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Right now, the oil industry is facing a significant degree of volatility, with fears from investors and market watchers alike centering around the prospect of weakening demand and a continued increase in the US output. In its latest Short-Term Energy Outlook report, the EIA (Energy Informati...
An oil pump is seen at sunset outside Scheibenhard, near Strasbourg, France, October 6, 2017. (REUTERS) The EIA forecast US oil production to average 12.36 million bpd in 2019, up about 40,000 bpd from last month's forecast, and 13.26 million bpd in 2020. OPEC kept its modest global oi...
In this article, we examine the significant weekly order flow and market structure developments driving WTI price action. The primary expectation for this week was for price discovery lower. This expectation did not play out as buying interest emerged early week within balance above last wee...
The following June OPEC data is based on the latest July OPEM Monthly Oil Market Report and is in thousand barrels per day. OPEC 14 crude-only production was down 68,000 barrels per day in June. Iran continues to decline, down 142,000 barrels per day in June. Iraq is still pretending q...
Bullish and bearish factors are at play in the crude oil market these days, and the price has stalled at just under the $60 per barrel level on nearby NYMEX August futures. Before the recent OPEC biannual meeting, the Saudi oil minister said that the sweet spot for Brent is between $60 and $70...
Gainers: Crude Daily 3X Long Proshares (NYSEARCA: WTIU ) +13.9% . Ultrapro Crude Oil Proshares (NYSEARCA: OILU ) +13.8% . United States 3X Oil Fund (NYSEARCA: USOU ) +13.7% . Velocity 3X Long Crude Oil (NYSEARCA: UWT ) +13.6% . Direxion Junior Gold Mine Bull 3...
Despite the easing of trade tensions between the U.S. and China, OPEC production cuts and geopolitical tension in the Middle East, oil, base metals and gold prices are being weighed down by fears of worsening economic conditions in major economies. Kim Parlee talks with Bart Melek, Head o...
Oil is headed for its biggest weekly gain in three as simmering Middle East tensions, shrinking U.S. crude inventories and Tropical Storm Barry in the Gulf of Mexico threaten the supply outlook. More news on: The United States Oil ETF, LP, iPath S&P Crude Oil Total Return Index ETN, Ve...
Welcome to the implied production edition of Oil Markets Daily! Note: This article was first published to HFI Research subscribers in our exclusive Oil Market Fundamentals daily report. See here for more info . WTI rose above $60/bbl today following the larger than expected US crude...
Continuing yesterday's big advance that bought crude over $60, oil prices extended gains overnight by 0.7% to $60.82/bbl amid the latest Persian Gulf tensions. More news on: BP p.l.c., The United States Oil ETF, LP, iPath S&P Crude Oil Total Return Index ETN, Energy stocks news, Co...
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United States 3x Short Oil Fund Company Name:
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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...