Some of the commodity investors went back into the market with the Iranian issue still looming as a worry.
More Quotes from Victor Shum:
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.Victor Shum
Here's the concern. We're heading into the last quarter of the year, the winter peak demand season. Energy costs for consumers and industries certainly will be high.
Victor Shum
At the end of the day, physical asset acquisition is going to give banks more leverage over their trading positions.
Victor Shum
The bulls are back in the market with just a little bit of cold weather.
Victor Shum
The geo-political risk premium and how it fluctuates is a key driver in the price of oil. Since the time Saudi Arabia objected to Iran's call to cut output and promised to provide more oil, the risk premium has declined.
Victor Shum
If you have a portion of your power requirement generated by nuclear, there is less of a need for other types of fuel.
Victor Shum
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I go on working for the same reason that a hen goes on laying eggs.
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Let's all understand that these guiding principles cannot be discarded for short-term political gains. They represent what this country is all about. They are indigenous to the American idea. And these are principles which are not negotiable.
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