Currently viewing the tag: "Phil Flynn"

By The Associated Press via ABC News | The price of oil rose sharply on Thursday as mounting tensions in Yemen got traders worried that the flow of crude from the Persian Gulf region could be disrupted. Saudi Arabia and other Gulf states launched strikes on key military installations in Yemen. They aim to oust Shiite [...]

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No Nukes? The Energy Report 3/27/15

On March 27, 2015 - 7:27 AM By

One of the next critical issues for oil will be whether or not the world will lift sanctions on the Iranian regime. The reason it is so critical is that while Iran has been thwarted from selling its oil, once the sanctions are lifted the market has been pricing in a quick return of Iranian [...]

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Remember those predictions of $20 a barrel oil and $10 a barrel oil? Forget about it! Oil prices have turned the corner after Saudi Arabia launched airstrikes against Iranian backed Shiite rebels putting about 3.5 million barrels of oil exports at risk. Remember hopes that we would get a deal to lift sanctions on Iran [...]

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Oil is dollar dazed and confused as it tries to determine whether it should focus on current oversupply, the dollar, or the prospect of better demand in Europe after more strong data out of Germany. Brent crude has additional challenges as it tries to assess rising geo-political risk. The latest worry is the President of [...]

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Ultra bears are starting to change their tune on oil as weak Chinese manufacturing data and strong manufacturing data in Germany both point to better demand. China’s demand may rise as the Chinese government will be forced to act swiftly to reach their growth target and should soon add stimulus increasing oil demand. Factory activity [...]

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Oil Prices are falling in part because of comments from Saudi Araba and partly because they really have nothing much else to do. Saudi Arabia is pumping over 10 million barrels of oil a day and says that they will not cut production unless other producers do so as well.  Saudi oil minister Ali al-Naimi [...]

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March Madness. The Energy Report 3/20/15

On March 20, 2015 - 7:40 AM By

We are now into March Madness.  Not the basketball thing but refinery maintence season when refiners are retooling and get ready for the upcoming summer driving season and rebuilding those much beloved summer time blends of gasoline. It is also the time that both oil and gas prices bottom from a seasonal perspective so if [...]

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You can’t fight the Fed even as oil supply rises to an all-time high. Federal Reserve Chairperson Janet Yellen rocked king dollar and just because the Fed dropped the word patience, as Janet says, does not mean that they are going to be impatient.  If the Fed backs off the perception of a rate increase [...]

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By CHRIS ARNOLD | KTEP.org It’s not just Benjamin Netanyahu and other world leaders who are scrutinizing the Iran negotiations. Oil traders are, too. That’s because there’s already an oil glut, and an Iran deal could lift sanctions and mean even more oil. “Even the thought that Iranian oil could be unleashed on the global [...]

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Mar. 18, 2015 – 0:59 – Fox News Contributor Phil Flynn of Price Futures Group discusses why oil continues to selloff. Watch the latest video at video.foxbusiness.com http://video.foxbusiness.com/v/4119907870001  

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Oil faces at 7-session losing streak

On March 18, 2015 - 10:35 AM By

Myra P. Saefong | MarketWatch West Texas Intermediate crude futures were ready to log a seventh straight session of losses on Wednesday, with prices posting fresh six-year lows on mounting worries over rising supplies. April crude CLJ5, -2.83%  slumped $1.31, or 3%, to $42.15 a barrel on the New York Mercantile Exchange, adding to a [...]

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Concerns over the Fed [Fox Business Video]

On March 18, 2015 - 10:21 AM By

Mar. 17, 2015 – 5:07 – Susan Wachter of The Wharton School of Business, Andy Richman of SunTrust Private Wealth, Teddy Weisberg of Seaport Securities and FBN Contributor Phil Flynn of Price Futures Group discuss their outlook for the Fed. Watch the latest video at video.foxbusiness.com http://video.foxbusiness.com/v/4117181123001  

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