DNO News and Press, United States Short Oil Fund From 02/13/19

The data below is taken from the OPEC Monthly Oil Market Report . All OPEC data is through January 2019 and is in thousand barrels per day. OPEC 14, crude only, was down just three thousand barrels short of 800,000 barrels per day in January. The difference between what Saudi says they pr...

The IEA has left its global demand growth forecast of 1.4M bpd for 2019 unchanged from its last report in January, stating the oil market will struggle to absorb fast-growing crude supply from outside OPEC, even with the group's production cuts and U.S. sanctions on Iran and Venezuela. M...

The American Petroleum Institute reportedly shows a draw of 998K barrels of oil for the week ending Feb. 8, vs. a build of 2.51M barrels in the previous week. More news on: The United States Oil ETF, LP, iPath S&P Crude Oil Total Return Index ETN, VelocityShares 3X Long Crude ETN, En...

Crude oil prices are rising, as OPEC says in its monthly report that the cartel's production fell by nearly 800K bbl/day in January to 30.8M bbl/day, and Saudi Arabia pledges to cut output by at least 500K bbl/day more than it originally planned; WTI  +1.9% to $53.42/bbl, Brent +1.9...

By Managing Director and Portfolio Manager Brian Kessens Tough love for energy last week, as broad energy fell 3% and MLPs dropped -3.6% (with lots of dividend ex-dates). Producers brought up the rear, declining 6.4%. Crude oil prices were no help, slipping 4.6%, though crude oil invent...

Crude oil prices slide near four-week lows due to a stronger dollar and continued concerns about U.S.-China trade talks; WTI -2.1% to $51.59/bbl, Brent -1.3% at $61.31/bbl. More news on: The United States Oil ETF, LP, Energy Select Sector SPDR ETF, iPath S&P Crude Oil Total Retu...

Welcome to the forced cut edition of Oil Markets Daily! Global refineries are starting to feel the pinch with the global crude quality issue worsening. Coking margins are getting absolutely hammered as the oil market faces a shortage of heavy sour crude. On the other end, a surplus of ...

The total U.S. rig count rises by 4 to 1,049, according to the latest weekly survey from Baker Hughes, after falling by 14 in the previous week. More news on: The United States Oil ETF, LP, The United States Natural Gas ETF, LP, iPath S&P Crude Oil Total Return Index ETN, Energy stoc...

From U.S.-Sino trade clashes to the absence of a UK Brexit agreement with the EU, the geopolitical environment remains unsettled. But equity markets seem to have assumed these trade matters will soon be resolved and that global expansion will continue. But will they? Kim Parlee speaks w...

(This article was first published on January 31, 2019, and is the second installment of a comprehensive report on near-term outlook on various assets classes). US Treasury Bond Yields In the final analysis, the short-term fate of the DXY and EEM are tied to the outlook for the perform...