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Oil prices recorded their first weekly gain in two weeks, driven higher by unrest in Iraq and Ecuador, as well as by optimism over talks between the US and China aimed at ending their trade war. The attack on an Iranian oil tanker off the coast of Jeddah overshadowed the latest hints from ...
Many factors influence the path of least resistance of asset prices. In the world of commodities, fundamental supply and demand is one of many issues that can move prices over time. Exogenous events when it comes to the weather or policy changes in leading producing or consuming nations can al...
Data for the OPEC charts below were taken from the October OPEC Monthly Oil Market Report OPEC 14 crude oil production was down 1,318,000 barrels per day in September. Most of that decline was due to the Iranian attack on the Saudi oil complex at Abqaiq. Algeria is in slow decline. Ang...
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, provided key resistance, 53.35s, held. This expectation did n...
To say that the last few weeks in the crude markets have been volatile feels like an understatement. With prices surging in the wake of the Saudi attacks followed by an incredible decrease in the price per barrel, it has been a turbulent period. In the following discussion, I will walk throu...
Investment Thesis The fundamental state of the oil market does not point to further decline in the iPath S&P GSCI Crude Oil Total Return Index ETN ( OIL ). Instrument The S&P GSCI Crude Oil Total Return Index reflects the returns that are potentially available through an unlevera...
The total count of U.S. active drilling rigs adds one to 856, snapping a streak of seven consecutive weekly declines, 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...
Crude oil was sitting at just above its recent low and level of technical support over recent trading sessions. Crude oil is the energy commodity that continues to power the world. Despite the growing trend that embraces alternative fuels in place of hydrocarbons, oil demand around the globe r...
Attacks on Saudi oil facilities and low OPEC production aren't enough to keep oil prices up. Gold's lustre, though, is still hard to ignore. Bart Melek, head of global commodity strategy, TD Securities weighs in. Original Read more ...
An explosion damaged an Iranian oil tanker off the Saudi port city of Jeddah, according to Iranian state media, adding that experts suspected it was a "terrorist attack." More news on: The United States Oil ETF, LP, iPath S&P GSCI Crude Oil Total Return Index ETN, VelocityShares 3x Lon...
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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...