Posts by: Phil Flynn

Christine Buurma | BloombergBusiness Natural gas futures headed for a second straight weekly decline on forecasts for cooler weather that would limit power demand after a Northeast heat wave. Temperatures may be mostly average or below normal in the eastern and central U.S. through June 2, according to Commodity Weather Group LLC. Gas stockpiles climbed [...]

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Defeated? The Energy Report 5/29/15

On May 29, 2015 - 7:14 AM By

Is OPEC going to wave the white flag in the war with the U.S. shale producers? OPEC, in a report obtained by Reuter’s News, says that spite OPEC best efforts to squash U.S. shale production they expect that crude supply from rival non-OPEC producers, led by the U.S., “will grow until at least 2017”. This [...]

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Showdown. The Energy Report 5/28/15

On May 28, 2015 - 7:25 AM By

Oil prices are at a critical juncture after the U.S. dollar hit a one month high against the Euro and a 12 year high against the yen as traders looked for safe haven on fears that Greece might default and worries that the Fed might be closer to raising interest rates that we thought just [...]

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PRICE Links Video Series Access commentaries by the industry’s top market analysts straight from the floor of the CME Group. Hosted by PRICE Futures Group’s Senior Analyst Phil Flynn. Modern Trader With Dan Collins, Editor and Chief of Futures Magazine! Soon to be Modern Trader! PRICE Futures Group’s Senior Analyst Phil Flynn discusses Modern Times [...]

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U.S. Treasury Secretary, Jack Lew, is saying that one of the biggest risks to the global economy may be an “accidental crisis”. He is warning that Greece and its creditors must reach an accommodation as it is casting a pall over the global market place. It defiantly cast a pall over the energy complex as [...]

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BY ROBERT GIBBONS | Reuters Oil prices fell 2 percent on Tuesday as the dollar’s sharp rally weighed on dollar-denominated crude oil futures along with concerns that a recent rally might keep U.S. producers active. The U.S. dollar index rallied as Greece’s financial crisis and signs of increasing opposition to austerity in Spain pressured the [...]

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Oil Prices are fighting exceptional strength in the dollar as fears about a Greece default rise, hotter than expected core CPI number that seems to be taking precedent over falling U.S. rig counts that fell for a historic 24 weeks in a row. Maybe it is because Baker Hughes reported that the rig count cut [...]

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CBS Chicago | You’ll find you’re paying more for gasoline when you hit the road this holiday weekend. You’ll also find more of something else during your travels, CBS 2’s Jeremy Ross reports. Regular unleaded is $3.04 a gallon in Chicagoland. The national average is $2.73, according to AAA Motor Club. The cost, of course, [...]

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Ultra Bears missed out on the biggest string of gains in the history of the oil market, or at least since 1983 when they  began keeping records. The reason they missed out was failing to understand the gravity that the last November oil price crash had on the fundamentals of this market. That price crash [...]

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By Barani Krishnan | Reuters Oil prices jumped more than 2 percent on Thursday, giving Brent its biggest rally in more than a week, as draws reported in the Cushing delivery point for U.S. crude futures boosted optimism that a supply glut was easing. Fighting in Iraq that raised worries about the security of Middle East oil shipments also [...]

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By MARK SHENK | Bloomberg Oil climbed after U.S. crude stockpiles dropped, as refineries bolstered operating rates. Crude inventories declined 2.67 MMbbl last week, according to the Energy Information Administration. Refinery operating rates rose for the third time in four weeks. Gasoline supplies unexpectedly fell ahead of the Memorial Day holiday, which heralds the start [...]

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Now it seems that we may have some better insight as to why ECB official, Benoît Coeuré, is talking about front loading its quantitative easing (QE) program. It is because growth in the Euro Zone is weakening. The early onset of QE and QE expectations gave the Euro-zone economy a much need boost, especially in [...]

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