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One of the worst-performing sectors of the stock market has been energy-related companies. Part of the problem has been the weakness in oil and gas prices. In 2018, crude oil traded to a high at $76.90 per barrel on the nearby NYMEX futures contract. In 2019, the high has been at $66.60 in lat...
Welcome to the stagnate edition of Oil Markets Daily! EIA 914 last week was a bit of a surprise to us. It wasn't the fact that production in July was down relative to June. We knew GOM shut-in from hurricane was ~320k b/d in July, but it was the fact that overall production with the decl...
In the final quarter of 2018, the price of crude oil plunged. The NYMEX crude oil market traded to its highest price in 2018 at $76.90 per barrel at the start of Q4 2018. By the end of December, the price had declined to 42.36, a drop of 44.9% over the three months. We are now in the final q...
The US dollar is sensitive to data misses, and even though the ISM services PMI remains in expansion territory, the lower than expected index triggered a selloff of the greenback. The United States is not immune to recession fears even if it remains the developed economy with the strongest pac...
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 price discovery lower, provided last week's buy excess, 55.25s-54.75s, failed. This ...
Gainers: Direxion Natural Gas Bear 3X (NYSEARCA: GASX ) +19.6% . More news on: Direxion Daily Natural Gas Related Bear 3X Shares ETF, Direxion Daily S&P Oil & Gas Exp. & Prod. Bear 3x Shares ETF, USCF Funds Trust - United States 3x Short Oil Fund, News on ETFs ...
The total count of U.S. active drilling rigs falls by 8 to 855 for a seventh consecutive decline, according to the latest Baker Hughes weekly survey . More news on: The United States Oil ETF, LP, The United States Natural Gas ETF, LP, VelocityShares 3x Long Natural Gas ETN, Energy stocks ...
By Owain Johnson and Jeff White On first glance, oil prices appear to have stabilized since the attack on the Saudi oil facilities at Abqaiq in mid-September, which led to a major surge in prices. But the crude oil options market is telling a different story: the energy industry remains ...
Vikram Mansharamani, president of Kelan Capital and author of Boombustology: Spotting Financial Bubbles Before They Burst , shared one of his favorite multi-lens indicators on Real Vision’s Expert View. The Skyscraper Index was first put forward by property analyst Andrew Lawre...
Contango Oil & Gas Company ( MCF ) is a Texas-based independent oil and natural gas company. MCF acquires, explores, develops, exploits, and produces oil and gas in the shallow waters of the Gulf of Mexico. The company also has onshore properties in Texas and Wyoming. As of the end of 2018...
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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...