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Last year was a banner time for both the stock market and the price of crude oil. Equity prices roared higher with gains of over 22% in the DJIA, almost 29% in the S&P 500 index, and over 35% in the tech-heavy NASDAQ. Meanwhile, the price of NYMEX crude oil futures rose by 34.5%, and Brent...
Over the past ten years, the energy sector provided investors the worst return of the primary sectors. It gained just 6%, compared to 335% by the technology sector. The S&P 500 returned 190% over the same period. The SPDR S&P Oil & Gas Exploration & Production ETF ( XOP ) clo...
The American Petroleum Institute reportedly shows a build of 1.57M barrels of oil for the week ending Jan. 17. More news on: The United States Oil ETF, LP, iPath S&P GSCI Crude Oil Total Return Index ETN, VelocityShares 3x Long Crude Oil ETN, Energy stocks news, Commodities news, New...
The outbreak of the deadly coronavirus from China likely will provide a "negative shock" to oil markets globally, with aviation fuel suffering most, according to Goldman Sachs in predicting a nearly $3/bbl impact on oil prices . More news on: The United States Oil ETF, LP, iPath S&P G...
The energy sector ( XLE -0.7% ) is the only S&P sector currently trading in the red, pressured by concerns that the coronavirus outbreak in China will cause people to reduce their travel plans, which would mean lower demand for oil. More news on: Energy Select Sector SPDR ETF, Baker ...
Source: IMO.org IMO 2020, the maritime Sulphur Cap regulation that went into effect January 1st, was once feared to create a shortage of marine fuels, such as diesel and jet, that would also impact the pool of middle distillates worldwide. But no such thing happened. And, in fact, it now a...
Speaking at the International Petroleum Technology Conference (IPTC) in Dhahran, Saudi Arabia, Saudi Arabia's Energy Minister Prince Abdulaziz bin Salman justified OPEC's actions by claiming that OPEC is not a cartel. Unlike what CNBC, Bloomberg, Wall Street (Journal), and FT (Financial Tim...
The global oil markets continue to fluctuate wildly in a rather narrow range as investors weigh the bullish and bearish developments at hand. With OPEC and its non-OPEC allies finally starting (or supposed to be starting) even deeper production cuts this month, all eyes are pointed in that dir...
Crude oil prices traded flat over the week with Brent crude edging slightly lower to $64.85 per barrel and WTI weakening to $58.54. China was a major focus for traders. On one level, the US-China phase one trade deal injected some optimism into the market, but that was countered by troubling...
Crude futures surged as much as 1.7% overnight amid threats to supply, but have now pared some gains, up 0.5% to $58.86/bbl. More news on: The United States Oil ETF, LP, iPath S&P GSCI Crude Oil Total Return Index ETN, VelocityShares 3x Long Crude Oil ETN, Stocks on the move, Energ...
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Deutsche Bank AG London ZC SP ETN REDEEM 01/06/2038 USD 25 - 25154K809 Company Name:
DTO Stock Symbol:
NYSE Market:
Deutsche Bank announced today the automatic acceleration of the DB Crude Oil Double Short Exchange Traded Notes due June 1, 2038 (DTO), due to the repurchase value on May 18, 2020 being zero. As a result of such acceleration, consistent with the terms of the ETNs, holders will not receive...