SZO News and Press, DB Crude Oil Short ETN From 09/16/19

Although oil prices weakened compared to a week earlier, Brent crude remained above the $60 barrier. WTI softened to $54.85 per barrel. Oil prices have fallen by about $10 per barrel from a peak in early April, but remain broadly stable. The appointment of the new Saudi energy minister brought...

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. This expectation did play out, albeit modestly, as pric...

Investing in crude oil long or inverse ETFs has offered active investors a host of exceptional opportunities this year, and for those who care to take the time to understand the Elliott Wave patterns in crude oil, it will soon be setting up some even more exceptional opportunities over the 12 ...

Drone strikes on the heart of the Saudi oil industry forced the kingdom to shut down half its crude production on Saturday, amounting to a loss of about 5M barrels a day, or roughly 5% of the world's daily production of crude oil, WSJ reports . More news on: Saudi Aramco, The United Sta...

I have been following this issue for many months now, pointing out in a number of articles the likely disconnect between where we expect US oil production to be headed, based on EIA forecasts, and where a number of other indicators suggest we are going for the rest of this year and next. The...

Welcome to the next edition of Oil Markets Daily! US crude storage estimates in recent weeks have hit our estimates almost to the dot. Source: HFI Research Over the last 8-weeks, our average miss has been -0.03 mbbls which is to say we've basically been on the dot with EIA's figures....

The total count of U.S. active drilling rigs falls by another 12 to 886 for its fourth straight weekly decline, according to Baker Hughes' latest weekly survey . More news on: The United States Oil ETF, LP, The United States Natural Gas ETF, LP, VelocityShares 3x Long Natural Gas ETN, Ene...

The crude oil market has been following the ongoing saga on trade between the US and China. The trade war that escalated in early August weighed on the price of the energy commodity. The threat of a global recession sent the price of nearby NYMEX futures down to a low at around $50.50 per barr...

Overview Some gestures in the US-China trade spat have given the market the reason to do what it had been doing, and that is taking on more risk. Equities are higher in Asia-Pacific and opened in Europe higher before slipping. The MSCI Asia Pacific and the Dow Jones Stoxx 600 are advancing f...

The driving season is the time of the year when demand for gasoline peaks in the United States. The peak season begins in late May each year. The gasoline futures market tends to move higher in the months leading up to the time when drivers put more clicks on their odometers and consume more o...