Victor Shum Quotes
11 Victor Shum quotes:
"Between now and when the U.N. Security Council actually takes up the issue there will be some saber-rattling, but in the near term traders know there won't be any disruption to supply from it."
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"With all these events in the Middle East, prices hit the psychological level of 70 (dollars) and settled above it."
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"The current Iranian developments, though they will not cause any immediate disruption to oil supply, have caused some anxiety on the part of traders."
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"It's a lingering fear [in Nigeria], so even though it is sort of old news, the market is concerned about it."
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"Some of the commodity investors went back into the market with the Iranian issue still looming as a worry."
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"They must have worked out some agreement between them to resolve the pricing dispute."
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"There is certainly the possibility (of prices hitting USD70). The recent events have attracted speculators and oil has become a lot like an investment."
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"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."
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"The potential supply disruption risk premium has already been built into the price and because there really is no immediate threat to supply ... prices are correcting downwards."
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"If you have a portion of your power requirement generated by nuclear, there is less of a need for other types of fuel."
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"Short term events like this which are unpredictable can drive a high price floor for crude prices. That is why we are seeing pricing in the high 50s even though the market is well supplied."
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