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Victor Shum Quotes
«Vehicle sales growth has been dramatic compared to last year. This suggests that the future demand for oil products will remain strong.»
Author: Victor Shum
«What is driving the market are two issues.»
Author: Victor Shum
«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.»
Author: Victor Shum
«Besides the fundamental supply and demand information, prices are driven by the emotional momentum of the Iranian issue.»
Author: Victor Shum
«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.»
Author: Victor Shum
«Once the psychological level of 70 dollars was breached, there was momentum which spurred fresh buying. Passing the 70.85 dollar level is inevitable.»
Author: Victor Shum
«With all these events in the Middle East, prices hit the psychological level of 70 (dollars) and settled above it.»
Author: Victor Shum
«It's a little pullback from the record last Friday.»
Author: Victor Shum
«A lot of the price rise is due to geopolitical concerns fuelling speculative interest.»
Author: Victor Shum
«It is part of China's efforts to avoid becoming too reliant on any one energy type and to diversify sources of supply,»
Author: Victor Shum