Victor Shum
Victor Shum
driving market
What is driving the market are two issues.
certainly consumers costs demand energy heading industries last peak quarter winter
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.
certainly depression develop early radar screens seems though tropical whether within
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.
across build expects market report
The market expects the DoE report to show a build up of US inventories across the board.
change expects inventory market
The market expects that one snowstorm is not going to change the bearish (negative) inventory (data) in the US.
both crude market
The market is well supplied with both crude and products.
buying extending focus gains last market primarily showing signs supply
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.
affect gulf market mexico platforms reacting storm tropical
The market is reacting to the tropical storm in the Gulf of Mexico which could affect platforms and refineries,
iranian market reacting regarding rhetoric
The market is reacting to some rhetoric regarding the Iranian situation.
looking market supply tight volatility
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.
holding inventory market waiting
The market is holding its breath, waiting for the inventory figures.
both crude fact focused iranian market products situation stays
The market is focused on the fact that the market is well supplied - both in products and in crude - while the Iranian situation stays in the background.
change expectation general market
The general market expectation is that OPEC will not change the quotas.
arabia call cut driver key output premium price promised provide risk since time
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.