SZO News and Press, DB Crude Oil Short ETN From 09/17/19

Crude oil plunges suddenly in reaction to a Reuters report that says Saudi Aramco is close to restoring 70% of the 5.7M bbl/day of production knocked offline by the weekend attacks, and output likely will be fully back online in the next 2-3 weeks. More news on: The United States Oil ET...

The rally in oil prices is taking a breather after yesterday's historic gains that saw October WTI settle up 14.7% to $62.90/bbl. More news on: The United States Oil ETF, LP, iPath S&P GSCI Crude Oil Total Return Index ETN, VelocityShares 3x Long Crude Oil ETN, News on ETFs, Commodit...

The unprecedented attack on Saudi Arabia’s Abqaiq crude oil processing facility, the largest in the world, is getting a lot of attention and rightly so. As the single worst supply disruption in the oil markets in history, one would expect a bit of press. There are a few aspects of the e...

The attack on Saudi Arabia 's oil infrastructure over the weekend has spiked the price of crude oil to almost $60 per barrel. That is a whopping 8%+ increase over last Friday's close which is significant. Being cycle analysts, it is our job to figure out what this recent move has done to crud...

Crude oil ends a historic session with October WTI (NYSEARCA: USO ) settling +14.7% to $62.90/bbl, the highest finish for a front-month contract since May 21, and Brent (NYSEARCA: BNO ) settling +14.6% to $69.02/bbl after soaring as much as 19.5%, its biggest gain on record. More ne...

Crude oil prices are near their highs of the day after Saudi Arabia charges Iranian weapons were used to attack its oil installations, dismissing claims of responsibility by Yemen's Houthi rebels, after U.S. intelligence officials reportedly shared information with the Saudis that Iran w...

"No matter whether it takes Saudi Arabia 5 days or a lot longer to get oil back into production, there is but one rational takeaway from this weekend's drone attacks on the Kingdom’s infrastructure - that infrastructure is highly vulnerable to attack," according to analysts at Citi. ...

By Jeffrey Halley Oil futures leapt this morning by over 15% in a knee-jerk reaction to the attack on the Saudi Arabia Abqaiq oil facility over the weekend that notionally, took 5% of the world's supply offline. Brent futures spiked by 20% and WTI futures by 15% despite U.S. President Trum...

By Warren Patterson, Head of Commodities Strategy This past weekend has seen significant attacks on Saudi Aramco facilities, which has led to the disruption of 5.7MMbbls/d of oil production. For now, it is still uncertain how long this disruption will last, but what is clear is that the...

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...