91 Quotes by Victor Shum

Here's the concern. We're heading into the last quarter of the year, the winter peak demand season. Energy costs for consumers and industries certainly will be high.

It is a correction. Oil is rebounding because the market felt it was oversold.

Overall pricing is still high... but it's not going to surge to 70 or beyond just yet.

State-owned enterprises have perhaps more options than international oil companies. Without shareholders, they can go places that might not be politically acceptable.

Some of the commodity investors went back into the market with the Iranian issue still looming as a worry.

It forces the oil refineries to subsidize fuel so consumers in China don't feel much of the pain of high energy prices.

Today the market seems to adjusting downward because all the upward surge over the past few days was a little overdone.

There is momentum for a retreat in the oil pricing as the focus of the market is on the bearish fundamentals.

With all these events in the Middle East, prices hit the psychological level of 70 (dollars) and settled above it.