SZO News and Press, DB Crude Oil Short ETN From 06/06/19

Over the last month, shares of iPath's S&P Crude Oil Total Return Index ( OIL ) have fallen by more than 13% - 3% of which came after today's release of the EIA figures. In this article, I will dig into the fundamentals and technical factors influencing crude oil and give a recommendation ...

The WTI crude oil price has dropped more than 20% below its April peak after closing -3.4% at $51.68/bbl, slipping below the $53.04 level needed to push oil into another bear market. More news on: Cimarex Energy Co., Occidental Petroleum Corporation, Halliburton Company, Energy stocks ...

The Permian Basin typically dominates headlines about U.S. oil production. But offshore production is more quietly getting a boost. Shell Midstream Partners, L.P. ( SHLX ) announced first oil was produced by the Appomattox floating production system in the Gulf of Mexico on May 23, 2019. T...

Oil prices plunge after the EIA reports U.S. crude inventories rose unexpectedly last week while gasoline and distillate stockpiles built more than expected; WTI -3.5% to $51.61/bbl, Brent -2.4% to $60.48/bbl. More news on: Energy Select Sector SPDR ETF, Exxon Mobil Corporation,...

Over the last month, shares of the United States 12 Month Oil ETF ( USL ) have fallen by 15%. This drop has been accentuated in recent days in what seems to be an ever-increasing selloff of growing intensity. In this piece, I will dig into the mechanics of the USL ETF as well as the underlying...

The API is reporting crude stockpiles up 3.55M barrels last week vs. expectations for nearly a 2M draw. More news on: The United States Oil ETF, LP, iPath S&P Crude Oil Total Return Index ETN, VelocityShares 3X Long Crude ETN, Energy stocks news, Stocks on the move, News on ETFs, R...

Welcome to the hoarding edition of Oil Markets Daily! Over the last 2-weeks, there have been 3 firms that came out publicly to state that PADD 3 refineries are hoarding crude. The first one came from Energy Aspects, comments below: US crude hoarding Meanwhile, US crude stocks b...

Markets found themselves torn once again between supply fears and a looming economic slowdown OPEC's oil production dropped to a four-year low of 30.17 million barrels per day (bpd) in May The downward movement in oil prices last week seemed unjustified given the current strong market ...

Welcome to the EIA 914 edition of Oil Markets Daily! EIA 914 was out on Friday and US oil production increased 241k b/d in March 2019 to 11.906 mb/d. The increase came almost entirely from the Gulf of Mexico which was low in February due to maintenance. The breakdown m-o-m is as follow...

Introduction In our past EIA reports this year, we referenced the fact that the inventory data wasn't matching up to price expectations and the overall bullish sentiment conveyed by energy markets. We further stated that the data was going to have to improve or oil markets were headed for so...