SZO News and Press, DB Crude Oil Short ETN From 10/27/19

Each time the crude oil futures market approaches the $50 per barrel level, it looks like déjà vu from the final quarter of 2018 these days. Last year, the price of nearby NYMEX futures cascaded lower from $76.90 in early October to a low at $42.36 per barrel in late December. On S...

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 52.39s as support. This expectation ...

Last week, I wrote an article , in which I argued that crude oil has bottomed and that price is likely to rise from here. This article caused quite a stir with one analyst on Seeking Alpha even going so far as to write a direct rebuttal to the piece. In this article, I will dig deeper into ...

The total count of active drilling rigs in the U.S. plunges by 21 to 830, its eighth decline in the past nine weeks, Baker Hughes says 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, Energy ...

Albertans who oppose Trudeau's oil policies spoke out clearly on election night, giving Conservatives a clean sweep in the province. So what's in store for the Canadian oil patch? Kim Parlee speaks with Michael O'Brien, portfolio manager at TD Asset Management. Original Read more ...

Brian Sulley: Hello. I am Tortoise Client Portfolio Manager Brian Sulley and I am joined by Tortoise Managing Director and Portfolio Manager Rob Thummel. It’s still 2019 but the election season is upon us. We are 377 days from the 2020 United States presidential election but only 102 ...

As the December OPEC meeting approaches, it's becoming increasingly certain that there's trouble ahead. According to Bloomberg : "The OPEC+ group of oil producers will need to make deeper output cuts when they meet in December. That’s the inescapable conclusion from the latest...

Welcome to a tight quarter edition of Oil Markets Daily! Global oil inventories continue to counter-seasonally decline especially in refinery maintenance-heavy month like October. Total oil stock inventories dropped 4.5 mbbls globally last week and what's going to be more staggering go...

Today's biggest action in energy commodities is in natural gas ( UNG +1.3% ), with December gas settling +1.7% to $2.32/MMBtu, on forecasts of lower than normal temperatures in parts of the central and western U.S. More news on: The United States Oil ETF, LP, The United States Natura...

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 ...