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The United States Gasoline ETF, LP ( NYSEARCA: UGA ) is the markets exclusive gasoline exposure-based ETF and it has declined more than 20% since its record high trading level recorded last month. UGA has declined 21.5% since June 9 th as the national average for a g...
We have been cautious since June, but following the recent pullback in energy equities, we are fully invested again. For energy investors, China's oil demand, OECD oil demand, and 4 other factors will be the key drivers of the oil market going forward. Under our base case, we have...
U.S. crude oil prices bounced above $100/bbl on Monday, and could be poised to finish at that key level in a week, as tight oil supplies and the dollar pulling back from multiyear highs outweigh concerns about recession and COVID-19 lockdowns in China. WTI August crude ( CL1:C...
The OPEC Monthly Oil Market Report for July 2022 was published recently. OPEC output was revised lower in April 2022 by 6 kb/d and May 2022 output was revised down by 26 kb/d compared to last month’s MOMR. World liquids supply increased to 99.8 Mb/d in June 2022, 9.6 Mb/d h...
Active drilling rigs in the U.S. rose by 4 to 756, according to the latest weekly survey from Baker Hughes . Drilling rigs targeting crude oil gained 2 to 599, and gas rigs were unchanged at 153, while 4 rigs were classified as miscellaneous. Rigs targeting oil in the Permia...
The energy market is a tug-of-war between fundamentals in the energy industry which is pretty tight. The energy sector has been driving a lot of performance in the S&P/TSX Index since the recovery from the Covid-19 pandemic. In the short term, I do expect the integrated compan...
As prices rise, consumers are put under extreme pressure to keep their normal standard of living. As inflationary pressures continue, consumers make necessary sacrifices to manage their budgets – often going into debt in the process. Eventually, this cycle breaks, and infla...
Despite the biggest decline ever in the SPR, total US oil inventories (outside of the government’s emergency SPR) have barely budged off their lows. When we look at the 10-year seasonal pattern for total US oil inventories, we are well below the 10-year extreme low and, seasona...
After spending a few days in Israel to reassert America's presence in the Middle East, President Biden on Friday will become the first U.S. leader to fly directly from Tel Aviv to Saudi Arabia. On the itinerary are somewhat of a resetting of relations, including energy security, Israeli...
In its most simple terms, inflation is rising prices due to aggregate demand outstripping supply. Despite disagreements on the current causes of inflation, the Federal Reserve has made it clear that their goal is to reduce the demand imbalance through short-end rate hikes and quantita...
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2024-04-28 09:10:00 ET Stock Traders Daily has produced this trading report using a proprietary method. This methodology seeks to optimize the entry and exit levels to maximize results and limit risk, and it is also applied to Index options, ETFs, and futures for our subscribers. This...
Source: Streetwise Reports 04/19/2024 Are we at the start of a commodities supercycle? We sat down with McAlinden Research to see what they had to ...
2024-04-18 14:36:00 ET Stock Traders Daily has produced this trading report using a proprietary method. This methodology seeks to optimize the entry and exit levels to maximize results and limit risk, and it is also applied to Index options, ETFs, and futures for our subscribers. This...