USOD News and Press, United States 3x Short Oil Fund From 12/11/19

By Bob Iaccino At a Glance Will Saudi Arabia continue being supportive of supply cuts? The price of oil will be key for the valuation of Aramco ([[ARMCO]]) shares. Anyone who has traded crude oil knows that, for the better part of five decades, the Organization of the Petroleum E...

Several weeks ago I posted a trade alert article here on Seeking Alpha suggesting a very trade-able downside move that is setting up in crude oil. In it, I stated: Crude is moving into the 60 region that has been our target zone for some time now. Once this move up completes, which we su...

We took a brief hiatus from our weekly series Open Insights to update our oil thesis, recently published here , but we’re back now back to looking at the EIA’s Weekly Petroleum Status Report (“WPSR”) for the week of November 29, 2019. EIA reported a draw this wee...

Welcome to the disappointing refinery throughput edition of Oil Markets Daily! US refinery throughput in 2019 has been absolutely dismal compared to 2018. Source: EIA, HFI Research Our main point related to the dismal throughput has to do with US refinery throughput from September to...

The new government statistics are out. September marked the first month that U.S. exports of crude oil, and petroleum products, surpassed imports since the government started recording the data in 1949. This is a milestone, as the United States is energy independent for the first time in 70 ye...

In this article, we examine the significant weekly order flow and market structure developments driving WTI's price action. As noted in last week's WTI Weekly , the primary expectation for this week was for price discovery lower, barring failure of 58.30s as resistance. This expectation did...

The over-compliance will result in cuts of 1.7 million bpd. Brent crude rose above $64 per barrel after OPEC+ producers unanimously agreed to deepen output cuts by 503,000 barrels per day (bpd) to a total of 1.7 million bpd till the end of the first quarter of 2020. The breakdown is that...

The crude oil that comes from producing nations around the globe has different properties. Lighter sweeter crude oil has a lower sulfur content and is more appropriate for processing into gasoline. Brent crude oil that has higher levels of sulfur and is heavier is a better grade when it comes ...

OPEC issued a press release on December 6th that stated: The 7th OPEC and non-OPEC Ministerial Meeting, hereby decided for an additional adjustment of 500 tb/d to the adjustment levels as agreed at the 175th Meeting of the OPEC Conference and 5th OPEC and non-OPEC Ministerial Meeting. The...

Gainers:  Velocity 3X Long Crude Oil (NYSEARCA: UWT )  +18.7% . More news on: VelocityShares 3x Long Crude Oil ETN, USCF Funds Trust - United States 3x Oil Fund, ProShares Trust II - ProShares UltraPro 3x Crude Oil ETF, News on ETFs, Stocks on the move, Read more ...