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Letter "P" » Phil Flynn Quotes
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«The EIA data indicate there's a lot of crude out there. But even with refinery activity increasing, refineries seem to be having difficulty building up distillate supplies.»
Author: Phil Flynn
«The inability to follow through yesterday and break through $58 makes it likely that we are close to the bottom and prices are set to rise. Demand is starting to improve and distillate supplies continue to fall. It will have to get cold at some point and we will be in trouble.»
Author: Phil Flynn
«Demand is starting to improve and distillate supplies continue to fall. It will have to get cold at some point and we will be in trouble.»
Author: Phil Flynn
«They're more and more concerned they'll have an oil glut. OPEC is more than happy to rein in overproduction.»
Author: Phil Flynn
«I think people are starting to realize we might actually have a winter. Despite the fact we have ample crude supplies, distillate supplies are low for this time of the year.»
Author: Phil Flynn
«The big amount of crude is giving the market a little bit of comfort. Overall, I think we're going to see a very bullish year for oil.»
Author: Phil Flynn
«It's all weather-related. Unseasonably warm temperatures here in the Midwest and elsewhere have taken the fear out of this market, at least for the near term.»
Author: Phil Flynn
«Refiners will be increasing activity at a time when imports will be steady to down. That should give us a draw in crude stocks.»
Author: Phil Flynn
«The surprise, of course, is the build in crude oil, which gives this report a bearish tilt.»
Author: Phil Flynn
«People got a false impression from the last OPEC meeting that they were unconcerned about supplies and price, and now they realize that OPEC is potentially laying out the groundwork for a cut in January. They won't just let prices fall.»
Author: Phil Flynn
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