USOD News and Press, United States 3x Short Oil Fund From 12/04/19

Saudi Arabia is threatening to increase oil production unilaterally if some OPEC nations continue to defy existing output cuts, WSJ reports, citing cartel officials. More news on: The United States Oil ETF, LP, iPath S&P GSCI Crude Oil Total Return Index ETN, VelocityShares 3x Long...

The American Petroleum Institute reportedly shows a draw of 3.72M barrels of oil for the week ending Nov. 29. 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, News...

This is a guest post by Ovi. All of the oil production data for the states comes from the EIAʼs Petroleum Supply Monthly . The charts below are updated to September 2019 for the largest US oil-producing states (>100 kb/d). There continues to be much speculation and informati...

In an effort to prop up Aramco's ( ARMCO ) IPO share price, Saudi Arabia will push for an oil output cut extension at this week's OPEC+ summit to at least June 2020, Persian Gulf officials told WSJ . More news on: Saudi Aramco, The United States Oil ETF, LP, iPath S&P GSCI Crude Oil...

Introduction The markets, jittery as ever on Friday, took to heart rumblings coming from the attendees of the bi-annual summit in Vienna. The oil price tumbled as a result, dropping 5% in a single day to finish just above $55/bbl. Here's the issue for Riyadh. KSA has shouldered the brunt o...

OPEC will meet next week on Dec. 5-6 Although Brent crude dropped below $63 per barrel by the week closing, oil prices are still very close to the levels that prevailed around OPEC's meeting six months ago when an output cut rollover was suggested till March 2020. OPEC will meet next wee...

Amid the shale boom and President Trump's drive for American energy independence, the U.S. has posted its first full month as a net exporter of crude oil and petroleum products since government records began in 1949. More news on: The United States Oil ETF, LP, iPath S&P GSCI Crude Oil...

For the fifth straight month, I continue to expect West Texas Intermediate oil prices to range between $52.50 and $62.50. With the expected announcement of the US-China phase-one trade deal and with the upcoming OPEC+ meeting on December 5 and 6, there is no point commenting on November's ev...

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 57.37s as support. In a tale of two ...

The US Becomes Net Exporter of Crude Oil & Petroleum Products for First Time. US exports of crude oil and petroleum products - this includes gasoline, diesel, jet fuel, naphtha, and many others - exceeded imports in September by 89,000 barrels a day, the EIA reported today, and so the ...