SZO News and Press, DB Crude Oil Short ETN From 09/30/19

Continuing our weekly series, Open Insights, we'll take a look at the EIA's Weekly Petroleum Status Report ("WPSR") for the week of September 20, 2019. EIA reported a 2.4M barrel crude draw for the week as refinery utilization declined slightly by 1.4%. Tropical Storm Imelda will play a bigg...

On Wednesday, the U.S. Energy Information Administration ("EIA") released the latest Weekly Petroleum Status Report : Total Stocks , including the Strategic Petroleum Reserve ("SPR"), was relatively unchanged and increased by just below one million barrels to 1.94 billion barrels or 45 mil...

By Stuart Cartner, Portfolio Manager , and Shawn Amini, Senior Analyst The rise of US shale oil over the past decade has upended previous energy market norms, leading to uncertainty over supply trends and heightened volatility that ebbs and flows even today. Furthermore, the emergence...

By Dennis Coyne The EIA recently released its International Energy Outlook and it is quite optimistic. In the chart below, I compare their estimate for World Crude plus Condensate (C+C) output with an oil shock model with a URR of about 3100 Gb. The IEO reference scenario shown above (...

The limited trade agreement between the US and Japan boosted trade optimism that a similar deal could be struck between the US and China. Both sides continue to send mixed messages, but so far, the balance has been on the more positive side with a tentative meeting date set for October 10 to t...

Since the September 14 attack on Saudi oilfields, the price of nearby November NYMEX crude oil futures has traded in a range from $54.75 to $63.89 per barrel. The high came when the market reopened after drones temporarily knocked out 50% of daily Saudi output, which amounts to around 6% of th...

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, barring failure of 57.58s as support. This expectation ...

If there is one factor that can truly support oil prices ( USO ) in the long term, it is growing demand from non-OECD countries like India and China. It wouldn't be wrong to say that there are several factors that are currently acting against oil prices. In my previous article on this subjec...

The total count of active drilling rigs in the U.S. declines by 8 to 860, its sixth consecutive weekly decline, according to the latest Baker Hughes survey . More news on: The United States Oil ETF, LP, The United States Natural Gas ETF, LP, VelocityShares 3x Long Natural Gas ETN, Energy ...

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...