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By Bryce Bingham Crude oil production in the Permian has more than quadrupled since 2011 and the basin is now, on its own, the fifth-largest producer of crude in the world. The Permian has long faced a lack of takeaway capacity due to its rapid growth, but new long-haul pipelines are final...
The American Petroleum Institute reportedly shows a build of 1.4M barrels of oil for the week ending Sept. 20, following a 592K-barrel build in the previous week. More news on: The United States Oil ETF, LP, iPath S&P GSCI Crude Oil Total Return Index ETN, VelocityShares 3x Long Crud...
Crude oil prices (NYSEARCA: USO ) are mired in the red after weak manufacturing data from Europe and Japan focused attention on doubts about energy demand and as Saudi Arabia could restore full oil production faster than previously expected. More news on: The United States Oil ETF, LP, H...
The market was fairly flat last week until Friday's correction, but the Dow Industrials and S&P 500 are still up about 2% for September, and we will likely see a strong close of the month due to quarter-ending window dressing. That's when many institutional investors accumulate fundamental...
There are many different grades of crude oil. The quality of a barrel of the energy commodity depends on where producers around the world extract fossil fuel from the crust of the earth. When it comes to the refining process, lighter and sweeter forms of crude oil that have less sulfur content...
Crude oil futures climbed modestly higher , as traders sorted out conflicting reports on Saudi Arabia's ability to restore its lost production by the end of this month; November WTI crude settled +1% to $58.64/bbl, and Brent +0.8% to $64.47/bbl. More news on: The United States Oil ETF...
The calm of the summer months in the Middle East ended last weekend as drones strategically struck at the heart of Aramco's oilfields in Saudi Arabia. After several incidents in and around the Straits of Hormuz, things went quiet, for a few short weeks. The recent departure of John Bolton fr...
If you’ve been watching the crude markets this week, you’ve likely been aware of the incredible amount of volatility seen in the price of oil. With prices trading in a range of over 10%, serious money has been either made or lost by traders in the wake of the Saudi export facilit...
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 lower based on market structure, barring failure of 56.34s as r...
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...
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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...