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Welcome to the next edition of Oil Markets Daily! US crude storage estimates in recent weeks have hit our estimates almost to the dot. Source: HFI Research Over the last 8-weeks, our average miss has been -0.03 mbbls which is to say we've basically been on the dot with EIA's figures....
The total count of U.S. active drilling rigs falls by another 12 to 886 for its fourth straight weekly decline, according to Baker Hughes' latest weekly survey . More news on: The United States Oil ETF, LP, The United States Natural Gas ETF, LP, VelocityShares 3x Long Natural Gas ETN, Ene...
The crude oil market has been following the ongoing saga on trade between the US and China. The trade war that escalated in early August weighed on the price of the energy commodity. The threat of a global recession sent the price of nearby NYMEX futures down to a low at around $50.50 per barr...
Crude oil prices ( USO -2.3% ) are firmly in the red after an OPEC technical meeting brings no decision on further production cuts despite a mounting global supply glut and weakening demand growth for crude, instead focusing on bringing Nigerian and Iraqi output down to agreed quotas. ...
Overview Some gestures in the US-China trade spat have given the market the reason to do what it had been doing, and that is taking on more risk. Equities are higher in Asia-Pacific and opened in Europe higher before slipping. The MSCI Asia Pacific and the Dow Jones Stoxx 600 are advancing f...
The driving season is the time of the year when demand for gasoline peaks in the United States. The peak season begins in late May each year. The gasoline futures market tends to move higher in the months leading up to the time when drivers put more clicks on their odometers and consume more o...
"Booming shale production has allowed the U.S. to close in on, and briefly overtake, Saudi Arabia as the world's top oil exporter," the IEA said in its closely-watched monthly report. More news on: The United States Oil ETF, LP, iPath S&P GSCI Crude Oil Total Return Index ETN, Veloci...
Oil pared an earlier slump as the U.S. postponed China tariff increases by two weeks, while traders continue to watch the World Energy Congress in Abu Dhabi for any headlines that could move prices. More news on: The United States Oil ETF, LP, iPath S&P GSCI Crude Oil Total Return Inde...
Sentiment in the oil market can at best be described as depressed. Implied demand at the end of 2018 through mid-2019 suffered as the effects of trade tensions and the manufacturing slowdown sapped demand for refined petroleum products. Most macro forecasts are calling for oil surpluses in 2...
Venezuela's crude oil exports continued to fall in August; estimates suggest they have reached their lowest level this year. China increased imports last month, but shipments decreased as purchases have been recently halted due to tougher US sanctions. Venezuela's total exports of crude oil m...
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2024-06-02 01:20:00 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 16:28:00 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...
2024-03-14 15:36:00 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...