SZO News and Press, DB Crude Oil Short ETN From 09/27/19

Crude oil prices drop ~$1/bbl after WSJ reports Saudi Arabia has agreed to a partial cease fire in Yemen ; WTI -1% to $55.85/bbl, Brent -1.2% to $61.97/bbl. More news on: The United States Oil ETF, LP, Energy Select Sector SPDR ETF, iPath S&P GSCI Crude Oil Total Return Index ET...

Welcome the to demystify edition of Oil Markets Daily! Since the attack on Saudi's Abqaiq plant, we've read dozens of commentary from both ends of the extreme. On one end, some commentators suggested that the impacted production would be out for months. And on the other end, Saudi source...

Saudi Aramco ( ARMCO ) has restored its production to pre-attack levels, according to reports from Reuters and Bloomberg . Production at the Khurais field is at 1.3 million barrels per day and the Abqaiq plant is about 4.9 million. Total production capacity is estimated to be 11.3 million. ...

Crude oil prices ( USO -1.6% ) slide for the third straight day , with WTI crude returning below its 50-day moving average ($56.06/bbl) and now just $1/bbl above the level seen on Sept. 13, the day before the attacks on Saudi Arabia's oil installations; November WTI -1.7% to $55.54/bbl,...

On Saturday, September 14, seventeen drones flew into Saudi sovereign territory and hit targets in the Saudi oil fields. The attack that temporarily knocked out 50% of daily Saudi output had Iran's fingerprints all over it. As the largest OPEC producer, the Saudis lost what amounted to around ...

Crude oil prices are down but off earlier lows, as Saudi Arabia restores production more quickly than expected after the Sept. 14 attacks on its oil facilities and U.S. crude inventories recorded a surprise increase . More news on: The United States Oil ETF, LP, Cimarex Energy Co., E...

EIA Petroleum Inventories: Crude +2.4M barrels vs. -0.2M consensus, +1.1M 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 Bryce Bingham Crude oil production in the Permian has more than quadrupled since 2011 and the basin is now, on its own, the fifth-largest producer of crude in the world. The Permian has long faced a lack of takeaway capacity due to its rapid growth, but new long-haul pipelines are final...

The American Petroleum Institute reportedly shows a build of 1.4M barrels of oil for the week ending Sept. 20, following a 592K-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 Crud...

Crude oil prices (NYSEARCA: USO ) are mired in the red after weak manufacturing data from Europe and Japan focused attention on doubts about energy demand and as Saudi Arabia could restore full oil production faster than previously expected. More news on: The United States Oil ETF, LP, H...