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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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Oil Ends the Day Higher

On June 20, 2016 - 4:03 PM By

By George Orwel, DTN Energy Report | NEW YORK (DTN) — New York Mercantile Exchange oil futures ended higher Monday afternoon as easing fear over an exit by Britain from the European Union pressed the dollar sharply lower. “The Brexit issue was a big part of the reason we have risk-on trade today because there […]

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Fox Business Video | U.K. vote worries hit stocks Rhino Trading Partners’ Michael Block and Price Futures Group Senior Analyst Phil Flynn on whether investors should continue seeking a safe haven as global tensions worry investors. Watch the latest video at video.foxbusiness.com   http://www.foxbusiness.com/markets/2016/06/16/gold-boosted-bond-yields-drop-on-brexit-vote-fears.html

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By Sumit Roy, ETF.com | Interview: Phil Flynn is senior energy analyst and a futures account executive at Chicago-based The Price Futures Group. He is one of the world’s leading energy market analysts and a daily contributor to Fox Business Network, where he provides market updates and analysis. Flynn recently sat down with ETF.com to […]

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BY DEVIKA KRISHNA KUMAR AND AMANDA COOPER, Reuters | Oil prices fell for a fourth straight day on Tuesday, swept lower by investor nervousness over Britain’s vote next week on whether to leave the European Union, which overshadowed signs of a return to health for crude markets. Safe-haven German Bund yields DE10YT=RR fell below zero […]

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Oil Prices Decline as Dollar Strengthens

On June 14, 2016 - 10:50 AM By

By NICOLE FRIEDMAN, The Wall Street Journal | Growing possibility the U.K. might leave the European Union has rattled global markets, weighing on riskier assets like commodities. Oil prices fell for a fourth straight session Tuesday as the dollar strengthened and concerns about ample global supplies persisted. U.S. crude for July delivery recently fell 38 […]

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Myra P. Saefong, MarketWatch | U.S. oil-rig counts up a second-straight week Oil futures finished at their lowest level in a week on Monday, as an increase in the number of active U.S. oil-drilling rigs pointed to a possible uptick in production. Recently weak economic data and the coming Brexit vote in the U.K. and […]

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By Myra P. Saefong, MarketWatch | Coal substitution, weather worries could spur further gains Natural gas is elbowing coal aside when it comes to cooling the U.S. Combined with weather worries, that could allow the commodity to build on gains that propelled it to its highest close in more than seven months. July natural gas […]

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By Barani Krishnan, Reuters via dailymail.com | Oil prices were down slightly on Wednesday, erasing most of the day’s losses after OPEC sources said the group was likely to consider a new output ceiling at its forthcoming meeting. Reuters cited four OPEC sources as saying the Organization of the Petroleum Exporting Countries was likely to […]

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Benjamin Storrow, Casper Star Tribune | Wyoming’s oilmen have a new wind at their back. After wallowing in the doldrums for nearly two years, crude oil is hovering around $50 a barrel, the price where drilling starts to become profitable. Local CEOs are finalizing permits, reassessing drilling plans and readying teams to complete an inventory […]

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By Myra P. Saefong | MarketWatch | Traders ponder potential output spike, but the Fed’s a concern too Fifty dollars a barrel isn’t a magic price that will send oil producers scrambling to ramp up output, but a move above that level could offer just the added excuse the U.S. Federal Reserve needs to raise […]

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WSJ Podasts | What’s News w/John Wordock | Crude futures have hit their highest level in six months, topping $50 a barrel. Phil Flynn, senior market analyst at the Price Futures Group, sees oil prices heading even higher this summer. Podcast: http://www.wsj.com/podcasts/with-oil-at-50-flynn-sees-60-by-july-fourth/8B9A3EF5-48A0-4F1B-8420-3901B5EA28DD.html  

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