DNO News and Press, United States Short Oil Fund From 02/25/19

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...

Crude oil futures hit fresh three-month highs today against a backdrop of upbeat U.S.-China trade talks and rising equity markets; WTI  +0.5% to $57.26/bbl and Brent +0.1% to $67.12/bbl, marking the highest finish for both benchmarks since Nov. 12. More news on: The United State...

Continuing our weekly series, Open Insights, we'll take a look at the EIA's Weekly Petroleum Status Report ("WPSR") for the week of February 15, 2019. The EIA reported a crude build of 3.7M barrels for the week. Imports increased by 1.3M barrels per day (bpd) from last week and hovered aroun...

The total U.S. rig count falls to 4 to 1,047 after gaining 2 a week ago, according to the latest weekly survey from Baker Hughes. 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 stocks news, Commod...

With China's economic growth near a three-decade low, having reached 6.4% in 2018, there is a lot of concern about the global crude oil market's performance this year. Without doubt, the impact of the country's trade war with the US cannot be ignored, but meanwhile, there are several other par...

The American Petroleum Institute reportedly shows a build of 3.2M barrels of oil for the week ending Feb. 15, vs. a draw of nearly 1M 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 ET...

Welcome to the bigger than expected edition of Oil Markets Daily! On January 28th, 2019, US imposed sanctions on PDVSA, Venezuela's state-owned oil company. Following the announcement of the sanctions, we wrote in the chat that it should not have any meaningful impact on the oil market. ...

For this episode of Planet MicroCap Podcast, I spoke with Keith Schaefer, Publisher of Oil and Gas Investments Bulletin. I've met Keith a few times on the conference circuit, having been booth buddies along the way. I also have yet to do an episode completely dedicated to Energy markets a...

In this article, we examine the significant weekly order flow and market structure developments driving WTI price action. As noted in last week’s WTI Weekly , the primary expectation for this week was for sell-side activity provided the near-term key resistance, 53-54.30s, held. This...

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 ...