91 Quotes by Victor Shum

The market expects the DoE report to show a build up of US inventories across the board.

The market expects that one snowstorm is not going to change the bearish (negative) inventory (data) in the US.

The tropical depression is certainly within the radar screens of traders, though it seems to be too early to tell whether it would develop into a storm, and its direction.

The general market expectation is that OPEC will not change the quotas.

The geo-political risk premium and how it fluctuates is a key driver in the price of oil. Since the time Saudi Arabia objected to Iran's call to cut output and promised to provide more oil, the risk premium has declined.

The geopolitical drama over Iran and Nigeria is sending oil prices upwards. But Nigeria is more problematic in the short term, because it has actually disrupted supply.

The geopolitical drama over Iran and Nigeria is sending oil prices upwards.

The downward close on Thursday was due to the warmer weather forecast ... and today the market is correcting (that) so it's gone back up a little.

The fundamentals are quite bearish ... the inventory data ... essentially confirmed that the market is (well) supplied with product.