OILX News and Press, UBS AG London Branch ZC SP ETRACS REDEEM 22/02/2046 USD 25 - Ser B From 07/17/23

2023-07-17 20:29:00 ET Summary The UBS Constant Maturity Commodity Index (CMCI) underperformed the Bloomberg Commodity Index (BCOM) in Q2 2023 but continues to outperform year-to-date by over 3.5%. The declines in all commodity indexes during Q2 2023 was mostly due to the poor eco...

2023-07-15 00:25:00 ET Summary Oil prices have risen this week alongside other risk assets, with US stock indices repeatedly hitting new highs for the year. The narrative that the Fed is winning the fight against inflation got a boost as both CPI and PPI came in weaker than expect...

2023-07-13 05:09:00 ET Summary March Non-OPEC oil production dropped by 268 kb/d to 51,434 kb/d. The largest decreases came from the Russia, 300 kb/d and Brazil 146 kb/d. From the low point in 2018 to the peak in 2023, China has added more than 600,000 barrels a day of extra produ...

2023-07-12 08:00:00 ET Summary Several factors have weighed on energy sector performance in 2023, but energy infrastructure companies have been a clear bright spot. Midstream/MLPs’ fee-based business models have provided insulation from weakness in commodity prices, while g...

2023-07-11 06:35:00 ET Summary Since there is an outspoken minority of doves on the Fed, I think the July FOMC decision will rest on the June inflation reports, especially the Consumer Price Index (CPI). As CPI surged 1.2% in June 2022, I am expecting that its annual pace this mon...

2023-07-10 05:30:00 ET Summary Financial and tech sectors face weak comparisons from late 2022, while the energy sector faces stronger comparisons and good growth from late 2022. The 'pandemic' influence will ripple through the S&P 500 numbers through the end of 2023. Fina...

2023-07-07 08:00:00 ET Summary Price action in energy markets over the past month has been interesting. European natural gas has seen increased volatility, suggesting that the market is still nervous about supply risks, whilst the oil market is stuck in a range despite deeper Saud...

2023-07-06 01:50:43 ET Summary Oil prices are lackluster and barely holding long-term support levels, despite a healthy current supply-demand balance. US total refined products supplied have been above the 7-year seasonal average for 12 of the past 13 weeks, indicating strong dema...

2023-07-04 21:23:00 ET Summary Why oil prices are down despite supply concerns. China's economic troubles continue to undermine commodities. Why oil hasn't climbed on the back of geopolitical risks. Oil prices have been on a downward path in recent months as ...

2023-07-04 05:40:00 ET Summary U.S. April oil production decreased by 102 kb/d to 12,615 kb/d, a drop from last month’s post pandemic high of 12,717 kb/d. The Drilling Productivity Report (DPR) uses recent data on the total number of drilling rigs in operation along with es...