OILK News and Press, ProShares K-1 Free Crude Oil Strategy ETF From 07/13/19

In this article, we examine the significant weekly order flow and market structure developments driving WTI price action. The primary expectation for this week was for price discovery lower. This expectation did not play out as buying interest emerged early week within balance above last wee...

The following June OPEC data is based on the latest July OPEM Monthly Oil Market Report and is in thousand barrels per day. OPEC 14 crude-only production was down 68,000 barrels per day in June. Iran continues to decline, down 142,000 barrels per day in June. Iraq is still pretending q...

Bullish and bearish factors are at play in the crude oil market these days, and the price has stalled at just under the $60 per barrel level on nearby NYMEX August futures. Before the recent OPEC biannual meeting, the Saudi oil minister said that the sweet spot for Brent is between $60 and $70...

The total count of active U.S. drilling rigs falls by 5 to 958 after shedding 4 in the previous week, marking the 8th decline in the past 10 weeks, Baker Hughes reports in its latest survey . More news on: The United States Oil ETF, LP, The United States Natural Gas ETF, LP, iPath S&P...

Despite the easing of trade tensions between the U.S. and China, OPEC production cuts and geopolitical tension in the Middle East, oil, base metals and gold prices are being weighed down by fears of worsening economic conditions in major economies. Kim Parlee talks with Bart Melek, Head o...

Oil is headed for its biggest weekly gain in three as simmering Middle East tensions, shrinking U.S. crude inventories and Tropical Storm Barry in the Gulf of Mexico threaten the supply outlook. More news on: The United States Oil ETF, LP, iPath S&P Crude Oil Total Return Index ETN, Ve...

Crude oil futures frittered away early gains to settle lower following an OPEC report that forecast lower demand for its crude oil next year as the U.S. and other rivals increase production; WTI -0.4% to $60.20/bbl after trading as high as $60.94, Brent -0.7% to $66.52/bbl. More new...

The numbers below do not take into account Exxon (XOM) restarting Baytown very soon that will take another 600,000bbl/day off the market. "Davidson" submits: US Crude Inv falls 9.5mil BBL & Gasoline Inv fall 1.5mil BBL With this report, US Crude Inv sits ~13mil BBL above its 5y...

Welcome to the implied production edition of Oil Markets Daily! Note: This article was first published to HFI Research subscribers in our exclusive Oil Market Fundamentals daily report. See here for more info . WTI rose above $60/bbl today following the larger than expected US crude...

Continuing yesterday's big advance that bought crude over $60, oil prices extended gains overnight by 0.7% to $60.82/bbl amid the latest Persian Gulf tensions. More news on: BP p.l.c., The United States Oil ETF, LP, iPath S&P Crude Oil Total Return Index ETN, Energy stocks news, Co...