SZO News and Press, DB Crude Oil Short ETN From 06/14/19

Following yesterday's bearish report from OPEC that trimmed its forecast for world oil demand, the IEA has also slashed its estimates for the second straight month. More news on: The United States Oil ETF, LP, iPath S&P Crude Oil Total Return Index ETN, VelocityShares 3X Long Crude...

Crude oil prices jump as much as 4% following attacks on two oil tankers in the Gulf of Oman, close to the Strait of Hormuz, where more than 30% of the world's shipped oil passes through; currently, WTI  +3% to $52.67/bbl, Brent +2.8% to $61.67/bbl. More news on: Frontline Ltd...

When the crude oil market becomes ugly, the price action can be hideous. In 2014, the price began to fall from a high at almost $108 per barrel on the nearby NYMEX futures contract. The selling ended in February 2016 with the price at a low at $26.05 per barrel. Crude oil then recovered and ma...

In recent weeks, renewed trade concerns, slowing oil demand, and a notable acceleration in implied U.S. oil production have spurred a material sell-off in oil. Similar concerns caused oil prices to drop at the end of last year, which prompted OPEC+ (i.e., the Organization of the Petroleum Expo...

Just hours ago, oil prices were flashing red as they neared the $50 level, but overnight reports of tanker explosions in the Gulf of Oman has triggered a sudden turnaround. More news on: The United States Oil ETF, LP, iPath S&P Crude Oil Total Return Index ETN, VelocityShares 3X Long...

Originally posted on June 11, 2019 ZeroHedge, in its typical eloquent fashion, noted last week that stocks are from Mars but bonds are from Venus, in describing the downdraft of U.S. Treasury bond yields and the significant rebound in the stock market. The two do not rhyme very well, which...

Oil prices sink to their lowest settlement in five months after U.S. government data showed a large increase in domestic crude inventories for the second week in a row. More news on: Energy Select Sector SPDR ETF, Roan Resources, Inc., Superior Energy Services, Inc., Energy stocks news...

EIA Petroleum Inventories: Crude +2.2M barrels vs. -0.5M consensus, +6.8M last week. More news on: The United States Oil ETF, LP, iPath S&P Crude Oil Total Return Index ETN, ProShares Ultra Bloomberg Crude Oil ETF, Stocks on the move, Commodities news, Energy stocks news, News on ...

Crude oil prices tumble on concerns over weakening global demand and a U.S. supply glut, dragging prices back to the bottom of their recent range; WTI -2.7% to $51.83/bbl, Brent -2.4% to $60.77/bbl. More news on: The United States Oil ETF, LP, Energy Select Sector SPDR ETF, iPath S&...

Over the last month, the United States Oil ETF ( USO ) has fallen by nearly 12% in a decline which has reached some of the lowest prices since the start of the year. In this article, I will dig into the fundamentals behind the ETF and show why we are likely to see further price declines in USO...