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A century ago, petroleum - what we call oil - was just an obscure commodity; today it is almost as vital to human existence as water. - James Buchan The price of oil is on everyone's lips these days. An attack on a Saudi production facility over the weekend sent shivers on the world's spin...
Crude oil prices extend yesterday's losses after Pres. Trump said he ordered the Treasury Department to "substantially increase" sanctions on Iran, although it is not yet clear what steps the president directed Treasury Secretary Mnuchin to take. More news on: The United States Oil ETF...
The American Petroleum Institute reportedly shows a build of 592K barrels of oil for the week ending Sept. 13, following a 7.23M-barrel draw in the previous week. More news on: The United States Oil ETF, LP, iPath S&P GSCI Crude Oil Total Return Index ETN, VelocityShares 3x Long Crud...
U.S. WTI October crude oil (NYSEARCA: USO ) settled -5.7% to $59.34/bbl, near its lows of the day following news that Saudi energy minister bin Salman said oil production capabilities were fully restored and that oil output will return to pre-attack levels by the end of this month . ...
Crude oil plunges suddenly in reaction to a Reuters report that says Saudi Aramco is close to restoring 70% of the 5.7M bbl/day of production knocked offline by the weekend attacks, and output likely will be fully back online in the next 2-3 weeks. More news on: The United States Oil ET...
The rally in oil prices is taking a breather after yesterday's historic gains that saw October WTI settle up 14.7% to $62.90/bbl. 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, News on ETFs, Commodit...
The unprecedented attack on Saudi Arabia’s Abqaiq crude oil processing facility, the largest in the world, is getting a lot of attention and rightly so. As the single worst supply disruption in the oil markets in history, one would expect a bit of press. There are a few aspects of the e...
Crude oil ends a historic session with October WTI (NYSEARCA: USO ) settling +14.7% to $62.90/bbl, the highest finish for a front-month contract since May 21, and Brent (NYSEARCA: BNO ) settling +14.6% to $69.02/bbl after soaring as much as 19.5%, its biggest gain on record. More ne...
Crude oil prices are near their highs of the day after Saudi Arabia charges Iranian weapons were used to attack its oil installations, dismissing claims of responsibility by Yemen's Houthi rebels, after U.S. intelligence officials reportedly shared information with the Saudis that Iran w...
"No matter whether it takes Saudi Arabia 5 days or a lot longer to get oil back into production, there is but one rational takeaway from this weekend's drone attacks on the Kingdom’s infrastructure - that infrastructure is highly vulnerable to attack," according to analysts at Citi. ...
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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...