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, […]

United States Oil (USO) climbs as China reported its lowest daily number of new coronavirus cases

United States Oil (USO) climbs as China reported its lowest daily number of new coronavirus cases

United States Oil (USO) climbs as China reported its lowest daily number of new coronavirus cases Oil prices climbed on Wednesday as China reported its lowest daily number of new coronavirus cases since late January, stoking investor hopes that fuel demand in the world’s second-largest oil consumer may begin to recover from the epidemic. Brent […]

US Job Losses in United States Oil (USO), Gas Industry Flat in January

US Job Losses in United States Oil (USO), Gas Industry Flat in January

US Job Losses in United States Oil (USO), Gas Industry Flat in January The job losses in the U.S that have plagued the oil and gas industry for most of the latest downturn showed signs of easing in January. Instead of sharp dips, oil and gas extraction, which is categorized under mining by the U.S. […]

United States Oil (USO) prices can’t shake off the coronavirus

United States Oil (USO) prices can’t shake off the coronavirus

United States Oil (USO) prices can’t shake off the coronavirus Oil prices steadied on Monday in Asia after posting a fifth straight weekly loss. U.S. Crude Oil WTI Futures inched up 0.1% to $50.37 by 1:27 AM ET (05:27 GMT), while international Brent Oil Futures also gained 0.1% to $54.52. Combined losses over five weeks […]

United States Oil (USO) – U.S. Weighs Sanctions on Rosneft But Is Wary of Oil Market Chaos

United States Oil (USO) – U.S. Weighs Sanctions on Rosneft But Is Wary of Oil Market Chaos

United States Oil (USO) – U.S. Weighs Sanctions on Rosneft But Is Wary of Oil Market Chaos The U.S. is weighing whether to sanction Russia’s biggest oil producer, Rosneft PJSC, for maintaining ties with Venezuela’s Nicolas Maduro, though American officials are wary that the move could cause chaos in global oil markets, according to people […]

United States Oil (USO) Snaps 5-Day Losing Streak

United States Oil (USO) Snaps 5-Day Losing Streak

United States Oil (USO) Snaps 5-Day Losing Streak Oil reversed five days of losses as the potential for an OPEC+ production cut overshadowed an uptick in U.S. crude inventories. Futures climbed 2.3% in New York on Wednesday, gaining the most in a month. Oil markets earlier jumped more than 4% before easing gains as a […]

Gold Price Seen at $2,000 Near Term

Gold Price Seen at $2,000 Near Term

$XAU $GLD $SPY $SPX The S&P 500 posted a record high Wednesday at +37.10, or 1.1% at 3334.69 The reverse side of market optimism was the correction of safe-havens such as JPY and Gold. The JPY declined against the Buck, lead USDJPY to its highs in a 1. wks near 109.50, showing a rebound from the 200-Day SMA. Gold dropped […]

United States Oil (USO) dragged down by worries about lower demand in China

United States Oil (USO) dragged down by worries about lower demand in China

United States Oil (USO) dragged down by worries about lower demand in China Oil prices extended their losses on Monday, dragged down by worries about lower demand in China, the world’s largest oil importer, following a coronavirus outbreak there. Brent and U.S. West Texas Intermediate (WTI) crude fell for a fourth week in a row […]

United States Oil (USO) falls on spread of Wuhan virus, U.S. oil-stocks build

United States Oil (USO) falls on spread of Wuhan virus, U.S. oil-stocks build

United States Oil (USO) falls on spread of Wuhan virus, U.S. oil-stocks build Oil prices fell on Thursday as alarm spread over the economic impact of the Wuhan virus in China, while a bigger-than-expected increase in U.S. crude stocks added to the negative tone. Brent was down 95 cents, or 1.6%, at $58.86 a barrel by […]

United States Oil (USO) gains amid assessment of China virus impact, possible OPEC supply cuts

United States Oil (USO) gains amid assessment of China virus impact, possible OPEC supply cuts

United States Oil (USO) gains amid assessment of China virus impact, possible OPEC supply cuts Oil prices rose for a second day on Wednesday, standing on firmer ground after a five-day rout on talk that OPEC could extend oil cuts if a new coronavirus hurts demand, while data showing a decline in U.S. stockpiles also […]

United States Oil (USO) plunged more than 15 percent over the past three weeks

United States Oil (USO) plunged more than 15 percent over the past three weeks

United States Oil (USO) plunged more than 15 percent over the past three weeks Oil prices have plunged more than 15 percent over the past three weeks, hitting their lowest levels since October as concerns about increased global production have been amplified by fears of the coronavirus outbreak in China hurting economic growth and energy […]

United States Oil (USO) Saudi Arabia’s energy minister seeks to calm the market

United States Oil (USO) Saudi Arabia’s energy minister seeks to calm the market

United States Oil (USO) Saudi Arabia’s energy minister seeks to calm the market Crude prices fell more than 2% to multi-month lows on Monday as the rising number of cases of the new coronavirus in China and city lockdowns there deepened concerns over oil demand, even as Saudi Arabia’s energy minister sought to calm the […]

Commentary: Paul Ebeling on Wall Street

Commentary: Paul Ebeling on Wall Street

$DIA, $SPY, $QQQ, $RUTX, $VXX, $GLD, $XAU, $USO Last Week Stock action has improved with low to high gains and the stocks that stumbled Wednesday have showed stronger action. There has been excellent action in response to good earnings both during the trading session and after-hours. Bonds rallied, gold has risen and Crude Oil has […]

United States Oil (USO) steady but on track for a fall of up to 5% for the week on growing concern that fuel demand will weaken

United States Oil (USO) steady but on track for a fall of up to 5% for the week on growing concern that fuel demand will weaken

United States Oil (USO) steady but on track for a fall of up to 5% for the week on growing concern that fuel demand will weaken Oil prices were steady on Friday, but on track for a fall of up to 5% for the week on growing concern that fuel demand will weaken as the […]

United States Oil (USO), Canadian oil company bankruptcies surge 50 per cent in 2019

United States Oil (USO), Canadian oil company bankruptcies surge 50 per cent in 2019

United States Oil (USO), Canadian oil company bankruptcies surge 50 per cent in 2019 The number of oil and gas company bankruptcies in the United States and Canada rose 50% in 2019 over the previous year, and is likely to increase as a slide in energy prices continues to shake producers Dallas law firm Haynes […]

United States Oil (USO) extending declines as the International Energy Agency (IEA) forecast a market surplus in the first half

United States Oil (USO) extending declines as the International Energy Agency (IEA) forecast a market surplus in the first half

United States Oil (USO) extending declines as the International Energy Agency (IEA) forecast a market surplus in the first half Oil prices eased on Wednesday, extending declines as the International Energy Agency (IEA) forecast a market surplus in the first half, helping ease concerns about disruptions that have slashed Libya’s crude output. Brent crude was down […]

United States Oil (USO) Price Rises after Libyan Oilfield Shutdowns

United States Oil (USO) Price Rises after Libyan Oilfield Shutdowns

United States Oil (USO) Price Rises after Libyan Oilfield Shutdowns Oil price rose to its highest in more than week on Monday after two large crude production bases in Libya began shutting down amid a military blockade, Reuters reported. Brent crude LCOc1 futures were up by 74 cents, or 1.1%, to $65.59 by 0331 GMT, […]

2020: Wall Street Extends Rally Ahead of a Long Holiday Weekend

2020: Wall Street Extends Rally Ahead of a Long Holiday Weekend

$DIA, $SPY, $QQQ, $RUTX, $VXX As a reminder, the market will be closed on Monday for Martin Luther King Jr. Day. Friday: Overall, it was a relatively subdued session that had the potential for even more gainers, as housing starts rose to their highest level in 13 years in December, China’s industrial production rose more […]

United States Oil (USO) – US-China trade deal to shake up global crude oil flows

United States Oil (USO) – US-China trade deal to shake up global crude oil flows

United States Oil (USO) – US-China trade deal to shake up global crude oil flows Sharply higher Chinese purchases of US energy products as part of the China-US trade deal will shake up global crude oil trade flows if American supplies squeeze rival crudes out of the top oil import market, trade sources have said. […]

United States Oil (USO) drops as U.S. to keep tariffs on Chinese goods until Phase 2 deal-Mnuchin

United States Oil (USO) drops as U.S. to keep tariffs on Chinese goods until Phase 2 deal-Mnuchin

United States Oil (USO) drops as U.S. to keep tariffs on Chinese goods until Phase 2 deal-Mnuchin Oil prices slipped on Wednesday on concerns that the pending Phase 1 trade deal between the United States and China, the world’s biggest oil users, may not boost demand as the U.S. intends to keep tariffs on Chinese […]

United States Oil (USO) declines as the United States and China prepared to sign a preliminary trade deal and as Middle East tensions eased

United States Oil (USO) declines as the United States and China prepared to sign a preliminary trade deal and as Middle East tensions eased

United States Oil (USO) declines as the United States and China prepared to sign a preliminary trade deal and as Middle East tensions eased Oil prices climbed on Tuesday after five days of declines as the United States and China prepared to sign a preliminary trade deal and as Middle East tensions eased. Brent crude […]

United States Oil (USO) falls 1% as focus shifts to high U.S. fuel stocks

United States Oil (USO) falls 1% as focus shifts to high U.S. fuel stocks

United States Oil (USO) falls 1% as focus shifts to high U.S. fuel stocks Oil prices fell about 1% on Monday as Middle East tensions eased and investors turned their focus to lackluster seasonal demand following last week’s bearish U.S. report showing a large fuel stockbuilds. Brent crude <LCOc1> settled down 78 cents at $64.20 […]

United States Oil (USO) US threatens sanctions if China keeps buying Iranian oil

United States Oil (USO) US threatens sanctions if China keeps buying Iranian oil

United States Oil (USO) US threatens sanctions if China keeps buying Iranian oil Treasury Secretary Steven Mnuchin said he is working with China to cut off the minimal flow of Iranian oil exports to the country on “Sunday Morning Futures” with Maria Bartiromo. “We’ve cut off probably over 95% of the oil revenues, so there’s a […]

United States Oil (USO) up, stocks down after Iran missile attack on US troops

United States Oil (USO) up, stocks down after Iran missile attack on US troops

United States Oil (USO) up, stocks down after Iran missile attack on US troops Oil prices rose and global stock markets fell Wednesday after Iran fired missiles at U.S. bases in Iraq in retaliation for the killing of an Iranian general. Brent crude futures, the benchmark for international oils, spiked more than $3 per barrel […]

United States Oil (USO) prices sink after roller-coaster ride amid U.S.-Iran tensions

United States Oil (USO) prices sink after roller-coaster ride amid U.S.-Iran tensions

United States Oil (USO) prices sink after roller-coaster ride amid U.S.-Iran tensions Oil prices plunged over 4 percent on Wednesday after a roller-coaster ride as market participants assessed the possibility of a global crude supply disruption by monitoring the latest development of U.S.-Iran tensions. The United States killed Major General Qassem Soleimani, commander of Iran’s […]

United States Oil (USO) spikes after Iran attacks US forces

United States Oil (USO) spikes after Iran attacks US forces

United States Oil (USO) spikes after Iran attacks US forces The price of oil spiked Wednesday (Jan 8) after Iran launched revenge attacks on US forces in Iraq, making good on its pledge to hit back over the killing of its top general. The main US contract rocketed by more than 4.5 per cent as […]

United States Oil (USO) touches $70 as US-Iran clash sparks concerns over supplies

United States Oil (USO) touches $70 as US-Iran clash sparks concerns over supplies

United States Oil (USO) touches $70 as US-Iran clash sparks concerns over supplies Oil extended its gains, briefly surpassing $70 a barrel in London for the first time since September, as Middle East tensions flared after the U.S. assassinated one of Iran’s most powerful generals. Futures rose as much as 3.1% on Monday as the […]

2020: What to Watch For in Commodities

2020: What to Watch For in Commodities

$DIA $SPY $QQQ, $RUTX, $VXX, $SOY, $CORN, $XAU, $CU, $USO This is our 1st What to Watch in the commodities sector, it is an overview of what to expect. The picture mixed, complex picture that emerges. The list covers oil, gold, copper, iron ore, pork and more. The year’s 1st full week of trading could […]

United States Oil (USO) hits $70 as Iran exits nuclear deal, tensions intensify

United States Oil (USO) hits $70 as Iran exits nuclear deal, tensions intensify

United States Oil (USO) hits $70 as Iran exits nuclear deal, tensions intensify Oil extended its dramatic price surge as the fallout between the US and Iran escalated after the assassination of one of the Islamic Republic’s most powerful generals. Futures jumped above $70 a barrel in London as the US State Department said there’s […]

United States Oil (USO) market continues to see robust crude oil production from the USA, Canada, and Brazil

United States Oil (USO) market continues to see robust crude oil production from the USA, Canada, and Brazil

United States Oil (USO) market continues to see robust crude oil production from the USA, Canada, and Brazil Oil prices treaded water before settling slightly higher on the first trading day of 2020 amid concerns that U.S. crude production could rebound strongly. West Texas Intermediate, the U.S. crude benchmark, settled up 12 cents, or 0.2%, […]

United States Oil (USO) supported by U.S.-China trade optimism, Middle East tensions

United States Oil (USO) supported by U.S.-China trade optimism, Middle East tensions

United States Oil (USO) supported by U.S.-China trade optimism, Middle East tensions Oil prices kicked off the new year higher on Thursday as warming trade relations between the United States and China eased demand concerns, while rising tensions in the Middle East fueled worries about supply.Global benchmark. Brent crude futures, were up 22 cents, or 0.3%, […]

United States Oil (USO) on Track for Best Year Since 2016 as Supply Concerns Ease

United States Oil (USO) on Track for Best Year Since 2016 as Supply Concerns Ease

United States Oil (USO) on Track for Best Year Since 2016 as Supply Concerns Ease Oil is on track for the biggest yearly gain since 2016 as declining U.S. crude stockpiles eased oversupply concerns, and heightened geopolitical risk gave the commodity a boost. Futures in New York held near a three-month high Monday. American crude […]

The Next United States Oil (USO) Boom Is Happening Here

The Next United States Oil (USO) Boom Is Happening Here

The Next United States Oil (USO) Boom Is Happening Here ust as the U.S. shale industry is slowing down, oil production in other non-OPEC countries is on the rise. Output in U.S. shale grew substantially in 2019, although at a slower rate than in years past. More importantly, as investors lose interest and capital markets […]

United States Oil (USO) extends gains

United States Oil (USO) extends gains

United States Oil (USO) extends gains Oil rose for a third session as an industry report showed American inventories shrank and as optimism over a partial U.S.-China trade deal grew. Futures rose as much as 0.7% in New York, extending gains as trading resumed after the Christmas break. Prices are up more than 11% in […]

United States Oil (USO) holds near recent three-month highs amid optimism that the United States and China are close to signing a trade deal

United States Oil (USO) holds near recent three-month highs amid optimism that the United States and China are close to signing a trade deal

United States Oil (USO) holds near recent three-month highs amid optimism that the United States and China are close to signing a trade deal Oil prices slipped on Monday, but held near recent three-month highs amid optimism that the United States and China are close to signing a trade deal, with President Donald Trump saying […]

United States Oil (USO) hover near highest levels since mid-September

United States Oil (USO) hover near highest levels since mid-September

United States Oil (USO) hover near highest levels since mid-September Oil prices held steady near three-month highs on Friday on the back of easing Sino-U.S. trade tensions that have weighed on demand as well as the global economic growth outlook. Brent futures rose 2 cents, or 0.03%, to 66.56 a barrel by 0145 GMT, while […]

United States Oil (USO) near three-month high after US inventories fall

United States Oil (USO) near three-month high after US inventories fall

United States Oil (USO) near three-month high after US inventories fall Oil prices remained in touching distance of three-month peaks on Thursday, extending a robust streak that began a week ago, after data showed US crude inventories had dropped while output cuts by major producers kept supply snug. Brent crude futures edged down 1 cent […]

United States Oil (USO) remained near a three-month high as investors kept the faith with hopes that a fully fledged U.S.-China trade deal

United States Oil (USO) remained near a three-month high as investors kept the faith with hopes that a fully fledged U.S.-China trade deal

United States Oil (USO) remained near a three-month high as investors kept the faith with hopes that a fully fledged U.S.-China trade deal Oil prices trickled a fraction lower on Tuesday but remained near a three-month high as investors kept the faith with hopes that a fully fledged U.S.-China trade deal is in the pipeline, […]

United States Oil (USO) remain near a three-month high as investors kept the faith

United States Oil (USO) remain near a three-month high as investors kept the faith

United States Oil (USO) remain near a three-month high as investors kept the faith Oil prices trickled a fraction lower on Tuesday but remained near a three-month high as investors kept the faith with hopes that a fully fledged U.S.-China trade deal is in the pipeline, set to stoke oil demand in the world’s biggest […]

United States Oil (USO) Prices Fall as Investors Seek Clarity on U.S.-China Trade Deal

United States Oil (USO) Prices Fall as Investors Seek Clarity on U.S.-China Trade Deal

United States Oil (USO) Prices Fall as Investors Seek Clarity on U.S.-China Trade Deal Oil prices on Monday slid off near three-month highs hit last week as investors searched for clarity beyond the initial impact of a trade deal between the United States and China that’s expected to boost flows between the top two global […]

United States Oil (USO) market still unbalanced despite OPEC+ cuts

United States Oil (USO) market still unbalanced despite OPEC+ cuts

United States Oil (USO) market still unbalanced despite OPEC+ cuts Additional cuts by the powerful OPEC group of oil producers and its allies may not be enough to eliminate a glut of crude on the global market, the IEA warned on Thursday. Meanwhile, energy consumption by China is bounding higher – a signal that the […]

United States Oil (USO) surprise build in U.S. crude inventories

United States Oil (USO) surprise build in U.S. crude inventories

United States Oil (USO) surprise build in U.S. crude inventories Oil prices dropped almost 1% on Wednesday following a surprise build in U.S. crude inventories, and as investors waited to see if a fresh round of tariffs by Washington on Chinese goods would come into force on Sunday. Brent futures settled at $63.72 per barrel, […]

Unexpected increase in US stocks puts United States Oil (USO) under pressure

Unexpected increase in US stocks puts United States Oil (USO) under pressure

Unexpected increase in US stocks puts United States Oil (USO) under pressure Oil prices fell on Wednesday after industry data showed a surprise build in crude oil inventory in the US and as investors waited for news on whether a fresh round of US tariffs on Chinese goods would take effect on Sunday. Brent futures […]

United States Oil (USO) prices recoil as spectre of trade war, weaker demand haunts market

United States Oil (USO) prices recoil as spectre of trade war, weaker demand haunts market

United States Oil (USO) prices recoil as spectre of trade war, weaker demand haunts market Oil prices slipped on Tuesday for a second straight session as the cons of a slowing global demand outlook outweighed the pros of OPEC’s agreement with associated producers at the end of last week to deepen crude output cuts in […]

United States Oil (USO) near 12-week high after Saudi Arabia surprise with output curbs

United States Oil (USO) near 12-week high after Saudi Arabia surprise with output curbs

United States Oil (USO) near 12-week high after Saudi Arabia surprise with output curbs Oil traded near the highest level in almost 12 weeks after Saudi Arabia surprised the market Friday with a significant supply cut beyond what was agreed to with fellow OPEC+ members. Futures in New York edged lower after climbing 1.3% Friday […]

United States Oil (USO) drops as market awaits ratification of OPEC+ supply cut

United States Oil (USO) drops as market awaits ratification of OPEC+ supply cut

United States Oil (USO) drops as market awaits ratification of OPEC+ supply cut Oil slipped in early Asian trade on Friday, with U.S. crude moving further away from a two-month high after OPEC agreed to increase output curbs in early 2020 but failed to promise further steps after March. Brent futures were down 21 cents, […]

United States Oil (USO) prices could plunge 30% if OPEC fails to act

United States Oil (USO) prices could plunge 30% if OPEC fails to act

United States Oil (USO) prices could plunge 30% if OPEC fails to act OPEC and its allies are once again being forced to consider dramatic action to avert a crash in oil prices. The Saudi Arabia-led cartel and Russia (collectively called “OPEC+”) are widely expected to announce in Vienna on Friday an agreement to extend […]

United States Oil (USO) could fall below $40 unless OPEC deepens cuts

United States Oil (USO) could fall below $40 unless OPEC deepens cuts

United States Oil (USO) could fall below $40 unless OPEC deepens cuts Crude oil prices are expected to plunge to $40 a barrel in 2020 unless OPEC and Russia agree to deepen – and not just extend – their production cuts, according to a new report from the Norwegian research firm Rystad Energy. The Organization of […]

United States Oil (USO) output still rising amid lower prices

United States Oil (USO) output still rising amid lower prices

United States Oil (USO) output still rising amid lower prices Production by over 950,000 bpd since September 2018, though year-on-year growth rate has been decelerating gently US crude production rose again in September, confounding sceptics who have long been predicting that output is poised to begin declining because of lower oil prices. Crude output increased […]

United States Oil (USO) signs of rising manufacturing activity in China pointed to increasing fuel demand

United States Oil (USO) signs of rising manufacturing activity in China pointed to increasing fuel demand

United States Oil (USO) signs of rising manufacturing activity in China pointed to increasing fuel demand Oil prices rose more than 1% on Monday as signs of rising manufacturing activity in China pointed to increasing fuel demand, and hints that OPEC may deepen output cuts at its meeting this week indicated supply may tighten next […]

US Under President Trump is a Net Crude Oil Exporter Ahead of 2020 Expectations

US Under President Trump is a Net Crude Oil Exporter Ahead of 2020 Expectations

$USO United States has cemented its status as a net exporter in world oil markets, and the dominance could affect its ties to foreign allies. The Energy Information Administration (EIA) reported Friday the United States exported 89,000 more barrels of crude oil and refined petroleum products a day than it imported in September, the 1st full […]

United States Oil (USO) investors are taking a wait-and-see approach

United States Oil (USO) investors are taking a wait-and-see approach

United States Oil (USO) investors are taking a wait-and-see approach Oil prices ended mixed on Thursday, with U.S. prices rebounding modestly from concerns that arose from U.S. President Donald Trump signing into law a bill backing protesters in Hong Kong, fuelling tensions with China. Brent crude lost 14 cents, or 0.2%, at $63.92 a barrel, […]

United States Oil (USO) rose against expectations as production hit a record

United States Oil (USO) rose against expectations as production hit a record

United States Oil (USO) rose against expectations as production hit a record. Oil prices fell on Thursday, extending losses from the previous session after official data showed U.S. crude and gasoline stocks rose against expectations as production hit a record. Brent crude futures were down 18 cents, or 0.3%, at $63.88 a barrel by 0517 […]

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