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By Phil Flynn |
July 19, 2012
A terrorist act in Bulgaria and a bombing in Syria turned an oil market that had an upward bias into what could be a full scale upward breakout.
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By Phil Flynn |
June 7, 2012
The oil market of course knows that QE is bullish. Not only does it break the dollar, making oil more expensive, but it should be as stimulative to the economy as an interest rate cut increasing demand.
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By Phil Flynn |
June 6, 2012
While Europe may debate the merits of fracking, the U.S. with its increase in unconventional supply will now be less impacted by another far off energy cartel.
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By Phil Flynn |
May 29, 2012
As oil in recent weeks gave into the weight of overwhelming supply, it now will find support from rising risk. A massacre in Syria and the perception that Iranian nuclear talks will fail has added a risk dynamic.
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By Phil Flynn |
May 7, 2012
The oil market, already reeling from the weak jobs report, sold off more on fears that uncertainty in Europe will hurt demand. Perhaps more spending by France will help demand but at first glance, the market is not buying that argument.
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By Phil Flynn |
May 1, 2012
Oil continues in a tight range with a slight upside bias. Swing trades should be considered. The dollar has been the main determining factor for oil as the balance between oversupply vs. geopolitical risk seems to be priced in.
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By Phil Flynn |
April 24, 2012
Natural gas pops on a last blast of snow and cold at the end of April. A nor’easter seemed to give natural gas bulls hope that perhaps a bottom may be in for natural gas or perhaps it is just a snow job.
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By Phil Flynn |
April 13, 2012
The natural gas market kind of acted like a North Korean rocket yesterday. It had an initial boost only to fail miserably a short time later.
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By Phil Flynn |
April 11, 2012
The EIA dramatically lowered their second-quarter average Henry Hub spot price prediction by 28.9% to $2.20 per million BTU’s. That is down from last month’s $3.10 prediction.
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By Phil Flynn |
March 28, 2012
Natural gas hit a decade low and shows us once again the cyclical nature of commodities. Back in 2002, the last time natural gas was this low, the market was still trying to come to grips with the post 9-11 slowdown.
