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In this article, we examine the significant weekly order flow and market structure developments driving WTI price action. As noted in last week’s WTI Weekly , the primary expectation for this week was for price discovery higher, barring failure of 52.19s as support. This expectation ...
This year has been quite a turbulent one when it comes to the price of crude oil. After beginning the year with a solid five-month rally that increased the price per barrel by $20, price has since reversed a good percentage of this movement. It is my belief that the current pullback in the pri...
The total count of active drilling rigs in the U.S. falls by 5 to 851, resuming its steady decline after last week's small gain broke a streak of seven straight weekly declines, according to Baker Hughes' latest survey . More news on: The United States Oil ETF, LP, The United States Natur...
Crude oil is the energy commodity that powers the world. While environmental concerns make crude oil's future uncertain, hydrocarbons continue to be the most ubiquitous fuel source on the earth. The addressable market for crude oil has grown dramatically since the beginning of this century. In...
Oil prices continue to look for direction after some cooling off of Middle East tension and a tentative Brexit deal offset concerns over cooling growth in China and a fifth straight weekly rise in U.S. crude supplies. More news on: The United States Oil ETF, LP, iPath S&P GSCI Crude Oi...
Crude oil futures zigged-zagged their way to gains, closing at highs of the day after the U.S. and Turkey announced a five-day cease fire in Syria and overcoming earlier losses that followed a fifth straight weekly rise in U.S. crude stockpiles . More news on: The United States Oil ETF,...
Welcome to the negative productivity edition of Oil Markets Daily! First, let us state a few things readers must understand. Rig counts may fall, but well completions may remain elevated, resulting in declining DUCs (drilled but uncompleted wells). Production is based on how many w...
The American Petroleum Institute reportedly shows a build of 10.5M barrels of oil for the week ending Oct. 11, following a 4.1M-barrel build in the previous week. More news on: The United States Oil ETF, LP, iPath S&P GSCI Crude Oil Total Return Index ETN, VelocityShares 3x Long Crud...
By Stacey Morris While a regulatory body may seem like a dry topic, midstream investors should have a basic understanding of the Federal Energy Regulatory Commission (FERC), as its oversight powers and policies can have implications for midstream assets. FERC is tasked with regulating inte...
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...
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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...