91 Quotes by Victor Shum

Once the psychological level of 70 dollars was breached, there was momentum which spurred fresh buying. Passing the 70.85 dollar level is inevitable.

Any decisions on sanctions will not be in the near future because two members on the council with veto power, China and Russia, have rather strong economic ties with Iran.

The bulls are back in the market with just a little bit of cold weather.

A lot of the price rise is due to geopolitical concerns fuelling speculative interest.

A lot of uncertainty remains in how the Iranian situation will work itself out. There is some concern in the Asian market on whether Iran is a reliable supplier.

They must have worked out some agreement between them to resolve the pricing dispute.

This morning the price crept upwards so the market continues to be driven by the short-term geopolitical (pressures) primarily in Nigeria.

This morning the market is continuing its momentum ... from the response to the inventory report from the US.

The release of crude out of the Strategic Petroleum Reserve is not as critical as making sure that there is enough refined product supply and that there are refineries to process the crude.