91 Quotes by Victor Shum

The fundamentals are quite bearish (negative for prices) ... the (US) inventory data ... essentially confirmed that the market is supplied with product.

The current Iranian developments, though they will not cause any immediate disruption to oil supply, have caused some anxiety on the part of traders.

The crude oil that is going to be supplied is the heavy, sour kind, and there is not much refining capacity for that. Louisiana refineries can process that, but they are shut down.

The market is well supplied with both crude and products.

The market is showing signs of upward buying and is really extending gains from last week. The focus is on the supply disruption, primarily out of Nigeria.

The market is reacting to the tropical storm in the Gulf of Mexico which could affect platforms and refineries,

The market is reacting to some rhetoric regarding the Iranian situation.

The market is on edge; it's looking for directions. There's a lot of volatility now, which is characteristic of a tight supply situation.

The market is holding its breath, waiting for the inventory figures.