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By Dennis Coyne Seems we don't know what future completion rates will be in the Permian basin or anywhere. There are many different opinions on whether the completion rate might increase, decrease or stay the same. In my view, the conservative assumption is to assume they will not go up or...
Welcome to the crossing edition of Oil Markets Daily! We have a rather sizable draw estimated for this week's report. And for the few weeks after that, we see US crude storage falling below the "elevated 5-year average" by mid-September. Our estimate for September is currently erring...
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 higher. This expectation played out, albeit modestly, as price disco...
US President Donald Trump and top White House officials dismissed concerns that US economic growth may be faltering, yet we still see a bearish forward view on the market from OPEC and the International Energy Agency. Brent crude edged closer to the $60 (SR2225) barrier over the course of ...
It is so easy to buy highs and sell lows in markets across all asset classes. After all, markets look great when prices are moving higher and terrible during selloffs. Everyone loves a bull market, and most people want to bail out at the first sign of trouble. Blow off tops and bottoms in mark...
If you've been watching the crude markets this week, it's been pretty volatile with the front month contract moving within a $5 per barrel range. On Friday, President Trump and China progressed the trade war hostilities resulting in an immediate sell-off in crude oil. If you can take a step ba...
Crude oil futures settled lower but off their worst levels of the day, as U.S. WTI ended -2.1% to $54.17/bbl with Brent -1% to $59.34/bbl, after China said it would impose tariffs on $75B worth of additional U.S. products including crude imports. More news on: The United States Oil ...
The spring and summer seasons are the time of the year when drivers in the United States put the most mileage on their automobiles. The peak season for gasoline tends to run from May through September each year, because of the weather and vacations. In the futures market, the price of gasoline...
Going long on energy stocks is a unique way to hedge against the broader market if you think a correction or recession is on the way, DataTrek Research co-founder Nick Colas told viewers of Real Vision’s Trade Ideas. As recently as five years ago, energy stocks were 10% of the ...
Welcome to the tighter is better edition of Oil Markets Daily! As we've highlighted in the past, one of the many consequences of much tighter US crude storage fundamentals going forward will be first reflected in physical spreads and different crude qualities. With Alberta announcing a p...
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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...