SZO News and Press, DB Crude Oil Short ETN From 08/02/19

The count of active U.S. drilling rig continues to shrink, falling by 4 to 942 following last week's decline of 8, according to the latest weekly report from Baker Hughes. More news on: The United States Oil ETF, LP, The United States Natural Gas ETF, LP, iPath S&P Crude Oil Total Re...

The USA data below was taken primarily from the EIA's Petroleum Supply Monthly while some were taken from the EIA's Monthly Energy Review . I have some bad news to report. The EIA no longer published World production data or Non-OPEC production data. This data had previously been publishe...

Energy stocks ( XLE -2.5% ) are slammed after Pres. Trump tweets he will place an additional 10% tariff on the remaining $300B of Chinese goods and products effective Sept. 1, sparking more worries about a global economic slowdown. More news on: Energy Select Sector SPDR ETF, Concho ...

By Bryce Bingham In December 2018, one of the top five oil-producing countries in the world announced a headline-grabbing production cut to shore up oil prices - and it wasn't an OPEC member or Russia. Look no further than our neighbor to the north, and specifically, to the Government of A...

Welcome to the crude draw season of Oil Markets Daily! EIA reported a crude draw of ~10.8 mbbls last week which was in-line with our estimate for ~10 mbbls. For this week's report, we have -3.8 to -4.7 mbbls. And our current projection shows US crude storage to fall to ~429 mbbls by Augu...

The American Petroleum Institute reportedly shows a draw of 6.02M barrels of oil for the week ending July 26, following a 10.96M-barrel draw in the previous week. More news on: The United States Oil ETF, LP, iPath S&P Crude Oil Total Return Index ETN, VelocityShares 3x Long Crude Oil...

Continuing our weekly series, Open Insights, we’ll take a look at the EIA’s Weekly Petroleum Status Report (“WPSR”) for the week of July 19, 2019. EIA reported a crude draw of 10.8 million barrels for the week, largely due to the impact of Hurricane Berry as it th...

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 price discovery higher (following the completed initial correction from 60.94...

If one were to simply look at the price of crude oil over the last month, you’d be left with the conclusion that the market is bearish. With the outright price of WTI falling over the week and month, investors may be tempting to throw in the towel and join the bears. It is my belief t...

A Port Authority officer points at the Bavand, one of two stranded Iranian vessels, anchored at the port in Paranagua, Brazil, Thursday, July 25, 2019. ((AP)) Oil prices remain relatively stable and ended on Friday with slight losses, taking them close to where they started the week. Brent...