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Letter "P" » Phil Flynn Quotes
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«Now we need continued warm weather to keep up this downward trend. And we should look to OPEC now, too. They're getting whacked on the dollar, and the price of crude is falling. If they decide to cut production, we'll be right back at square one.»
Author: Phil Flynn
«The market thought that, with extremely warm temperatures in the Northeast and refiners pumping near capacity, heating oil supplies would go through the roof. Now we're left wondering what would happen if [it] really set in, if it actually got cold.»
Author: Phil Flynn
«If prices jump another $5, I think it will give the Saudis a stronger hand, but continued weakness will give OPEC hawks more power.»
Author: Phil Flynn
«The market is showing you that there is still a bullish undertow despite the fact that crude inventories are solid.»
Author: Phil Flynn
«OPEC has a history of trying to jawbone the market. It appears OPEC is trying to take a little steam out of the rally and keep prices under control.»
Author: Phil Flynn
«A lot of people just don't believe the buildup. The market's not buying rumors of slowing demand.»
Author: Phil Flynn
«The market has been bullish on distillates, and refiners are maxing out distillate production to get in on this.»
Author: Phil Flynn
«It doesn't matter what moves OPEC makes as long as demand is growing like this. There will come a point when no matter how much those countries produce, there won't be extra ... and they lack the spare capacity as it is.»
Author: Phil Flynn
«If the market senses that refiners can handle both, then prices will stay lower.»
Author: Phil Flynn
«The market has been spooked by warm weather.»
Author: Phil Flynn
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