Phil Flynn Quotes
Every time we get some good news, we get bad news. Right now, a very good target for crude oil is $75. - Phil Flynn
Even with record storage, another active hurricane season could leave us vulnerable if we get a long, hot summer.
- Phil Flynn
Even though the overall number looked good, a lot of the supply was on the West Coast.
- Phil Flynn
Even though the forecasts are turning colder, traders are already thinking about spring. The market is saying we think the winter is pretty much over given the supplies that we have.
- Phil Flynn
Despite the efforts to avert a crisis the market seems unconvinced that it's unlikely that we can have an outcome that won't affect the price of oil.
- Phil Flynn
Demand is starting to improve and distillate supplies continue to fall. It will have to get cold at some point and we will be in trouble.
- Phil Flynn
Demand for gas is outstripping expectations and the question is how storage will fare as it appears we will be drawing on it much earlier than normal.
- Phil Flynn
Crude was moving higher but was unable to take out $68. When gasoline Plunged, the oil market began to retreat.
- Phil Flynn
Consumers have been given an economic boost with no astronomical heating bills to pay. We know this fact has been the main reason energy prices have stayed somewhat grounded and have fallen short of bullish expectations.
- Phil Flynn
Closing above $42 is scary. It has a clear path to the next level, which is $44 a barrel.
- Phil Flynn
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