Posts by: Phil Flynn

The Energy Report 4/16/14

On April 16, 2014 - 7:52 AM By

China Blues! China’s GDP hit the lowest level in almost the third of 2012 yet was actually in line with market expectations give or take. The slowdown in China has taken its toll on precious metals yet oil is still strong on geo-political risk. Fear that Ukraine could erupt into civil war is overshadowing a [...]

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By Moming Zhou | Bloomberg Brent crude dropped from a five-week high as Libya’s National Oil Corp. prepared to resume exports from its Hariga terminal. West Texas Intermediate slipped below $104 on U.S. inventory forecasts. Brent’s premium to WTI shrank. A tanker will arrive at the port in eastern Libya today to load 1 million [...]

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By Christian Berthelsen | The Wall Street Journal Crude-oil prices fell Tuesday on concerns that Chinese energy demand could wane following recent data and as diplomatic talks about Ukraine eased worries about possible supply disruptions. Light, sweet crude for May delivery was down 12 cents, or 0.1%, to $103.93 a barrel on the New York [...]

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The Energy Report 4/15/14

On April 15, 2014 - 9:10 AM By

Ukraine on Tap! Reports that Ukraine may start military operations may turn around a market that was all of a sudden pricing in diplomacy. A meeting in Switzerland may be doomed to fail as reports that the acting Ukrainian President has said that a military operation to regain control of cities in the eastern Ukraine [...]

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The Energy Report 4/14/14

On April 14, 2014 - 8:57 AM By

Ukraine Heats Up! Rising tensions in Ukraine, violence and the possibly the Ukraine government is getting ready to act against rebels has oil and wheat rising. Gold hit a 3 week high and is gaining on silver as systemic risk rises and fears that a conflict could slow the economy. The Ruble is rubbish. Palladium [...]

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By Steve LeVine | Quartz Oil prices have fallen again today thanks in part to a deal this week between Libya’s government and a separatist-minded militia that allowed a key oil terminal to reopen. But there is the potential for an even sloshier market—and lower prices—starting later this month with the largest US exports of crude and oil products in [...]

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By Elizabeth Dilts | Reuters NEW YORK, April 11 (Reuters) – U.S. crude oil rose on Friday, lifted by a positive consumer confidence report that indicated strength in the U.S. economy, while Brent was pulled higher by traders covering short positions before the weekend in case ties with Russia worsened. The International Energy Agency had [...]

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The Energy Report 4/11/14

On April 11, 2014 - 8:51 AM By

Vladimir He Wrote Me a Letter! While the stock market corrects, oil hangs in there on geo-political risk after Vladimir Putin wrote the EU a letter. While I don’t have an exact copy it went something like this. Dear EU, I am here to write to you to try to lay out the case for [...]

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By John Kell | WSJ NEW YORK–Natural-gas futures climbed to a four-week high as traders focused on forecasts calling for another late-season cold snap and fretted about a potentially disappointing storage report due Thursday. Natural gas for May delivery settled up 5.2 cents, or 1.2%, at $4.5860 a million British thermal units, the highest since [...]

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The Energy Report 4/10/14

On April 10, 2014 - 9:06 AM By

Stimulating! Weak data out of China and Fed worries about low inflation and misleading on rate increases is rating hopes for massive global stimulus giving the risk-on trade new life. Oil that was already creeping higher on veiled threats from Vladimir Putin suggesting that the Ukraine should pay for their gas upfront caused a rally. [...]

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Crude Steady Ahead Of Supply Data

On April 9, 2014 - 10:25 AM By

Michael Calia | Wall Street Journal Updated April 9, 2014 9:45 a.m. ET NEW YORK–Oil futures were nearly flat Wednesday, as observers waited for U.S. weekly crude oil supplies data a day after government analysts scaled back their production outlook for the year. Light, sweet crude for May delivery was down 6 cents, or 0.1%, [...]

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By Moming Zhou | Bloomberg | Apr 9, 2014 8:44 AM MT West Texas Intermediate crude slipped after the Energy Information Administration reported that U.S. supplies surged five times as much as analysts forecast. Futures were little changed in New York. Inventories increased 4.03 million barrels, the EIA, the Energy Department’s statistical arm, said. Analysts [...]

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