SZO News and Press, DB Crude Oil Short ETN From 10/11/19

Welcome to the where's the oil edition of Oil Markets Daily! US crude imports are about to set a new monthly low this month. We are seeing October US crude imports coming in at ~6 mb/d. Next week will show elevated imports of ~7 mb/d followed by sub ~6 mb/d for the following three we...

The total count of U.S. active drilling rigs adds one to 856, snapping a streak of seven consecutive weekly declines, Baker Hughes reports in its latest survey . More news on: The United States Oil ETF, LP, The United States Natural Gas ETF, LP, VelocityShares 3x Long Natural Gas ETN, Ene...

Crude oil was sitting at just above its recent low and level of technical support over recent trading sessions. Crude oil is the energy commodity that continues to power the world. Despite the growing trend that embraces alternative fuels in place of hydrocarbons, oil demand around the globe r...

Attacks on Saudi oil facilities and low OPEC production aren't enough to keep oil prices up. Gold's lustre, though, is still hard to ignore. Bart Melek, head of global commodity strategy, TD Securities weighs in. Original Read more ...

An explosion damaged an Iranian oil tanker off the Saudi port city of Jeddah, according to Iranian state media, adding that experts suspected it was a "terrorist attack." More news on: The United States Oil ETF, LP, iPath S&P GSCI Crude Oil Total Return Index ETN, VelocityShares 3x Lon...

Crude oil is a fabulous instrument to trade for a host of reasons. Firstly, it moves swiftly, and as a percentage of the underlying price per barrel, it moves with great amplitude. Over time, it adheres nicely to Elliott Wave counts and Fibonacci extensions and retracements. Normally, the retr...

Saudi Arabia tells OPEC that its crude oil production fell by 660K bbl/day in September to 9.13M bbl/day, underlining its swift recovery from the Sept. 14 attacks on key oil infrastructure. More news on: The United States Oil ETF, LP, Energy Select Sector SPDR ETF, iPath S&P GSCI Cru...

EIA Petroleum Inventories : Crude +2.9M barrels vs. +1.4M consensus, +3.1M 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...

One of the worst-performing sectors of the stock market has been energy-related companies. Part of the problem has been the weakness in oil and gas prices. In 2018, crude oil traded to a high at $76.90 per barrel on the nearby NYMEX futures contract. In 2019, the high has been at $66.60 in lat...

Welcome to the stagnate edition of Oil Markets Daily! EIA 914 last week was a bit of a surprise to us. It wasn't the fact that production in July was down relative to June. We knew GOM shut-in from hurricane was ~320k b/d in July, but it was the fact that overall production with the decl...