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Just hours ago, oil prices were flashing red as they neared the $50 level, but overnight reports of tanker explosions in the Gulf of Oman has triggered a sudden turnaround. More news on: The United States Oil ETF, LP, iPath S&P Crude Oil Total Return Index ETN, VelocityShares 3X Long...
Originally posted on June 11, 2019 ZeroHedge, in its typical eloquent fashion, noted last week that stocks are from Mars but bonds are from Venus, in describing the downdraft of U.S. Treasury bond yields and the significant rebound in the stock market. The two do not rhyme very well, which...
Oil prices sink to their lowest settlement in five months after U.S. government data showed a large increase in domestic crude inventories for the second week in a row. More news on: Energy Select Sector SPDR ETF, Roan Resources, Inc., Superior Energy Services, Inc., Energy stocks news...
EIA Petroleum Inventories: Crude +2.2M barrels vs. -0.5M consensus, +6.8M last week. More news on: The United States Oil ETF, LP, iPath S&P Crude Oil Total Return Index ETN, ProShares Ultra Bloomberg Crude Oil ETF, Stocks on the move, Commodities news, Energy stocks news, News on ...
Crude oil prices tumble on concerns over weakening global demand and a U.S. supply glut, dragging prices back to the bottom of their recent range; WTI -2.7% to $51.83/bbl, Brent -2.4% to $60.77/bbl. More news on: The United States Oil ETF, LP, Energy Select Sector SPDR ETF, iPath S&...
Over the last month, the United States Oil ETF ( USO ) has fallen by nearly 12% in a decline which has reached some of the lowest prices since the start of the year. In this article, I will dig into the fundamentals behind the ETF and show why we are likely to see further price declines in USO...
The American Petroleum Institute reportedly shows a build of 4.85M barrels of oil for the week ending June 7, following a 3.55M-barrel build in the previous week. More news on: The United States Oil ETF, LP, iPath S&P Crude Oil Total Return Index ETN, VelocityShares 3X Long Crude ETN...
A year after I predicted the oil price collapse , I suggested that we were at the beginning of the end of the oil age . Both times I was told I was in wrong. In fact, I was told I was crazy. Several years later, here we are, and oil is in the midst of yet another correction. Oil stocks are...
U.S. oil demand jumped 500K bbl/day to 20.46M bbl/day in 2018, the biggest increase in more than a decade and accelerating a trend of rising oil demand since a trough in 2009, BP says in its latest annual Statistical Review . More news on: BP p.l.c., The United States Oil ETF, LP, Th...
The US sanctions on Iran gave a great opportunity to Iraq, which shortly after increased its target for crude oil production to 6.2 million b/d by early 2021 and nine million b/d by early 2024. The additional volumes will allow Baghdad to cover part of the supply gap created after Iran's colla...
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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...
Nineteen enhancements launched to help brands increase orders, streamline operations, and improve guest experiences Olo Inc. (NYSE:OLO), a leading restaurant technology provider, today announced Loyalty for Borderless Accounts, a new feature that allows guests to earn, redeem, and u...