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

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Overview Oil prices have collapsed to start the new week. The May contract, which expires now, is off over 20% to a little more than $14, and the June contact is off nearly 7% near $23.30. Falling demand and limited storage space continue to overwhelm output cuts from OPEC+ that are to start...

by Daniel Shvartsman We recently published a roundtable discussion on the macro environment, and our panel agreed generally that whatever this market has become, we're still in the early phases of how that plays out. And with a bunch of unknowns that are knocking each other about - an un...

U.S. crude oil ( CL1:COM ) drops below $15/bbl for the first time since 1999 in early trading, extending last week's drop due to shrinking demand and concerns that U.S. storage facilities will soon fill up amid the coronavirus. More news on: Crude Oil Futures, The United States Oil ETF, ...

Global storage capacity will start to ebb after governments sought to fill their strategic reserves. Oil prices fell again to historical lows as the full impact of the largest oil output cut in history needed time to trickle down to the movement of barrels for May delivery. Eventually gl...

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 lower, barring failure of 26.50s as resistance. This expectatio...

Traders are storing an estimated record 160 million barrels of oil on ships - double the level from two weeks ago as they seek to tackle a glut of stocks created by a slide in global demand from the coronavirus, shipping sources say. Organization of the Petroleum Exporting Countries ((OPEC))...

WTI crude oil contracts for May delivery slumped 9% overnight to $18.03/bbl after OPEC economists slashed their global demand forecasts and the Energy Department said domestic producers had boosted U.S. inventories by a record 19.2M barrels. More news on: The United States Oil ETF,...

Recent historic events have thrown the global oil markets for a real loop. On one hand, we have seen the fallout associated with COVID-19. What once looked like a minor pain has morphed into a global catastrophe, the end result of which is, at least for now, a significant drop in oil demand. O...

As the Coronavirus was spreading around the globe like wildfire economic activity ground to a halt. On February 20, the US stock market reached an all-time high. On the same day, the price of crude oil traded to $54.82 per barrel. Few market participants could have imagined that a little ove...