SZO News and Press, DB Crude Oil Short ETN From 08/30/19

Welcome to the flatter than pancake edition of Oil Markets Daily! EIA 914 report came out today and US oil production declined slightly versus May. June production came in at 12.082 mb/d versus 12.115 mb/d. As a result, US oil production finished the first half of 2019 flat versus Decemb...

The count of total active drilling rigs in the U.S. tumbles by another 12 to 904, after falling by 19 a week earlier, Baker Hughes reports in its latest weekly survey . More news on: The United States Oil ETF, LP, The United States Natural Gas ETF, LP, iPath S&P GSCI Crude Oil Total R...

Crude oil futures tumble following reports that Russian Energy Minister Novak said Russia's oil production cuts this month will come in slightly below those agreed under the deal between OPEC and non-OPEC producers; WTI -3.7% to $54.63/bbl, Brent -1.2% to $60.32/bbl. More news on: T...

Crude oil futures extended yesterday's gains, boosted by a big draw on U.S. crude inventories and as the approach of Hurricane Dorian toward Florida raised fears that offshore U.S. crude producers may cut production if the storm passes into the Gulf of Mexico after the weekend. More new...

Welcome to the OOW edition of Oil Markets Daily! EIA reported a bullish crude draw report today of -10 mbbls. This was slightly higher than our estimate of -9 mbbls. Since we've made the improvement on June 14th, we have seen much more accurate estimates from our US weekly crude storag...

Crude oil futures ( USO +1.3% ) are in the green but off highs of the day, after U.S. government data showed the largest weekly drop in five weeks for domestic crude supplies, helping ease concerns about slowing demand; October WTI  +1.8% to $55.91/bbl, Brent +1.8% to $60.57/bbl....

The oil market has once again come to the forefront as a major worry for investors. As was the case in last year’s stock market plunge, oil prices are under pressure as the trade war threatens to further reduce global demand. In this report, we’ll look at the evidence which shows...

Morgan Stanley lowers its oil price forecasts for the rest of the year, citing softer demand growth due to weaker global economic growth and rising shale production that could offset OPEC's attempts to support the market. More news on: The United States Oil ETF, LP, Energy Select Sector ...

The American Petroleum Institute reportedly shows a draw of 11.1M barrels of oil for the week ending Aug. 23, following a 3.5M-barrel draw 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 ...

Crude oil futures climbed in volatile trading, following data showing significant production cuts by major oil producers in July and expectations for a drop in weekly U.S. crude supplies; October WTI +2.4% to $54.93/bbl, Brent +1.4% to $59.51/bbl. More news on: The United States Oil...