Wall Street Journal

Shaking your beliefs

By Phil Flynn | September 17, 2015

The day after crude oil prices rose almost 5% the dogma of the dollar versus oil inverse relationship has come to a screeching halt ahead of the most exciting FOMC meetings in a decade. As the Fed moves closer to raising interest rates and getting closer to a normalization of interest rate policy the correlation between the dollar and oil is breaking down.

Cushing crush

By Phil Flynn | September 15, 2015

U.S. crude oil production may be falling faster than many had thought and we are seeing signs of that in Cushing, Okla. Cushing is the Nymex delivery point and a storage facility that if you listened to the Ultra Bears was supposed to be overflowing with oil. Instead the opposite is happening as supply there have fallen five out of the last seven weeks and is slated to fall once again.

Ships that pass in the night

By Phil Fylnn | September 4, 2015

Crude oil prices were under pressure after Mario Draghi magic seemed too eased off. Oh, sure, after Mario Draghi said he was disappointed with growth and the lack of inflation, oil got a bounce. Yet, when Asian and European stocks gave up the gains, oil prices falter until a headline came out about those Chinese Military ships that are moving off of the coast of Alaska.

Crude prices prove resilient

By Phil Flynn | September 3, 2015

Crude oil prices are proving to be resilient after wiping out a 2% loss to close over 2% higher. Not even a reported 4.7 million increase in crude supply and reports that President Obama has the votes to overcome a veto on his deal to lift sanction on Iran was not enough to keep this market down.

By the book!

By Phil Flynn | September 1, 2015

Crude oil posted its biggest 3-day rally since 1990 and put futures back in bull market territory based on a report that U.S. oil production may be falling faster than previously reported, and OPEC is willing to talk with non-Opec oil producers to try to establish a "fair price for oil."

Fed up!

By Phil Flynn | August 31, 2015

Crude oil prices are dipping after a 17% weekly rally as Fed speakers put a September interest rate hike back into play and after we see a drop in the Shanghai composite.

Reality check

By Phil Flynn | August 28, 2015

Crude oil ultra bears got hit with a reality check after oil posted its biggest one day snap back since the crazed buying days at the beginning of the frenzy buying of 2008.

China not doing crude any favors

By Phil Flynn | August 18, 2015

Another 6.2% drop in the Shanghai composite helped drive oil and industrial metals to a six-year low, and only seemed to slow after China pumped 120 billion yuan worth of seven-day reverse repurchase agreements, or reverse repos, which are a short-term loans to commercial lenders in the money market.

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