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In a previous article for Seeking Alpha , I highlighted that the price action in the gasoline and distillate crack spreads was supportive of both the VLO shares and the price of crude oil. Valero Energy Corporation ( VLO ) refines crude oil into oil products. The company does not take the ris...
Another month, another update from OPEC. Unlike in prior months, though, the group, in its Monthly Oil Report , gave market participants their first look into just how bad the Saudi oil disruption last month was. While this will prove to be a short-term impact on the global oil market, even i...
By Andrew Robinson Prospects for a "mini" trade deal between the US and China leading to further progress has lifted agricultural commodities, taken the wind out of gold and left energy markets unimpressed. Turkey's advance into Syria has yet to influence safe-haven asset accumulation. ...
I live in Las Vegas, and one of the popular bets that those who wager on the outcome of a sporting event choose is the parlay. A parlay involves choosing two or more results and getting both right. Casinos love parlays because it lowers the odds that a bettor will win a wager. Bettors love the...
Crude oil futures gave back much of their gains from last week, as a lack of details about the first phase of a U.S.-China trade deal undercut optimism over a trade relations thaw that had helped lift crude markets late last week. More news on: The United States Oil ETF, LP, Energy Sel...
Oil prices recorded their first weekly gain in two weeks, driven higher by unrest in Iraq and Ecuador, as well as by optimism over talks between the US and China aimed at ending their trade war. The attack on an Iranian oil tanker off the coast of Jeddah overshadowed the latest hints from ...
Many factors influence the path of least resistance of asset prices. In the world of commodities, fundamental supply and demand is one of many issues that can move prices over time. Exogenous events when it comes to the weather or policy changes in leading producing or consuming nations can al...
Gainers: Ipath US Treasury 10 Yr Bear ETN (BATS: DTYS ) +26.6% . More news on: iPath US Treasury 10-year Bear ETN, VelocityShares 3x Inverse Natural Gas ETN, ProShares Trust - ProShares UltraPro Short 20+ Year Treasury, Stocks on the move, News on ETFs, Read more ...
Data for the OPEC charts below were taken from the October OPEC Monthly Oil Market Report OPEC 14 crude oil production was down 1,318,000 barrels per day in September. Most of that decline was due to the Iranian attack on the Saudi oil complex at Abqaiq. Algeria is in slow decline. Ang...
In this article, we examine the significant weekly order flow and market structure developments driving WTI's price action. As noted in last week's WTI Weekly , the primary expectation for this week was for price discovery lower, provided key resistance, 53.35s, held. This expectation did n...
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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...