103 ordspråk av Victor Shum
Victor Shum
The geopolitical drama over Iran and Nigeria is sending oil prices upwards.
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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.
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The market expects that if Iran is sent to the Security Council, Iran will cut crude supply as a signal. However, the cut is expected to be a short-term cut, not a long-term cut.
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The market expects that one snowstorm is not going to change the bearish (negative) inventory (data) in the US.
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The market expects the DoE report to show a build up of US inventories across the board.
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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.
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The market is holding its breath, waiting for the inventory figures.
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The market is on edge; it's looking for directions. There's a lot of volatility now, which is characteristic of a tight supply situation.
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The market is reacting to some rhetoric regarding the Iranian situation.
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The market is reacting to the tropical storm in the Gulf of Mexico which could affect platforms and refineries,
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The market is showing signs of upward buying and is really extending gains from last week. The focus is on the supply disruption, primarily out of Nigeria.
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The market is well supplied with both crude and products.
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The market sentiment is not whether crude will one day reach $70 [a barrel]; the question is when. We are now heading into the fourth quarter, a seasonally higher demand period.
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The Nigerian situation is really [about] disrupting production facilities, whereas the Iran situation remains more of a political problem.
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The OPEC suggestion that they would not cut production targets has had a calming effect on the market.
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