Posts by: Phil Flynn

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. GRAIN DRAIN! With Jack Scoville. PRICE Futures Group’s Senior Analyst Phil Flynn discusses this week’s factors affecting the Grain and Softs markets with Jack Scoville, Sr. [...]

Continue Reading

By Lynn Doan and Dan Murtaugh | BloombergBusiness Oil needs to recover to $65 a barrel for U.S. drillers to tap a pent-up supply locked in shale wells and unleash more crude on markets than is produced by Libya. Dipping into this “fracklog” would add an extra 500,000 barrels a day of oil into the [...]

Continue Reading

Oil “Ultra-Bears” are shocked by oils recent strength but if you look at history they really should not be. While many traders last November would not have expected a price in oil, the bearish calls after the crash failed to take into account that crashing oil prices have consequences. The old adage proves true, that low [...]

Continue Reading

By Mark Shenk | BloombergBusiness Crude climbed to a four-month high after Saudi Arabia renewed its aerial assault on Shiite rebels in Yemen, bolstering concerns that Middle Eastern oil shipments may be disrupted. Futures rose 2.8 percent in New York and 3.4 percent in London as the Saudi-led raids marked an escalation of the civil [...]

Continue Reading

Is that what you call ceasing military action? Just hours after Saudi Arabia announced that they would cease military action in Yemen the bombs continued to fall. Oil prices, that had fallen in response to the surprise announcement the day before, rallied even in the face of a bearish supply report. Of course the real [...]

Continue Reading

Mission Accomplished? Oil prices broke hard after the Saudi-led coalition in Yemen ended its “Operation Decisive Storm” in favor of what they are calling “Operation Renewal of Hope” that will focus trying to find a political solution to the threat from Yemen. This was a shock because just 24 hours earlier the market was worried [...]

Continue Reading

High Stakes. The Energy Report 4/21/15

On April 21, 2015 - 7:54 AM By

Oil prices rise again as geopolitical risks rise and demand continues to show signs of exceeding expectations. Not only did Saudi Arabia issue a terror warning on chatter that either a mall or an oil facility would be targeted in the kingdom. We also had news that the U.S. is sending a battleship to intercept [...]

Continue Reading

By Moming Zhou | BloombergBusiness U.S. oil futures climbed near their highest level of the year on speculation that supply growth is beginning to slow. Genscape Inc. was said to report a drop in inventories at Cushing, Oklahoma, the delivery point for West Texas Intermediate contracts, in the second half of last week, according to [...]

Continue Reading

By Shawn Ingram | TheStreet.com Shares of SandRidge Energywere gaining 2.2% to $2.08 Monday as oil prices were rising due to a drop in stockpiles at the delivery point for U.S. crude. WTI crude oil for May delivery was up 1.4% to $56.51 a barrel Wednesday, and Brent crude oil for June delivery was up 0.1% [...]

Continue Reading

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. Follow the Leader with Jack Scoville! As we head into the Grain’s season, Senior Analyst Phil Flynn discusses factors influencing the Grains and Softs markets with [...]

Continue Reading

By Moming Zhou | BloombergBusiness Hedge funds increased bets on rising oil prices to an eight-month high amid signs U.S. production is slowing. Speculators boosted their net-long position in West Texas Intermediate crude by 9 percent in the seven days ended April 14 to the highest since August, U.S. Commodity Futures Trading Commission data show. [...]

Continue Reading

China Shot. The Energy Report 4/20/15

On April 20, 2015 - 8:11 AM By

Oil prices rally after China cut interest rates and U.S. Rig counts continue to fall. This comes after hedge funds put on the biggest bull position in 8 months. China made a big move aggressively cutting interest rates which will increase their demand for oil. The cut was one quarter of a percentage point and [...]

Continue Reading