Currently viewing the tag: "Phil Flynn"

By Moming Zhou | Bloomberg West Texas Intermediate crude was little changed before an Energy Information Administration report that may show U.S. inventory growth slowed. Brent rose. Crude stockpiles may have increased 3 million barrels in the week ended Oct. 17, a Bloomberg survey showed. The American Petroleum Institute said yesterday that supply climbed 1.2 [...]

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  Fed Outlook with Average Joe Todd  Bubba Horwitz [PRICE Links Video] Recorded 10/21/14 Learn More about the Rogers International Commodity Index® (RICI®) You can reach Phil Flynn at (888) 264-5665 or pflynn@pricegroup.com View All of the PRICE Links Videos The PRICE Links Video Series gives you access to the minds of the industry’s top [...]

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Bullish and bearish forces are slugging it out in the oil complex and something has to give. On one hand, Russia seemed to move the goalpost on an expected gas deal with Ukraine while the European Central bank is leaking stories that they may be in the market to buy cooperate bonds in an effort [...]

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By Mark Shenk | Bloomberg West Texas Intermediate and Brent crudes advanced after Chinese economic growth exceeded analysts’ estimates, signaling stronger fuel demand in the world’s second-biggest oil consuming country. Futures rose as much as 1.6 percent in New York and 1.3 percent in London. China’s gross domestic product rose 7.3 percent in the July-September [...]

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By Ellis Hensley | Brent crude oil prices fell lower than $86 a barrel on Monday, which is a good sign for consumers, but bad for oil companies. In fact, production has been so good during the high-priced summer that now there is far more oil than there is demand for it. As consumers approach [...]

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Lift the Ban. The Energy Report 10/21/14

On October 21, 2014 - 7:51 AM By

It is time to lift the oil export ban. The boom in U.S. oil production has to change the mindset about our energy policy to better reflect the realities of today instead of the fears of the past. After the Arab oil embargo in the 1970’s America was faced with tough choices and there was [...]

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Deflation Nation. The Energy Report 10/20/14

On October 20, 2014 - 8:03 AM By

Falling oil prices are a double edged sword. On one hand they reflect the positive impact from rising U.S. oil production and provide an economic stimulus shot. On the other hand they reflect a struggling global economy that is seeing falling demand as well as falling confidence. As deflation and stagnation pressures mount the ECB acts [...]

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Oil Prices Halt Steep Slide

On October 17, 2014 - 10:10 AM By

By Christian Berthelsen | Wall Street Journal Crude-oil prices arrested their steep slide Friday amid sentiment that the recent selloff was overdone. Light, sweet crude for November delivery was up 94 cents, or 1.1%, to $83.64 a barrel on the New York Mercantile Exchange, after being up as much as 2.1% over Thursday’s close earlier [...]

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Gas Prices Trending Toward $3 Mark [Video]

On October 17, 2014 - 8:33 AM By

CHICAGO (FOX 32 News) – Gas prices are heading down toward the $3 mark. Fox Network business analyst Phil Flynn joined Good Day to talk about this trend. FOX 32 News Chicago http://www.myfoxchicago.com/clip/10707713/gas-prices-trending-toward-3-mark

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Fed Flop. The Energy Report 10/17/14

On October 17, 2014 - 8:24 AM By

The Federal Reserve may be flip-flopping its position on ending its bond buying program almost on a daily basis. On Wednesday when the market was tanking, the VIX was flying and treasury yields going to oblivion. The market seemed to be demanding more QE as the world sank deeper into a deflationary spiral. Then Fed [...]

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By Moming Zhou | U.S. crude oil output is forecast to reach a 45-year high next year, swelling inventories and pushing down forward prices. December 2016 futures for West Texas Intermediate oil became more expensive than December 2015 contracts on Oct. 9 for the first time since 2011. The 2016 futures traded at a premium [...]

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The Dow was down over 400 points and oil prices were tanking as data in the U.S. seemed to suggest that deflation was spreading faster than Ebola. With OPEC flooding the market with oil and a weak Producer Price Index that came in an a -0.1% and a sharp drop in the New York manufacturing [...]

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