OILK News and Press, ProShares K-1 Free Crude Oil Strategy ETF From 07/29/19

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 (following the completed initial correction from 60.94...

If one were to simply look at the price of crude oil over the last month, you’d be left with the conclusion that the market is bearish. With the outright price of WTI falling over the week and month, investors may be tempting to throw in the towel and join the bears. It is my belief t...

A Port Authority officer points at the Bavand, one of two stranded Iranian vessels, anchored at the port in Paranagua, Brazil, Thursday, July 25, 2019. ((AP)) Oil prices remain relatively stable and ended on Friday with slight losses, taking them close to where they started the week. Brent...

A gas flare on an oil production platform in the Soroush oil fields is seen alongside an Iranian flag in the Gulf. (REUTERS/Raheb Homavandi/File Photo) Before Iran started targeting oil tankers and facilities in the Gulf three months ago, Iranian Oil Minister Bijan Zanganeh said that Tehra...

My August West Texas Intermediate oil price forecast ranges between $52.50 and $62.50 per barrel. The range is $2.50 lower than it was last month. While my prior forecast was okay, WTI prices spent most of the time hugging the bottom end of the range. With this month's forecast, I am anticip...

The price of crude oil has been under pressure since trading to a high at $66.60 per barrel on the nearby NYMEX futures in late April. Crude oil fell to a low at $50.60 in early June and recovered to a high at $60.94 before turning lower once again. At around $56 per barrel on July 26, crude o...

The number of active U.S. drilling rigs falls for the 10th time in 12 weeks, shedding another 8 rigs to 946 following last week's decline of 4, Baker Hughes says in its latest report . More news on: The United States Oil ETF, LP, The United States Natural Gas ETF, LP, iPath S&P Crude ...

We recently updated our energy thesis in a Q2 2019 update letter, which our readers can find here . One of the key points we shared in the letter was what happens in the next few months will be critical for determining how the market unfolds in H2 2019. In order for oil prices to recover ma...

By Dennis Coyne US tight oil legacy decline can be estimated by assuming no future tight oil completions in the various US tight oil basins. The charts below illustrate such an estimate for the Permian, North Dakota Bakken/Three Forks, Eagle Ford, Niobrara, and other tight oil basins (not ...

Not long ago, a rise in tensions in the Middle East would send oil prices swiftly higher, even if no oil supply disruption occurred. Recently, tanker incidents have provided little spark to prices and have actually provided shorting opportunities. Many articles written about Iran and Mid-Eas...