Previous 10 | Next 10 |
The American Petroleum Institute reportedly shows a draw of 5.92M barrels of oil for the week ending Sept. 27, following a 1.4M-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...
I expect West Texas Intermediate oil prices to range between $52.50 and $62.50, consistent with the range in my last two months' forecast. There was a lot of volatility in oil prices in September. There was an attack on Saudi Arabia's infrastructure, and although Saudi Arabia's exports have ...
Oil prices are tracking higher on reports that production in U.S. and Russia fell during the third quarter. 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, Energy stocks news, Commodities news, News o...
Continuing our weekly series, Open Insights, we'll take a look at the EIA's Weekly Petroleum Status Report ("WPSR") for the week of September 20, 2019. EIA reported a 2.4M barrel crude draw for the week as refinery utilization declined slightly by 1.4%. Tropical Storm Imelda will play a bigg...
On Wednesday, the U.S. Energy Information Administration ("EIA") released the latest Weekly Petroleum Status Report : Total Stocks , including the Strategic Petroleum Reserve ("SPR"), was relatively unchanged and increased by just below one million barrels to 1.94 billion barrels or 45 mil...
By Stuart Cartner, Portfolio Manager , and Shawn Amini, Senior Analyst The rise of US shale oil over the past decade has upended previous energy market norms, leading to uncertainty over supply trends and heightened volatility that ebbs and flows even today. Furthermore, the emergence...
By Dennis Coyne The EIA recently released its International Energy Outlook and it is quite optimistic. In the chart below, I compare their estimate for World Crude plus Condensate (C+C) output with an oil shock model with a URR of about 3100 Gb. The IEO reference scenario shown above (...
The limited trade agreement between the US and Japan boosted trade optimism that a similar deal could be struck between the US and China. Both sides continue to send mixed messages, but so far, the balance has been on the more positive side with a tentative meeting date set for October 10 to t...
Since the September 14 attack on Saudi oilfields, the price of nearby November NYMEX crude oil futures has traded in a range from $54.75 to $63.89 per barrel. The high came when the market reopened after drones temporarily knocked out 50% of daily Saudi output, which amounts to around 6% of th...
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, barring failure of 57.58s as support. This expectation ...
News, Short Squeeze, Breakout and More Instantly...
United States 3x Oil Fund Company Name:
USOU Stock Symbol:
NYSE Market:
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...