SZO News and Press, DB Crude Oil Short ETN From 06/22/19

In this article, we examine the significant weekly order flow and market structure developments driving WTI's price action. As noted in last week's WTI Weekly , the primary expectation for this week was for price discovery higher. This expectation did play out as balance development early w...

U.S. crude oil cruised to its biggest weekly gain in more than two years , soaring 9.4% for the week to $57.43/bbl, lifted by worsening tensions between the U.S. and Iran and Pres. Trump saying today that he called off airstrikes on Iranian targets just 10 minutes ahead of the strikes. Mo...

The total count of drilling rigs active in the U.S. slips by 2 to 967, the sixth decline in seven weeks, Baker Hughes says in its latest 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 stoc...

By Jeff Weniger, CFA, Director, Asset Allocation 40 Years of Fraught U.S.-Iran Tension in the Persian Gulf Plays On With Iran backed into a corner, increased tension between the regime and the White House has resurrected talk of a closing of the Strait of Hormuz, the critical waterway by...

Taking A Closer Look at Oil Oil is on the downtrend this summer for several reasons. The first is the sheer oversupply of oil. The U.S. Energy Information Administration data on June 12th of 2019 showed that total oil inventory stocks were at their highest levels since the middle of 2017, a ...

One of my favorite parts of market structure in the commodities asset classes when it comes to clues about the path of least resistance of prices is the processing spread. When one raw material that trades in the futures market is an input in another that also trades independently on a futures...

Reacting to the downing of a U.S. drone over the Strait of Hormuz, oil prices spiked overnight, with WTI crude soaring 3.2% to $55.49/bbl. 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, To...

I recently debunked the myth that crude oil futures price backwardation (or contango) - time spreads - is a predictor of crude futures prices in my article, Crude Oil Backwardation: Theory, Facts and Myths . In this article, I address another myth, which is that crack spreads are a predictor ...

Compared to the first quarter in 2019 (2019-Q1), IHS Markit estimates that for the second quarter, hydraulic fracturing demand in the US has increased; however, this is partly offset by an increasing US supply of around 700,000 HHP. Indeed, contrary to previous expectations, capacity additions...

By Dimitry Dayen, CFA Latest Attacks On Oil Tankers Could Threaten Global Crude Flows Geopolitical tensions are being ratcheted up in the Middle East with another attack on two tankers this week in the Gulf of Oman near the Strait of Hormuz, a vital trading route through which about 2...