SZO News and Press, DB Crude Oil Short ETN From 05/27/19

The market remained under pressure from US stock-build for the third week in a row RIYADH: Oil prices ended last week with the biggest weekly losses of the year. Brent fell below the $70 psychological barrier to $68.69 a barrel, while WTI dropped under $60 to $58.63. The market remaine...

By Bob Iaccino On March 1, we published a piece titled, "A Global Tour of Crude Oil: Which Countries Matter Most?" In that piece, we ranked countries in order of their influence over crude oil price movement. This was not meant to be a static list in terms of what country placed where, a...

The last month has been hard for holders of the United States Oil ETF ( USO ) with shares falling by over 11%, nearly half of which occurred in the last week. In this article, I will examine the nuances of the USO ETF and explain why price has been falling and why it is likely to continue to d...

After falling to a low on the nearby NYMEX WTI crude oil futures contract at $42.36 in late December and just below $50 on the Brent contract, the prices of both petroleum benchmarks rise steadily reaching their most recent peaks in late April. WTI moved to a high at $66.60, and Brent's top wa...

The total count of active U.S. drilling rigs fell by 4 to 983 after shedding 3 in the prior two weeks, Baker Hughes says in its latest weekly survey . More news on: The United States Oil ETF, LP, The United States Natural Gas ETF, LP, iPath S&P Crude Oil Total Return Index ETN, Energy...

This article is a follow-up to one I wrote a couple of years ago, " When Do Crude Futures Flip Into Backwardation?" I updated the statistics and added a section on price implications. I have noted in my reading of articles and in readers' comments a strong belief that backwardation leads to...

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 buy-side activity. This expectation did not play out as a re-test of last week&...

By Dennis Coyne The US Energy Information Administration publishes Tight Oil Production Estimates by Play each month (can be found at link above.) I noticed this month that the estimates seemed different than I, remembered so I checked earlier estimates I had saved on my computer. The ch...

Crude oil suffered its worst trading session of the year , as losses mounted throughout the day amid a burst of pessimism over U.S.-China trade tensions that pushed investors away from risky assets. More news on: Hess Corporation, Continental Resources, Inc., Devon Energy Corporation, Ene...

Welcome to the lower today just means higher tomorrow edition of Oil Markets Daily! Refinery throughput has been disappointing. So disappointing that readers are starting to wonder if US refinery throughput will ever increase. While logically, that's an extremely laughable thought, one c...