USOU News and Press, United States 3x Oil Fund From 12/13/19

The OPEC data for the charts below are from the OPEC Monthly Oil Market Report and is thousand barrels per day. OPEC 14 was down 193,000 barrels per day in November, but that was after October production had been revised up by 94,000 bpd. Algeria slightly increased production in November...

With many emerging markets battling the deflationary force of low commodity prices, this fall’s crude oil rally is a welcome sign. Oil prices are threatening to break out above the benchmark $60 level, which would be good news for the world economy. In this report, I’ll make the ...

Saudi Arabia is quietly trying to mend fences with Iran and other regional foes, as it grows more worried about the risks conflict poses to its oil-dependent economy, WSJ reports. More news on: The United States Oil ETF, LP, iPath S&P GSCI Crude Oil Total Return Index ETN, Velocity...

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 ...

Energy ( XLE +1.7% ) is today's top-performing S&P sector in a broadly higher market, recouping earlier losses to gain 1.6% for the week, trading ahead of the remaining 10 groups on this week's leaderboard. More news on: Energy Select Sector SPDR ETF, Baker Hughes Company, Marathon O...

Crack or refining spreads in the oil market are the economics of processing a barrel of crude oil into products. Gasoline and distillates, including heating oil, jet, diesel, and other fuels are all petroleum products. The primary ingredient in the products is the raw crude oil, so the price a...

Crude oil futures ( USO -0.7% ) pulled back from three-month highs after the latest weekly U.S. government data showed an unexpected increase in domestic supplies ; January WTI settled -0.8% to $58.76/bbl, February Brent -1% to $63.72/bbl. More news on: The United States Oil ETF, ...

Original Post By Stuart Burns After much delay and considerable uncertainty, Saudi Aramco finally got its IPO away, albeit only on the domestic Saudi market and not in New York, London or Hong Kong - yet. Shares were priced at $8.53, or 32 Saudi riyals. As such, the IPO will raise ...

When there's a slide highlighting "checks and balances" in an oil producer's presentation, as seen in the appendix of EOG Resources' (EOG) 3Q19 presentation , that's probably a good sign of heightened political risk facing the energy industry. To state the obvious, election season is well und...

By Warren Patterson, Head of Commodities Strategy and Wenyu Yao, Senior Commodities Strategist Deeper cuts announced by OPEC+ in December should do a good job in supporting oil prices around current levels over the first quarter. But we still think the group will need to take...