SZO News and Press, DB Crude Oil Short ETN From 08/05/19

The U.S. Energy Information Agency released the most recent U.S. Petroleum Balance Sheet for the week ending July 26, 2019 : Key Observations: Total oil stocks, including SPR, dropped by 10.1 million barrels, and The vast majority of the week-over-week drop was primarily driven by...

Traders say WTI crude in Midland traded in positive territory today for the first time in more than a month on expectations a new Permian Basin pipeline will start operations soon, Reuters reports. More news on: Plains All American Pipeline, L.P., The United States Oil ETF, LP, iPath S&a...

China is unlikely to target U.S. crude oil if it decides to impose retaliatory tariffs in response to Pres. Trump's plan to impose 10% tariffs on an additional $300B worth of Chinese goods starting Sept. 1, sources at Sinopec ( SNP -3.1% ) trading arm Unipec and independent refineries t...

Crude oil futures continue lower as markets remain concerned about U.S.-China trade tensions and the implications for global energy demand; WTI -1.1% to $55.02/bbl, Brent -1.2% to $61.13/bbl. More news on: The United States Oil ETF, LP, Energy Select Sector SPDR ETF, iPath S&P G...

Welcome to the US oil production edition of Oil Markets Daily! The real-time gauge for US oil production appears to be picking up according to our leading indicator. On a relative basis, at the end of last week the leading indicator was saying US oil production was around ~12.3 mb/d. S...

Oil has been under pressure from concerns over global economic growth amid ongoing US-China trade tensions. (Reuters) Upcoming September crude oil trading was completed without a single unsold Gulf crude cargo. An eventful week ended with downward momentum for oil prices. Brent crude f...

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 lower within the context of an uncomplete corrective phase from 60.9...

The crude oil futures market has been a tale of competing influences over the past few months. Steadily increasing production over recent years from the shale regions of the United States have made the nation the leading producer on the earth. The US was dependent on Middle Eastern oil for dec...

The last 24 hours has witnessed substantial volatility in shares of the United States Oil Fund ( USO ) with a price decline of 6% in a single session. In this article, I will get into the reasons for this price decline but also take a step back and give perspective on the underlying fundamen...

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...