Currently viewing the tag: "Phil Flynn"

By Myra P. Saefong | MarketWatch Natural-gas futures fell on Monday to settle at their lowest level in almost three years, pressured by expectations that U.S. production may soon start to rise just as demand for the energy source slows in the so-called off season. Oil futures, meanwhile, finished lower — just below $57 a [...]

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By Grant Smith & Moming Zhou | BloombergBusiness Oil traded near the highest price this year on concern that Saudi Arabia’s military campaign in Yemen will disrupt Middle East supplies. Saudi Arabia deployed National Guard troops to its southern borders, state-run Saudi Press Agency reported, a month after airstrikes were launched on Houthi rebels in [...]

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By Steve LeVine | Quartz.com The last 11 months have been an unlikely journey for oil, with its widely unanticipated price dive, Saudi Arabia’s uncharacteristic refusal to stem the bloodletting, and financial havoc for petro-powers and energy companies. But as improbable as the journey has been, it is not over. A number of leading analysts say [...]

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Oil prices started to slip after the dollar rallied after Fitch downgraded Japan’s debt. I guess what Fitch is saying that you can’t print your way to prosperity. Fitch downgraded Japan’s long-term foreign and Local Currency Issuer Default Ratings (IDRs) to ‘A’ from ‘A+’. The issue ratings on Japan’s senior unsecured foreign and local currency bonds [...]

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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 [...]

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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 [...]

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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 [...]

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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 [...]

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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 [...]

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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 [...]

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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 [...]

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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% [...]

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