Victor Shum Pricing Quotations

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.

Natural gas pricing is an immediate telltale sign of the winter situation: it is fairly mild, and this is likely to impact heating oil and crude demand as well.

Overall pricing is still high... but it's not going to surge to 70 or beyond just yet.

There is momentum for a retreat in the oil pricing as the focus of the market is on the bearish fundamentals.

They must have worked out some agreement between them to resolve the pricing dispute.