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By Phil Flynn |
May 2, 2013
The Energy Information Agency shocked the market by reporting that U.S. Crude supply increased by 6.7 million barrels putting supply at the highest level in 82 years. So much for that uptick in gasoline demand.
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By Phil Flynn |
April 29, 2013
The oil market is getting a stimulating start as oil traders look to the ECB to give the trade a boost. Add a dash of stimulus and we see oil near a two week high.
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By Phil Flynn |
April 26, 2013
A sharp jump in gasoline demand this week and a report questioning North Sea output put petros in rally mode.
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By Phil Flynn |
April 17, 2013
Oil Prices look like they found support around $86.00 as I expected. After the massive sell-off because of the fears of a global slowdown and massive U.S. supply, oil could start rebounding on the more mundane seasonal and refinery factors.
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By Phil Flynn |
April 16, 2013
Oil seems to be trying to find its bottom near $86.00 but it is far from solid. We should see a lot of volatility, but we should try to hold near $86.00 as a bottom.
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By Phil Flynn |
April 9, 2013
The substitution of natural gas for oil and increasing fuel economy means that oil demand is reaching a tipping point and that "The end is Nigh” for global oil demand growth.
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By Phil Flynn |
March 28, 2013
It is absolutely amazing the way the energy world has been transformed in recent years — so much so that many are calling for the End of An Era for oil because of natural gas.
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By Phil Flynn |
March 26, 2013
Oil prices as well as other markets are riding the wave of emotions as the markets try to figure out if the Cyprus bailout is a good or bad thing. Bailouts are bullish and the market acted accordingly.
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By Phil Flynn |
March 11, 2013
After a late spike on Friday afternoon and more follow through this morning, RBOB futures are rebounding like crazy. Refiners are drawing down winter blend inventories and supply is falling.
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By Phil Flynn |
December 19, 2012
Oil prices started to round off at the lower end of the trading range and started to make a decisive move higher just as Crude option volatility hits a low for the year.
