91 Quotes by Victor Shum

Natural gas is shooting off the charts. We are entering into winter and refineries need to build up heating oil inventories but its a problem when storms keep key facilities shut.

Nobody knows what to expect next. That's why the crude market is apprehensive.

Nigeria and Iran are the main driving concerns.

Because of this, there is concern of a potential disruption in gasoline supplies due to this switch-over.

I expect the market to be down today but continued concerns of winter season supply will put a high floor in prices.

If it's cold, you need to turn on the heating. It's not like gasoline, which you can conserve.

We can expect an overall high floor in prices this week.

There is no fundamental reason driving prices back up. Market participants felt that the 60 dollar level is an important mark and dropping below 60 is too much of a fall.

What is driving the market are two issues.