SZO News and Press, DB Crude Oil Short ETN From 08/17/19

Crude oil is the energy commodity that powers the world. When the global economy expands, demand for energy rises, and when it contracts, crude oil often moves to the downside. Perhaps the most dramatic example of how recessionary forces on a global scale impact the price of crude oil futures ...

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 within the context of a potentially completed corrective phas...

The total count of active U.S. drilling rigs rises by 1 to 935, breaking a string of declines, 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 GSCI Crude Oil Total Return Index ETN,...

OPEC cuts its forecast for oil demand growth this year by another 40K bbl/day to 1.1M bbl/day and indicates the market will be in slight surplus next year. More news on: The United States Oil ETF, LP, Energy Select Sector SPDR ETF, iPath S&P GSCI Crude Oil Total Return Index ETN, En...

Continuing our weekly series, Open Insights, we'll take a look at the EIA's Weekly Petroleum Status Report ("WPSR") for the week of August 9, 2019. EIA reported a crude build of 1.6M barrels for the week, adding to a build from last week to begin the month of August. Refinery utilization fel...

The U.S. Energy Information Agency released the most recent U.S. Petroleum Balance Sheet for the week ending August 9, 2019: Total Stocks, including SPR, increased slightly by 2.4 million barrels, primarily due to an increase of 1.6 million barrels in Crude Oil inventories. Total Stoc...

Saudi Aramco's (ARMCO) panned multi-billion dollar investment in India's Reliance Industries is another major diversification move for the world's most profitable company. The world's top oil producer has signed a letter of intent to take a 20 percent stake in Reliance's oil-to-chemicals bus...

EIA Petroleum Inventories : Crude +1.6M barrels vs. -2.8M consensus, +2.4M last week. More news on: The United States Oil ETF, LP, iPath S&P GSCI Crude Oil Total Return Index ETN, ProShares Trust II - ProShares Ultra Bloomberg Crude Oil, Energy stocks news, Stocks on the move, Comm...

By Stacey Morris While recent oil price volatility has been in the spotlight, the weakness in natural gas prices has begun to cause headaches for upstream companies, with consequences for some midstream names. An oversupply of natural gas has sent prices to multi-year lows, creating challe...

Crude oil prices fall sharply in the wake of weak economic data from China and Europe and a rise in U.S. crude inventories, partly erasing yesterday's big gains; WTI -2.5% to $55.68/bbl, Brent -2.1% to $60.03/bbl. More news on: The United States Oil ETF, LP, Energy Select Sector SPD...