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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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By Myra P. Saefong | MarketWatch The U.S. Energy Department plans to buy up to five million barrels of crude oil for the Strategic Petroleum Reserve, a government spokeswoman confirmed to MarketWatch on Friday. The news couldn’t have come at a better time. With crude prices down roughly 15% year to date, the government would [...]

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by Lynn Doan & Barbara Powell | BloombergBusiness The United Steelworkers union representing 30,000 U.S. oil workers reached a tentative deal on a four-year contract with Royal Dutch Shell Plc, potentially ending a nationwide strike that has lasted for over a month. The proposed deal includes annual wage increases and maintains the cost-sharing ratio of [...]

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BY PENNYSTOCK CHRONICLE via Investor Wired Transports benefit from continued low oil prices because “even if prices do their normal seasonal run, it’s going to be cheaper than a year ago,” said Phil Flynn, energy market analyst at Price Futures Group. Oil futures extended losses on Wednesday after government data showed U.S. commercial crude inventories [...]

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Hosted by William Watts | MarketWatch Can the U.S. shale-oil industry survive what appears to be a full-on price war? Saudi Arabia and OPEC refuse to let up on oil production, while proclaiming the need for non-OPEC producers to bear the burden of rebalancing supply and demand. Meanwhile, rig counts in the U.S. are falling, but oil [...]

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US refined products futures fell on Tuesday as slumping Brent crude prices weighed on the oil complex and a surging dollar helped provide pressure, brokers and analysts said. U.S. April RBOB gasoline futures were off 5.38 cents, or 2.87 percent, at $1.8209 a gallon at 12:49 p.m. EDT (1649 GMT), having slipped as low as [...]

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By Myra P. Saefong | MarketWatch America’s shale boom is finally showing some real signs of cracking under the pressure of plummeting oil prices. Shale-oil production in the U.S. is expected to see a net increase of only 1,000 barrels per day in April, compared with March, according to the latest Drilling Productivity Report from [...]

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MGEX Crop Report Conference Call

On March 10, 2015 - 1:07 PM By

@MGEX1 on Twitter | Listen to a recording of today’s MGEX Crop Report Call, with commentary provided by Jack Scoville of Price Futures Group: Listen Here: bit.ly/1Go7sIw  

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Meet the newest crude-oil futures contract

On March 10, 2015 - 10:47 AM By

MarketWatch via Hellenic Shipping News | There’s a new entrant in the crude-oil game. A new futures contract based on crude-oil storage capacity at the Gulf Coast will give the oil markets a new way to measure U.S. and global oil demand. As space to store crude oil in the U.S. shrinks, the CME Group [...]

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