Posts by: Phil Flynn

By Myra P. Saefong | MarketWatch | Traders ponder potential output spike, but the Fed’s a concern too Fifty dollars a barrel isn’t a magic price that will send oil producers scrambling to ramp up output, but a move above that level could offer just the added excuse the U.S. Federal Reserve needs to raise […]

Continue Reading

WSJ Podasts | What’s News w/John Wordock | Crude futures have hit their highest level in six months, topping $50 a barrel. Phil Flynn, senior market analyst at the Price Futures Group, sees oil prices heading even higher this summer. Podcast: http://www.wsj.com/podcasts/with-oil-at-50-flynn-sees-60-by-july-fourth/8B9A3EF5-48A0-4F1B-8420-3901B5EA28DD.html  

Continue Reading

By Grant Smith | Bloomberg | Saudi Arabia has been fighting with fellow OPEC members since the oil rout started two years ago. For the first time next week, it can argue convincingly that its strategy of squeezing rival producers is succeeding. By stifling high-cost suppliers, the Saudi approach has now almost eradicated the global […]

Continue Reading

Remember when we had supply concerns in oil? Well it looks like those days are back. Despite high global supplies, demand may now be at the point where it is actually exceeding daily global oil output. Oil prices in Europe have already exceeded $50.00 a barrel on that possibility. While some of the supply issues […]

Continue Reading

Channel NewsAsia | Oil prices surged to the highest levels this year on Wednesday after data showed a fall in US crude inventories that added to expectations of a tightening global market. Oil prices surged to the highest levels this year on Wednesday (May 25) after data showed a fall in US crude inventories that […]

Continue Reading

By Nicole Friedman and George Kantchev | The Wall Street Journal | A larger-than-expected decline in U.S. crude inventories buoys prices, but demand also drops U.S. oil prices pared gains Wednesday after the energy department reported continued declines in U.S. crude inventories and production last week but a drop in demand. U.S. inventories are closely […]

Continue Reading

It is suddenly hip to be bullish crude oil again. Bearish calls that oil could crash to $10.00 a barrel seem be off of the table. Talk that oil would never exceed $40.00 a barrel ever again has been proven to be wrong. Now the market and the analysts are starting to understand the impact […]

Continue Reading

BY BARANI KRISHNAN | Reuters | Oil prices rose on Tuesday as investors anticipated a weekly drawdown in U.S. crude inventories that they hoped would boost prices closer to $50 a barrel, while a rally on Wall Street also lent support. “We’re gearing up on expectations that the wildfires in Canada may finally be showing […]

Continue Reading

Investor’s Business Daily via Bloomberg News | Oil dropped for a fourth day, the longest stretch of declines in more than a month, as producers in Canada worked to resume operations after wildfires and Iran continued to increase exports. July crude fell 0.7% in New York. Cooler weather is helping to control a blaze in […]

Continue Reading

Oil prices are struggling on short term fundamentals but we continue to get a disturbing outlook for our long term energy future. Weakness enveloped crude oil driving it down for the fourth day in a row on reports of oil disruptions getting back on line, yet a report from Rystad Energy says that global oil […]

Continue Reading

By Mark Shenk | Bloomberg | Oil dropped for a fourth day as producers in Canada worked to resume operations after wildfires and Iran continued to increase exports. July crude fell as much as 2.1 percent in New York. Cooler weather is helping to control a blaze in Canada’s oil-sands region and allowing Suncor Energy […]

Continue Reading

By TIMOTHY PUKO | The Wall Street Journal | Warmer weather forecasts boost expectations for demand. Natural-gas prices jumped to a 10-day high overnight as warmer weather forecasts boost expectations for demand. Natural gas for June delivery is up 3.5 cents, or 1.7%, at $2.097 a million British thermal units on the New York Mercantile […]

Continue Reading
buy ultram online no prescriptionbuy valium online no prescriptionbuy xanax no prescriptiontramadol for salebuy valium without prescriptionbuy xanax onlinetramadol for saletramadol online without prescriptionbuy xanax without prescriptionbuy valium online no prescriptionadderall for salevalium online no prescription