Phil Flynn

Energy and General Market Analyst

Follow this author / Biography / Contact

The Energy Report Friday, November 6, 2009

As central bankers and energy traders around the world await today's jobs report, employers are wondering just how much blood you can squeeze out of a turnip. The turnips are getting major league squeezed as third quarter productivity surged to an annual rate of 9.5%. That follows the second quarter... (Nov 06, 2009 10:15AM)

The Energy Report for Thursday, November 5, 2009

Carry on my carry trade. We'll be in pieces when it's done. Put all your bearish thoughts to rest; don't you sell no more. The Fed use to rise above the noise and confusion and give us a glimpse beyond the illusion. Yet gold was soaring ever higher and it flew to a high. The threat of bubbles was cl... (Nov 05, 2009 9:39AM)

The Energy Report Wednesday November 4, 2009

What does India's huge central bank gold purchase say about the state of the oil market? Probably a lot more than many people realize as the price oil is dollar dependant and the dollar just got disrespected by India's Central Bank. The oil had another wild day breaking before rallying back on stron... (Nov 04, 2009 10:30AM)

The Energy Report for Tuesday, November 3, 2009

Holy manufacturing smoke! The ISM blew away expectations and almost took oil out of its pre-Fed apathy by posting a 55.7% expansion which was the best since April 2006. The production index also soared to a five year high as well in a broad based recovery that transcended even the cash for clunkers ... (Nov 03, 2009 9:32AM)

The Energy Report for Monday, November 2, 2009

Bubbles and rubble, toil and trouble, the market place started to worry about bubbles as we head into Fed week. Last week the petroleum complex swung wildly back and forth in the same old range and is rallying again but could the larger macroeconomic forces at some point get us out of this range? (Nov 02, 2009 10:05AM)

The Energy Report for Friday, October 30, 2009

They did the mash! They did the market mash! The market mash, it was a GDP smash! They did the mash and it made the dollar crash! They did the mash and it's time to party because the recession is over! (Oct 30, 2009 9:07AM)

The Energy Report for Thursday, October 29 2009

The combination of two rare occurrences helped send the energy complex falling. The dollar actually got stronger and gasoline supplies increased! Yes, that can actually happen! I know, I was amazed myself. (Oct 29, 2009 9:27AM)

The Energy Report for Wednesday, October 28, 2009

A slight rebound in the dollar and a rebounding stock market has the oil market lacking conviction. While in the big picture the bulls still have the upper hand, the conviction to drive oil to the upper end of the trading range is lacking. Yesterday oil seemed to show strength in spite of a firm dol... (Oct 28, 2009 9:21AM)

The Energy Report for Monday, October 26, 2009

Is $80.00 a barrel just too high? Oil prices are settling back again as more and more market participants wonder if $80.00 a barrel is sustainable. Last week OPEC said that an increase in oil production may depend on whether prices remain at the $75.00 to $80.00 per barrel area, stock piles return t... (Oct 26, 2009 9:50AM)

The Energy Report for Friday, October 23, 2009

When did the US dollar become the Rodney Dangerfield of global currencies? Maybe Gisele was right about wanting to be paid in euros after all. The once mighty greenback continues to lose ground and respect. Things are getting so bad that if you dropped a dollar in a sandbox a cat would bury it. ... (Oct 23, 2009 9:48AM)

The Energy Report for Thursday, October 22, 2009

I am trying to figure out who is getting beat up worse, the refiners or the dollar. The smack down on refiners and the dollar send oil on another bullish adventure as commodity price inflation starts to show its adverse economic effects. Refiners for the second week in a row kept refinery runs at hi... (Oct 22, 2009 11:24AM)

The Energy Report for Wednesday, October 21, 2009

Is $80.00 the magic number that breaks the back of the fermenting economic recovery? Is eighty dollars a price or just a destination? Well yesterday it looked more like a destination as the front month oil contract hit $80 a barrel on the last trading day of the November contract before it retreated... (Oct 21, 2009 11:06AM)