OILU News and Press, ProShares UltraPro 3x Crude Oil From 12/12/19

Crack or refining spreads in the oil market are the economics of processing a barrel of crude oil into products. Gasoline and distillates, including heating oil, jet, diesel, and other fuels are all petroleum products. The primary ingredient in the products is the raw crude oil, so the price a...

Crude oil futures ( USO -0.7% ) pulled back from three-month highs after the latest weekly U.S. government data showed an unexpected increase in domestic supplies ; January WTI settled -0.8% to $58.76/bbl, February Brent -1% to $63.72/bbl. More news on: The United States Oil ETF, ...

Original Post By Stuart Burns After much delay and considerable uncertainty, Saudi Aramco finally got its IPO away, albeit only on the domestic Saudi market and not in New York, London or Hong Kong - yet. Shares were priced at $8.53, or 32 Saudi riyals. As such, the IPO will raise ...

When there's a slide highlighting "checks and balances" in an oil producer's presentation, as seen in the appendix of EOG Resources' (EOG) 3Q19 presentation , that's probably a good sign of heightened political risk facing the energy industry. To state the obvious, election season is well und...

By Warren Patterson, Head of Commodities Strategy and Wenyu Yao, Senior Commodities Strategist Deeper cuts announced by OPEC+ in December should do a good job in supporting oil prices around current levels over the first quarter. But we still think the group will need to take...

By Bob Iaccino At a Glance Will Saudi Arabia continue being supportive of supply cuts? The price of oil will be key for the valuation of Aramco ([[ARMCO]]) shares. Anyone who has traded crude oil knows that, for the better part of five decades, the Organization of the Petroleum E...

Several weeks ago I posted a trade alert article here on Seeking Alpha suggesting a very trade-able downside move that is setting up in crude oil. In it, I stated: Crude is moving into the 60 region that has been our target zone for some time now. Once this move up completes, which we su...

We took a brief hiatus from our weekly series Open Insights to update our oil thesis, recently published here , but we’re back now back to looking at the EIA’s Weekly Petroleum Status Report (“WPSR”) for the week of November 29, 2019. EIA reported a draw this wee...

Welcome to the disappointing refinery throughput edition of Oil Markets Daily! US refinery throughput in 2019 has been absolutely dismal compared to 2018. Source: EIA, HFI Research Our main point related to the dismal throughput has to do with US refinery throughput from September to...

The new government statistics are out. September marked the first month that U.S. exports of crude oil, and petroleum products, surpassed imports since the government started recording the data in 1949. This is a milestone, as the United States is energy independent for the first time in 70 ye...