Victor Shum
Victor Shum
concerns fears focusing lingering market nigeria political upwards
With lingering concerns over Iran, Nigeria ... the market is correcting upwards because it is focusing on fears in the geo- political realm.
driving focus gets last possible season summer traders
It's possible that as the summer driving season gets closer, just like last year, traders will focus more and more on products.
focus market momentum oil pricing retreat
There is momentum for a retreat in the oil pricing as the focus of the market is on the bearish fundamentals.
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.
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.
appears decline due few floor high iranian issue keeping large past prices surprising
The pullback appears to be due to profit-taking, which is not surprising considering prices have really surged in the past few days. The decline will not be large because the Iranian issue is keeping a high floor under prices.
attracting elements floor high market
These elements will keep attracting speculative elements into the market and keep a high floor for crude.
concerned continuing crude draw driving gasoline inventory late market peak season starts stock summer
Crude inventory went up and the market is concerned about the continuing gasoline stock draw in the US market and the peak summer driving season that starts in late May.
arm becoming buy company decide listed perhaps rather
Perhaps one could surmise that they wanted the listed company to be more independent and decide what to buy on their own rather than becoming an arm of a state-owned company.
besides demand driven emotional iranian momentum prices supply
Besides the fundamental supply and demand information, prices are driven by the emotional momentum of the Iranian issue.
available capacity crude good
Even if there's available crude for release, if there's no refining capacity that they can use, what good is that?
council disruption issue near security supply takes term traders
Between now and when the U.N. Security Council actually takes up the issue there will be some saber-rattling, but in the near term traders know there won't be any disruption to supply from it.
disruption keeping supply threat traders
The threat to supply disruption is keeping traders edgy.
asset banks leverage physical trading
At the end of the day, physical asset acquisition is going to give banks more leverage over their trading positions.