Currently viewing the category: "Phil Flynn Energy Report"

Despite new covid cases and a Chinese trade war scare from White House Economic Advisor Peter Navarro, oil keeps rolling along. The strength in the […]

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U.S. stocks are rising as fears that a step backward when it comes to the war against the coronavirus seems to be easing, but movement […]

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Fears about a resurgence of the coronavirus are taking a backseat to continued signs of rapidly improving demand and a commitment by OPEC cheaters to […]

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Coronavirus fears overshadowed yesterday’s very supportive Energy Information Administration (EIA) status report. Ten U.S. states saw a record number of new Covid-19 cases this week […]

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Petroleum inventories are shifting surprisingly, at least according to the American Petroleum Institute. As we expected, crude supplies increased by a huge 3.857 million barrels. […]

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While the International Energy Agency (IEA) is grabbing headlines by saying that the global demand for oil might not recover until 2022, the news in […]

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Sunday night is always a good time for markets to overreact after a pause in global trading. A wave of selling of oil and stocks […]

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The oil market faced its greatest fear, a second wave of the coronavirus. The second wave fears crushed the stock market beyond reason or common […]

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The Wave. The Energy Report 06/11/2020

On June 11, 2020 - 7:32 AM By

Oil prices are taking a hit overnight on fears of a second wave of the coronavirus. Reports of a jump in cases in Florida, Texas, […]

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Oil prices are lower as those fabled Saudi oil tankers that were in ports, continue to offload those supplies. The American Petroleum Institute reports showed […]

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Oil prices are retreating on general risk-off sentiment. There was some disappointment that Saudi Arabia does not plan to extend its voluntary production cuts of […]

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Has $40.00 a barrel oil ever felt so good? WTI breached that historically and economically critical level as we saw a combination of events drive […]

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