This really shows how OPEC has lost control over this market,
More Quotes from Phil Flynn:
Closing above 42 is scary. It has a clear path to the next level, which is 44 a barrel.Phil Flynn
The main driver today is Tropical Storm Rita. We really can't afford to lose more production.
Phil Flynn
With another blast of cold weather headed to us this week, we may have seen the lows (in crude prices).
Phil Flynn
There's so much that could go wrong right now. This is the scariest time we've seen in oil in a long period of time.
Phil Flynn
We can expect more normal readings soon but with each day that doesn't require heat, sellers will try to pile on.
Phil Flynn
Now that we've really had some cold weather, the numbers have changed the market's downward momentum and revived fears about winter fuel.
Phil Flynn
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