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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 key resistance, 53.35s, held. This expectation did n...
To say that the last few weeks in the crude markets have been volatile feels like an understatement. With prices surging in the wake of the Saudi attacks followed by an incredible decrease in the price per barrel, it has been a turbulent period. In the following discussion, I will walk throu...
Investment Thesis The fundamental state of the oil market does not point to further decline in the iPath S&P GSCI Crude Oil Total Return Index ETN ( OIL ). Instrument The S&P GSCI Crude Oil Total Return Index reflects the returns that are potentially available through an unlevera...
The total count of U.S. active drilling rigs adds one to 856, snapping a streak of seven consecutive weekly declines, Baker Hughes reports in its latest survey . More news on: The United States Oil ETF, LP, The United States Natural Gas ETF, LP, VelocityShares 3x Long Natural Gas ETN, Ene...
Crude oil was sitting at just above its recent low and level of technical support over recent trading sessions. Crude oil is the energy commodity that continues to power the world. Despite the growing trend that embraces alternative fuels in place of hydrocarbons, oil demand around the globe r...
Attacks on Saudi oil facilities and low OPEC production aren't enough to keep oil prices up. Gold's lustre, though, is still hard to ignore. Bart Melek, head of global commodity strategy, TD Securities weighs in. Original Read more ...
An explosion damaged an Iranian oil tanker off the Saudi port city of Jeddah, according to Iranian state media, adding that experts suspected it was a "terrorist attack." More news on: The United States Oil ETF, LP, iPath S&P GSCI Crude Oil Total Return Index ETN, VelocityShares 3x Lon...
Saudi Arabia tells OPEC that its crude oil production fell by 660K bbl/day in September to 9.13M bbl/day, underlining its swift recovery from the Sept. 14 attacks on key oil infrastructure. More news on: The United States Oil ETF, LP, Energy Select Sector SPDR ETF, iPath S&P GSCI Cru...
The American Petroleum Institute reportedly shows a build of 4.13M barrels of oil for the week ending Oct. 4, following a 5.92M-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 Crude...
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...
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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...