Victor Shum Traders Quotations

Between now and when the U.N. Security Council actually takes up the issue there will be some saber-rattling, but in the near term traders know there won't be any disruption to supply from it.

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.

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

The threat to supply disruption is keeping traders edgy.

It's possible that as the summer driving season gets closer, just like last year, traders will focus more and more on products.