Posts by: Phil Flynn

Mark Shenk & Grant Smith, Bloomberg. Oil dropped in New York, reversing earlier gains, after the head of the International Energy Agency predicted a rebound in U.S. supply. Futures fell as much as 2.4 percent after IEA Executive Director Fatih Birol said that higher oil prices will trigger a “significant” boost in U.S. shale output as […]

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Giving Up Gains. The Energy Report 01/18/17

On January 18, 2017 - 8:46 AM By

Crude oil prices gave up gains after hitting a three-week high only to succumb to worries about rising shale output and stability in the dollar. Oil retreated as the Energy Information Administration released a report late in yesterday’s session that said U.S. shale output could rise by 41,000 barrels a day in the month of […]

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Commodity Crazy. The Energy Report 01/17/17

On January 18, 2017 - 8:30 AM By

Donald Trump advisor Anthony Scaramucci, the founder of SkyBridge Capital, warns of a strong dollar and the dollar drops hot inflation data in the UK has commodities going crazy. Big bullish swings in soybeans, gold and oil and a pop and drop in copper suggests that we could see a big run in many commodity […]

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Oil prices had a solid rally on evidence of OPEC production cuts and strong China demand. And while there are predictions for more record breaking demand in China, the new year is bringing disturbing Chinese export data and more tightening of capital controls and is rising some concerns about the trajectory of growth in the […]

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US Could Be Energy Independent by 2026

On January 12, 2017 - 12:35 PM By

Emel Akan, Epock Times. The United States could be energy independent for the first time since 1953. Declining energy imports and growing energy exports could make the United States a net energy exporter by 2026, according to a report by the U.S. Energy Information Administration (EIA). “The United States could be completely … energy independent,” EIA […]

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$50.00 a Floor. The Energy Report 01/12/17

On January 12, 2017 - 7:58 AM By

Record refining runs at 17.1 million barrels a day and proof of OPEC production cuts drove oil higher even as U.S. oil production jumped 8.9 million barrels a day, the most since April and crude oil and product supplies all spiked higher. The reversal of fortunes in the market after the Energy Information Administration (EIA) […]

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[PRICE Links Video] Phil Flynn discusses the Coffee market with senior analyst Jack Scoville, who gives insights to the fundamentals affecting trading including weather and supply/demand factors…and he even shows samples of good coffee vs. bad! Past performance is not indicative of futures results.
Futures and options trading involves substantial risk of loss and […]

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New York (Platts)– Oil futures fell Monday as record-high exports from Iraq’s southern crude terminals and rising US drilling activity sowed doubts over the effectiveness of OPEC’s agreed supply cuts. NYMEX February crude settled $2.03 lower at $51.96/b. ICE March Brent settled down $2.16 at $54.94/b. Iraqi crude exports from southern ports averaged a record […]

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ForexTV.com via MarketWatch. The American Petroleum Institute late Tuesday reported a rise in U.S. crude supplies that was slightly below some market expectations, along with a hefty, unexpected jump in distillate inventories, according to sources. Data revealed a rise of 1.5 million barrels in U.S. crude supplies for the week ended Jan. 6. Analysts polled […]

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Finding a Bid. The Energy Report 01/11/17

On January 11, 2017 - 7:52 AM By

Oil prices are trying to find a bid after a strong dollar and some commodity index fund rebalancing pressured oil prices. Oil traders are still showing skepticism over production cuts even as all countries involved in the process continue to insist that they are all complying with cuts. Iraq said that it has reduced its […]

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Crude oil prices got greased on concerns about OPEC compliance and the rebalancing of the S&P GSCI index. Record December production by Iraq raised concerns that the country would not be able to reign in production even as they swear they will. Yet the selling was exasperated on reports that the S&P GSCI (Goldman Sachs […]

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Dollar Threat. The Energy Report 01/09/17

On January 9, 2017 - 7:27 AM By

Crude oil and the dollar have been generally moving in the same direction since Donald Trump was elected president. OPEC production cuts and strong US demand has offset the dollar influence on the price of oil. Oil prices and the dollar have moved together 12 other times since 1980 and when that happens, it signals […]

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