue in the market because last week's inventory report showed a stock decline as we approach the summer driving season.»
Author: Victor Shum