Posts by: Phil Flynn
Oil Prices are giving up gains and turned lower after Apple will miss its second-quarter forecast for revenue. They pointed to supply issues for iPhones and […]
Continue Reading →Oil bulls are buying Valentines and buying back into oil. Shorts are running for cover as estimates of oil demand destruction are coming in lower […]
Continue Reading →Markets are back on the defensive after a risk-on day. The main reason is the numbers game. The number of reported cases of the novel […]
Continue Reading →Oil funds started to pile on to the short side of crude after more than a 20% drop as they all of a sudden realized […]
Continue Reading →Oil is coming back in a classic turnaround Tuesday fashion as the market is starting to realize that a 22% correction in the price might […]
Continue Reading →So much for the “emergency” OPEC plus meeting. The cartel can’t seem to get Russia to believe there is an oil oversupply emergency even after […]
Continue Reading →Oil prices can’t shake the coronavirus. Oil prices are weaker even after OPEC got Russia to finally agree to a production cut. Reuters reported that […]
Continue Reading →The oil price was surging on reports that the coronavirus might not be as deadly as feared, and a vaccine may be on the way, […]
Continue Reading →The OPEC technical meeting disappointed oil traders because OPEC and Russia failed to announce a real number on its expected production cut. Yet that may […]
Continue Reading →The World Health Organization (WHO) says that there is no pandemic when it comes to the coronavirus. There may be no pandemic in global stock […]
Continue Reading →Massive amounts of Chinese stimulus into the system and talk that Saudi Arabia is mulling a temporary one million barrel a day production cut is […]
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Oil Things Going On. The Energy Report 02/19/2020
Other things are going on in the oil market other than demand destruction from the coronavirus. Oil is shaking off coronavirus fears and focusing on […]
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