Victor Shum Inventory Quotations

Crude inventory went up and the market is concerned about the continuing gasoline stock draw in the US market and the peak summer driving season that starts in late May.

The traders are simply taking profits. They want to lock-in their gains before the inventory report comes out on Wednesday.

In the past few weeks, right before the announcement of the inventory report the market generally comes down.

Gasoline inventories in the U.S. continue to be an issue in the market because last week's inventory report showed a stock decline as we approach the summer driving season.

The fundamentals are quite bearish (negative for prices) ... the (US) inventory data ... essentially confirmed that the market is supplied with product.

The fundamentals are quite bearish ... the inventory data ... essentially confirmed that the market is (well) supplied with product.

The market expects that one snowstorm is not going to change the bearish (negative) inventory (data) in the US.

This morning the market is continuing its momentum ... from the response to the inventory report from the US.

The market is holding its breath, waiting for the inventory figures.