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By Owain Johnson At a Glance The world's most-watched commodities typically move in tandem, but global economic concerns and trade tensions have changed the dynamic. Gold prices have risen as investors look for safer assets, while U.S. oil production has made the commodity less sensi...
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...
Welcome to the US oil production edition of Oil Markets Daily! The real-time gauge for US oil production appears to be picking up according to our leading indicator. On a relative basis, at the end of last week the leading indicator was saying US oil production was around ~12.3 mb/d. S...
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 within the context of an uncomplete corrective phase from 60.9...
The crude oil futures market has been a tale of competing influences over the past few months. Steadily increasing production over recent years from the shale regions of the United States have made the nation the leading producer on the earth. The US was dependent on Middle Eastern oil for dec...
The last 24 hours has witnessed substantial volatility in shares of the United States Oil Fund ( USO ) with a price decline of 6% in a single session. In this article, I will get into the reasons for this price decline but also take a step back and give perspective on the underlying fundamen...
The USA data below was taken primarily from the EIA's Petroleum Supply Monthly while some were taken from the EIA's Monthly Energy Review . I have some bad news to report. The EIA no longer published World production data or Non-OPEC production data. This data had previously been publishe...
By Bryce Bingham In December 2018, one of the top five oil-producing countries in the world announced a headline-grabbing production cut to shore up oil prices - and it wasn't an OPEC member or Russia. Look no further than our neighbor to the north, and specifically, to the Government of A...
Continuing our weekly series, Open Insights, we’ll take a look at the EIA’s Weekly Petroleum Status Report (“WPSR”) for the week of July 19, 2019. EIA reported a crude draw of 10.8 million barrels for the week, largely due to the impact of Hurricane Berry as it th...
In this article, we examine the significant weekly order flow and market structure developments driving WTI price action. As noted in last week’s WTI Weekly , the primary expectation for this week was for price discovery higher (following the completed initial correction from 60.94...
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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. , 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...