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Letter "P" » Phil Flynn Quotes
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«Of course doing nothing must be bullish as oil continues to head higher.»
Author: Phil Flynn
«Storage was the reason gas went from $15 per million British thermal units to $8. If we have a warmer-than-normal February we're going to end the winter at all-time record high storage.»
Author: Phil Flynn
«It seems like the concern about the Iran showdown is trumping the fact that supplies are pretty good right now and that seems to driving the market.»
Author: Phil Flynn
«Consumers have been given an economic boost with no astronomical heating bills to pay. We know this fact has been the main reason energy prices have stayed somewhat grounded and have fallen short of bullish expectations.»
Author: Phil Flynn
«The oil market once again has been pulled out of potential obscurity by another host of geo-political events.»
Author: Phil Flynn
«We can't get too comfortable about inventory levels because of the geopolitical situation. Demand is growing, which leaves us vulnerable to a disruption. If we lose output from a major source these ample inventories will soon be history.»
Author: Phil Flynn
«OPEC usually cuts production when they get uncomfortable with price moves. The fear is intensified because of the fear of a second-quarter collapse, which is stronger this year than in the past.»
Author: Phil Flynn
«The constant political upheavals in oil-producing countries continue to overshadow the current state of abundant supply. The line between oversupply and under-supply has never been thinner. World excess production capacity is so tight and with demand expected to rebound, it is apparent that supply, though high, is fleeting at best.»
Author: Phil Flynn
«We're seeing a lot of profit-taking in products - heating oil and gasoline - ahead of the weekend.»
Author: Phil Flynn
«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.»
Author: Phil Flynn
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