UWT News and Press, Citigroup Global Markets Holdings Inc ZC SP ETN REDEEM 15/12/2031 USD 25 From 03/27/20

The count of active U.S. drilling rigs in the U.S. plunges by 44 to 728, after falling by 20 a week earlier, according to the latest weekly survey from Baker Hughes. More news on: The United States Oil ETF, LP, The United States Natural Gas ETF, LP, VelocityShares 3x Long Natural Gas ETN...

A new OPEC+ deal to balance oil markets might be possible if other countries join in, according to Kirill Dmitriev, head of Russia’s sovereign wealth fund. More news on: The United States Oil ETF, LP, iPath S&P GSCI Crude Oil Total Return Index ETN, VelocityShares 3x Long Crud...

U.S. crude oil drops (CL1: COM) following three days of gains, with worries over rapidly dwindling demand due to coronavirus travel bans and lockdowns outweighing effects of the $2T U.S. emergency stimulus package; April WTI -2.8% to $23.81/bbl, but May Brent +0.2% at $27.46/bbl....

The unprecedented collapse in oil demand will lead to a massive oil glut that that not even a supply production freeze or cut from OPEC can rectify, Goldman analysts say. More news on: The United States Oil ETF, LP, ProShares Trust II - ProShares Ultra Bloomberg Crude Oil, Invesco DB Oil E...

Welcome to the reality hurts edition of Oil Markets Daily! The reality will start to set in for everyone in OPEC+. Russian oil producers will be the first to refuse to increase oil production into a lower oil price environment. As we noted over the weekend, " Global Production Shut-In Is N...

The American Petroleum Institute reportedly shows a draw of 1.25M barrels of oil for the week ended March 20, its second straight drop after a string of seven consecutive weekly gains. More news on: The United States Oil ETF, LP, iPath S&P GSCI Crude Oil Total Return Index ETN, Veloc...

Pre-market action in the Big Oil names indicate big gains when trading opens, as crude oil prices surge on hopes the U.S. will soon reach a deal on a $2T coronavirus aid package that could help support oil demand. More news on: Energy Select Sector SPDR ETF, Exxon Mobil Corpora...

Introduction The oil market appears to be seriously over-supplied currently, giving prices in this commodity only one direction to travel, down. We are seeing indications of a historically over-supplied market right now, so we expect continued weakness on the commodity front. The impact of t...

Welcome to the export edition of Oil Markets Daily! People keep thinking about the oil market in a vacuum. They are imaging the global oil trade like a faucet to a bucket. Oil produced - oil consumption = delta But what's not being said is about the function of the oil market and how o...

Co-produced with "The Value Portfolio" The purpose of this article is to discuss the short- and long-term impacts of oil prices on the midstream sector. Stay tuned for a follow-up article discussing the best midstream companies along with which midstream companies you should avoid. Mi...