NRGO News and Press, Bank of Montreal ZC SP ETN REDEEM 25/03/2039 USD 50 - Ser E NRGO From 05/10/20

Markets have settled and recovered from the initial shock of the coronavirus spread and the response of governments around the US and the world to lock down the economy. But while the major US indices have approached, if not quite matched, the fabled v-shaped recovery, there are still plenty o...

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 16.53s as support. This expectation ...

Welcome to the big export drop edition of Oil Markets Daily! Global oil inventories are peaking as we speak. Genscape reported a draw in Cushing from last Friday to this Tuesday, indicating US oil production shut-in volumes now really accelerating. We wrote on Wednesday that the implied ...

I will start with a simple statement. If you are not willing to take delivery, you should not be long oil futures right now, because storage constraints are what it is all about. Oil futures prices went negative last month because people realized this, and it is still as much of a problem as e...

A substantial number of midstream companies have released capital spending updates since early March as the collapse in oil prices quickly shifted the reality for midstream, and volumes came into question. While capital expenditures were already moderating (we estimate capex peaked in 2018 o...

Anthony Okolie recaps the biggest news of the day including the latest COVID-19 developments, followed by a conversation with Andres Rincon, Director, ETF & Equity Derivatives Strategy, TD Securities, about the nuts and bolts of crude oil ETFs and the risks and rewards in investing in...

Welcome to the US oil production edition of Oil Markets Daily! US oil production shut-in is starting to have a real effect on US crude storage balances. Implied balance for today suggests US oil production is at or below 11 mb/d. Source: EIA, HFI Research We had forecasted a build of ~...

Things are going to get messy. Stock indices from the United States to Europe were in rally mode as investors bet on a return to business activity in the eurozone and some US states. In energy, most segments of the US economy are seeing an increase in refinery activity and implied demand for p...

When #crudeoil and [[USO]] are trending on Twitter, you know it's something more than just some 5% move or so; and it's about the exact same time we're getting calls from people asking the best way to invest in crude oil and the best way to profit from crude oil eventually rebounding. Chance...

The month of drama in the oil markets appears to be at an end finally, as prices recorded their first weekly gain since the start of April. While sentiment is improving, the market fundamentals have not as the oil surplus needs time to be absorbed from the market as economic activity recover...