Posts by: Phil Flynn

Rig Rout. The Energy Report 10/5/15

On October 5, 2015 - 8:00 AM By

Oil rose as rigs took a hit, the jobs number missed and the Russians are maybe going to talk to OPEC about oil if asked. Even with the Saudis cutting oil prices to Asia, it’s still not enough to slow the momentum in oil early this Monday morning. We had a dismal job report on [...]

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Wild swings on oil in part being blown around by Hurricane Joachim. While oil has plenty of reasons to rally other than the storm, like declining oil output and increased geo-political risk, the track of the storm seemed to encourage a sell-off. Models that show the Hurricane may turn out to sea caused some selling [...]

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Oil is up because production is down. We are also getting a boost from better than expected manufacturing data in China and the increased risk geopolitical risk premium because of Russia’s actions in the Ukraine. U.S. oil output fell 40,000 barrels a day for the 7th time in eight weeks and OPEC production also fell [...]

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PRICE Links Video Series Follow the Money! With Gary Kamen of Trends In Futures!
Senior Analyst Phil Flynn discusses the “Commitment of Traders” report, what Big Banks have been doing to pressure the stock market lower and what you can do to position your own portfolio with Gary Kamen of Trends in Futures. Also [...]

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Big pain in the oil patch as Chesapeake Energy cuts 15% of its total workforce amounting to 740 high paying energy jobs. The company which has already cut its capital spending by over 40% is retrenching even more to stay what CEO Doug Lawler will be an “enduring enterprise.” Of course, the Obama administration is [...]

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Bottom of the Barrel. The Energy Report 9/29/15

On September 29, 2015 - 7:27 AM By

Sometimes when you are in the prices of setting a long term bottom in oil it gets ugly before you hit the bottom of the barrel. Yesterday oil prices suffered as global growth fears and a falling U.S. stock-market overshadowed signs of more U.S. oil production destruction. Glencore the commodity giant’s stock fell 29% percent, [...]

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Growth Fears. The Energy Report 9/28/15

On September 28, 2015 - 10:08 AM By

Oil prices are under pressure again as global growth fears seem to outweigh oil production cutbacks. Weak industrial profits in China and the International Monetary Fund (IMF) potentially lowering its growth forecast. National Bureau of Statistics (NBS) said profits earned by Chinese industrial companies declined 8.8 percent in August from a year ago raising concern [...]

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The New Super Cycle. The Energy Report 9/25/15

On September 25, 2015 - 7:19 AM By

While it may not feel like it, oil is in the early phases of a new Oil “super cycle”. In fact, in the early stages of a super cycle it never feels like it but that is because we are laying the groundwork for supply tightness in the future. While we hear about an everlasting [...]

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Get “Real” on Brazil!

On September 24, 2015 - 1:28 PM By

PRICE Links Video Series Get “Real” on Brazil! With Senior analyst Jack Scoville.
Phil Flynn discusses the devaluation of the Brazilian Real with Jack Scoville, and its impact on the soybean, sugar, coffee, crude oil and ethanol markets. Recorded 9/24/2015
Past performance is not indicative of futures results.
Futures and options [...]

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By Mark Shenk & Grant Smith | BloombergBusiness Oil dropped to the lowest level in more than a week amid signs that seasonal refinery maintenance is crimping crude demand. West Texas Intermediate futures fell as much as 1.7 percent, adding to Wednesday’s 4.1 percent slump. U.S. refinery utilization slid 2.2 percentage points last week while [...]

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Demand Worries. The Energy Report 9/24/15

On September 24, 2015 - 7:14 AM By

Demand worries overshadowed a drop in Crude stocks after the Energy Information Administration seemed to suggest refiners going into maintenance and a weakening demand for gasoline helped send the market after an initial surge higher with the sale of being enhanced by weak volume. China’s manufacturing data did not help the mood either as oil [...]

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More signs of a slowdown in the Chinese economy may not be enough to overcome a potential slowdown in U.S. oil output. The preliminary Caixin/Markit China Manufacturing Purchasing Managers’ Index fell to 47.0 in September, its lowest since March 2009 yet only down slightly from last month. The weakness was well telegraphed by other readings [...]

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