Currently viewing the tag: "Phil Flynn"

What Brexit? The Energy Report 06/29/16

On June 29, 2016 - 7:59 AM By

It looks like global markets want to put Brexit behind them. Yet despite a significant rebound, the bond yields and the gold market suggests we have not had the last panic on Brexit just yet. On one hand the rise in gold and the drop in global security yields seem to suggest that there is […]

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Myra P. Saefong & Sara Sjolin, MarketWatch. Oil futures finished higher for the first time in three sessions on Tuesday, rebounding from a Brexit-fueled selloff that sent crude futures to a seven-week low on concerns of a slowdown in the global economy. The threat of a union strike by Norwegian oil-and-gas workers and weakness in […]

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After the Brexit bash, global markets are trying to steady themselves as the historic shock waves of the Brexit vote will continue to cause unease in global markets. The fact that Brexit will actually happen anytime soon is allowing the market to try to act more normal even as everything in the world has changed. […]

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Oil Open Lower in Early Trade

On June 27, 2016 - 3:28 PM By

George Orwel , DTN Energy Reporter New York Mercantile Exchange oil futures opened lower Monday morning, pressured by a strong U.S. dollar as traders absorbed last week’s historic vote by the United Kingdom to quit the European Union. The U.S. dollar gave up some gains overnight but remained near a three-month high posted on Friday […]

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By Myra P. Saefong & Mark DeCambre, MarketWatch | Oil futures traded sharply lower Monday, erasing earlier gains, as investors worried about global energy demand and shunned assets perceived as risky in the aftermath of the U.K.’s unexpected decision to leave the European Union. Aftershocks of the so-called Brexit decision, or British exit from the […]

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Fox Busines, Mornings with Maria | PRICE Futures Group’s Phil Flynn on the impact of Brexit on the oil market. Watch the latest video at video.foxbusiness.com http://video.foxbusiness.com/v/4996664959001/will-brexit-weigh-on-demand-for-oil/?#sp=show-clips  

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By Benjamin Storrow, Casper Star Tribune| Arch Coal could afford secured financing to cover its reclamation obligations in Wyoming, the company wrote in a recent court filing. The statement represents a reversal for the bankrupt coal company, which has previously maintained it lacked the financial ability to replace $485 million in unsecured reclamation liabilities with […]

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Regrets? They Have a few? The hangover continues from the Brexit vote and global markets have a headache. While crude oil is trying to shake off the Brexit shock, it is having a hard time even though the supply and demand fundamentals are much tighter right now than almost anyone could have predicted. With falling […]

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Brexit Bash. The Energy Report 06/24/16

On June 24, 2016 - 8:02 AM By

Oil prices got bashed as the UK shocked the world by voting to leave the EU. The bookies had it wrong and the reverberations were felt around the world.  Gold surged to a 2 year high. The Dollar had the biggest one day up move since the Iranian revolution in 1978. And oil tanked as […]

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Oil prices sold off on Brexit fears and discrepancies on total oil supply between the Energy Information Administration Supply Report (EIA) and the American Petroleum Institute (API) report. This happened despite falling U.S. oil production and record breaking gasoline demand. The EIA reported crude oil fell by only 900,000 barrel last week. That was a […]

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Morning Softs. 06/22/16

On June 22, 2016 - 9:10 AM By

COTTON
General Comments: Cotton closed lower on better tan expected crop condition ratings from USDA. The hot and dry weather has not affected the Morning Softs crops much year. Deliveries are just a round the corner Deliveries could be bigger as the deliverable stocks keep getting bigger. Cotton is a hearty crop, but the […]

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Bloomberg via Financial Review | Oil dropped from the highest close in more than a week as markets awaited US stockpile data, while the UK referendum on European Union membership remained too close to call. Futures slid 1.1 per cent in New York after settling at the highest level since June 9 on Monday. US crude inventories […]

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