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home / news releases / SZO - OPEC's New Year's Gift To Oil Bulls


SZO - OPEC's New Year's Gift To Oil Bulls

December is shaping up to be a significant month for oil investors and the broader oil market. Crude prices have begun to rise following news that OPEC and its non-OPEC partners have agreed to a further reduction in production of around 0.50 million barrels per day. This move is taking with it the otherwise depressed share prices of oil and gas E&P (exploration and production) firms and if my interpretation of the data is accurate, this could be only the beginning. If the members that are party to the agreement fulfill their end of the

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Stock Information

Company Name: DB Crude Oil Short ETN
Stock Symbol: SZO
Market: NYSE

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