Can Oil Rally in 2020

Can Oil Rally in 2020






Global oil supply could struggle to keep pace with demand after 2020, risking a sharp increase in prices, unless new projects are approved soon, according to the latest five-year oil market forecast from the International Energy Agency (IEA). The global picture appears comfortable for the next three years but supply growth slows considerably after that, […]






China Oil Demand Fell 5.4% Year over Year

China Oil Demand Fell 5.4% Year over Year






China’s apparent oil demand in July 2016 contracted 5.4% from the same month last year to 10.75 million barrels per day (b/d), according to an analysis of Chinese government data by S&P Global Platts, the leading independent provider of information and benchmark prices for the commodities and energy markets. Refinery throughput in July averaged 10.72 […]






Oil Demand is Weak United States Oil Fund LP (ETF) (NYSEARCA:USO)

Oil Demand is Weak United States Oil Fund LP (ETF) (NYSEARCA:USO)






Oil Demand is Weak United States Oil Fund LP (ETF) (NYSEARCA:USO) UNTD ST OIL FUND closed down -0.300 at 9.770. Volume was 16% above average (neutral) and Bollinger Bands were 20% wider than normal. Open High Low Close Volume___ 10.100 10.210 9.750 9.770 31,031,824 Technical Outlook Short Term: Neutral Intermediate Term: Bearish Long Term: Bearish […]