Posts by: Phil Flynn

Brexit Bash. The Energy Report 06/24/16

On June 24, 2016 - 8:02 AM By

Oil prices got bashed as the UK shocked the world by voting to leave the EU. The bookies had it wrong and the reverberations were felt around the world.  Gold surged to a 2 year high. The Dollar had the biggest one day up move since the Iranian revolution in 1978. And oil tanked as […]

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Oil prices sold off on Brexit fears and discrepancies on total oil supply between the Energy Information Administration Supply Report (EIA) and the American Petroleum Institute (API) report. This happened despite falling U.S. oil production and record breaking gasoline demand. The EIA reported crude oil fell by only 900,000 barrel last week. That was a […]

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Bloomberg via Financial Review | Oil dropped from the highest close in more than a week as markets awaited US stockpile data, while the UK referendum on European Union membership remained too close to call. Futures slid 1.1 per cent in New York after settling at the highest level since June 9 on Monday. US crude inventories […]

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Sometimes bookies come in handy. According to the bookies in London, the odds of the UK staying in the EU is over 80%. While the bets against a Brexit seem to be gaining momentum, the oil market is grappling with a surprise drop in supply and potentially more supply risk in Nigeria. The American Petroleum […]

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The front month natural gas contract hit a new high for the year just as the summer solstice was about to begin. Record high temperatures in southern California and the American southwest are already raising fears about natural gas shortages. California is warning about emergency measures and talking about rolling blackouts and we have not […]

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Oil Ends the Day Higher

On June 20, 2016 - 4:03 PM By

By George Orwel, DTN Energy Report | NEW YORK (DTN) — New York Mercantile Exchange oil futures ended higher Monday afternoon as easing fear over an exit by Britain from the European Union pressed the dollar sharply lower. “The Brexit issue was a big part of the reason we have risk-on trade today because there […]

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Brexit Battle. The Energy Report 06/20/16

On June 20, 2016 - 10:03 AM By

Oil price bounce as the trade looks to a Brexit poll that suggests the “stay” campaign may be gaining momentum. It is becoming clear that if the UK votes to stay, then oil prices should move much higher. Sure, it might have moved even higher still if it were not for the Brexit drama but […]

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Senseless. The Energy Report 06/17/16

On June 17, 2016 - 8:15 AM By

Brexit worries turned into sorrow after the senseless, sad and tragic killing of Jo Cox, a member of the British Parliament. It was grievous respite to the increasingly emotional and heated debate over whether or not the UK will leave the Euro Zone. Helen Joanne “Jo” Cox was a British Labor Party MP who was […]

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Fox Business Video | U.K. vote worries hit stocks Rhino Trading Partners’ Michael Block and Price Futures Group Senior Analyst Phil Flynn on whether investors should continue seeking a safe haven as global tensions worry investors. Watch the latest video at video.foxbusiness.com   http://www.foxbusiness.com/markets/2016/06/16/gold-boosted-bond-yields-drop-on-brexit-vote-fears.html

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The Federal Reserve failed to inspire confidence that they have a handle on what is happening in the global economy. Fed Chair Janet Yellen, in a press conference, seemed to be more defensive about misleading the market explaining why she and other officials said this meeting was a live meeting and then doubled down by […]

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By Sumit Roy, ETF.com | Interview: Phil Flynn is senior energy analyst and a futures account executive at Chicago-based The Price Futures Group. He is one of the world’s leading energy market analysts and a daily contributor to Fox Business Network, where he provides market updates and analysis. Flynn recently sat down with ETF.com to […]

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The Feral Reserve Open Market Committee will make their announcement on their decision about interest rates and no matter what they say, they will have egg on their face. The FOMC cajoled traders that they were underestimating the odds of a June rate hike and that June was a “live meeting” but now we know […]

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