USOD News and Press, United States 3x Short Oil Fund From 11/20/19

WALNUT CREEK, Calif. , Nov. 20, 2019 /PRNewswire/ -- United States Commodity Funds LLC (the "Company"), a sponsor of exchange-traded products, plans to close and liquidate two of its exchange-traded products.  On November 20, 2019 , the Board of Directors of the Company authori...

Using inventories to predict oil prices has some merit, but it is only one factor to consider. For example, last October and November, crude oil prices crashed, leading up to the imposition of sanctions on Iranian oil, and the granting of waivers. That price development had nothing to do with ...

The American Petroleum Institute reportedly shows a build of 5.95M barrels of oil for the week ending Nov. 15. 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 prices have been exceptionally stable through most of 2019 establishing itself comfortably at about $60/bbl (Brent) with little deviation except briefly in the aftermath of the attack on the Saudi oil facilities this summer. However, I believe that oil prices are about to experience a hard...

By Blu Putnam At a Glance As Saudi Arabia's state-owned oil company prepares for an IPO, the country could move away from managing oil supply. The U.S. has taken the role of world's top oil producer. The coming Initial Public Offering ((IPO)) for Aramco ([[ARMCO]]), the Saudi Ara...

Over the last few weeks, I've argued fairly extensively that I believe that the bottom is in for crude oil and that we are likely to see crude rally possibly 50% or more from here. In this piece, I will examine the latest fundamental data from the EIA as well as draw on additional elements...

Brent crude rose above $63 for the first time in more than seven weeks despite a bearish International Energy Agency ((IEA)) 2019 outlook that was published shortly before the monthly report from the IEA. As usual, that highlighted weak demand and rising non-OPEC supply of some 2.3 million b...

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 55.76s as support. This expectation ...

The prices of WTI and Brent crude oil futures on the NYMEX division of the CME and the Intercontinental Exchange have been crawling higher since early October. When it comes to the nearby NYMEX WTI futures, the third trip below the $51 per barrel level in early October took the price of the ...

Instrument The S&P GSCI Crude Oil Total Return Index ( OIL ) reflects the returns that are potentially available through an unleveraged investment in the West Texas Intermediate crude oil futures contract. In other words, the return on the index is directly proportional to the return on ...