SZO News and Press, DB Crude Oil Short ETN From 06/10/19

Oil prices have continued to fall since the second half of May as some commentators described the volatile market as the worst four-week run since the 2008 financial crisis. If that is an accurate description of the market, then we should also consider the retreat in major equity share indexes...

After trading at highs of $66.60 on the nearby NYMEX WTI futures contract at $75.59 per barrel on the active month ICE Brent futures contract in late April, the price of the commodity that powers the world turned lower. A little over one month after it hit its high, the price of crude oil has ...

The total count of active U.S. drilling rigs falls by 9 to 975, resuming its recent pattern of declines after adding 1 rig last week, 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...

Crude prices jumped as much as 2% after Saudi Energy Minister al-Falih said OPEC and its allies should extend oil production cuts at around current levels; pulling back a bit, WTI +1.5% at $53.39/bbl, Brent +1.6% at $62.67/bbl. More news on: The United States Oil ETF, LP, Energy Sel...

Oil prices turned sharply higher just before today's settlement after trading had been flat throughout the day, following reports that the Trump administration may delay tariffs on Mexican imports. More news on: The United States Oil ETF, LP, Energy Select Sector SPDR ETF, iPath S&P...

The U.S. may now be the world's biggest crude producer, but the oil produced in the prolific Permian Basin increasingly is too light in density for domestic refiners or for exports , Reuters reports. More news on: Chevron Corporation, Occidental Petroleum Corporation, Concho Resources Inc...

By Bob Iaccino At A Glance Energy has been a tailwind to U.S. growth, but recent declines in oil and gas investment may lessen its impact Oil and natural gas mining remain one of the top U.S. growth sectors The U.S. economy has had a long and bumpy ride on the path to stable gr...

Original Post By Stuart Burns Oil prices are on track for their largest monthly decline in six months, the online trade journal oilprice.com writes . The Trump administration exacerbated the selloff with another threat of tariffs, this time against its southern neighbor Mexico if ...

Welcome to the " where's the oil coming from " edition of Oil Markets Daily! One of the most important variables to understand today is how much US shale production is growing. So there are a lot of methods one can use to gauge just where production is. Historically, if you compare US oil ...

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 ...