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 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 […]

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 […]