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The U.S. Department of Energy released its May Short-Term Energy Outlook (STEO). The inventory figures they report reveal that the U.S. and global physical oil markets are well-supplied and are expected to remain that way, notwithstanding sanctions on Iran and Venezuela. U.S. Inventories ...
On April 23, the price of June NYMEX crude oil futures rose to a high at $66.60 on the active month June futures contract. On April 25, the price of July Brent futures hit a high at $74.73. While the continuous contract high in NYMEX futures was at $66.60 in late April, Brent rose to a peak at...
Over the last few weeks, WTI ( USO ) has seen a pullback in price with the front-month futures contract falling by about $4/bbl. If you’re tuned into the financial pundits, you’ve probably heard this pullback attributed to a number of different things: trade wars, correlations wi...
Volatility heightened last week, which closed with prices at their lowest in almost a month, after hitting a six-month high a week ago. Prices slumped after a buildup in US crude inventories by 10 million barrels, amid record-high US oil production to 12.3 million bpd. That took the edge o...
Ross Clark – Stock markets, gold, silver, copper, crude oil Mike Swanson – Junior gold miners, markets Tim Wood – The bubble of everything Bob Hoye – Stock markets – the big picture Larry Reaugh - President & CEO of...
In this article, we examine the significant weekly order flow and market structure developments driving WTI's price action. As noted in last week's WTI Weekly , the primary expectation for this week was for sell-side activity following last week's stopping point high development and long li...
Note: This article was published as Oil Market Fundamentals 5/3, which is a new daily oil market report we publish to HFI Research subscribers. ----- We are seeing quite the radical divergence between flat prices and physical timespreads again. This isn't the first time this has happened, ...
U.S. waivers on purchasing Iranian oil expired overnight for eight countries, including Iran's main oil customer, China. More news on: The United States Oil ETF, LP, iPath S&P Crude Oil Total Return Index ETN, VelocityShares 3X Long Crude ETN, Energy stocks news, Top stock market new...
News from the EU is mixed. Sentiment continues to decline. Here's a chart of the data: The drop started at the tail-end of 2017 and has been heading consistently lower since. Here's a chart of four major sectors: All are weaker. Industrial (top left) and consumer (bottom left) are especial...
Welcome to the disappointing edition of Oil Markets Daily! EIA 914 was released today and US oil production moved lower m-o-m to 11.682 mb/d. This was a drop of 189k b/d from January's volume of 11.871 mb/d. This also marks the first month since last year that the weekly US oil productio...
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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...