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By Kathy Lien At a Glance As equity markets experience sell-off on trade war news, oil may follow them lower. The impact for oil in U.S.-China tensions could be far greater than in past trade wars. This has been a great year for oil. The price of crude is up 30 percent from its D...
Investment thesis Despite recent oil market correction and dipping net speculative positioning on NYMEX crude oil contracts, the iPath S&P Crude Oil Total Return Index ETN ( OIL ) remains sustained, following growing tensions in the Middle East and declining crude and refining stocks. ...
Crude oil prices gained despite bearish data showing U.S. oil inventories at a 20-month high, with Middle East tensions continuing to rise as Saudi Arabia said armed drones struck a critical oil pipeline, two days after the sabotage of oil tankers near the United Arab Emirates. More n...
The data below was taken from the OPEC Monthly Oil Market Report . All data is through April 2019 and is in thousand barrels per day. The data is crude only, that is it does not include condensate. Total OPEC production hardly moved in April, down a mere 3,000 barrels per day. Algeria pea...
The surplus of supply over demand that the oil market saw in the first quarter could "flip" into a deficit in the second, according to the IEA's latest monthly report. More news on: The United States Oil ETF, LP, iPath S&P Crude Oil Total Return Index ETN, VelocityShares 3X Long Crude ...
Two weeks ago, I wrote an article in which I argued that even though the crude fundamentals were bullish, the technical and statistical factors suggested that an immediate pullback was in the cards. I normally don’t get that lucky in my timing, but since then, the price of WTI is off ...
The American Petroleum Institute reportedly shows an increase of 8.63M barrels of oil in U.S. stockpiles last week, vs. the previous week's build of 2.8M barrels. More news on: The United States Oil ETF, LP, iPath S&P Crude Oil Total Return Index ETN, VelocityShares 3X Long Crude ETN...
Continuing our weekly series, Open Insights, we'll take a look at the EIA's Weekly Petroleum Status Report ("WPSR") for the week of May 3, 2019. EIA reported a crude draw of 4.0M barrels for the week. Imports declined precipitously by 0.7M barrels per day (bpd) from last week and reached 6.7...
Welcome to the good stuff edition of Oil Markets Daily! The media was quite excited last week to see that the weekly US crude imports from Saudi hit the lowest level since the mid-1980s. But on a 4-week moving average basis, we are still seeing imports from Saudi average ~500k b...
The impact of the trade dispute between the US and China and a stronger dollar has weighed on the prices of many of the members of the commodities asset class. The prices of metals have moved lower over the past weeks, and copper which is a bellwether for economic growth or contract fell from ...
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2024-08-01 00:45:25 ET Image source: The Motley Fool. Olo (NYSE: OLO) Q2 2024 Earnings Call Jul 31, 2024 , 5:00 p.m. ET Operator Continue reading For further details see: Olo (OLO) Q2 2024 Earnings Call Transcript
Revenue up 28%, ARPU up 19% Year-over-Year Olo Inc. (NYSE:OLO) (“Olo” or the “Company”), a leading open SaaS platform for restaurants, today announced financial results for the second quarter ended June 30, 2024. “In Q2, Team Olo delivere...
GRUBBRR Partners with Olo to Enhance Onsite Dining Experience PR Newswire Streamlining Restaurant Operations with Integrated Self-Ordering and Payment Solutions BOCA RATON, Fla. , July 30, 2024 /PRNewswire/ -- GRUBBRR, a leading provider of self-ordering tech...