SZO News and Press, DB Crude Oil Short ETN From 05/13/19

Continuing our weekly series, Open Insights, we'll take a look at the EIA's Weekly Petroleum Status Report ("WPSR") for the week of May 3, 2019. EIA reported a crude draw of 4.0M barrels for the week. Imports declined precipitously by 0.7M barrels per day (bpd) from last week and reached 6.7...

Welcome to the good stuff edition of Oil Markets Daily! The media was quite excited last week to see that the weekly US crude imports from Saudi hit the lowest level since the mid-1980s. But on a 4-week moving average basis, we are still seeing imports from Saudi average ~500k b...

The impact of the trade dispute between the US and China and a stronger dollar has weighed on the prices of many of the members of the commodities asset class. The prices of metals have moved lower over the past weeks, and copper which is a bellwether for economic growth or contract fell from ...

Even though crude prices have been falling recently, with investors racked by fears regarding global growth and rising US output, new data coming out suggests that any real degree of pessimism is misplaced. Thanks to a new report , courtesy of the EIA (Energy Information Administration), it i...

Note: This article was first released to HFI Research subscribers via our new premium oil market daily. This is the report we published. The Brent timespreads increased again in backwardation with the 1-2 eclipsing $1/bbl earlier today. While the global oil market tightness is on full disp...

In September 2018, the price of sugar traded to its lowest price since 2008 when it slipped to a low at 9.83 cents per pound. Before August of last year, the sweet commodity that trades on the Intercontinental Exchange had not traded below 10 cents per pound in over a decade since June 2008. A...

Note: This article was published after last week's EIA oil storage report. This was first published to HFI Research subscribers on May 4th. Another report and another unexplainable positive adjustment factor that added close to half the build. For the second week in a row, the adjustment i...

U.S. crude oil bounced off one-month lows to finish higher after the government reported domestic inventories fell by 4M barrels , compared with an expected 1.2M-barrel increase; WTI settled +1.2% to $62.12/bbl, Brent +0.7% to $70.37/bbl. More news on: The United States Oil ETF, LP,...

The U.S. Department of Energy released its May Short-Term Energy Outlook (STEO). The inventory figures they report reveal that the U.S. and global physical oil markets are well-supplied and are expected to remain that way, notwithstanding sanctions on Iran and Venezuela. U.S. Inventories ...

The American Petroleum Institute reportedly shows a build of 2.8M barrels of oil for the week ending May 3, vs. a 6.8M-barrel build in the previous week. More news on: The United States Oil ETF, LP, iPath S&P Crude Oil Total Return Index ETN, VelocityShares 3X Long Crude ETN, Energy ...