Currently viewing the tag: "Phil Flynn"

  Shamrocks for Mercy Boys & Girls Home! PRICE Futures Group’s Senior Analyst Phil Flynn takes a moment away from futures to talk with Patrick Zamkin about the good work being done at Mercy Home Chicago. [PRICE Links Video] Recorded 2/27/2015 Past performance is not indicative of futures results. Futures and options trading involves substantial [...]

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Why oil prices move up and down so much

On February 27, 2015 - 10:00 AM By

By Dan Weissmann | MarketPlace Economy | On Wednesday, the U.S. Energy Information Administration reported that oil inventories are at historic highs — we’re running out of places to put the stuff. So, why, did oil prices… rise? And then, why did they fall again the next day? A lot of factors can move the price of oil [...]

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Oil Storage Wars. The Energy Report 2/27/15

On February 27, 2015 - 7:15 AM By

Ultra oil bears have been basing their predictions on many things but first and foremost they are betting on sharply lower prices because they believe oil storage will soon be filled. They say at that point oil producers will have to dump oil at any price just to get rid of it causing another sharp [...]

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Oil, jet fuel, gasoline and copper demand is showing signs of coming back from the dead as low prices and global central bank easing is putting bullish life in these former bear markets. Oils strong rally, even in the face of 8.4 million barrel build in the Energy Information Administration (EIA), should put the bears [...]

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Oil Prices Gain on Demand Expectations

On February 25, 2015 - 12:07 PM By

By NICOLE FRIEDMAN | The Wall Street Journal | Oil futures turned higher Wednesday, as traders overlooked record-high U.S. inventories to focus on signs of improving demand. Light, sweet oil for April delivery traded up 42 cents, or 0.9%, at $49.70 a barrel on the New York Mercantile Exchange. U.S. crude-oil stockpiles rose for the [...]

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Crude Oil Falls More Ahead Of Supplies Report

On February 25, 2015 - 10:27 AM By

By Bloomberg News Via Investor’s Business Daily | Oil slid for a fifth day in New York, the longest losing streak since August, before U.S. government data forecast to show crude inventories expanded from a record high. Crude stockpiles probably increased by 4 million barrels last week, a Bloomberg News survey showed before an Energy Information Administration [...]

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China Expanding. The Energy Report 2/25/15

On February 25, 2015 - 7:38 AM By

A surprise on Chinese manufacturing and a smaller than expected increase in Cushing oil supply is giving oil a reason to believe. Perhaps with the increase in China’s manufacturing data may be an early sign that massive economic stimulus could improve the demand prospects for oil. Saudi Arabia says demand is growing so it is [...]

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Oil Prices Slip on Unexpected Supply Increase

On February 24, 2015 - 5:04 PM By

Reuters Via Fox Business | Oil prices slipped on Tuesday as traders fretted about the unrelenting growth in U.S. crude stockpiles. Analysts expect inventories to rise for a seventh straight week, extending their already record level. U.S. oil supplies likely rose by 4.7 million barrels last week, according to the consensus average forecast of 11 [...]

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Debate On Crude-Oil Price Direction Continues

On February 24, 2015 - 5:02 PM By

By Debbie Carlson | OptionsCity | Debate regarding whether or not crude-oil prices have bottomed continues in the market, but the one thing is certain, prices are volatile. Oil prices sharp slide through the end of 2014 continued into 2015, touching a low of just under $44 a barrel for Nymex West Texas Intermediate in [...]

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While the oil market seems focused on the short term impact of over supply the real story may be the impact of easing down the road. Central bank stimulus and low prices are already showing an uptick in demand response and we know from history that global central bank easing is always bullish for oil [...]

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Traders Bet Oil Price Will Rise, or Fall

On February 23, 2015 - 11:25 AM By

By Randy Leonard | Roll Call Blog |  As they have been since oil prices started falling in the summer, Wall Street speculators are looking for the bottom of the market. Following several weeks of generally higher spot prices for U.S. crude and more announcements of plans to curtail drilling, traders are again wagering that [...]

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Rig Time. The Energy Report 2/23/15

On February 23, 2015 - 7:36 AM By

The focus on the U.S. rig counts is intense as ever. Traders who never really cared about rig counts are now focusing on them more closely.  U.S. rig counts kept falling last week at a record pace but the drop off was not as deep as some traders expected. The count fell by 48 units [...]

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