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Note: This article was first published to HFI Research subscriber. This is part of our new Oil Market Fundamental daily report. Oil prices are pulling back slightly today with Brent underperforming WTI and narrowing the Brent-WTI spread. The move today appears to be speculators dumping lon...
In my last article , I suggested a few trades and we can see it all played out quite well. By putting a stop loss at $60.30, it was suggested to take a buying position that should give $2-3 - WTI touched $63 recently. However, I stressed on selling it once it reaches a particular level ($64...
This week, the EIA reported a few potentially bearish short-term fundamental metrics for the oil markets ( USO ). Despite the immediate short-term fundamentals, crude prices have turned higher and appear to be turning a profit for long traders for the week. In this article, I will take a step ...
OPEC released its Monthly Oil Market Report ((MOMR)) for May, which provides its estimates of inventories and the future demand for OPEC oil. While its figures show that recent supplies are more than adequate, the outlook is more uncertain. OPEC reported that commercial OECD global oil inv...
Rising geopolitical tensions have the Middle East on edge. Alleged sabotage attacks on oil tankers and other facilities in the region are straining already tense relations between the U.S. and Iran. Michael O'Brien , Portfolio Manager at TD Asset Management looks at the implications for ...
The price of crude oil has corrected from the high at the end of April that took the price of nearby June NYMEX futures to a peak at $66.60 per barrel on April 23. Crude oil declined to a low at $60.04 on May 6, and on May 15 the price was at just over $62 on June futures. Technical support fo...
By Kathy Lien At a Glance As equity markets experience sell-off on trade war news, oil may follow them lower. The impact for oil in U.S.-China tensions could be far greater than in past trade wars. This has been a great year for oil. The price of crude is up 30 percent from its D...
Investment thesis Despite recent oil market correction and dipping net speculative positioning on NYMEX crude oil contracts, the iPath S&P Crude Oil Total Return Index ETN ( OIL ) remains sustained, following growing tensions in the Middle East and declining crude and refining stocks. ...
The data below was taken from the OPEC Monthly Oil Market Report . All data is through April 2019 and is in thousand barrels per day. The data is crude only, that is it does not include condensate. Total OPEC production hardly moved in April, down a mere 3,000 barrels per day. Algeria pea...
The surplus of supply over demand that the oil market saw in the first quarter could "flip" into a deficit in the second, according to the IEA's latest monthly report. More news on: The United States Oil ETF, LP, iPath S&P Crude Oil Total Return Index ETN, VelocityShares 3X Long Crude ...
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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...