DNO News and Press, United States Short Oil Fund From 03/11/19

Crude futures rose 0.6% to $56.42/bbl overnight, lifted by comments from Saudi oil minister Khalid al-Falih that an end to OPEC-led supply cuts was unlikely before June. More news on: The United States Oil ETF, LP, iPath S&P Crude Oil Total Return Index ETN, VelocityShares 3X Long ...

Welcome to the faster and harder treadmill edition of Oil Markets Daily! In December last year, we published an article titled, " For The Permian, It's Not 2016 - And That's Bad News For U.S. Shale ." At the time, Parsley Energy ( PE ) released its capex budget for 2019 and we noted how ...

OPEC crude oil output has fallen sharply over the past two months to its lowest level in four years, to 30.8 million barrels per day (bpd) in January, causing any oil surplus to disappear. This might move the oil market into a deficit toward the end of the first quarter. The Brent /WTI spre...

Crude oil futures rose 1.3% to $56.24/bbl overnight following a decline in U.S. crude inventories and as OPEC seemed to stick to its supply cuts despite pressure from President Trump. More news on: The United States Oil ETF, LP, iPath S&P Crude Oil Total Return Index ETN, VelocityS...

The American Petroleum Institute reportedly shows a draw of 4.2M barrels for the week ending Feb. 22, vs. a build of 3.2M barrels in the previous week; analysts had expected to see inventories build of ~3M barrels. More news on: The United States Oil ETF, LP, iPath S&P Crude Oil Tota...

Welcome to the once bitten, twice shy edition of Oil Markets Daily! Oil prices are responding to President Trump's tweet Monday: Although the physical oil market loosened a bit over the last week, the bulk of Monday's sell-off came following the tweet. What's interesting about t...

Original Post By Stuart Burns OPEC may not be what it once was, but in concert with non-OPEC countries like Russia, the cartel is showing it can still influence prices to its advantage. After extensive negotiations behind the scenes, Saudi Arabia and Russia have agreed to reduce ou...

Crude oil suffers its worst YTD price decline , tumbling from three-month highs after Pres. Trump said crude prices are getting too high ; April WTI settled -3.1% to $55.48/bbl, and Brent closed -3.5% to $64.76/bbl. More news on: The United States Oil ETF, LP, Energy Select Sector SP...

"World cannot take a price hike," tweets the president this morning. "OPEC, please relax and take it easy." More news on: The United States Oil ETF, LP, iPath S&P Crude Oil Total Return Index ETN, VelocityShares 3X Long Crude ETN, Energy stocks news, Commodities news, News on ETFs, ...

My forecast for March is that the West Texas Intermediate oil price will range between $55 and $65 per barrel. The range is five dollars higher than last month's forecast. I have raised my target range because of the ongoing problems in Venezuela, the progress that the US and China are makin...