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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. This expectation did not play out as key demand was tested an...
No two market cycles are identical. We see that this time a strong US$ is the response to autocratic government threat to native capital that has driven that capital to Western markets, especially so to the US. The US/China tariff initiatives have accelerated capital out of China driving the y...
The oil market is a tricky one, with several different working parts of significance, and data coming from just a few major organizations bearing any real weight. Given all of this, it can be easy to overlook vital data that can help give some indication as to the future of the space. Perhaps ...
Welcome to the shortage edition of Oil Markets Daily! Oil prices are staging a ferocious rally today with the news that the Hong Kong situation will be de-escalated quickly flowing through risk assets. Oil prices, serving as the go-to whipping boy for all macro trades, are now spiking up...
Editor's note: This article was originally published on September 1, 2019 by Menzie Chinn here . Today, we're fortunate to have Willem Thorbecke , Senior Fellow at Japan's Research Institute of Economy, Trade and Industry (RIETI) as a guest contributor. The views expressed represent...
The recent price action in the crude oil market has been bearish. The price was approaching the $50 per barrel level on August 26, as the trade and currency war between the US and China continues to escalate. The threat of a global recession has weighed on the price of the energy commodity as ...
Crude oil is the energy commodity that powers the world. The price of oil tends to rise during periods of economic expansion and fall when the global economy contracts. The United States is the wealthiest nation on the earth, and China is the most populous country. Therefore, the trade war bet...
Brent crude settled above the $60 per barrel barrier as markets continued to be preoccupied with slowing global growth. The grade advanced to $60.43 per barrel while WTI rose to $55.11 per barrel. While economic growth concerns remain amid the ongoing trade war dispute, crude oil balances ...
Valero ( VLO ) is an energy company which focuses on downstream plays in the oil markets ( USO ). The industry as a whole has been facing some longer-term issues since 2015, but has recovered nicely over the past few years as OPEC nations control production to stabilize the market . However...
I expect West Texas Intermediate oil prices to once again range between $52.50 and $62.50, which is the same range as my last month's forecast. August has been a difficult and volatile month for oil prices and equities. There were the US-China tariff flareups followed by the G7. Yet, oil pri...
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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...