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Welcome to the whatever it takes edition of Oil Markets Daily! Following the bearish EIA oil storage report on Wednesday, Bloomberg reported that Saudi officials are evaluating all options to stem oil prices from declining further. Further leaks in the following days indicate the Sau...
Crude oil futures scored their second straight strong gain after slumping into a bear market earlier this week , as some analysts say the selloff went too far . More news on: The United States Oil ETF, LP, Energy Select Sector SPDR ETF, iPath S&P GSCI Crude Oil Total Return Index ETN...
China has chartered a supertanker to ship U.S. crude to China , the first such cargo since Pres. Trump announced additional tariffs on Chinese imports, Reuters reports, citing trading sources. More news on: China Petroleum & Chemical Corporation, The United States Oil ETF, LP, iPath S...
The number of drilling rigs active in the U.S. falls again, down another 8 to 934, Baker Hughes says in its latest weekly report . More news on: The United States Oil ETF, LP, The United States Natural Gas ETF, LP, iPath S&P GSCI Crude Oil Total Return Index ETN, Energy stocks news, C...
The price of crude oil fell to the $50 per barrel level on the nearby NYMEX September futures contract last week. The price of Brent October futures moved below the $60 level to around $55 per barrel at the lows. As the oil ministers of OPEC prepared to meet in early July, many of the member...
As a follow-up to my warnings last month prior to the recent correction (" US Stock Market Showing Tech-Bubble Divergence " and " Is a Bad Moon Rising for the Stock Market? "), several areas are at make-or-break inflection points that we are watching closely for signs of a bottom in the overal...
"Growing evidence of an economic slowdown" has caused global oil demand to grow at its slowest pace since the financial crisis, according to the International Energy Agency. More news on: The United States Oil ETF, LP, iPath S&P GSCI Crude Oil Total Return Index ETN, VelocityShares 3x ...
August didn't start well for the West African crude oil producer. Nigeria Union of Petroleum and Natural Gas Workers (NUPENG), one of the country's main trade unions, came close to industrial action last week over a staffing dispute with Chevron (CVX). NUPENG had accused the US oil major of d...
Saudi Arabia has reportedly phoned other oil producers to discuss possible policy responses following crude's 4.7% plunge on Wednesday to seven-month lows. More news on: The United States Oil ETF, LP, iPath S&P GSCI Crude Oil Total Return Index ETN, VelocityShares 3x Long Crude Oil...
The U.S. Oil Rig Count most recently peaked at 888 in this cycle for the week ending November 16, 2018. Since then, it has dropped to 770 in the week ending August 2nd. Much has been made of the fact that the rig count is dropping in terms of U.S. crude production levelling off. However, the...
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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...
Olo Inc. (NYSE: OLO), a leading restaurant technology provider, today announced that it will report its second quarter fiscal year 2024 financial results after the U.S. financial markets close on Wednesday, July 31, 2024. In conjunction with this announcement, Olo will host a conference call ...