OILK News and Press, ProShares K-1 Free Crude Oil Strategy ETF From 07/02/19

With decisions in the books for OPEC Plus, Morgan Stanley has trimmed its long-term forecast for oil prices. More news on: The United States Oil ETF, LP, iPath S&P Crude Oil Total Return Index ETN, VelocityShares 3X Long Crude ETN, Energy stocks news, Commodities news, News on ETFs, ...

Tensions in the Persian Gulf - the world's key oil exporting region - have risen sharply. Yet, oil trades well below its late-2018 peaks - and oil-related equities have lagged the broader market. What explains the disconnect? We delve into both short-term and long-term oil market fundamentals,...

Right now, a couple of interesting things are happening in the US oil patch that suggest, on the whole, the picture for crude continues to remain bullish. One of these developments relates to DUCs (drilled but uncompleted wells), while the other shows an interesting disparity existing at the m...

Welcome to the bang edition of Oil Markets Daily! EIA reported quite a sizable storage draw last week of 12.8 mbbls for crude storage. This draw was ~8 mbbls higher than our forecast and made up for the previous 3 weeks of misses. On a forward-looking basis, the trajectory over the comin...

After paring gains earlier today, oil rose a bit into settlement amid reports that Iran stopped a holdout and OPEC delegates came to a compromise on its new charter. More news on: The United States Oil ETF, LP, iPath S&P Crude Oil Total Return Index ETN, VelocityShares 3X Long Crude ET...

The OPEC deal to extend production cuts will stretch into 2020 , Bloomberg reports. More news on: The United States Oil ETF, LP, iPath S&P Crude Oil Total Return Index ETN, VelocityShares 3X Long Crude ETN, Commodities news, Energy stocks news, News on ETFs Read more ...

The energy sector posted a loss during the second quarter of 2019, but the price of ethanol moved significantly higher. In 2014, the energy composite fell by 36.59% due to the swoon in crude oil, petroleum product, and natural gas prices. A composite of energy commodities fell by 25.14% in 2...

Even if OPEC+ has a highly probable rollover of 1.2 million barrels per day (bpd) output cuts for the second half of 2019, as agreed at the G20 Summit by Saudi Arabia and Russia, the next six months will still be challenging. The resumption of the trade talks between the US and China may tak...

Mexican crude oil production has been under severe pressure, with volumes down so far this year. Focusing on each stream's performance, the country has been producing around 1.1 million b/d of Maya, very similar to last year's levels, while production of Isthmus dropped below 500 thousand b/d,...

My July West Texas Intermediate oil price forecast ranges between $55.00 and $65.00 per barrel. The range is the same as last month's forecast. My prior forecast was wrong. June oil prices were much lower than I expected. The US-China negotiations broke down, and the global economy appears t...