DNO News and Press, United States Short Oil Fund From 02/15/19

Crude oil settles at three-month highs , with March WTI +2.2% to $55.59/bbl and Brent +2.6% to $66.25/bbl for their highest finishes for a front-month contract since Nov; for the week, WTI prices jumped 5.4% and Brent bumped up 6.7%. More news on: The United States Oil ETF, LP, iPath ...

The total U.S. rig count adds 2 to 1,051 after gaining 4 a week ago, according to Baker Hughes' latest weekly survey . 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, News on ETFs, Read more ...

The NOPEC legislation – No Oil Producing and Exporting Cartels Act – in the U.S. Congress is progressing. The House Judiciary Committee approved the bill last week, and it will be considered by the full House. There is bipartisan support. President Trump has called OPEC a &#x...

Saudi Aramco halted oil production this week at Safaniyah, the world's largest offshore oilfield, in an unplanned shutdown that removes 1M bbl/day of heavy crude from the market, according to a report from Energy Intelligence . More news on: The United States Oil ETF, LP, iPath S&P ...

Welcome to the "won't be fooled twice" edition of Oil Markets Daily! In an article, we wrote on Nov. 16 titled, " Saudis Got 'Trumped' - Watch What Happens Next ." We wrote that in exchange for renewed sanctions on Iran, Saudi promised under the table with President Trump to keep the oil...

Investing in oil often means nothing happens for days, and then everything (including things you'd never think of) happens within days. The beginning of February is turning out to be one of those times. Here's a few of our musings as the first few weeks of February progress. On Tuesday, Saud...

Texas oil wells produced more than 1.54B barrels of crude in 2018 - despite a 40% commodity price drop during Q4 - beating the previous record of 1.28B barrels set in 1973, TIPRO disclosed in its annual "State of Energy Report." More news on: The United States Oil ETF, LP, iPath S&P ...

US inflation in January 2019 was, according to the CPI, the lowest in years. At just 1.55% year over year, the index hadn’t suggested this level since September 2016 right at the outset of what would become Reflation #3. Having hyped expectations over that interim, US policymakers now h...

Crude oil prices are drawing support from a bullish call by Goldman Sachs , which suggests the market has grown too pessimistic about 2019 demand forecasts; WTI  +1.9% to $54.15/bbl, Brent +1.8% to $63.55/bbl. More news on: Energy Select Sector SPDR ETF, The United States Oil ETF,...

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...