SZO News and Press, DB Crude Oil Short ETN From 11/27/19

By Scott Bauer More than 55 million travelers have made plans to travel 50 or more miles away from home this Thanksgiving. According to AAA, 2019 will be the second-highest Thanksgiving travel volume on record. But the market never rests, even as we approach the holiday season. The Ameri...

While it's supposed to be "The Most Wonderful Time of the Year," things have been anything but wonderful in the energy sector, including midstream. The Alerian MLP Infrastructure Index (AMZI) hit lows last week on par with levels seen in February 2016 when WTI crude hit a relative bottom at ...

The American Petroleum Institute reportedly shows a build of 3.64M barrels of oil for the week ending Nov. 22. 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, Energy stocks news, Commodities news, New...

Oil services companies' fees for services and equity values have always been cyclical as oil market conditions ebb and flow. But this time, they are in a secular decline. "The oilfield services industry has fundamentally changed. Companies will no longer be able to generate the high operating ...

Welcome to the global crude edition of Oil Markets Daily! Refining margins are getting obliterated. Tanker rates shot up again last week and refinery run cuts are now expected. So the question becomes, why are physical crude spreads so tight? Brent 1-2 Refining Margins Source...

We took a brief hiatus from our weekly series Open Insights to update our oil thesis, recently published here , but we're now back to looking at the EIA's Weekly Petroleum Status Report ("WPSR") for the week of November 15, 2019. EIA reported a fourth consecutive build this week to the tune...

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 56.43s as support. In a tale of two ...

US crude inventories rose by 1.8 million barrels despite refinery runs increasing by 519,000 bpd. Oil prices were relatively steady with Brent crude holding above $63 per barrel, near an eight-week high, and WTI finishing above $57 per barrel. The physical spot market is getting tighter ...

The U.S. Energy Information Administration ("EIA") released the most recent Petroleum Balance Sheet for the week ending November 15, 2019: Total Stocks, including the Strategic Petroleum Reserve, dropped by seven million barrels, a significant week-over-week change, especially because last...

The price of nearby NYMEX crude oil futures has traded in a range from $44.35 to $66.60 in 2019. However, the price of the WTI energy commodity futures has not been below the $50 per barrel level since the week of January 7. The price of NYMEX futures hit its high for this year in late April, ...