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Letter "P" » Phil Flynn Quotes
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«Last week it was 'buy the rumor, sell the fact' with all the conflict in Iraq. I think we're getting closer to the top, barring any catastrophes, with oil in the $38-$42 a barrel range over the summer.»
Author: Phil Flynn
«This is a market with no clear conviction, ... You could blow on this market and move it either way.»
Author: Phil Flynn
«It looks like the market is convinced we need to catch up for the winter and that because of the slow recovery in the Gulf of Mexico, we have lost valuable time.»
Author: Phil Flynn
«You're seeing some back and forth movement because after three straight up days, there's a strong tendency to take profits. But any prolonged labor disruption in Nigeria would be devastating.»
Author: Phil Flynn
«These have people worried and investors don't want to hold short positions before the weekend.»
Author: Phil Flynn
«We're seeing crude build up in the U.S. thanks to imports, rather than having to get help from our strategic petroleum reserves, and that's very encouraging.»
Author: Phil Flynn
«If you were worried about heating oil supplies there is nothing in these numbers that will ease your fears. If we get cold weather in the U.S. Northeast this market could really take off.»
Author: Phil Flynn
«This is the scenario traders have been waiting for [for] weeks,»
Author: Phil Flynn
«probably not have a big affect on prices.»
Author: Phil Flynn
«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.»
Author: Phil Flynn
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