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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 neutral to sell-side activity following the recent development of a stopping po...
This is the last part of a 3-part series of articles. In the first article, I reviewed a paradigm shift in global oil production and pricing, and explained how that shift took WTI from the mid-$40s in January 2019 to the mid-$60s now. In Part 2, I provided predictions for oil pricing in 2019...
In my 2014 whitepaper , I called oil-indexing of LNG contracts a "barbarous relic." The basic idea is that since oil prices and gas prices are driven by very different supply and demand fundamentals (and increasingly so), oil values and gas values diverge systematically, by large and varying ...
The number to watch is not rig-count, fracking-crew count, or even Black Swan sightings; it’s initial production net of legacy loss*. In October 2018 the CEO of Schlumberger warned of a possible slowdown in U.S. Shale. Good call on news that became obvious in November; for an upda...
Over the last few months, crude oil ( USO ) has demonstrated incredible strength with a rally in flat price of almost $20/bbl, or around 44%. With such a substantial move to the upside, the contrarian investor needs to be asking: have we reached a peak? Has this move gone too far? To start o...
This is Part 2 of a 3-part series of articles. In the first article, I reviewed a paradigm shift in global oil production and pricing, and explained how that shift took WTI from the mid-$40s in January 2019 to the mid-$60s now. In this Part 2, I will provide predictions for oil pricing in 20...
Oil prices are up slightly again after finishing yesterday not far from six-month highs when traders digested data showing U.S. crude stockpiles surged to their highest levels since October 2017. The supply read alleviated some fears of tight supply due to the OPEC output cuts and recent U.S...
The path of least resistance of the price of crude oil can impact many different markets across all asset classes. When it comes to other commodities, crude oil has a substantial impact on the production process. Rising or falling crude oil prices can also affect the prices of commodities we d...
The United States is the world's leading producer and exporter of corn. Anyone who has driven across the fertile plains of the US knows that there are seemingly endless stretches where corn is growing on both sides of the road during the spring and summer season. While corn is a stable for f...
Yes, I know that predicting future oil prices is treacherous business but I’m going to attempt this fool’s errand anyway. Indeed, I am going to suggest that we are in the midst of a paradigm shift in global oil production and pricing, a shift that very few experts in the field ...
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WALNUT CREEK, Calif. , Nov. 20, 2019 /PRNewswire/ -- United States Commodity Funds LLC (the "Company"), a sponsor of exchange-traded products, plans to close and liquidate two of its exchange-traded products. On November 20, 2019 , the Board of Directors of the Company authori...
WALNUT CREEK, Calif. , Sept. 23, 2019 /PRNewswire/ -- USCF announced today that it will execute a one-for-two reverse share split that will be effective for shareholders of the United States 3x Short Oil Fund (USOD), a series of the USCF Funds Trust, after the close of the markets ...
WALNUT CREEK, Calif. , Aug. 6, 2019 /PRNewswire/ -- USCF today announced that it has joined the Raymond James IAD ETF No-Transaction-Fee (NTF) platform providing access to all thirteen of their exchange-traded funds and products. "We are excited to expand our suite of fun...