Victor Shum
Victor Shum
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.
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.
driving iran main nigeria
Nigeria and Iran are the main driving concerns.
crude cut fears iranian market reacting supply
This reduces fears about an Iranian crude supply cut and the market is just reacting to that.
asian concern iran iranian itself market reliable remains situation whether work
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.
commodity investors iranian issue market worry
Some of the commodity investors went back into the market with the Iranian issue still looming as a worry.
affect embargo iran lead occur oil prices raise respond revenue sanctions spike whether
Iran individually can't raise prices ... whether Iran will respond to sanctions with an oil embargo may lead to a spike in prices. But I don't think it will occur because it will affect oil revenue to Iran.
disrupted drama iran nigeria oil prices sending short
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.
drama iran nigeria oil prices sending
The geopolitical drama over Iran and Nigeria is sending oil prices upwards.
anxiety cause caused current disruption immediate iranian oil though
The current Iranian developments, though they will not cause any immediate disruption to oil supply, have caused some anxiety on the part of traders.
iranian market reacting regarding rhetoric
The market is reacting to some rhetoric regarding the Iranian situation.
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.
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.