Victor Shum
Victor Shum
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.
gains inventory report simply taking traders
The traders are simply taking profits. They want to lock-in their gains before the inventory report comes out on Wednesday.
continuing inventory market momentum morning report response
This morning the market is continuing its momentum ... from the response to the inventory report from the US.
approach continue decline driving gasoline inventory issue last market report stock summer
Gasoline inventories in the U.S. continue to be an issue in the market because last week's inventory report showed a stock decline as we approach the summer driving season.
few generally inventory market past report
In the past few weeks, right before the announcement of the inventory report the market generally comes down.
confirmed data inventory market quite
The fundamentals are quite bearish ... the inventory data ... essentially confirmed that the market is (well) supplied with product.
confirmed data inventory market quite
The fundamentals are quite bearish (negative for prices) ... the (US) inventory data ... essentially confirmed that the market is supplied with product.
holding inventory market waiting
The market is holding its breath, waiting for the inventory figures.
change expects inventory market
The market expects that one snowstorm is not going to change the bearish (negative) inventory (data) in the US.
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.
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.
attracting elements floor high market
These elements will keep attracting speculative elements into the market and keep a high floor for crude.
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.