The deadly coronavirus outbreak in China has hurt short-term oil market demand Oil prices continued to fall for a fifth week in a row and reached their lowest level in a year. Brent crude dropped to $54.47 per barrel while WTI retreated to $50.32. The global oil market now finds […]
Oil Market: The Week Ahead
The coronavirus is continuing to grind down the oil market and despite a brief pickup in prices toward the end of the week, there isn’t a quick resolution in sight. There was much hopeful talk about a vaccination that could be soon available, but the Coalition for Epidemic Preparedness Innovations, […]
The Corn And Ethanol Report: February 07, 2020
Good Morning! We kickoff the first Friday of February with Unemployment with revisions going back to March 2019 that could see a negative impact according to some analyst but as Phil Flynn said after yesterday’s Jobless Claims I would not sweat it, the report comes out at 7:30 A.M. along […]
The Phil Flynn Energy Report: February 07, 2020
Oil prices can’t shake the coronavirus. Oil prices are weaker even after OPEC got Russia to finally agree to a production cut. Reuters reported that “Russia supports a recommendation to deepen OPEC+ global oil supply curbs to compensate for a drop in demand caused by the coronavirus, Foreign Minister Sergei […]
Brent Crude Oil Stays In A Downtrend
Brent crude oil traded slightly lower today, after hitting resistance near the 55.90 level. Overall, the black liquid has been trading below a downside resistance line drawn from the high of January 8th, and thus, we would consider the near-term outlook still to be negative. That said, we would like […]
Natural Gas – In The Process Of Forming A Bottom
Natural gas: In the process of forming some bottom. Original Post Natural Gas – In The Process Of Forming A Bottom Disclaimer: All opinions expressed in this blog are solely for information or educational purposes. The blog material does not constitute investment or trading advice. The blog material has no […]
Crude Oil – Still Needs Time To Form Bottom
Crude Oil still needs time to form some sort of bottom Original Post Crude Oil – Still Needs Time To Form Bottom Disclaimer: All opinions expressed in this blog are solely for information or educational purposes. The blog material does not constitute investment or trading advice. The blog material has […]
Natural Gas: Feb. 6 Update
While the natural gas market is depressed, is it worth trying to make a few pennies on the downside? Always use a stop loss order. Natural Gas: Feb. 6 Update Disclaimer: All opinions expressed in this blog are solely for information or educational purposes. The blog material does not constitute […]
Doc Copper Is Trying To Break 20-Year Rising Support
If the saying “so goes copper, so goes the global economy” is true, what ole Doc Copper does from current levels will send an important message to global markets. Copper has spent the majority of the past two decades inside of bullish rising channel (1), as it has created higher […]
Growing number of flexitarians and the rising demand for plant-based meat
The range of meat alternatives available in the market has been expanding over the past few years with the rise in vegetarian as well as vegan eaters, and the sales of plant-based meat products are growing exponentially. The trend of veganism has been largely propelled by flexitarians, individuals who are […]