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By Andrew Robinson The so-called "Phase One" of the US-China trade deal appears to be progressing, with China boosting purchases of US agricultural products. The better outlook is keeping a lid on gold while boosting industrial metals, though oil is struggling to benefit. Precious metals...
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...
It’s a Pascal wager now. Nothing so spiritual mind you, but certainly asymmetrical. We’ve forsaken the comfort of low volatility for transcendental gains, or at least gains that would have to garner a hallelujah to make this journey worth it. The crucible we found ourselves in th...
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...
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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 ...