SZO News and Press, DB Crude Oil Short ETN From 10/23/19

Crude oil futures ( USO +2.6% ) settled at their highest levels in nearly a month , after U.S. government data revealed a surprise weekly decline in crude supplies for the first decline six weeks. More news on: The United States Oil ETF, LP, Energy Select Sector SPDR ETF, iPath S&P ...

Latin America has become an increasingly important source of medium and heavy crude oil to feed America's west coast refineries. Ecuador's location on the northwestern coast of South America has made it especially important for these facilities even if volumes emanating from the country have...

By Bryce Bingham Oil production in the US has seen an explosion of growth over the last decade, which resulted in the US becoming the world's leading producer of oil last year. From 2010 to 2018, annual US crude production more than doubled, increasing from 5.5 million barrels per day (MMB...

Welcome to the complex edition of Oil Markets Daily! The complexity of the oil market never stops to impress us. Following the COSCO sanctions, the crude flow balance has been altered with the East starving of crude right in front of IMO 2020 and the West getting discounted in order to m...

I wrote an article back on March 9, 2016, “ Why Crude Oil Prices May Have Bottomed .” It was soon after oil prices had dropped to $26/b in February. As it turned out, oil prices had indeed bottomed. I recently read an article, Crude Oil Has Bottomed . The thesis is that U....

We took a brief hiatus from our weekly series Open Insights to update our oil thesis, recently published here . Picking up last week, we’ll do a quick one for today, and take a look at the EIA’s Weekly Petroleum Status Report (“WPSR”) for the week of October 11, 20...

By Andrew Robinson The so-called "Phase One" of the US-China trade deal appears to be progressing, with China boosting purchases of US agricultural products. The better outlook is keeping a lid on gold while boosting industrial metals, though oil is struggling to benefit. Precious metals...

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 52.19s as support. This expectation ...

This year has been quite a turbulent one when it comes to the price of crude oil. After beginning the year with a solid five-month rally that increased the price per barrel by $20, price has since reversed a good percentage of this movement. It is my belief that the current pullback in the pri...

The total count of active drilling rigs in the U.S. falls by 5 to 851, resuming its steady decline after last week's small gain broke a streak of seven straight weekly declines, according to Baker Hughes' latest survey . More news on: The United States Oil ETF, LP, The United States Natur...