NRGO News and Press, Bank of Montreal ZC SP ETN REDEEM 25/03/2039 USD 50 - Ser E NRGO From 04/07/20

Messaging about the oil market by the largest three producers in the world - the United States, Russia, and Saudi Arabia - has become a three-ring circus. If there is one solid conclusion, they are not on the same page. OPEC has arranged for a virtual meeting on April 9th to include its memb...

This crash could add the finishing touches to the grand reshuffling of the upstream service sector that started in 2014 The last month has been a nightmare for the upstream service sector. Brent plunged to around $20 in March. And the signs of an impending upstream service sector recover...

By Adam Button U.S. employment fell by 4x expectations, showing a 701K decline in March, but this was not the story of from Friday. A 40% intraday rally in crude oil following a series of remarks and tweets from President Trump that also helped the Canadian dollar. US Crude shot up n...

The word “turbulent” only begins to describe this year’s price action in iPath S&P GSCI Crude Oil Total Return Index ETN ( OIL ). With prices witnessing over 50% declines on a year-to-date basis as well as last week seeing a rally of over 30%, trades in OIL have been i...

Down by nearly 11% at one point during the night, oil has now pared most of its losses. More news on: The United States Oil ETF, LP, iPath S&P GSCI Crude Oil Total Return Index ETN, ProShares Trust II - ProShares Ultra Bloomberg Crude Oil, Energy stocks news, Top stock market news, ...

The energy sector tanked in Q1 2020. WTI and Brent crude oil posted significant losses in Q1 after the outbreak of Coronavirus weighed on demand. The failure of OPEC to respond to the price weakness led to a massive move to the downside in early March that took the price of crude oil to its lo...

As crude prices plunge, Iraq's oil sector is facing a triple threat that has slashed revenues, risks denting production and may spell trouble for future exports. (AFP file photo) With the coronavirus pandemic cutting oil consumption across the world, the boom in demand for storing oil has...

By Ed Moya Financial markets are still primarily focused with the fight against Covid-19. In the US, coronavirus deaths are now climbing at a staggering pace and concerns are high that many states have acted too slowly in providing measures to mitigate the spread of the virus. Europe is al...

"If I have to do tariffs on oil coming from outside or if I have to do something to protect our... tens of thousands of energy workers and our great companies that produce all these jobs, I'll do whatever I have to do," President Trump told a news briefing. More news on: Saudi Aramco, Ro...

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 lower, barring failure of 25.24s as support. This expectation d...