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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 5, 2013
The day after a wildly bearish Energy Information Administration supply report showed that crude supplies are at the highest level for this time of year in 82 years, central banks and economic data in U.S. piled on to one of the most significant sell-off events this year.
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By Phil Flynn |
March 7, 2013
Oil prices fall as U.S. oil supply rises to a record for as long as the Energy Information Administration has been keeping records. You have to go back almost 70 years to find a time when energy supplies were this high at this time of year.
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By Phil Flynn |
January 11, 2013
Get ready for a new dynamic in today’s energy trade. In a major shift, the USDA, the NASS and WAOB will begin issuing its major USDA statistical reports at 11:00am CST. For ethanol and corn traders, this is the most notorious report of the year!
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By Phil Flynn |
January 4, 2013
So much for Federal Reserve transparency, it is very clear after the release of the Fed minutes that the Federal Reserve either misled the market after the last Fed meeting or there is something more sinister going on.
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By Phil Flynn |
December 11, 2012
The Federal Reserve starts a two day meeting today and OPEC is flying to Vienna to start jawboning ahead of their official meeting tomorrow. One is important for oil traders and one is not.
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By Phil Flynn |
November 15, 2012
Oil prices that have been wafting in a sea of economic uncertainty rocketed yesterday on reports of an Israeli rocket attack that killed a top Hamas military leader.
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By Phil Flynn |
September 18, 2012
While oil’s big surprise move was made on light, holiday volume and during the last hour of options expiration, just looking at the charts, it is possible that the move could be a technical game changer.
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By Phil Flynn |
September 13, 2012
The bar has been raised and now it is up to the Federal Reserve to meet or exceed expectations. Many in the marketplace feel that some form of quantitative easing may be in the market.
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By Phil Flynn |
September 7, 2012
About an hour before the pit session closed yesterday, a story circulated that there was going to be a release of oil from the Strategic Oil Reserve this weekend and that started the big sell-off.
