$USO #Oil #Production #USA #Markets #Trading #Commodities United States OilTicker: USOPrice: $29.86 US Oil News The U.S. oil industry probably passed the low point in the current cycle in July and August, with drilling rates set to start increasing from September or October and production turning up from March or April 2021. Since hitting a […]
United States Oil (USO) Prices Rise as OPEC Extends Record Oil Production Cuts to End-July Oil prices rose over 2% early on Monday to their highest in 3 months when OPEC and its allies including Russia agreed to extend record oil production cuts until the end of July. Brent crude LCOc1 climbed to as high […]
United States Oil (USO) Investors Remain Skeptical Investors have abandoned oil at warp speed so far this year as futures prices have fallen to record lows. Even as oil has bounced from its record trough in April, investors remain skeptical about the chances for sustained value appreciation. Shayne Heffernan Trade Idea “We expect oil will […]