Victor Shum
Victor Shum
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.
few generally inventory market past report
In the past few weeks, right before the announcement of the inventory report the market generally comes down.
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.
across build expects market report
The market expects the DoE report to show a build up of US inventories across the board.
bin caused reaction tape
The bin Laden tape has caused a knee-jerk reaction on the part of the market.
department energy reacting
It's reacting to the US energy department report.
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.
concern driving market situation
What's driving the market right now is geo-political concerns. One concern is the situation in Nigeria.
caught cuts exports fears oil spark traders twice
Cuts in exports of oil will spark off geo-political fears that will make traders think twice about selling. Traders don't want to be caught short.
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.
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?