Posts by: Phil Flynn

9 Million Reasons. The Energy Report 02/24/17

On February 24, 2017 - 8:13 AM By

There are 9 million reasons to get excited about the U.S. energy industry as U.S. oil production got back over 9 million barrels a day last week and U.S. energy exports are at a modern record all-time high. Still, oil prices closed at the highest level in 19 months as the uptick in production is […]

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Peak Oil. The Energy Report 02/23/17

On February 23, 2017 - 8:06 AM By

Oil is rising on peak oil concerns. OK, not the old failed ideology of “peak oil” but the fact that U.S. oil supply in the U.S. may have peaked as well as Exxon Mobil’s proven reserve. The American Petroleum Institute (API) in their weekly report said we had the first crude oil drawdown of the […]

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[PRICE Links Video] Phil Flynn and Price Group’s Ag Strategist Jerry Gidel discuss next week’s Annual USDA Ag Forum. This 2-day event next Thursday and Friday in Washington provides perspective on the USDA’s outlook on all agricultural products. See Jerry’s take on what to expect. Futures and options trading involves substantial risk of loss and […]

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Nat Gas Cracked! The Energy Report 02/22/17

On February 22, 2017 - 8:22 AM By

Its February 22, 2017 and I am not wearing a coat to work! In Chicago for heaven sakes!  Do I need to explain any further why natural gas prices got pummeled! Temperatures that are more in line with spring or summer has save this market from what was a structural shortage. Now because Mother Natures […]

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[Barbara Kollmeyer, MarketWatch] If commodity bulls aren’t feeling the love in 2017 so far, they may get closer after Citigroup threw out a couple of upbeat calls on oil and copper this week. “Citi retains its bullish view on both crude oil and copper for 2017, seeing Brent potentially touching (around) $70/bbl. and LME copper […]

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The crude oil price broke out to the upside as European Union manufacturing data stunned analysts and give us a surge in oil. The February PMI gauge of Euro zone manufacturing activity came in at 56.0, compared to 54.3 that was the expected read. The rally happened despite a roaring dollar that was pumped on […]

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Gluts and Cuts! The Energy Report 02/17/17

On February 17, 2017 - 7:50 AM By

Oil prices are hanging in a tight trading range as the market tries to balance record U.S. petroleum inventories versus an outlook for a global tightening of supply as OPEC lays the groundwork for an extension of production cuts. The U.S. supply glut, while at a record high, looks smaller if you put it into […]

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Sometimes I get pop ups when I am mentioned in a news article on Google or Facebook. A radio Interview that I did one year ago to the day today on the Wall Street Journal radio network, was a reminder on how far oil prices and the economy has come in just one year. Even […]

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[Gillian Rich, Investor’s Business Daily] US crude stockpiles rose for the sixth straight week, according to Energy Information Administration data out Wednesday, but inventories were down at the key delivery hub in Cushing, Okla. Oil prices reversed higher then turned lower again, with U.S. crude down 0.5% to $52.94 per barrel and Brent down 0.5% […]

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A New Day. The Energy Report 02/15/17

On February 15, 2017 - 8:30 AM By

It is a new day for oil as it tries to adjust for another big increase in overall crude oil inventories, a more hawkish Fed Chair Janet Yellen and the impact of President Trump’s executive order to roll back commodity regulations that have helped foreign oil companies prosper at the expense of U.S. oil companies. […]

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Feeling the Love! The Energy Report 02/14/17

On February 14, 2017 - 7:37 AM By

OPEC members are feeling the love as most OPEC members say they are surprised by how good compliance has been. Still if you look at the OPEC report it seems that some numbers don’t quite add up. The so called secondary sources came in with only a 74% compliance rate as opposed to the 91% […]

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Crude oil dynamics are changing as rig counts rise, oil discoveries fall and OPEC compliance to production cuts are at an all time high. Despite short term worries about a U.S. glut, global oil inventories are on a path to a major tightening scenario and shale oil production alone will not change that. While the […]

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