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Victor Shum Quotes
«What's driving the market right now is geo-political concerns. One concern is the situation in Nigeria.»
Author: Victor Shum
«The threat to supply disruption is keeping traders edgy.»
Author: Victor Shum
«The Nigerian situation is really [about] disrupting production facilities, whereas the Iran situation remains more of a political problem.»
Author: Victor Shum
«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.»
Author: Victor Shum
«The market is holding its breath, waiting for the inventory figures.»
Author: Victor Shum
«The bin Laden tape has caused a knee-jerk reaction on the part of the market.»
Author: Victor Shum
«There is certainly the possibility (of prices hitting 70 dollars). The recent events have attracted speculators and oil has become a lot like an investment.»
Author: Victor Shum
«Geo-politics is behind the surge in oil pricing... The Nigerian unrest has caused a disruption in supply.»
Author: Victor Shum
«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.»
Author: Victor Shum
«In the short-term, it is all about geopolitical drama.»
Author: Victor Shum