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By Stecyk For the next month, I have increased my West Texas Intermediate oil price forecast by $2.50 to range between $55 and $65 a barrel. With phase one of the US-China trade deal now out of the way and OPEC+ announcing a cutback to production, oil prices rose slightly more than I e...
The American Petroleum Institute reportedly shows a draw of 7.8M barrels of oil for the week ending Dec. 27. More news on: The United States Oil ETF, LP, iPath S&P GSCI Crude Oil Total Return Index ETN, VelocityShares 3x Long Crude Oil ETN, Energy stocks news, Commodities news, News ...
WTI February crude oil (NYSEARCA: USO ) finished -1% at $61.06/bbl but still jumped 11% for the month and 34% for the year, their largest annual gain since 2016 when the U.S. benchmark surged 45%. More news on: The United States Oil ETF, LP, Energy Select Sector SPDR ETF, iPath S&P...
The media and many oil analysts are fixated on the wrong number, U.S. crude oil production when it should be focused on total petroleum liquids production, which includes "other supply." The market should be focusing on total petroleum liquids production because other supplies are an integral ...
Oil prices turn sharply lower even amid today's attack on the U.S. Embassy in Iraq , which Pres. Trump is blaming on Iranian-backed protesters; February WTI -1.3% to $60.86/bbl, March Brent -1.4% to $65.73/bbl. More news on: The United States Oil ETF, LP, Energy Select Sector S...
Art Berman, a petroleum geologist who has been interviewed for past Seeking Alpha articles, was recently interviewed on MacroVoices and published an article which concluded that "when those counter-parties realize that nothing in the world has fundamentally changed, prices will fall to $51...
Crude oil prices (NYSEARCA: USO ) climb to three-month highs and the best levels since the mid-September attack on Saudi oilfields, supported by optimism over an expected U.S.-China trade deal and last week's surprisingly large drawdown in U.S. stockpiles; February WTI +0.5% to $6...
Art Berman, a petroleum geologist who has been interviewed for past Seeking Alpha articles, was recently interviewed on MacroVoices. He discussed his theory about a line item on the Energy Information Administration’s Weekly Petroleum Status report, line 13, Adjustment. He tallied...
"The capital markets for oil and gas remain extremely difficult." The Dallas Fed's Fourth Quarter Energy Survey , released today, portrays an industry that is turning increasingly somber. The data is based on responses of executives (names are not disclosed) of 170 energy companies - 111 ...
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 lower, barring failure of 61.40s as resistance. This expectatio...
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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 ...