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[Myra P. Saefong, MarketWatch] WTI oil settle 3.3% higher Tuesday OPEC members can’t take all the credit for oil’s rally Tuesday, which saw prices score their biggest single-session gain of the year. News of cuts to oil-and-gas exploration spending and signs of a potential slowdown in U.S. output also played roles in the bullish shift […]

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Divine Intervention [PRICE Links Video]

On July 24, 2017 - 7:59 AM By

Phil Flynn talks with Father Mario Di Cicco of St. Peter’s in the LOOP about the history of the iconic downtown church, how it survived the Great Chicago Fire, its importance to members of the CBOT, and what you can do to help them continue their 140-plus years of dedicated service work to the community. […]

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[Myra P. Saefong, MarketWatch] The American Petroleum Institute reported Tuesday a much larger-than-expected drop of 8.1 million barrels in U.S. crude supplies for the week ended July 7, according to sources. “We are finally seeing the impact from cumulative OPEC cuts, lower U.S. output and strong demand,” said Phil Flynn, senior market analyst at Price […]

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[Jessica Summers, Bloomberg] Oil climbed above $45 a barrel after the Energy Information Administration cut its U.S. crude output forecast for next year and as investors focused on the pace of rebalancing. Futures roses as much as 2 percent in New York, after earlier fluctuating between gains and losses. The EIA cut its 2018 crude […]

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Phil Flynn talks the Agriculture markets with Senior Grain Analyst Jack Scoville. How and why are we seeing wild price swings in Ag prices, how have recent USDA reports and hot, turbulent weather factored in, and what does it mean for agricultural producers? Futures and options trading involves substantial risk of loss and may not […]

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On July 6, 2017 - 10:24 AM By

[Daniel J. Graeber, UPI] Oil market in search of a comfort zone that strikes a balance between over and under stimulus. A downturn in U.S. crude oil production, followed by a decline in exploration and production, helped oil prices recover lost ground in early Thursday trading. Crude oil prices lost nearly 5 percent of their […]

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[Myra P. Saefong, MarketWatch] The American Petroleum Institute reported Wednesday a much larger-than-expected drop of 5.8 million barrels in U.S. crude supplies for the week ended June 30, according to sources. Phil Flynn of Price Futures Group said the decline was a “delayed impact” from the tropical storm in the Gulf of Mexico last month. […]

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Phil Flynn gets an update from Gary Kamen of Trends in Futures. What lies beneath the trends? Where is the big money posturing for potential trending prices? Energy, Softs, Grains? Listen and learn! For Phil Flynn subscribers: Get Gary’s book “What Lies Beneath the Trends” and a 30-day trail the his daily service FREE! Email […]

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[Daniel J. Graeber, UPI] Crude oil inventory levels in the United States increased last week even as some activity was stifled by Tropical Storm Cindy. A brief rally in crude oil prices came under pressure early Wednesday as the broker market responded to a surprise build in inventory levels. The American Petroleum Institute, an industry […]

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[Bloomberg via ArabianBusiness.com] Oil falls below $44 as report of supply build stuns market Market reacted to expanding production from US and Libya, which is expected to counter output cuts from the OPEC Oil pared the longest run of gains in a month as an industry report is said to show an unexpected increase in […]

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[Myra P. Saefong, MarketWatch] Analyst says a crash in U.S. shale-oil production is ‘starting now’. Concerns over the ability for U.S. shale-oil production to offset efforts by other oil producers to rebalance the market have been greatly exaggerated. The energy industry is already suffering from the impact of spending cuts over the past several years, […]

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[Brian K. Sullivan, Bloomberg] Tropical Storm Cindy has halted service at a major oil terminal in the Gulf of Mexico, prompted some evacuations at rigs and platforms and put states from Texas to Florida on notice for life-threatening floods. Cindy was 200 miles (322 kilometers) southeast of Galveston, Texas, with top winds of 60 miles […]

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