Posts by: Phil Flynn

By Mark Shenk | Bloomberg West Texas Intermediate and Brent crudes dropped as a stronger dollar curbed the appeal of commodities to investors looking for a store of value. Futures dropped as much as 1.5 percent in New York and 1.6 percent in London. The dollar reached a six-year high against the yen after the [...]

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6 degrees of separation is the theory that everyone and everything is six or fewer steps away, by way of introduction, you can be connected to any other person in the world. It kind of works that way in interest rates as well. What the fed does will impact at least 6 other countries and impact [...]

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Oil mixed after OPEC-fueled bounce

On September 17, 2014 - 8:41 AM By

NEW YORK (MarketWatch) — Oil futures are mixed Wednesday, a day after long-suffering crude posted a sharp rebound on talk of a potential production cut by the Organization of the Petroleum Exporting Countries and expectations the Federal Reserve won’t be more aggressive in signaling future rate hikes. West Texas intermediate crude for October delivery on [...]

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There is a new phase to the business cycle. Trough, leak information, then print money and modest revovery… Yesterday commodities and stocks came alive after the Wall Street Journal leaked that the Federal Reserve most likely maintains its “considerable time” language in its policy statement. Oil was already in rally mode as OPEC warned of a [...]

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Oil up on Opec production cut talk

On September 16, 2014 - 1:15 PM By

NEW YORK — Brent and US crude futures rose more than a dollar on Tuesday on the prospect of a possible Organisation of the Petroleum Exporting Countries (Opec) production cut and on news that Libya curbed output after rockets hit an area near a refinery. Oil prices pushed higher early after Opec secretary general Abdallah [...]

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Shoulder Season. The Energy Report 9/16/14

On September 16, 2014 - 7:46 AM By

Shoulder season, the weak demand period for oil has hit like a vengeance. The Brent Crude fell against the WTI as the demand outlook for the US looks better than the rest of the world. Not even the fact that the US is dropping Bombs in Iraq on ISIS was enough to give the market [...]

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After China’s Industrial production number hit 12 year low oil traders have to ask themselves where the demand is going to come from. More worries about a slowing global economy and worries that more sanctions on Russia are going to make things worse is adding to the downward pressure on oil. OPEC countries will also [...]

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Quartz (qz.com) | US oil companies plan a massive campaign in the coming months to persuade president Barack Obama to overturn a ban on the export of crude oil that has held since the Arab embargoes of the 1970s. Their motivation is understandable enough: profit. Crude oil exports are opposed by the US chemical and [...]

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The Globe and Mail | World oil prices sank to their lowest intraday level in more than two years after the West’s energy-security watchdog cut its forecast for demand growth, threatening the earnings momentum that had returned to the Canadian oil patch. The International Energy Agency said in its September oil market report that economic [...]

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Geo-Political Swings. The Energy Report 9/12/14

On September 12, 2014 - 7:37 AM By

Geo-politics are once again providing swings in the petroleum sector. Oil prices originally seemed unfazed by President Obama’s speech about going after ISIS but seemed to worry after Russian President Vladimir Putin said that if President Obama wanted to go after ISIS in Syria he would need a UN resolution. There is also concern that [...]

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By Robert Gibbons | Reuters NEW YORK, Sept 11 (Reuters) – Benchmark Brent crude dropped to a two-year low on Thursday, falling for a sixth straight session as increasing supply and signs of weakening demand countered worries that conflicts in the Middle East could curb output. Oil prices fell in tandem early in the day, [...]

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The War Two Fronts. The Energy Report 9/11/14

On September 11, 2014 - 7:38 AM By

While President Obama lays out his plan to fight ISIS, OPEC is fighting a war against a growing oil glut. President Obama addressed the nation yet it is still unclear if the President has a plan or is just trying to protect his legacy. The President says that we will degrade, and ultimately destroy, ISIL [...]

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