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Damage at Saudi Arabia's Abqaiq oil processing plant. ((AFP)) The week started with the largest "force majeure" in the history of the oil industry following the attacks on Saudi Aramco oil and gas facilities in Abqaiq and Khurais. It represented a supply disruption of some 5.7 million ba...
Welcome to the export it all edition of Oil Markets Daily! The majority of the investment community following the Saudi news is fixated on the total production outage, but the more important issue, as we will highlight in this article, is the crude quality issue. Abqaiq processes Saudi o...
On the latest edition of Market Week in Review, Quantitative Investment Strategist Dr. Kara Ng and Head of AIS Business Solutions Sophie Antal Gilbert discussed the U.S. Federal Reserve's (the Fed) latest rate cut and the surge in oil prices. Is another Fed rate cut possible this year?...
Crude oil prices ( USO +0.1% ) ended little changed today but posted their best week in three months , lifted by rising Middle East tensions and supply concerns after last weekend's attack on Saudi Arabia's oil infrastructure. More news on: The United States Oil ETF, LP, Energy Select S...
The total count of active drilling rigs in the U.S. sheds another 18 to 868 for its fifth consecutive weekly decline, 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...
Like a Fresh Prince of Bel-Air flashback from the early 1990s, Middle East violence and geopolitical fears shot back into commodity traders' lexicon Monday - with Oil spiking nearly 20% on news there was a coordinated drone attack against Saudi Arabia's oil infrastructure. The fantastical head...
Gasoline futures rallied amid reports of massive flooding in Texas, leading to concerns of a slowdown in refining activity and lower demand for crude oil. More news on: The United States Gasoline ETF, LP, The United States Oil ETF, LP, iPath S&P GSCI Crude Oil Total Return Index ETN...
Crude oil prices rebound after a sharp two-day pullback, as emphasis shifts to supply risks resulting from the drone attacks on Saudi oil infrastructure; WTI October crude +1% to $58.62/bbl, Brent +1.5% to $64.56/bbl. More news on: The United States Oil ETF, LP, Energy Select S...
Original Post By Stuart Burns The drone and cruise missile strikes on Saudi Arabian oil installations this week caused a massive spike in oil prices as the market reacted with surprise to the news - but should it have been such a surprise? The strike said to have been made by some ...
Oil prices surged Monday after attacks on Saudi Arabia’s Abqaiq processing plant and Khurais oil field Saturday suspended more than half the country’s oil production. While the ultimate impact will depend on a combination of the extent of damage, the U.S. and Saudi response, and ...
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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...