SZO News and Press, DB Crude Oil Short ETN From 05/16/19

Crude oil prices rose for a third straight day, sparked by a stronger stock market and rising tension between Iran and U.S. allies that threaten to disrupt oil supplies and shipments in the Middle East. More news on: The United States Oil ETF, LP, Energy Select Sector SPDR ETF, iPath S&...

The price of crude oil has corrected from the high at the end of April that took the price of nearby June NYMEX futures to a peak at $66.60 per barrel on April 23. Crude oil declined to a low at $60.04 on May 6, and on May 15 the price was at just over $62 on June futures. Technical support fo...

By Kathy Lien At a Glance As equity markets experience sell-off on trade war news, oil may follow them lower. The impact for oil in U.S.-China tensions could be far greater than in past trade wars. This has been a great year for oil. The price of crude is up 30 percent from its D...

Investment thesis Despite recent oil market correction and dipping net speculative positioning on NYMEX crude oil contracts, the iPath S&P Crude Oil Total Return Index ETN ( OIL ) remains sustained, following growing tensions in the Middle East and declining crude and refining stocks. ...

Crude oil prices gained despite bearish data showing U.S. oil inventories at a 20-month high, with Middle East tensions continuing to rise as Saudi Arabia said armed drones struck a critical oil pipeline, two days after the sabotage of oil tankers near the United Arab Emirates. More n...

The data below was taken from the OPEC Monthly Oil Market Report . All data is through April 2019 and is in thousand barrels per day. The data is crude only, that is it does not include condensate. Total OPEC production hardly moved in April, down a mere 3,000 barrels per day. Algeria pea...

The surplus of supply over demand that the oil market saw in the first quarter could "flip" into a deficit in the second, according to the IEA's latest monthly report. More news on: The United States Oil ETF, LP, iPath S&P Crude Oil Total Return Index ETN, VelocityShares 3X Long Crude ...

Two weeks ago, I wrote an article in which I argued that even though the crude fundamentals were bullish, the technical and statistical factors suggested that an immediate pullback was in the cards. I normally don’t get that lucky in my timing, but since then, the price of WTI is off ...

The American Petroleum Institute reportedly shows an increase of 8.63M barrels of oil in U.S. stockpiles last week, vs. the previous week's build of 2.8M barrels. More news on: The United States Oil ETF, LP, iPath S&P Crude Oil Total Return Index ETN, VelocityShares 3X Long Crude ETN...

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...