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The rally in oil prices is taking a breather after yesterday's historic gains that saw October WTI settle up 14.7% to $62.90/bbl. More news on: The United States Oil ETF, LP, iPath S&P GSCI Crude Oil Total Return Index ETN, VelocityShares 3x Long Crude Oil ETN, News on ETFs, Commodit...
The unprecedented attack on Saudi Arabia’s Abqaiq crude oil processing facility, the largest in the world, is getting a lot of attention and rightly so. As the single worst supply disruption in the oil markets in history, one would expect a bit of press. There are a few aspects of the e...
Crude oil ends a historic session with October WTI (NYSEARCA: USO ) settling +14.7% to $62.90/bbl, the highest finish for a front-month contract since May 21, and Brent (NYSEARCA: BNO ) settling +14.6% to $69.02/bbl after soaring as much as 19.5%, its biggest gain on record. More ne...
Crude oil prices are near their highs of the day after Saudi Arabia charges Iranian weapons were used to attack its oil installations, dismissing claims of responsibility by Yemen's Houthi rebels, after U.S. intelligence officials reportedly shared information with the Saudis that Iran w...
"No matter whether it takes Saudi Arabia 5 days or a lot longer to get oil back into production, there is but one rational takeaway from this weekend's drone attacks on the Kingdom’s infrastructure - that infrastructure is highly vulnerable to attack," according to analysts at Citi. ...
By Jeffrey Halley Oil futures leapt this morning by over 15% in a knee-jerk reaction to the attack on the Saudi Arabia Abqaiq oil facility over the weekend that notionally, took 5% of the world's supply offline. Brent futures spiked by 20% and WTI futures by 15% despite U.S. President Trum...
By Warren Patterson, Head of Commodities Strategy This past weekend has seen significant attacks on Saudi Aramco facilities, which has led to the disruption of 5.7MMbbls/d of oil production. For now, it is still uncertain how long this disruption will last, but what is clear is that the...
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. This expectation did play out, albeit modestly, as pric...
Investing in crude oil long or inverse ETFs has offered active investors a host of exceptional opportunities this year, and for those who care to take the time to understand the Elliott Wave patterns in crude oil, it will soon be setting up some even more exceptional opportunities over the 12 ...
Drone strikes on the heart of the Saudi oil industry forced the kingdom to shut down half its crude production on Saturday, amounting to a loss of about 5M barrels a day, or roughly 5% of the world's daily production of crude oil, WSJ reports . More news on: Saudi Aramco, The United Sta...
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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...