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By Peter C. Earle As if virus mania weren't enough: oil prices have crashed, down at least 25% percent in a mere 48 hours, after falling more since last week. Yes, that's the largest price drop since 1991. No, it is not the end times. This has almost nothing to do with virus fears. It's th...
A quick note about oil. The Saudi-Russia price war means OPEC disarray and a lower oil price for the US. The Energy Information Administration ((EIA)) reports : In 2019, about 142.23 billion gallons (or about 3.39 billion barrels) of finished motor gasoline were consumed in the United St...
OPEC cuts its forecast for global growth in oil demand this year due to the coronavirus outbreak, seeing a gain of just 60K bbl/day in 2020 vs. 920K bbl/day in its previous report. More news on: The United States Oil ETF, LP, iPath S&P GSCI Crude Oil Total Return Index ETN, Velocity...
Crude turns lower after Saudi Aramco ( ARMCO ) received a directive from the kingdom’s energy ministry to up its output capacity to 13M barrels a day, though it didn't say when the capacity increase would take place. More news on: Saudi Aramco, The United States Oil ETF, LP, iPath...
Original post By Stuart Burns The current plunge in the oil price has less to do with the coronavirus than it does with power politics. Oil prices crashed by the most in 29 years Sunday night, The Telegraph reported , as Saudi Arabia announced its deal with OPEC+ to limit producti...
Mexico and other countries are looking to mediate between Russia and Saudi Arabia to end an oil price war that has battered global markets. 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...
The American Petroleum Institute reportedly shows a build of 6.41M barrels of oil for the week ending March 6, the seventh straight weekly increase. 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, Ene...
U.S. crude oil futures followed their largest percentage loss since 1991 with a 10% rebound , helped by reports that Russian had not ruled out measures with OPEC to stabilize oil markets. More news on: The United States Oil ETF, LP, United States Brent Oil Fund, LP, Energy Select Sec...
The virus is doing what it does. The market does not like it. Crude oil prices plummeted today on coronavirus-led demand shock and the inability of OPEC (Organization of the Petroleum Exporting Countries) to get a deal to limit daily oil production. The result seems to be an old-fashioned ...
Global markets sell off again. This time from a collapse in oil prices as Saudi Arabia sets off an oil price war with Russia. Robert Vanderhooft, CIO, TD Asset Management and Michael O'Brien, Managing Director, TD Asset Management look at the implications for markets, the Canadian energy ...
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2024-06-16 21:40:00 ET Stock Traders Daily has produced this trading report using a proprietary method. This methodology seeks to optimize the entry and exit levels to maximize results and limit risk, and it is also applied to Index options, ETFs, and futures for our subscribers. This...
2024-05-06 16:26:00 ET Stock Traders Daily has produced this trading report using a proprietary method. This methodology seeks to optimize the entry and exit levels to maximize results and limit risk, and it is also applied to Index options, ETFs, and futures for our subscribers. This...
2024-02-27 10:10:00 ET Stock Traders Daily has produced this trading report using a proprietary method. This methodology seeks to optimize the entry and exit levels to maximize results and limit risk, and it is also applied to Index options, ETFs, and futures for our subscribers. This...