Phil Flynn | TalkMarkets | Page 44
Sr. Market Analyst at The PRICE Futures Group
Phil Flynn is writer of The Energy Report, a daily market commentary discussing oil, the Middle East, American government, economics, and their effects on the world's energies markets, as well as other commodity markets.

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Are You Ignorant Or Do You Have An Agenda?
Are you ignorant or do you have an agenda? Well, maybe both. One reason I might be both is that I was shocked at the stunning 7.9-million-barrel increase in crude oil supply reported by the Energy Information Administration (EIA).
Shale Pains And Crude Gains
The crude oil price gained on reports of more shale pain along with reports that Saudi Arabia wants to cut production and an American Petroleum Institute report that showed a big build in crude supply but a disturbing drop in gasoline.
Hands Up
OPEC will supply a diminishing amount of oil in the next five years as the output of U.S. shale and other rival sources expand.
All Is Right
All of a sudden it seems all is right with the oil world. A much stronger than expected jobs number set off a rally that continues into today.
Supply Side Crush
The price of crude had its worst week being down over 4% on a freak crude oil supply build and worries about a U.S.-China trade deal and the ridiculous impeachment of a President.
Spooky Sell-Off
The EIA reported an ungodly 5.7-million-barrel oil build and buried the oil bulls. The report was enhanced by a 698,000-barrel released from the Strategic Petroleum Reserve as well as a 700,000 barrel a day upward adjustment.
API Leaks
The Fed is widely believed to be cutting interest rates by a quarter-point yet the Fed Chairman’s Jerome Powell’s press conference may determine where the markets go from here.
Oversupply Tomorrow
The crude oil market is under pressure, not so much because the market is oversupplied today, but it might be tomorrow.
Shale Rocked
The U.S. shale industry is expected to be rocked by subpar earnings and reports that bankers are running away from oil shale investments.
Shifty Barrels
The big bear oil case consistently has been based on fears of a slowdown in the global economy.
Getting Serious
It may be time for the oil trade to get serious. This is a market that has seen significant price declines on slowing growth fears as well as the so-called Saudi oil production recovery.
OPEC Talks But Russia Plays Hard To Get
Yet you can’t ignore another 3.491 million barrel drop in distillates, a growing concern as we get closer to winter.
Crude Whisperers
The oil market had one of those meltdowns on Monday’s only set the stage for a turnaround Tuesday.
Big Shorts
The oil market has some big shorts to deal with.
Hibernation
The U.S. refining system sunk deeper into hibernation as the Energy Information Administration reported that U.S. refineries fell to only 83.1% of their operable capacity last week, the lowest level since 2017.
The Last Of The Builds
The American Petroleum Institute (API) more than lived up to the whisper number on crude oil by reporting a massive 10.451-million-barrel increase in crude oil supply.
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