ERX News and Press, Direxion Energy Bull 3X Shares From 07/18/21

OPEC+ agrees to restore all production cuts the group made when the COVID-19 pandemic began, raising output by 400K bbl/day each month through the end of 2022, resolving an internal dispute that had tested the unity of the alliance.The deal will give Saudi Arabia, the United Arab Emirates, Ir...

Following the June CPI print, value and cyclicals have materially underperformed growth. Bonds have also rallied relentlessly creating havoc on the macro front. OPEC+ discord played a role in spooking generalists, but this will be resolved soon given recent news release on Saudi/U...

12963734/iStock via Getty Images Crude oil futures extended yesterday's losses, sliding to a four-week low as COVID concerns rise again and reports said the United Arab Emirates and OPEC reached a compromise that would allow a further relaxation of production curbs beginning next month. "The ...

The Energy sector carried its momentum from the end of 2020 into 2021 and ended Q2 as the S&P 500's best performer after returning a staggering 45.61%. US oil production has been steady around 11 mbpd for most of 2021 given producers' conservative capital allocation strategies tow...

Grafissimo/E+ via Getty Images Crude oil futures tumble to their lowest of the day as traders weigh conflicting reports about a potential compromise between Saudi Arabia and the United Arab Emirates on production levels. Multiple reports this morning said the UAE and Saudi Arabia had reached ...

OPEC has reached a compromise with the United Arab Emirates, agreeing to lift the amount of oil the country can eventually pump as part of a wider agreement to boost global supplies, WSJ reports.August WTI crude oil (CL1:COM) -0.3% to $75.01/bbl; September Brent (CO1:COM) -0.1% to $76.39...

Global energy is geared up to deliver best-in-class performance following a chaotic 2020. The global reopening coupled with commodity-linked inflationary pressures has witnessed black gold’s reprise. Headwinds abound – a potential 3rd SARS-Cov2 wave, divergent sovere...

Last month, the fear was excessively high inflation but in the first week of July growth fears have come to the fore. A weaker than expected non-manufacturing PMI in the US has triggered a sharp decline in global government bond yields. The UK’s vaccination program may have...

UAE's rejection of the Saudi proposal to increase and extend oil production agreement serves notice that it intends to raise production. Our base case continues to be that OPEC+ will achieve a compromise and increase production, though there are inventories to still draw. WTI >...

Crude oil futures have turned higher today following the government's weekly report that showed big drops in U.S. crude and gasoline inventories, but gains are limited by the lingering uncertainty over the continued OPEC dispute.The Energy Information Administration said U.S. crude inventorie...