Phil Flynn
Phil Flynn
Philip "Phil" Flynnis an Irish businessman. He was previously a vice-president of Sinn Féin, a trade unionist, an industrial relations consultant, a government advisor and a financier. He was the eldest of five children of a nationalist mother and Fine Gael father...
debate high hurt ignore markets oil prices stocks
The correlation between high oil prices and stocks has not been day-to-day. Sometimes the stock markets can ignore high prices, and the big debate is when will the prices get so high that they hurt the economy.
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With less than 2.0 million barrels of spare production capacity, even with higher-than-average supply of oil, the margin of error in the world oil market has never been thinner. And with worries about possible supply disruptions in Iran, Nigeria and Venezuela and another hurricane season ahead of us, traders are betting that it's likely something is going to go wrong.
forecasts given market saying supplies thinking though traders turning winter
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.
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The oil market once again has been pulled out of potential obscurity by another host of geo-political events.
believe bottom closer doubt fall market
I believe the market is a lot closer to a bottom than to a top. I doubt you'll see the market fall too far.
gets market seems sensitive storm
It seems like every storm we get, the market gets more sensitive to it.
calm category head hit impact katrina knock markets shutting terms three worse
If you knock out two to three refineries with a category 4 or a category 5, and you hit them head on, you'll feel the impact immediately, and it would a while before the markets calm down. The impact of this could be worse than Katrina in terms of shutting down refineries.
extremely market near northeast oil pumping supplies warm
The market thought that, with extremely warm temperatures in the Northeast and refiners pumping near capacity, heating oil supplies would go through the roof,
iran market supply uncertain wants
The market is uncertain as to what it wants to do at this point. Supply is not the issue. The uncertainty about Iran is the issue.
market warm
The market has been spooked by warm weather.
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The market is showing you that there is still a bullish undertow despite the fact that crude inventories are solid,
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Analysts are already looking ahead to next week and betting on warmer forecasts. If it doesn't get as warm as we expect then next week the market will run back up.
demand report
After the report tomorrow, demand will come back with a vengeance.
looked number overall supply though west
Even though the overall number looked good, a lot of the supply was on the West Coast.