DTO News and Press, Deutsche Bank AG London ZC SP ETN REDEEM 01/06/2038 USD 25 - 25154K809 From 05/18/20

Oil markets are undergoing a volatile and confusing period. If anything, this is an understatement. Fears of plunging demand have worked to push prices down to historically-low levels, including into negative territory briefly in the US. While some downturn in pricing is warranted given the dr...

All OPEC data in the charts below are from the OPEC Monthly Oil Market Report. The data is through April and is in thousand barrels per day. OPEC 13 crude oil production was up 1.8 million barrels per day in April. They are about 3 million barrels per day below their November 2016 high. As...

Brent finished at $32.50 per barrel capping a third consecutive week of gains while WTI topped $29.43 per barrel which was close to a two-month high. The Brent/ WTI spread has narrowed significantly to $3.07 per barrel, which makes US crude oil exports less competitive to other Brent-related...

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 price discovery higher, barring failure of 22.58s as support. This expectation ...

Welcome to the global oil inventory edition of Oil Markets Daily! Lower demand = lower exports That was the topic we tried to hammer away in the first half of March when Saudis decided to declare a price war on the rest of the world. In the history of the oil market, there was never an e...

The weekly tally of active drilling rigs in the U.S. plunges again, this time by another 35 to 339, following a decline of 155 rigs over the previous three weeks, according to the latest survey from Baker Hughes . More news on: The United States Oil ETF, LP, ProShares Trust II - ProShares...

By Tajinder Dhillon U.S. oil majors finished reporting 20Q1 results in the week starting May 4. The industry beat consensus expectations this quarter, led by Exxon Mobil (XOM), Chevron (CVX), ConocoPhillips (COP), Devon Energy (DVN), and Occidental Petroleum (OXY). As a result, the S&P...

Market forces have "demonstrated their power" in recent weeks, according to the IEA, but a resurgence of coronavirus cases will have "major consequences." More news on: The United States Oil ETF, LP, ProShares Trust II - ProShares Ultra Bloomberg Crude Oil, United States Brent Oil Fund, LP...

Welcome to the priced-in edition of Oil Markets Daily! One thing we've learned (the hard way) in the oil market in the years we've closely analyzed it is that prices don't always react according to what fundamentals are doing "today". Markets are discounting machines so just as the data ...

Crude oil prices ( CL1:COM ) reversed losses and turned positive after Saudi Arabia and Russia said in a statement that they are committed to oil market stability and see signs of improving oil demand. More news on: Crude Oil Futures, The United States Oil ETF, LP, ProShares Trust II -...