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Saturday, November 21, 2009 10:22 PM

Victor Shum

Type: Person
Name: Victor Shum
Title: Energy analyst
Organization: Purvin & Gertz
Fact Sheet: Biography for Victor Shum
First Reported 11/20/2009 - Updated 11/20/2009 - 4 Documents
Oil rose in Asian trade today as investors bought the commodity at more attractive prices, but concerns over the strength of the global economic recovery has injected caution into the market.New York's main contract, light sweet crude for December delivery, ... [Outlook India - 11/20/2009]
First Reported 11/19/2009 - Updated 11/19/2009 - 2 Documents (in Energy)
Oil prices CL-FT slipped below $79 a barrel Thursday amid mixed signals over the strength of the global economic recovery.By early afternoon in Europe, benchmark crude for December delivery was down 68 cents to $78.90 a barrel in electronic trading on ... [Globe and Mail - 11/19/2009]
First Reported 11/20/2009 - Updated 11/20/2009 - 1 Documents (in Energy)
SINGAPORE, Nov 20 - Oil rose in Asian trade Friday as investors bought the commodity at more attractive prices, but concern over the strength of the global economic recovery has injected caution into the market.New York's main contract, light sweet crude ... [CapitalFM - 11/20/2009]
First Reported 11/04/2009 - Updated 11/04/2009 - 11 Documents
World oil prices rose back above 80 dollars on Wednesday as investors turned their attention to an upcoming US energy inventory report.New York's main contract, light sweet crude for delivery in December rose 57 cents to 80.17 dollars a barrel.Brent North ... [France24 - Asia Pacific - 11/04/2009]
First Reported 11/02/2009 - Updated 11/02/2009 - 5 Documents (in Economy)
Mike Fitzpatrick - Click to view image in its original context
Mike Fitzpatrick
NEW YORK (AFP) - Oil prices rebounded Monday, buoyed by a weaker dollar and positive US and Chinese economic data that bolstered hopes of stronger demand in the two biggest energy-consuming nations.New York's main contract, light sweet crude for delivery ... [Yahoo! Canada - 11/02/2009]
First Reported 11/12/2009 - Updated 11/12/2009 - 4 Documents (in Energy)
International Energy Agency - Click to view 360-page
International Energy Agency
Oil prices fell below US$79 a barrel Thursday amid signs that U.S. crude demand remains weak and as the dollar strengthened, making commodities like oil more expensive for international investors.By early afternoon in Europe, benchmark crude for December ... [Canoe Money - 11/12/2009]
First Reported 11/03/2009 - Updated 11/03/2009 - 14 Documents (in Energy)
Reuters Group PLC - Click to view image in its original context
Reuters Group PLC
SINGAPORE (Reuters) - Oil edged further above $78 a barrel on Tuesday, after rising more than 1.5 percent a day ago, as traders weighed the impact of a possible rise in U.S. crude stocks against positive manufacturing and home sales data.The continued ... [Reuters via MSN Money - 11/03/2009]
First Reported 10/30/2009 - Updated 10/30/2009 - 4 Documents
SINGAPORE: Oil prices hovered near $80 a barrel in Asian trade Friday on news the United States has emerged from a long and painful recession after posting its strongest growth in two years. New York’s main contract, light sweet crude for December delivery, ... [Manila Times - 10/30/2009]
First Reported 11/12/2009 - Updated 11/12/2009 - 2 Documents
SINGAPORE: Oil prices today rose in Asian trade, boosted by positive showings on regional equities markets and a strengthening Chinese economy, analysts said.New York's main contract, light sweet crude for delivery in December, broke the $80 mark to $80.81 ... [Economictimes - 11/12/2009]
First Reported 10/29/2009 - Updated 10/29/2009 - 2 Documents (in Energy)
LONDON (AFP) Crude oil prices rose slightly on Thursday in cautious trading as the market awaited crucial data on US economic growth for the third quarter, analysts said. New York's main contract, light sweet crude for December delivery added 12 cents ... [AFP via Yahoo! - 10/29/2009]
First Reported 10/26/2009 - Updated 10/26/2009 - 1 Documents
weekly CNBC survey asks traders, analysts and strategists about their outlook for crude. Here are this week's results:Overall sentiment: BullishTotal Respondents: 14Bullish: 8Bearish: 5Neutral: 1Key Bullish Factors:Oil is still considered cheapWeak dollar ... [CNBC - 10/26/2009]
First Reported 11/03/2009 - Updated 11/03/2009 - 1 Documents
WORLD oil prices rallied yesterday, partly boosted by positive manufacturing data from China, which is the world's second biggest energy consuming nation after the United States.New York's main contract, light sweet crude for December delivery gained ... [Nigeria Guardian - 11/03/2009]

Quotes

Oil prices are expected to continue trading in a tight range, and with only six more weeks to go before the year ends, "some market participants may want to lock in profits this year" Shum said
...pricing below 78 dollars a barrel as a buying opportunity,' said Victor Shum, senior principal at energy consultancy Purvin and Gertz in Singapore. "the oil market has shown resistance against breaking through the 80-dollar level simply because the sustainability of economic recovery is still uncertain and oil fundamentals are weak." New York crude on Wednesday breached $80 a barrel after government data showed crude reserves in the United States the world's biggest energy consuming...

More Content

All (138) | News (130) | Reports (0) | Blogs (7) | Audio/Video (0) | Fact Sheets (1)
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Oil prices up in Asian but below 78 dollars [CapitalFM - 11/20/2009]
Oil Prices Up in Asian Trade, Below USD 78 [Outlook India - 11/20/2009]
Oil attracts again [iafrica.com - 11/20/2009]
Oil prices up in Asian trade [Indian Express - 11/20/2009]
Oil prices up in Asian trade but still below 78... [Philippine Daily Inquirer - 11/20/2009]
Oil falls below $79 [Globe and Mail - 11/19/2009]
Oil falls to near $79 amid mixed economic signs [Khaleej Times - 11/19/2009]
...As oil prices fall below $79 ahead of U.S. s... [Nigeria Guardian - 11/13/2009]
As Oil prices fall below $79 ahead of U.S. supp... [Nigeria Guardian - 11/13/2009]
Oil falls below $79 in European trade [Canoe Money - 11/12/2009]
Oil falls below $79 [Economictimes - 11/12/2009]
Oil hovers above US$79 a barrel in Asia amid sl... [Oilweek Magazine - 11/12/2009]
Oil prices up in Asian trade, NY crude above 80... [Economictimes - 11/12/2009]
Oil gains on equities [iafrica.com - 11/12/2009]
Oil hovers above $79 ahead of US supply report [San Jose Mercury News - 11/12/2009]
OIL FUTURES: Crude Up In Asia; Market Awaits US... [MarketWatch - 11/06/2009]
Oil prices top $80 in New York [Philippine Daily Inquirer - 11/04/2009]
Oil prices rise before US energy report [France24 - Asia Pacific - 11/04/2009]
Oil prices rise before US energy report [France24 - Africa - 11/04/2009]
Oil prices rise before US energy report [France24 - Asia Pacific - 11/04/2009]
Oil prices rise before US energy report [France24 - Americas - 11/04/2009]
Oil prices rise before US energy report [France24 - Africa - 11/04/2009]
Oil prices rise before US energy report [France24 - europe - 11/04/2009]
Oil prices rise before US energy report [France24 - france - 11/04/2009]
Oil prices rise before US energy report [France24 - Business - 11/04/2009]
Oil prices rise before US energy report [Philippine Daily Inquirer - 11/04/2009]
Oil tamed by dollar [iafrica.com - 11/04/2009]
Oil slides in Asian trade ahead of US energy re... [Times of India - 11/04/2009]
Chinese manufacturing data boosts oil prices [Nigeria Guardian - 11/03/2009]
Oil slips below $77 ahead of U.S. inventory data [Reuters via MSN Money - 11/03/2009]
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China selling petrol to Iran, report says [Asian Energy - 09/24/2009]
SINGAPORE — China is potentially undermining US-led efforts aimed at curbing Iran's nuclear ambitions by supplying the Middle Eastern state with petrol, a report ...
Oil hovers above $71 amid weak demand, US dollar [Asian Energy - 09/23/2009]
SINGAPORE — Oil prices hovered above $71 a barrel Wednesday in Asia as signs of weak crude demand were offset by a slumping U.S. dollar.Benchmark crude for November ...
Oil Trades Below $69 as Refiners May Cut Output... [Asian Energy - 09/16/2009]
By Yee Kai Pin and Christian SchmollingerSept. 15 (Bloomberg) -- Crude oil traded below $69 a barrel on speculation U.S. refiners may cut operating rates after fuel ...
Crude oil inventories to show substantial gain-... [Asian Energy - 08/26/2009]
Oil prices hover at $72 in Asia on demand concern(philstar.com) Updated August 26, 2009 01:06 PMKUALA LUMPUR (AP) -- Oil prices hovered around $72 a barrel Wednesday ...
Oil prices duck under $70 in London [Asian Energy - 06/16/2009]
LONDON (AFP) — Oil prices dropped below 70 dollars on Monday as traders took profits from recent gains, but analysts said they expected crude futures to quickly ...
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