$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 […]
$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 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) – 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, […]
$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 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 […]
$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 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 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 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 […]
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 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 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 […]
$DIA $SPY $QQQ $RUTX, $USO, $XAU, $USD, $VXX Despite the coordinated stimulus packages announced by central banks and the massive stimulus plans laid out by Washington, confidence was lacking due to the growing outbreak of COVID-19 and the continued shutdown of the economy. Shortly before the close, the Senate passed the House bill that provides […]
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 […]
$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 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 […]
$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 […]
$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 […]
$DIA $SPY $QQQ $RUTX $VXX US stocks spiked 9%+ as President Trump joined reassured investors that he is stepping up efforts to protect the economy from the coronavirus fallout. All 3 major US stock market indexes rose 9%+, as President Trump declared a national emergency to help combat the virus and said the private sector […]
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 […]
$SPY $USO Investment wizard Warren Buffett described Monday’s market plunge as a “1-2 Punch” of coronavirus and falling Crude Oil prices that it took him all his life to experience. “If you stick around long enough, you will see everything in markets,” Mr Buffett said Thursday. “And it may have taken me to 89 yrs of […]
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 […]
$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 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 […]
$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 […]
United States Oil (USO) prices rebound 6% after rout, but outlook volatile Oil prices bounced back 7% on Tuesday from the biggest one-day rout in nearly 30 years, as investors eyed the possibility of economic stimulus despite a price war between top producers Saudi Arabia and Russia. President Donald Trump on Monday said he will […]
The White House will host a meeting with Wall Street’s Top executives later this week focusing on the economic impact of the coronavirus. The stock market has been hammered since the coronavirus outbreak began, with Monday marking the single worst drop in the US since December 2008. The S&P 500 fell 7% Monday, after having […]
President Trump on Thursday signed an $8.3-B emergency funding package to fight COVID-19 A number of outcomes is possible, decision makers should not assume the worst. Fewer than 3 months have since China reported a new virus to the World Health Organization (WHO). The virus is known as SARS-CoV-2, causing COVID-19 disease, spread quickly in […]
$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 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 […]
$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 […]
$GLD $XAU $USO $OIL $SPY $USD Gold broke above 1,700 oz on a into safe- havens intensified, with the upswing driven by turmoil in the Crude Oil market, the spread of the coronavirus, sinking equities, and expectations of easier monetary policy. The precious Yellow metal hit its highest mark since Y 2012 as Brent collapsed, […]
$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 […]
$DIA $SPY $QQQ $RUTX $XAU, $XAG, $CU, $OIL, $USO, $VXX FLASH: The S&P 500 staged a 70-pt rally during the final hr of trade, which led to a significant improvement in final sector standings, though all 11 sectors finished in the Red. The US economy is likely growing at a 3.1% annualized rate in Q-1, […]
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) 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 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 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 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 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 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 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 […]
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) Export Story Has Really Just Started All told, the US could become the largest crude oil exporter within five years. While U.S. crude oil production has soared 160 percent to 13 million b/d in the shale-era since 2008, total demand has remained flat at 19-21 million b/d. In turn, exports of […]
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 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 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 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 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) 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 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 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 […]
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 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) falls as the death toll from the new virus in China climbed to 170 Oil prices fell on Thursday as the death toll from the new virus in China climbed to 170 and more airlines canceled flights to the country’s major cities, while rising U.S. crude inventories added to the negative […]
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 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 […]
$DIA, $SPY, $QQQ, $RUTX, $VXX I herewith urge all investors to avoid making hasty decisions after China announced a rise in cases of a deadly new virus that the media says threatens to crimp global economic growth. Stocks markets pulled back worldwide Monday on the supposition that investors are worried about the potential economic impact of […]
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 […]
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 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 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 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, […]
United States Oil (USO) trading higher after two large crude production bases in Libya began shutting down amid a military blockade Oil prices rose to their highest in more than week on Monday after two large crude production bases in Libya began shutting down amid a military blockade, setting the stage for crude flows from […]
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 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) 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 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 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 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 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 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 […]
$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 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 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 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 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 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 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 […]
Family holidays. Full of love. Full of laughter. And full of the inevitable conversations with the family liberal who just does not want to believe how great America is doing with President Trump in office. Thanks to President Donald Trump, the American energy revolution is now underway. America is now the world’s largest oil producer […]
$SPY, $SPX, $USO, $NFLX S&P 500 stocks are on pace to close out the decade with the longest Bull market in history running. The Bull run began on 9 March 2009, has avoided falling into a Bear market several times over the past 10 years but is on course to continue into Y 2020 With […]
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 […]
$SPY $SPX, $XAU, $USO, $USO For all the stress, worries and concerns about trade disputes, geopolitics and a slowing and overly indebted global economy, Y 2019 may be the best year investors have ever had. The numbers are staggering Global stocks have piled on more than $10-T, bonds have been on fire, Crude Oil has […]
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 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 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, […]
$GM, $USO US factory production rebounded by more than forecast in November and rose excluding a surge in auto production following the end of the General Motors (NYSE:GM) strike, in a sign of stabilization in manufacturing. The 1.1% increase in manufacturing output, the biggest gain since early 2018, followed a 0.7% decrease in October, Federal Reserve […]
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 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 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 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 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 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 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 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) 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 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 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 […]
$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 […]
