Currently viewing the tag: "Phil Flynn"

Reality Check. The Energy Report 8/28/15

On August 28, 2015 - 7:56 AM By

Oil ultra bears got hit with a reality check after oil posted its biggest one day snap back since the crazed buying days at the beginning of the frenzy buying of 2008. While there is no doubt that the bear case of ever rising supply is a compelling one, especially if you put it in [...]

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Back to Normal. The Energy Report 8/27/15

On August 27, 2015 - 7:48 AM By

Oil prices are out of the crisis zone, trading back above $40 a barrel and if it closes above there, it may show that the world may not be falling apart. A combination of the strongest rally on Wall Street since 2011 and a rally in China overnight, on some alleged government stock buying, is [...]

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At the end of the day it is all about the end of the day. While oil prices trade below $40 a barrel in crisis market price levels its taking its cue from the beleaguered stock market that can’t hang onto a rally. The world was looking to the U.S. markets to lead the globe [...]

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By Kelly Gilblom | BloombergBusiness Natural gas futures gained the most in four days, rebounding from an 11-week low Monday amid a global rout in commodities, as rising temperatures may spur demand from power plants. Temperatures in New York may reach 89 degrees Fahrenheit (32 degrees Celsius) on Saturday, 8 above normal, according to AccuWeather [...]

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In the aftermath of the biggest point drop opening in the history of the stock market open oil today is battling back. As European and U.S. stock markets even as china and Japan markets fall the oil market is trying to make a run higher and get out of the $30 handle danger zone. Now [...]

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Oil falls below $40 a barrel

On August 24, 2015 - 5:44 PM By

Paul Davidson | USA TODAY U.S. oil prices followed stocks lower Monday, sliding nearly 6% and closing below $40 a barrel for the first time since February 2009. West Texas Intermediate, the U.S. benchmark, slipped $2.21 to close at $38.24 a barrel. Brent, the international benchmark, tumbled 6.1% to settle at $42.69, dropping below $43 [...]

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By Christine Buurma | BloombergBusiness Natural gas futures traded near an 11-week low on forecasts for cooler weather that would limit power demand in the last weeks of summer. Temperatures may be mostly average or below normal in the lower 48 states through Aug. 28, according to Commodity Weather Group LLC in Bethesda, Maryland. The [...]

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Crisis Levels. The Energy Report 8/24/15

On August 24, 2015 - 7:13 AM By

Oil prices fall below $40 a barrel signaling that not all is well with the global economy. In a global equity market rout, fear trading has taken hold as traders run to the safe haven of bonds and run from just about everything else. An 8.5% decline on the Shanghai Composite Index is raising fears [...]

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$40 or Bust. The Energy Report 8/21/15

On August 21, 2015 - 7:01 AM By

Oil prices fight to hold $40 a barrel, a level if breeched would more than likely say bad things about the health of the global economy. While there is no doubt that part of the recent sell-off in oil is a production story, the real momentum behind this sell-off are real concerns about demand destruction [...]

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PRICE Links Video Series | Commodity Bottom, Currency War & Godzilla El Niño! With Steve Meyers.
Senior Analyst Phil Flynn discusses a potential commodity bottom, the currency war & Godzilla El Niño! With fellow Price Group analyst Steve Meyers. [PRICE Links Video]
Recorded 8/19/2015
Past performance is not indicative of [...]

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Wash Out. The Energy Report 8/20/15

On August 20, 2015 - 7:00 AM By

Oil prices wash out after the Energy Information Administration (EIA) shows a surprise drop in refinery runs and a lower forecast from that seems to suggest that the pain in the oil market may not be over. The EIA says that “Amid high uncertainty in the global oil market, EIA has lowered crude oil price [...]

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With The BP Whiting Indiana refiner down for the count it seems other refineries may put off maintenance to try to fill that void. Barbara, of Bloomberg News, says that “At least one Midwestern refinery is said to be considering a delay in maintenance work after a slowdown at BP Plc’s plant near Chicago sent [...]

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