WTIU News and Press, UBS AG London Branch ZC SP ETRACS REDEEM 04/01/2047 USD 25 - Leveraged Long From 04/11/20

As noted in last week’s WTI Weekly , the primary expectation for this week was for price discovery higher, barring failure of 22s as support. This expectation did not play out as the key support area, 29s-30s, held early week before a pullback to 23.54s developed into mid-week. Rotatio...

G-20 energy ministers failed today to devise a detailed plan to  follow OPEC+ nations by cutting production to stop plunging oil prices caused by the Saudi-Russian price war and Covid-19. More news on: The United States Oil ETF, LP, Energy Select Sector SPDR ETF, iPath S&P GSCI...

Mexico has reached an agreement on oil production cuts ( CL1:COM ) with OPEC+ after Pres. Trump intervened to resolve the impasse. More news on: Crude Oil Futures, The United States Oil ETF, LP, iPath S&P GSCI Crude Oil Total Return Index ETN, Energy stocks news, Commodities news, To...

One of the underappreciated luxuries of analyzing US oil markets is weekly data on inventories, imports, exports, refining utilization, production, demand and more from the Energy Information Administration's ((EIA)) Weekly Petroleum Status Report . In response to requests and in acknowledg...

As expected, OPEC+ Russia and its alliance partners of 10 countries agreed to meaningful production cuts to shore up an oversupplied market caused by significant demand destruction from the novel coronavirus's spread across the globe. Thirty million barrels per day (bpd) of oil are expected to...

Oil prices ramp up following reports that Saudi Arabia and Russia have reached a deal on a deep production cut. More news on: The United States Oil ETF, LP, iPath S&P GSCI Crude Oil Total Return Index ETN, ProShares Trust II - ProShares Ultra Bloomberg Crude Oil, Energy stocks news, Co...

Messaging about the oil market by the largest three producers in the world - the United States, Russia, and Saudi Arabia - has become a three-ring circus. If there is one solid conclusion, they are not on the same page. OPEC has arranged for a virtual meeting on April 9th to include its memb...

The American Petroleum Institute reportedly shows a build of 11.9M barrels of oil for the week ended April 3, its second consecutive increase after two straight declines. More news on: The United States Oil ETF, LP, iPath S&P GSCI Crude Oil Total Return Index ETN, ProShares Trust II ...

This crash could add the finishing touches to the grand reshuffling of the upstream service sector that started in 2014 The last month has been a nightmare for the upstream service sector. Brent plunged to around $20 in March. And the signs of an impending upstream service sector recover...

By Adam Button U.S. employment fell by 4x expectations, showing a 701K decline in March, but this was not the story of from Friday. A 40% intraday rally in crude oil following a series of remarks and tweets from President Trump that also helped the Canadian dollar. US Crude shot up n...