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Victor Shum Quotes
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.
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Victor Shum
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Risk
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Premium
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Fluctuates
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The geo-political news from Iran is not as hot anymore.
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Victor Shum
Overall pricing is still high... but it's not going to surge to 70 or beyond just yet.
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Victor Shum
This reduces fears about an Iranian crude supply cut and the market is just reacting to that.
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Victor Shum
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