Posts by: Phil Flynn

Buffer Zone. The Energy Report 3/6/15

On March 6, 2015 - 7:23 AM By

Despite the fact that the risk to global oil supply is increasing, near record supply is creating a buffer so we don’t see the traditional “risk on” oil price spike. While we have seen the spread between the Brent Crude and West Texas Intermediate spread price in those fears the market has taken some pretty [...]

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By Fox Business News Video | Forbes Magazine Publisher Rich Karlgaard, Price Futures Group Senior Market Analyst Phil Flynn and The Daily Signal Senior Contributor Genevieve Wood on Mark Cuban’s comments suggesting we are in a tech bubble and Hillary Clinton’s secret e-mails.   http://video.foxbusiness.com/v/4096159968001/cuban-tech-bubble-is-worse-than-2000/?#sp=show-clips Watch the latest video at video.foxbusiness.com

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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 Phil Flynn, Senior Market Analyst and Fox Business News Contributor. Change Your Mind! With Jennifer Thompson, President of the Silverstrand Group. PRICE Futures Group’s Senior Analyst Phil Flynn discusses perception [...]

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Maybe the Cushing Oklahoma won’t get filled up so fast after all. Hedge funds that had a record short position coming into this week must be a little bit worried that oil prices could not stay lower after the Energy Information Administration reported a mind boggling 10.3 million barrel build in crude oil supply. Yet [...]

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Dirt-cheap gas takes a breather

On March 4, 2015 - 11:30 AM By

By Jessica Seaman | ArkansasOnline | U.S. motorists who have been filling their vehicles with some of the cheapest gasoline in years are starting to see a rapid increase in prices at the pump. The jump in prices — more than 30 cents a gallon in just a month — is the result of a [...]

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Saudi Arabia raised it selling price for oil in what could be like a mission accomplished banner in the OPEC oil production war. The state owned Saudi Aramco raised its Asian prices for Saudi light oil delivery in April by $1.40 a barrel and its U.S. prices by $1 a barrel. It seems that the [...]

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Oil Prices Settle Higher

On March 3, 2015 - 3:38 PM By

By NICOLE FRIEDMAN | The Wall Street Journal | Saudi Arabia raises official prices for its oil, suggesting demand is firm Traders are looking ahead to U.S. inventory data for the week ended Feb. 27, which is due Wednesday. Analysts expect the agency to report that crude supplies rose by 4.6 million barrels in the [...]

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Oil prices shook off bearish news for a minute when private forecasters released their estimates of oil storage in the NYMEX delivery point in Cushing, Oklahoma. Genscape predicted that supply into Cushing Oklahoma would only increase by 1.4 million barrels this week suggesting that Cushing, Oklahoma may be filling up at a slower pace than [...]

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By Barani Krishnan | Reuters | Brent crude tumbled more than 3 percent on Monday on speculation of a nuclear deal that could boost Iran’s oil exports, and U.S. crude rose by around 1 percent as traders bet the gap between the two would narrow. Iranian Foreign Minister Mohammad Javad Zarif said a deal on Iran’s nuclear programme [...]

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WHAT’S UP WITH PRICES AT THE PUMP?

On March 2, 2015 - 12:42 PM By

By Marita Noon | Breitbart After initially driving down the price of oil by increasing its production, which gave Americans a welcome drop in prices at the pump, could Saudi Arabia now be pushing them back up? Prices at the pump have gone up nearly 40 cents a gallon from the January low—60 cents in California. Every [...]

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By Lynn Doan | BloombergBusiness | Hedge funds raised bearish wagers on oil to an all-time high, speculating crude has further to fall as the supply glut keeps swelling. Money managers increased short positions in West Texas Intermediate crude by 17 percent in the seven days ended Feb. 24, U.S. Commodity Futures Trading Commission data [...]

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Hedge funds put on a record short position as China’s cut in interest rates over the weekend. The move by China is both bearish in the short term for oil but net bullish over all.  The reason why it is bearish in the short term it is adding downward pressure as the dollar rallied after [...]

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