SZO News and Press, DB Crude Oil Short ETN From 11/07/19

By OVI Below are a number of Non-OPEC charts created from data provided by the EIA's International Energy Statistics. The charts and table below are primarily for the world's largest Non-OPEC producers and are updated to July 2019, except for the U.S., which is updated to August 2019. ...

Crude oil prices ( USO -1.1% ) tumbled after U.S. government data revealed that domestic supplies surged by nearly 8M barrels; December WTI settled -1.5% to $56.35/bbl and January Brent finished -1.9% to $61.74/bbl. More news on: The United States Oil ETF, LP, Energy Select Sector SP...

The American Petroleum Institute reportedly shows a build of 4.26M barrels of oil for the week ending Nov. 1. More news on: The United States Oil ETF, LP, iPath S&P GSCI Crude Oil Total Return Index ETN, VelocityShares 3x Long Crude Oil ETN, News on ETFs, Read more ...

"The outlook for global growth, at least in the short- and medium-term, has been revised down repeatedly over the past year... as U.S. tight oil (shale), in particular, has again outperformed expectations," OPEC wrote in its closely-watched annual World Oil Outlook. More news on: The Unite...

The last month has finally rewarded the long traders in the United States 3x Oil Fund ( USOU ) with shares returning 12%, bringing the year-to-date return to 25% for the fund. In this article I will make the case that I believe that there is substantial upside ahead for investors in USOU and t...

As noted in last week’s WTI Weekly , the primary expectation for this week was for price discovery higher, barring failure of 55.41s as support. This expectation did not play out as selling interest emerged early week, driving price lower through key support to 53.71s. Buying interest ...

We took a brief hiatus from our weekly series Open Insights to update our oil thesis, recently published here , but we're back to looking at the EIA's Weekly Petroleum Status Report ("WPSR"). This is for the week of October 25, 2019. EIA reported a significant crude build of 5.7M barrels fo...

For the fourth straight month, I expect West Texas Intermediate oil prices to range between $52.50 and $62.50. With all the uncertainties surrounding trade, global growth, and future oil supply and demand, oil prices remain reasonably volatile. The US-China trade war should become less sever...

In 2018, the price range in the NYMEX crude oil futures market was $34.54. During the final three months of last year, the price traded on both sides of the range. The high came in early October at $76.90 and the low in late December at $42.36 per barrel. In 2019, we have not seen the same d...

By OVI All data for this post is from the EIA's Petroleum Supply Monthly The charts below are primarily for the largest US oil producing states (>100 kb/d) and are updated to August 2019. If you are interested in additional states, let it be known. Ron has asked if I would take ov...