SZO News and Press, DB Crude Oil Short ETN From 08/21/19

EIA Petroleum Inventories : Crude -2.7M barrels vs. -1.9M consensus, +1.6M 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...

Brent crude remained below the $60 per barrel barrier but made a slight rebound over the week to finish at $58.64 per barrel. WTI also achieved a slight weekly rise to $54.87 per barrel. Global financial markets wobbled, with traders and speculators looking to cash out amid fears of a loomin...

The American Petroleum Institute reportedly shows a draw of 3.5M barrels of oil for the week ending Aug. 16, following a 3.7M-barrel build in the previous week. More news on: The United States Oil ETF, LP, iPath S&P GSCI Crude Oil Total Return Index ETN, VelocityShares 3x Long Crude ...

Due to economic fears centered around the fallout of the Trump Administration's trade wars (particularly with China), one might think that there is little for an oil bull to celebrate. If current geopolitical tensions continue to escalate, the likely result will be an eventual recession for th...

Two long-awaited pipelines out of the Permian Basin started shipping oil to Gulf Coast export hubs last week, just as the gap between the U.S. West Texas Intermediate crude benchmark and the global Brent price has fallen to lowest level since July 2018 . More news on: The United States ...

Welcome to the whipping boy edition of Oil Market Fundamentals! Oil prices have been the go-to whipping boy for macro headline trades. Trade war? Sell-off. Bullish storage draws? Ignored. Over the last 2-weeks, we've seen EIA report builds in US crude storage, but most of that is from ...

Crude oil futures ( USO +1.2% ) move higher as risk-on trade resumes and following this weekend's drone attack on one of Saudi Arabia's largest oil fields; WTI  +1.2% to $55.52/bbl, Brent +1.1% to $59.28/bbl. More news on: The United States Oil ETF, LP, Exxon Mobil Corporation,...

All data below, unless otherwise specified are from the latest OPEC Monthly Oil Market Report . All data is through July and is thousand barrels per day. OPEC crude oil production was down 246,000 barrels per day in July There is often a difference between what secondary sources say OPEC ...

For watchers of the crude markets, it’s been a few perplexing weeks with the price of crude oil falling while the structure of the futures market has switched pretty firmly into backwardation across the curve. The reason why this market structure is so perplexing to many is that backwar...

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 ...