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U.S. oil demand is starting to show signs of recovery, but we are still below that of 2018/2019. Gasoline, distillate, and jet fuel demand are only matching 2021, so a further recovery is needed. Most likely scenario, in our view, going forward is for U.S. implied oil demand to la...
USL offers an exposure to WTI futures prices. The Fund has returned 80% over the past year v. -2% for SPR500TR. A regression approach and WTI futures prices enable me to project future WTI values. However, many uncertainties exist relative to oil supply and demand, as well as ...
The oil market is still in a deficit. But U.S. oil demand continues to struggle. The core 3, gasoline/distillate/jet fuel, should have seen an increase in demand by now, but it didn't. Gasoline consumption is currently below that of 2021, so if we don't see an uptick by mid-June, ...
BNO offers an exposure to Brent futures prices. The Fund has returned 85% over the past year v. -4% for SPR500TR. A regression approach and Brent futures prices enable me to project future BNO values. However, many uncertainties exist relative to oil supply and demand, as well...
OILK has underperformed NYMEX crude futures prices in the past year and far underperformed UGA. There was a clear break in the correlation to crude futures prices beginning around June 2020, when the underlying Bloomberg Index was published. Regression analysis proves that the rel...
What happens to Russian oil production in the long run? It's not good, and since it's the 2nd largest oil producer in the world, it's going to be bad for global oil supplies going forward. A structural oil supply deficit is coming, and it won't end for a long time coming. Fo...
US oil demand is starting to bottom. Product inventories are getting dangerously low. Hurricane season could cause prices to spike even higher. SPR release is being used to "attempt" to push prices down, but overall crude balance remains firmly negative. If demand continues to...
The oil report by EIA today will pretty much capture what it will look like until October. US SPR will keep hitting commercial crude storage to the tune of ~7 million bbls a week, so commercial crude storage will build. Product storage will keep leading the way lower as refineries...
Gainers: Alps Clean Energy ETF (ACES) +2%. Alerian MLP Index ETN JP Morgan (AMJ) +5%. Alps Alerian MLP ETF (AMLP) +5%. Etracs Alerian MLP Index ETN Series B (AMUB) +5%. Infracap MLP ETF (AMZA) +5%. Losers: Microsectors -3X U.S. Big Oil Index ETN (NRGD) 7153%. Microsectors Oil & Gas Exp. &...
Crude oil price volatility has spiked as traders react to news about Russia’s invasion of Ukraine and potential supply and demand uncertainties. But traders’ fear and greed may also be playing a major role in price changes. I created an algorithmic trading strategy a...
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2024-06-02 01:18:00 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...
2024-04-13 16:26:00 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...
A look at the top 10 most actives in the United States Next.e.GO N.V. (EGOX) rose 90.8% to $0.075 on volume of 125,000,352 shares Fisker Inc. Class A (FSR) fell 28.2% to $0.08965 on volume of 60,620,440 shares Lucid Group Inc. (LCID) rose 17.3% to $3.2489 on volume of 33,193,462 shares ...