Middle East Faces Tough Recovery

Middle East Faces Tough Recovery

The IMF Monday again sharply lowered its Middle East and North Africa economic forecast, to its lowest level in 50 years, over the “twin shock” of the coronavirus pandemic and low oil prices. The region’s economy will contract by 5.7 percent this year, and shrink by as much as 13 percent in countries torn by […]

Sitting on a Cash Pile 3.0? This Canadian Crude Oil Producer is a Top Pick

Sitting on a Cash Pile 3.0? This Canadian Crude Oil Producer is a Top Pick

#develops #produces #markets #CrudeOil, #Nat Gas #NGLs #TopPick $CNQ Canadian Natural Resources Ltd. (NYSE:CNQ) is added to our Top Picks List with a 32 price target. CNQ broke out on 16 June and pulled back, but is still trading above the I-cloud and closed trading Thursday at 17.70 just above its Strong Support line at […]

Sitting on a Cash Pile 2.0? An Early Call on a Strong Small Cap Indie Oil & Gas Co

Sitting on a Cash Pile 2.0? An Early Call on a Strong Small Cap Indie Oil & Gas Co

$WPX WPX Energy (NYSE:WPX) is smaller-cap indie energy company with solid upside potential and is a Top Permian Basin play. WPX is an independent Oil & Gas exploration and production company that engages in the exploitation and development of unconventional properties in the United States. Its principal areas of operation include the Permian Basin, the […]

Don’t Bet on High Oil Prices

Don’t Bet on High Oil Prices

The IEA Oil Market Report (OMR) is one of the world’s most authoritative and timely sources of data, forecasts and analysis on the global oil market – including detailed statistics and commentary on oil supply, demand, inventories, prices and refining activity, as well as oil trade for IEA and selected non-IEA countries. Oil demand in […]

Inflation is Coming, Be Ready…Our Inflation Indicator is Flashing Red

Inflation is Coming, Be Ready…Our Inflation Indicator is Flashing Red

$XAU $XAG $GLD $SLV $USD Gold, forests, property stocks, inflation-linked bonds, these are just some of the assets investors are betting lots money into on the view that the recent explosion of government spending and Fed stimulus may rouse inflation from its 10 yrs+ sleep. If inflation really is “the dog that didn’t bark”, failing […]

OPEC and Allies Agree to Extend Cut Production Cut Thru July

OPEC and Allies Agree to Extend Cut Production Cut Thru July

$OIL $USO OPEC and allied nations to extend cut production of 9.7-M BPD through end of July to boost prices. Ministers of the cartel and outside nations like Russia met via video conference to adopt the measure, aimed at cutting out the excess production depressing prices as global aviation remains largely grounded due to the […]

Can Chesapeake Energy Corporation (NYSE:CHK) Stock Survive This Crisis?

Can Chesapeake Energy Corporation (NYSE:CHK) Stock Survive This Crisis?

Can Chesapeake Energy Corporation (NYSE:CHK) Stock Survive This Crisis? Most investors understand that black swan events in the markets produce winners and losers. As a result of the 2020 pandemic, the oil market crash and the ensuing volatility, Chesapeake Energy (NYSE:CHK) has become one of the losers. Year-to-date, CHK stock is down 92%. By contrast, […]

Sitting on a Cash Pile? Black Gold Recovering Fast

$MPC What a difference a month makes, last month traders were paying buyer to take their speculative deliveries, Monday, the benchmark pricing for WTI Crude Oil finished at 33.10, up almost 14% from Friday’s close and rose again Tuesday. Oil traders are focused down the road, with futures markets for both overseas-benchmark Brent and WTI […]

Investors Have Their Mojo Back, Stage the Fastest Market Recovery in History

Investors Have Their Mojo Back, Stage the Fastest Market Recovery in History

$DIA $SPY $QQQ $RUTX $VXX US stock markets will deliver the steepest recoveries in their history over the next year, returning to marks from before March’s C-19 coronavirus lockdowns more than 2X as fast as after the Y 2008 financial crisis, according to analysts from Citigroup. In a note to clients dated Monday, the bank […]

Sitting on a Pile of Cash? A C-19 Coronavirus Chaos Casualty Stock with Big Northside Potential

$CVX Chevron (NYSE:CVX) is the integrated Crude Oil leader and a safe way for investors looking to be positioned in the energy sector. The company is a US-based integrated Oil & Gas company, with worldwide operations in exploration and production, refining and marketing, transportation and petrochemicals. The company pays a sizable dividend and has a […]

Sinopec Corp (HKG: 0386) Still Growing

Sinopec Corp (HKG: 0386) Still Growing

Sinopec Corp (HKG: 0386), China’s leading energy and chemical company, has put China’s largest petrochemical port into operation with the successful docking and unloading of the New Renown, Crude Oil Tanker (VLCC) from the Middle East. The tanker was welcomed at the new 300,000-ton crude oil terminal of Sinopec Zhongke Refinery Port, which forms part […]

Lockdowns Ease, Demand Hopes Rise, Crude Oil Price Spikes

Lockdowns Ease,  Demand Hopes Rise, Crude Oil Price Spikes

$USO $OIL WTI Crude Oil prices spiked Tuesday, as some European and Asian countries along with several US states began to ease C-19 coronavirus lockdown measures. The rally extended Brent Crude Oil gains to 6 days running, while US WTI Crude Oil has rallied for 5 straight sessions. Fuel demand worldwide was down about 30% in […]

2020 2-H Crude Oil Recovery to Boost Oil Stocks + HeffX Oil Report

2020 2-H Crude Oil Recovery to Boost Oil Stocks + HeffX Oil Report

$USO $OIL $XLE $CVX $COP $EOG $MPC This year the markets have seen the waterfall effects of the C-19 coronavirus and a battle over Crude Oil dominance between Russia and Saudi Arabia over production that helped to slash benchmark pricing for WTI and Brent Crude Oil by more than 70% several days ago. The energy […]

Asia Cashes in on Cheap Oil

Asia Cashes in on Cheap Oil

Some Asian nations are taking advantage of the collapse in prices caused by the coronavirus pandemic to build up their crude stockpiles. Here are some questions and answers about strategic reserves and the region’s oil supplies: – What are strategic oil reserves and why do countries need them? – Strategic reserves are stockpiles of oil […]

HEFFX Oil Report

HEFFX Oil Report

A Shock Like No Other: The Impact of COVID-19 on the Oil Markets The outbreak of COVID-19 has been accompanied by widespread declines in global commodity prices. The pandemic represents a unique shock that has a major impact on both the demand and supply of commodities. Oil markets have been most affected, given the collapse […]

Canadian Dollar: USD/CAD (CAD=X) follows gains versus big dollar, ignores $3+ drop in crude prices

Canadian Dollar: USD/CAD (CAD=X) follows gains versus big dollar, ignores $3+ drop in crude prices

Canadian Dollar: USD/CAD (CAD=X) follows gains versus big dollar, ignores $3+ drop in crude prices The CAD is modestly firmer versus the USD but gains remain light relative to the AUD and NZD on the day—AUDCAD is trading at its highest levelsince the start of the year. We are bullish on the cross and look […]

We all know that Q-1 GDP numbers will not look good, but they may not look that bad…

We all know that Q-1 GDP numbers will not look good, but they may not look that bad…

$BA $F $FCAU $GM $USO $USD We know by now that no US or world economic numbers will look positive now or the next Q or 2. Wednesday we will see the 1st preliminary number for US GDP for Q-1. The number is projected to be negative, it will be nowhere close to as bad […]

United States Oil (USO) – Trump has tasked Mnuchin with developing a plan to revive the industry

United States Oil (USO) – Trump has tasked Mnuchin with developing a plan to revive the industry

United States Oil (USO) – Trump has tasked Mnuchin with developing a plan to revive the industry U.S. Treasury Secretary Steven Mnuchin weighed in on how he may work to rescue the energy industry hammered by the fallout from the coronavirus, which may include the government taking stakes in certain companies. Ticker Security Last Change Change % USO […]

Commentary: Paul Ebeling on Wall Street, Bulls in Running Mood as President Trump is Now Laser Focused on Opening Up America

Commentary: Paul Ebeling on Wall Street, Bulls in Running Mood as President Trump is Now Laser Focused on Opening Up America

$DIA $SPY $QQQ $RUTX $USO $VXX Investors are pinning their hopes for the reopening of the US economy on the potential for wider availability of testing for COVID-19 cases and on drug trials for treatments of the disease. We have been letting doctors, who have shown the same propensity for predicting this virus as weathermen […]

Sitting on a Pile of Cash? Here are 2 Energy Energy Sector Stocks Under $10/share with Huge Northside Outlooks

Sitting on a Pile of Cash? Here are 2 Energy  Energy Sector Stocks Under $10/share with Huge Northside Outlooks

$PE $WPX We are screening the wirehouses energy research world looking for quality energy stocks that are rated Buy and trading way off their highs in this market, that are strong enough to hold on, be bought for value, and recover as Crude Oil prices recover thru 2021. These 2 are smaller capitalization stocks for […]

Sitting on a Pile of Cash? Crude Oil Prices are Going Higher! Here are 2 Stock to Follow in the Energy Sector

Sitting on a Pile of Cash? Crude Oil Prices are Going Higher! Here are 2 Stock to Follow in the Energy Sector

$MRO $NBL The energy sector has taken a beating in here, but as it turns out some of the independent Oil & Gas exploration and production companies have hedged their production at higher prices, and some are hedged out through Y 2021. Marathon Oil Corp. (NYSE:MRO) announced its updated Y 2020 capital spending budget and […]

Thursday’s World Markets Outlook: Asia-Pacific

Chinese stocks ended off Thursday, as mounting economic uncertainty sparked by the coronavirus pandemic kept share prices capped, stopping investors from chasing the rebound from the prior session. The Shanghai Composite index closed 0.2% lower to 2,838.50. The blue-chip CSI300 index ended down 0.3%, with its financial sector sub-index down 0.3%, the consumer staples sector […]

Sitting on a Pile of Cash? Here are 2 Top Trade Ideas in the Energy Sector

Sitting on a Pile of Cash? Here are 2 Top Trade Ideas in the Energy Sector

$CVX $SLB An analysts that I cover said today’s price move feels like Crude Oil is passing a kidney stone, a very painful move that will not last for long, since producers are switching off, and capping secondary production wells fast. Today, the world may need just 75-M BPD to keep the economy running. By […]

Crude Oil Volatility Signals Major ‘Rebalancing’

Crude Oil Volatility Signals Major ‘Rebalancing’

$DIA $SPY $QQQ $RUTX $USO $OIL $VXX The lack of demand in the world Crude Oil market has set it up to be forced into a necessary rebalancing over the coming weeks as rapidly filling storage leads to significant production cuts and higher prices. See price volatility continuing high in the weeks ahead, as retail […]

United States Oil (USO) – OPEC cuts fail to end the panic

United States Oil (USO) – OPEC cuts fail to end the panic

United States Oil (USO) – OPEC cuts fail to end the panic The coronavirus pandemic has caused oil demand to drop so rapidly that the world is running out of room to store barrels. At the same time, Russia and Saudi Arabia flooded the world with excess supply. That double black swan has caused oil prices to […]

The Price of Gold Vs The Price of Crude Oil

The Price of Gold Vs The Price of Crude Oil

$GLD $XAU $USO $OIL $USD At the moment, the sharp move down in Crude Oil is Bullish gold prices Monday will go down in the scrap books as a historic day for Crude Oil prices, but energy-exposed stocks did not collapse as some envisioned. The price on the futures contract for WTI Crude Oil that […]

Really Cheap Gasoline and No Place to Go

Really Cheap Gasoline and No Place to Go

$DIA $SPY $QQQ $RUTX $USO $UGA $VXX This Crude Oil market is seeing declines despite OPEC +’s recent major deal to cut output as oversupply in light of the fight against coronavirus that has halted most of the global demand for Crude Oil. Monday, global Crude Oil prices fell to marks not seen since Y […]

United States Oil (USO) – President Donald Trump pulled off an energy coup

United States Oil (USO) – President Donald Trump pulled off an energy coup

United States Oil (USO) – President Donald Trump pulled off an energy coup In the midst of a pandemic, President Donald Trump pulled off an energy coup: He was able to convince the second and third largest crude oil producing countries to set their bickering aside and voluntarily cut production, at least for a couple of […]

US Crude Futures Below $15 bbl, Lowest Since 1999

US Crude Futures Below $15 bbl, Lowest Since 1999

$USO US Crude Oil April futures fell to 14.67 bbl Sunday US Crude Oil futures were last that low in Y 1999. Caution gripped Asian share markets Monday on expectations a busy week of corporate earnings reports and economic data will drive home the damage done by the global coronavirus lockdown, while a glut of supply sent […]

Commentary: Paul Ebeling on Wall Street, Bulls in a Running Mood as President Trump Beats the Virus

Commentary: Paul Ebeling on Wall Street, Bulls in a Running Mood as President Trump Beats the Virus

$DIA $SPY $QQQ $RUTX $VXX The Coronavirus Chaos Continues Stock indexes moved up continue the up trend pattern Economic data are generationally bad. Stocks continue to set up Bullish patterns. After hours reports of Gilead Sciences’s (NASDAQ:GILD) drug provide promise. Boeing (NYSE:BA) also promised to restart Seattle production. Friday gapped higher on options expiry, finishing […]

United States Oil (USO) Climb on U.S. Reopening Plans

United States Oil (USO) Climb on U.S. Reopening Plans

United States Oil (USO) Climb on U.S. Reopening Plans Stocks pushed higher with U.S. equity futures on Friday as tentative steps toward restarting the world’s largest economy helped investors look past mixed progress on curbing the coronavirus and dismal data from China. West Texas oil slumped. Investors in risk assets are ending the week on […]

United States Oil (USO) , gas industry sheds more than 6,000 jobs in a single day

United States Oil (USO) , gas industry sheds more than 6,000 jobs in a single day

United States Oil (USO) , gas industry sheds more than 6,000 jobs in a single day Oil and gas companies announced plans to cut more than 6,400 jobs on a grim day for the industry that saw the price of crude oil settle below $20 for the first time since 2001 and the amount of […]

United States Oil (USO) falls 5% to $28 on oversupply concerns

United States Oil (USO) falls 5% to $28 on oversupply concerns

United States Oil (USO) falls 5% to $28 on oversupply concerns Oil fell 5% to around $28 a barrel on Wednesday, pressured by reports suggesting persistent oversupply and collapsing demand due to global coronavirus-related lockdowns. The International Energy Agency (IEA) on Wednesday forecast a 29 million barrel per day (bpd) dive in April oil demand […]

United States Oil (USO) prices rise as Trump flags deeper output cuts

United States Oil (USO) prices rise as Trump flags deeper output cuts

United States Oil (USO) prices rise as Trump flags deeper output cuts Oil prices rose Tuesday after US President Donald Trump said producers are considering cutting 20 million barrels per day – more than double the figure publicly announced – to help the virus-hit sector. US benchmark West Texas Intermediate rose nearly 2% to trade […]

United States Oil (USO) – OPEC and allies’ oil production cut is Trump’s ‘biggest and most complex’ deal ever

United States Oil (USO) – OPEC and allies’ oil production cut is Trump’s ‘biggest and most complex’ deal ever

United States Oil (USO) – OPEC and allies’ oil production cut is Trump’s ‘biggest and most complex’ deal ever As the Organization of the Petroleum Exporting Countries and its allies came to an agreement on a record cut in oil production, U.S. President Donald Trump may have struck his “biggest and most complex deal,” according to oil […]

A Trump Stabilized Energy Market to Support Stocks

A Trump Stabilized Energy Market to Support Stocks

$USO $OIL Just In: The Saudi energy minister said Sunday that effective Crude Oil supply cuts by OPEC and its allies, a group known as OPEC+, will amount to 12.5-M BPD because of higher output in April from Saudi Arabia, the United Arab Emirates and Kuwait. Sunday, an agreement by Crude Oil producing nations to […]

President Trump Announces OPEC+ Agree to Nearly 10-M BPD Cut

President Trump Announces OPEC+ Agree to Nearly 10-M BPD Cut

Sunday, President Trump lauded a deal among the world’s Top Crude Oil producers to cut global petroleum output, saying it will save jobs in the US energy industry. “This will save hundreds of thousands of energy jobs in the United States,” President Trump said, adding that he thanked and congratulated Russian President Vladimir Putin and […]

United States Oil (USO) – Donald Trump is trying to drive up the price of oil

United States Oil (USO) – Donald Trump is trying to drive up the price of oil

United States Oil (USO) – Donald Trump is trying to drive up the price of oil For more than three decades, U.S. presidents proclaimed cheap fuel as an almost God-given right for American motorists and homeowners, shaping the country’s foreign policy in pursuit of lower prices. As president, Trump didn’t just back cheap crude, he […]

United States Oil (USO) state senators to talk crude markets with Saudi officials Saturday -source

United States Oil (USO) state senators to talk crude markets with Saudi officials Saturday -source

United States Oil (USO) state senators to talk crude markets with Saudi officials Saturday -source Republican U.S. senators who have introduced a bill that would remove U.S. defense systems and troops in Saudi Arabia unless it cuts oil output will hold a call with the kingdom’s officials on Saturday, a source familiar with the planning […]

Gold’s Rally Tightens the Physical Market

Gold’s Rally Tightens the Physical Market

$XAU $GLD $XAG $SLV $PLAT $USD $JPY $MTA Gold prices spiked up Monday, extending a 3-session rally Monday gold futures for delivery on the COMEX exchange were up nearly 3% or +47.60 at 1693.30 just shy of the intra-day high at 1695.90. That was the highest mark in 2 wks, in a rally driven by […]

United States Oil (USO) Prices Rally as Saudi-Russian Deal “Very, Very Close”

United States Oil (USO) Prices Rally as Saudi-Russian Deal “Very, Very Close”

United States Oil (USO) Prices Rally as Saudi-Russian Deal “Very, Very Close” Oil prices rallied in Asia on Tuesday from a dramatic 8%-fall in their last session. International Brent Oil Futures rose 2.43% to $34.11 by 9:52 PM ET (2:52 AM GMT) and U.S. Crude Oil WTI Futures jumped 4.1% to $27.15. Russian Direct Investment […]

Ethereum: USD/ETH (ETH=) price is now trading in a strong uptrend above $158

Ethereum: USD/ETH (ETH=) price is now trading in a strong uptrend above $158

Ethereum: USD/ETH (ETH=) price is now trading in a strong uptrend above $158 After forming a support base above the $130 level, Ethereum price started a fresh increase against the US Dollar. ETH price broke the key $150 resistance to move into a positive zone. There was a close above the $158 level and the […]

United States Oil (USO) jittery as Saudi Arabia-Russia talks delayed

United States Oil (USO) jittery as Saudi Arabia-Russia talks delayed

United States Oil (USO) jittery as Saudi Arabia-Russia talks delayed Global oil prices remain on edge after Saudi Arabia and Russia postponed a meeting about a deal to cut output as the virus pandemic hits demand. The two countries have been locked in an oil price war for the last month. Traders are concerned that, […]

Tariffs on Oil Imports to Protect US Energy Workers, President Trump says, “I couldn’t care less about OPEC”

Tariffs on Oil Imports to Protect US Energy Workers, President Trump says, “I couldn’t care less about OPEC”

$USO Saturday, President Trump said he would impose tariffs on crude imports if he has to “protect” US energy workers from the Crude Oil price dive that has been exacerbated by a war between Russia and Saudi Arabia over market share. “If I have to do tariffs on oil coming from outside or if I […]

Crude Oil Responds to President Trump’s Efforts to Stabilize the World Market

Crude Oil Responds to President Trump’s Efforts to Stabilize the World Market

$DIA $SPY $QQQ $RUTX $USO $OIL $VXX Friday afternoon, President Trump met with Big Oil company executives at the White House to discuss this Oil price decline threatening their businesses, brought on by the coronavirus outbreak and a Saudi-Russia price war. “We will work this out and we will get our energy business back,” President Trump […]

United States Oil (USO) falls on scepticism over Trump’s Saudi-Russia output deal

United States Oil (USO) falls on scepticism over Trump’s Saudi-Russia output deal

United States Oil (USO) falls on scepticism over Trump’s Saudi-Russia output deal Oil prices fell on Friday, coming off their biggest one-day gains in the previous session, after US President Donald Trump said he had brokered a deal between Saudi Arabia and Russia to cut output, but made no offer to reduce US production. Brent […]

United States Oil (USO) Surges on China Stockpiling

United States Oil (USO) Surges on China Stockpiling

United States Oil (USO) Surges on China Stockpiling U.S. equity futures rose with European stocks on Thursday as investors braced for the latest unemployment data from the world’s biggest economy. Oil surged after China unveiled plans to boost its reserves. Contracts on the main U.S. equity benchmarks all climbed following steep losses for the underlying […]

United States Oil (USO) – Trump, Putin agree to talks on energy market stabilization

United States Oil (USO) – Trump, Putin agree to talks on energy market stabilization

United States Oil (USO) – Trump, Putin agree to talks on energy market stabilization Oil prices firmed on Tuesday after U.S. President Donald Trump and Russian President Vladimir Putin agreed to talks aimed at stabilizing energy markets, with benchmarks climbing off 18-year lows hit as the coronavirus outbreak cut fuel demand worldwide. Brent crude was up by 61 cents, […]

US Stocks Up, Crude Oil Down

US Stocks Up, Crude Oil Down

$DIA $SPY $QQQ $RUTX $OIL $USO $VXX DJIA Jumps 700 as Crude Oil Falls Below $20 to 18-Yr Lows US stocks rose Monday as investors look for shares that have become cheap and can withstand the impact to the economy from efforts to stem the spread of the coronavirus. The S&P healthcare sector jumped 4.67% on the […]

United States Oil (USO) hits 18-year low as lockdowns diminish demand

United States Oil (USO) hits 18-year low as lockdowns diminish demand

United States Oil (USO) hits 18-year low as lockdowns diminish demand Crude oil fell sharply on Monday, with U.S. crude briefly dropping below $20 and Brent hitting its lowest level in 18 years, on heightened fears that the global coronavirus shutdown could last months and demand for fuel could evaporate further. Brent crude, the international […]

Understanding the Impact of the Crude Oil Price War on the Middle East

Understanding the Impact of the Crude Oil Price War on the Middle East

$OIL $USO $USG $USD Here is closer look at the ripple effects of plunging oil prices and a weak demand for the commodity, as well as predictions on how the industry will cope in the near- to long-term The Crude Oil markets have suffered from the 2X shock of the viral pandemic and politics, and […]

United States Oil (USO) – Ten Signs the Oil Industry is Bent Out of Shape

United States Oil (USO) – Ten Signs the Oil Industry is Bent Out of Shape

United States Oil (USO) – Ten Signs the Oil Industry is Bent Out of Shape The oil industry has been hit by a simultaneous demand and supply shock in March as the coronavirus pandemic cuts fuel consumption and top producer Saudi Arabia raises output to full capacity to fight a price war with rivals. International […]

United States Oil (USO) Losses capped as U.S. Senate passes $2 trln stimulus

United States Oil (USO) Losses capped as U.S. Senate passes $2 trln stimulus

United States Oil (USO) Losses capped as U.S. Senate passes $2 trln stimulus Oil prices fell on Thursday, ending three sessions of gains, as movement restrictions worldwide to contain the coronavirus destroyed demand and overshadowed expectations that a U.S. $2 trillion emergency stimulus will bolster economic activity. Brent crude futures fell $1.04, or 3.75%, to […]

United States Oil (USO) prices still down about 45% so far this month

United States Oil (USO) prices still down about 45% so far this month

United States Oil (USO) prices still down about 45% so far this month Oil prices extended gains for a third session on Wednesday, rising alongside broader financial markets as the United States is expected to approve a massive aid package to stem the economic impact of the coronavirus pandemic. U.S. crude rose to a high of $25.24 a barrel early […]

President Trump Meets with Wall Street Investors on Reopening Economy

President Trump Meets with Wall Street Investors on Reopening Economy

$DIA, $SPY $QQQ $RUTX $VXX Tuesday morning, President Trump spoke to several billionaire hedge fund and private equity managers about reopening the US economy that over the past 4 wks ground to a halt due to the coronavirus outbreak. President Trump is re-evaluating whether or not to call for people to return to work as […]

United States Oil (USO) – Futures market points to negative open for U.S. stock markets, oil edges lower

United States Oil (USO) – Futures market points to negative open for U.S. stock markets, oil edges lower

United States Oil (USO) – Futures market points to negative open for U.S. stock markets, oil edges lower U.S. stock markets were set to plunge at the start of the trading week as the futures market suggested a negative start to trading. The move would come after the worst week of trading for North American […]

United States Oil (USO) – President Donald Trump has ordered the Department of Energy to purchase 77 million barrels of American-made crude oil to support U.S. oil producers

United States Oil (USO) – President Donald Trump has ordered the Department of Energy to purchase 77 million barrels of American-made crude oil to support U.S. oil producers

United States Oil (USO) – President Donald Trump has ordered the Department of Energy to purchase 77 million barrels of American-made crude oil to support U.S. oil producers President Donald Trump has ordered the Department of Energy to purchase 77 million barrels of American-made crude oil to support U.S. oil producers who have hit hard […]

United States Oil (USO) – US President Donald Trump’s administration sanctioned nine entities for “trading or transporting” oil with Iran

United States Oil (USO) – US President Donald Trump’s administration sanctioned nine entities for “trading or transporting” oil with Iran

United States Oil (USO) – US President Donald Trump’s administration sanctioned nine entities for “trading or transporting” oil with Iran The blacklisted companies include three mainland China-based firms, three Hong Kong-based companies and one South African company. The blacklist was also extended to include two entities connected to the South African company, SPI International Proprietary […]

United States Oil (USO) hits 17-year low as lockdowns, restrictions spread

United States Oil (USO) hits 17-year low as lockdowns, restrictions spread

United States Oil (USO) hits 17-year low as lockdowns, restrictions spread Oil prices fell for a third session on Wednesday with U.S. crude futures tumbling to a 17-year low as travel and social lockdowns sparked by the coronavirus epidemic knocked the outlook for demand. U.S. crude was down $1.49 cents, or 5.53%, at $25.46 per […]

President Trump’s Stimulus Plans Boost Investor Confidence

President Trump’s Stimulus Plans Boost Investor Confidence

$SPY, $DIA, $OIL Over the past month, equity markets and financial assets broadly, have been attempting to price in the dual shock of a pandemic and the sudden collapse in Crude Oil prices Volatility stemming from the outbreak has seen the DJIA move up or down by 1000 pts or more for 7 days running, […]

United States Oil (USO) Giants Set Health Checks for Critical Staff, Work-From-Home Rules

United States Oil (USO) Giants Set Health Checks for Critical Staff, Work-From-Home Rules

United States Oil (USO) Giants Set Health Checks for Critical Staff, Work-From-Home Rules Major energy companies in the United States imposed work-from-home rules for office staff and began health checks for remote or critical workers as coronavirus spread and threatened an industry reeling from falling demand and profits. BP, Exxon Mobil, Kinder Morgan, Motiva Enterprises […]

The 3 Stages of Bull and Bear Markets

The 3 Stages of Bull and Bear Markets

$DIA $XAU $USO What a wild week; I am overwhelmed!  In my articles I usually find a narrative theme in which to insert my graphics But this week the only theme that comes to mind is what an awful week it was, just awful.  Come to think of it, that’s actually a pretty good theme […]

The Message from Goldman Sacks on the Impact of this Election Year Virus

The Message from Goldman Sacks on the Impact of this Election Year Virus

$GS $SPY $OIL $USO The Goldman Sachs investor call Sunday. The Key economic take aways are: 50% of Americans will contract the virus (150-M people) as it is very communicable.  This is on a par with Rhinovirus aka the common cold, of which there are about 200 strains and which the majority of Americans will […]

Crude Oil Demand Heads for Record Lows

Crude Oil Demand Heads for Record Lows

$OIL $USO “This is a sudden, instant demand shock, the scale of the decline is unprecedented.” Gasoline becomes more affordable, just when Americans do not need it.” Global Crude Oil consumption is heading to the biggest annual contraction in history, as more countries introduce unprecedented measures to fight the virus outbreak. Travel bans, work-from-home, canceled […]

People are Asking, “What is going on in this Stock Market?”

People are Asking, “What is going on in this Stock Market?”

$DIA $SPY $QQQ $RUTX The Big Q: What is going on in this Stock Market? The Big A: A confluence of confusion aka lots of unknowns. I have been in the stock market since Y 1981, and like everyone else I know in this game, have not see this kind of action ever. What we […]

United States Oil (USO) ends with a loss of over 4% after Trump imposes restrictions on travel from Europe

United States Oil (USO) ends with a loss of over 4% after Trump imposes restrictions on travel from Europe

United States Oil (USO) ends with a loss of over 4% after Trump imposes restrictions on travel from Europe Oil futures finished sharply lower Thursday, with global benchmark prices suffering a loss of more than 7%, after President Donald Trump imposed restrictions on travel from Europe to the U.S. in an effort to contain the […]

Bear Market in Stocks Confirmed

Bear Market in Stocks Confirmed

$DIA $SPY $QQQ $RUTX $VXX A Bear market is confirmed when an index sinks 20% or more below its most recent closing high. For the 2nd time this week, the S&P 500 triggered a 15-min trading halt after falling by 7.0% shortly after the open following more economic disruptions caused by the coronavirus. Note: New […]

United States Oil (USO) slumps as U.S. bans travel from Europe over pandemic

United States Oil (USO) slumps as U.S. bans travel from Europe over pandemic

United States Oil (USO) slumps as U.S. bans travel from Europe over pandemic Oil prices sank again on Thursday along with the broader market after the United States banned travel from Europe following a World Health Organization declaration that the coronavirus outbreak is now a pandemic. Market worries were compounded by the threat of a […]

If You are Worried About Your Portfolio – Slow and Steady Always Wins

If You are Worried About Your Portfolio – Slow and Steady Always Wins

$DIA $SPY $QQQ $RUTX $USO $GLD Monday, the DJIA saw its worst decliner since Y 2008 in response to news of COVID-19 and the Saudi/Russia Crude Oil price war, and the ride the stock market/s have taken in the last 2 wks has left lot of investors with stomach aches. If you have a 401(k) […]

United States Oil (USO) prices climbs for a second day on Wednesday, lifted by hopes that U.S. producers will cut output

United States Oil (USO) prices climbs for a second day on Wednesday, lifted by hopes that U.S. producers will cut output

United States Oil (USO) prices climbs for a second day on Wednesday, lifted by hopes that U.S. producers will cut output Oil prices climbed for a second day on Wednesday, lifted by hopes that U.S. producers will cut output, but gains were limited compared with Monday’s crash after Saudi Arabia and Russia triggered a price […]

Global Markets and Commodities

Global Markets and Commodities

$GLD $XAU $OIL $USO $USD $MSCI Crude Oil and global equity markets bounced back after the Monday’s losses as the world’s biggest economies moved to cushion the impact of the coronavirus, but stock gains in Europe failed to hold as investors are still cautious. The price of Brent Crude Oil climbed 10% on hopes a […]

The Collapse in Crude Oil Prices Adds to the Market’s Uncertainty, Equities Dive in Concert

The Collapse in Crude Oil Prices Adds to the Market’s Uncertainty, Equities Dive in Concert

$DIA $SPY $QQQ $RUTX $USO $VXX WTI Crude Oil settled off 10.23 (-24.8%) to 31.09 bbl for its worst decliner since Y 1991. The last time Crude Oil traded at this mark was in Y 2016. Last Tuesday, the world’s Top financial officials pledged to use “all appropriate policy tools” to protect their economies from […]

United States Oil (USO) plunges 25% as another virus-fueled trading week begins

United States Oil (USO) plunges 25% as another virus-fueled trading week begins

United States Oil (USO) plunges 25% as another virus-fueled trading week begins Oil prices are plunging amid concern a dispute among producers could lead a global economy weakened by COVID-19 to be awash in an oversupply of crude. Brent crude, the international standard, lost $11.44, or 25.3%, to $33.83 per barrel in electronic trading in […]

Commentary: Paul Ebeling on Wall Street

Commentary: Paul Ebeling on Wall Street

$DIA $SPY $QQQ $RUTX $GLD $XAU $USO $VXX Wow, what a week it was, it really was! Technical Analysis: The move Thursday was not encouraging for a continued relief move, much less anything else. The Big Qs: Was it the end of the relief move? Would the jobs report help spring the move higher, given that […]

Crude Oil Prices Have Collapsed, More Southside Ahead

Crude Oil Prices Have Collapsed, More Southside Ahead

$OIL $USO $GLD $SPY $XAU $JPY Crude Oil markets tumbled more than 30% after the disintegration of the OPEC+ alliance triggered an all-out price-war between Saudi Arabia and Russia. Brent Crude Oil futures suffered the 2nd-largest drop on record in the opening secs of trading in Asia, behind only the dive during the Gulf War […]

United States Oil (USO) – OPEC agrees biggest oil production cut since 2008 financial crisis, but only if Russia joins

United States Oil (USO) – OPEC agrees biggest oil production cut since 2008 financial crisis, but only if Russia joins

United States Oil (USO) – OPEC agrees biggest oil production cut since 2008 financial crisis, but only if Russia joins The Organization of the Petroleum Exporting Countries (OPEC), led by Saudi Arabia, has decided to cut production by up to 1.5 million barrels per day. The decision is believed to be conditional on approval from […]

United States Oil (USO) Prices Reverse as U.S. Crude Production Sets Record High

United States Oil (USO) Prices Reverse as U.S. Crude Production Sets Record High

United States Oil (USO) Prices Reverse as U.S. Crude Production Sets Record High Oil prices reversed early gains on Wednesday as data showed U.S. crude production hit record highs last week, suggesting that drillers in the world’s largest producer were pumping at optimum levels amid the global demand destruction to energy caused by the novel […]

United States Oil (USO) traders battered by unexpected collapse in gasoil, petrol demand

United States Oil (USO) traders battered by unexpected collapse in gasoil, petrol demand

United States Oil (USO) traders battered by unexpected collapse in gasoil, petrol demand Oil traders have been hit hard early in 2020, losing tens of millions of dollars on bets on gasoil price spreads due to an unexpected collapse in demand in January, sources familiar with the matter said. This happens after the industry had […]

United States Oil (USO) higher on expectations that central banks are likely to enact financial stimulus to offset the impacts of the coronavirus outbreak

United States Oil (USO) higher  on expectations that central banks are likely to enact financial stimulus to offset the impacts of the coronavirus outbreak

United States Oil (USO) higher on expectations that central banks are likely to enact financial stimulus to offset the impacts of the coronavirus outbreak Oil prices rose for a second day on Tuesday on expectations that central banks are likely to enact financial stimulus to offset the impacts of the coronavirus outbreak and growing optimism […]

United States Oil (USO) prices fall as coronavirus spreads outside China with death toll at 2,900

United States Oil (USO) prices fall as coronavirus spreads outside China with death toll at 2,900

United States Oil (USO) prices fall as coronavirus spreads outside China with death toll at 2,900 With the viral outbreak spreading to more countries, the price of oil has dropped precipitously as global demand weakens even further. That has sent shares tumbling for oil giants like Exxon and Chevron while smaller producers with idling rigs […]

United States Oil (USO) Prices Plunged More Than 3% as Coronavirus Threat Looms

United States Oil (USO) Prices Plunged More Than 3% as Coronavirus Threat Looms

United States Oil (USO) Prices Plunged More Than 3% as Coronavirus Threat Looms Oil prices plunged more than 3% and traded near their 2017 lows as reports around the coronavirus health crisis worsened. U.S. Crude Oil WTI Futures plunged 3.1% to $45.62 by 1:35 AM ET (05:35 GMT). International Brent Oil Futures slid 2.8% to […]

United States Oil (USO) slips amid worry about demand slowdown from virus

United States Oil (USO) slips amid worry about demand slowdown from virus

United States Oil (USO) slips amid worry about demand slowdown from virus Oil prices fell for a fifth day on Thursday to their lowest since January 2019 as a growing number of new coronavirus cases outside China fuelled fears of a pandemic which could slow the global economy and lower crude demand. Brent crude was […]

United States Oil (USO) Tanks On Fears Of Global Economic Crisis

United States Oil (USO) Tanks On Fears Of Global Economic Crisis

United States Oil (USO) Tanks On Fears Of Global Economic Crisis Global equities fell sharply on Monday as fears over the spread of the coronavirus spiked once again, with new cases spreading beyond the borders of China. The Dow Jones plunged by more than 900 points and oil prices slumped nearly 5 percent. Several countries […]

United States Oil (USO) prices stay under pressure with increase in virus cases outside of China

United States Oil (USO) prices stay under pressure with increase in virus cases outside of China

United States Oil (USO) prices stay under pressure with increase in virus cases outside of China Oil markets will continue to remain under pressure with a rise in coronavirus cases appearing outside of China, even as the virus also continues to affect demand in China itself, analysts said. Oil prices on Friday saw Brent closing […]

Gold is in the Midst of a Perfect Storm

Gold is in the Midst of a Perfect Storm

$GLD $XAU $SLV $XAG $USD $EUR Concerns about the human and economic cost of the coronavirus continues to drive the need for strategic diversification and safe haven demand. Pro-cyclical commodities such as crude oil and copper meanwhile saw their recent recovery falter in face of renewed concern over the virus spreading outside of China. Commodity […]

United States Oil (USO) Rises to Highest in Almost 4 Weeks on Booming U.S Exports

United States Oil (USO) Rises to Highest in Almost 4 Weeks on Booming U.S Exports

United States Oil (USO) Rises to Highest in Almost 4 Weeks on Booming U.S Exports Oil jumped to the highest in almost four weeks as U.S. crude exports surged and the expansion of domestic inventories slowed dramatically. Futures rose 0.9% in New York on Thursday. American oil exporters shipped the equivalent of more than one-fourth […]

United States Oil (USO) inches higher, but gains capped by widening economic impact of coronavirus outbreak

United States Oil (USO) inches higher, but gains capped by widening economic impact of coronavirus outbreak

United States Oil (USO) inches higher, but gains capped by widening economic impact of coronavirus outbreak Oil prices were slightly higher on Wednesday with gains limited by the widening economic impact from the coronavirus epidemic that started in China, although new confirmed cases fell for a second day in the province at the centre of […]

United States Oil (USO) prices fall as market weighs coronavirus demand impact

United States Oil (USO) prices fall as market weighs coronavirus demand impact

United States Oil (USO) prices fall as market weighs coronavirus demand impact Oil prices fell on Tuesday, tracking losses in financial markets on lingering concerns over the economic impact of the coronavirus outbreak in China and its effect on oil demand. Brent crude LCOc1 was at $57.07 a barrel, down 60 cents, or 1%, by […]

United States Oil (USO) investors brace for economic data in Asia due this week

United States Oil (USO) investors brace for economic data in Asia due this week

United States Oil (USO) investors brace for economic data in Asia due this week Oil prices edged lower on Monday as investors brace for economic data in Asia due this week that should give a reading on how China’s coronavirus epidemic has affected oil demand. Brent crude was at $56.99 a barrel, down 33 cents […]

United States Oil (USO) prices steady but set for weekly gain on supply cut optimism

United States Oil (USO) prices steady but set for weekly gain on supply cut optimism

United States Oil (USO) prices steady but set for weekly gain on supply cut optimism Oil prices were steady on Friday but are set for their first weekly gain in six weeks on the assumption major producers will implement deeper output cuts to offset slowing demand in China, the world’s second-largest crude user. Brent crude […]

United States Oil (USO) – The $2 Trillion Threat To Middle East Oil

United States Oil (USO) – The $2 Trillion Threat To Middle East Oil

United States Oil (USO) – The $2 Trillion Threat To Middle East Oil The global drive to mitigate the impact of climate change and boost renewable energy is threatening the immense wealth that the Arab Gulf oil producers have accumulated from crude oil over the past decades. In less than a decade and a half, […]

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