Currently viewing the tag: "Phil Flynn"

[Myra Saefong, MarketWatch] Disruptions in Libya add further support to oil. Oil prices rallied Wednesday, settling at their highest level in roughly three weeks after data from the Energy Information Administration showed a weekly rise in U.S. crude inventories that was below some market forecasts, along with bigger-than-expected declines in gasoline and distillate stockpiles. Disruptions […]

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[Daniel J. Graeber, UPI] Brexit concerns, U.S. oil inventories and production problems for OPEC members are all in play, according to market analysts. Traders shrugged off data indicating supply-side strains to focus more on lower production from OPEC members, sending oil prices higher early Wednesday. Crude oil prices posted gains Tuesday after a review of […]

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Oil prices are on the rise as Libya’s state-run National Oil Corp. declares a force majeure on loadings of Sharara crude from the Zawiya oil terminal and on loadings of Wafa field condensate from the Mellitah terminal and drop-in oil inventory at the Cushing, Oklahoma NYMEX delivery point. That was the first drop in five […]

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[Myra Saefong, MarketWatch] Oil prices climbed Tuesday, buoyed by disruptions to Libyan crude production and talk of a six-month extension to an OPEC-led pact to limit global output. May West Texas Intermediate crude oil CLK7, +1.93% —the U.S. benchmark—traded 43 cents, or 0.9%, higher at $48.16 a barrel on the New York Mercantile Exchange, after […]

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Dove. The Energy Report 03/28/17

On March 28, 2017 - 7:54 AM By

Dovish comments from the Chicago Fed President Charles Evans, give oil a bit of a boost offsetting worries about President Trump’s failed Healthcare Reform Act vote. The Fed may have President Trumps back. After speaking at a conference in Madrid, Spain, the Chicago Fed president signaled that perhaps the Fed might not raise rates as […]

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Help Support Man’s Best Friend!

On March 27, 2017 - 4:31 PM By

[PRICE Links Video] Phil Flynn chats with Cathy Stein, Director of Training at Lincolnwood Training Club, about the risks being taken by service German Shepherds in the line of duty and how you can help protect them through charity by helping purchase protective vests. Futures and options trading involves substantial risk of loss and may […]

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A new dawn is breaking in the old OPEC cartel and it is a reminder that this is not the same cartel of just a few years ago. Instead of infighting and name calling, there is cooperation and order and that is why OPEC and non-OPEC will secure an extension of the OPEC production cuts. […]

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Oil prices sold off after the Trump Administration did not close the deal on the American Healthcare Act and delayed the vote until today. Oil today is bouncing back on growing expectations that OPEC will lay the groundwork for an extension of production cuts this Sunday at its technical meeting in Kuwait. OPEC has ridden […]

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[Daniel J. Graeber, UPI] Crude oil prices drifted lower in early Thursday trading as investors remained cautious about U.S. economic trajectory ahead of a pivotal vote on health insurance. Crude oil prices faced lingering pressure in the previous session on signs of ongoing supply-side pressures despite efforts by the Organization of Petroleum Exporting Countries to […]

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Crude oil prices recovered after another shocking increase in oil inventory after traders started to focus on the fact that refiners are beginning the long road out of seasonal maintenance. The 5.0-million-barrel crude supply increase was driven by a huge 902,000-barrel increase in crude imports mainly from Canada of all places and a slight 20,000 […]

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[Myra P. Saefong and Victor Reklaitis, MarketWatch via Morningstar] EIA data show hefty rise in U.S. crude, drop in gasoline supplies Oil prices on Wednesday finished lower as U.S. government data showed crude stockpiles at a record, but a larger-than-expected decline in gasoline inventories capped losses. Expectations of higher demand for gasoline during the summer […]

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[By Daniel J. Graeber, UPI] The price for Brent crude oil is threatening to dip below the psychological level of $50 per barrel. March 22 (UPI) — Questions about Trump-era economic trends and concerns about a glut of oil in the market pushed crude oil prices sharply lower in early Wednesday trading. S&P Global Platts […]

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