United States Oil (USO) U.S. will make major strides towards energy independence

United States Oil (USO) U.S. will make major strides towards energy independence

United States Oil (USO) U.S. will make major strides towards energy independence The U.S. will make major strides towards energy independence in the next two years as oil production and exports hit new highs, according to the Department of Energy. U.S. oil production, already at an all-time high this year, will increase by another 2 […]

United States Oil (USO) darkening economic outlook capped gains

United States Oil (USO) darkening economic outlook capped gains

United States Oil (USO) darkening economic outlook capped gains Oil prices rose 1 percent on Tuesday amid supply cuts led by producer club OPEC and Russia, although a darkening economic outlook capped gains. International Brent crude oil futures were at $59.64 per barrel at 0257 GMT, up 65 cents, or 1.1 percent, from their last close. U.S. West Texas Intermediate (WTI) crude futures  […]

United States Oil (USO) production growth to slow in 2019 versus 2018

United States Oil (USO) production growth to slow in 2019 versus 2018

United States Oil (USO) production growth to slow in 2019 versus 2018 Except for an OPEC-induced dip in production in 2016, U.S. oil production has risen like a rocket since 2011. None of those years was bigger than 2018, when domestic oil production rose by 1.5 million barrels per day (BPD). In the six of […]

United States Oil (USO) Government data shows vast stockpiles of gasoline and other fuel in the United States

United States Oil (USO) Government data shows vast stockpiles of gasoline and other fuel in the United States

United States Oil (USO) Government data shows vast stockpiles of gasoline and other fuel in the United States Oil prices ticked higher on Thursday, extending a winning streak into a ninth session, with gains capped by the lack of any clear resolution to U.S.-China trade talks and weak Chinese economic data. U.S. West Texas Intermediate (WTI) […]

United States Oil (USO) U.S.-China trade dispute and the soaring U.S. oil production are the key concerns for the oil market

United States Oil (USO) U.S.-China trade dispute and the soaring U.S. oil production are the key concerns for the oil market

United States Oil (USO) U.S.-China trade dispute and the soaring U.S. oil production are the key concerns for the oil market The U.S.-China trade dispute and the soaring U.S. oil production are the key concerns for the oil market this year, according to Suhail Al Mazrouei, the Energy Minister of the United Arab Emirates (UAE), […]

United States Oil (USO) hopes that Washington and Beijing can resolve a trade dispute

United States Oil (USO) hopes that Washington and Beijing can resolve a trade dispute

United States Oil (USO) hopes that Washington and Beijing can resolve a trade dispute Oil prices rose on Wednesday, extending gains from the previous session on hopes that Washington and Beijing can resolve a trade dispute that has triggered a global economic slowdown. U.S. West Texas Intermediate (WTI) crude oil futures were at $50.29 per barrel as […]

United States Oil (USO) OPEC-led supply cuts tightened markets

United States Oil (USO) OPEC-led supply cuts tightened markets

United States Oil (USO) OPEC-led supply cuts tightened markets Oil prices rose on Tuesday on hopes that U.S.-Chinese talks in Beijing would bring a halt to trade disputes between the world’s biggest economies, while OPEC-led supply cuts tightened markets. International Brent crude futures LCOc1 were at $57.77 per barrel at 0113 GMT, up 44 cents, […]

United States Oil (USO) optimism that talks could soon resolve the trade war

United States Oil (USO) optimism that talks could soon resolve the trade war

United States Oil (USO) optimism that talks could soon resolve the trade war Oil prices rose by more than 1 percent on Monday, lifted by optimism that talks could soon resolve the trade war between the United States and China, while supply cuts by major producers also supported the market. Brent crude futures were at $57.75 […]

United States Oil (USO) 2019 Will Not be a Good Year

United States Oil (USO) 2019 Will Not be a Good Year

United States Oil (USO) 2019 Overall, the bias in prices is: Downwards. Note: this chart shows extraordinary price action to the downside. The projected upper bound is: 13.66. The projected lower bound is: 4.07. The projected closing price is: 8.86. Candlesticks A black body occurred (because prices closed lower than they opened). During the past […]

United States Oil (USO) global oversupply and economic worries weigh on sentiment

United States Oil (USO) global oversupply and economic worries weigh on sentiment

United States Oil (USO) global oversupply and economic worries weigh on sentiment Oil prices rebounded on Friday, clawing back some of the ground lost this week, but remained close to their lowest levels in more than a year as rising U.S. inventories and concern over global economic growth kept markets under pressure. Brent crude oil was up $1.20, or […]

United States Oil (USO) worries over a glut in crude supply

United States Oil (USO) worries over a glut in crude supply

United States Oil (USO) worries over a glut in crude supply Oil fell on Thursday after soaring 8 percent in the previous session, as worries over a glut in crude supply and concerns over a faltering global economy pressured prices even as a stock market surge offered support. Brent crude oil futures were down 8 […]

United States Oil (USO) plunge to their lowest levels in over a year

United States Oil (USO) plunge to their lowest levels in over a year

United States Oil (USO) plunge to their lowest levels in over a year Oil prices plunged to their lowest levels in over a year on Thursday, deepening a sell-off fueled by concerns about oversupply as stock markets slumped on rising U.S. interest rates. U.S. West Texas Intermediate crude ended Thursday’s session down $2.29, or 4.8 percent, […]

United States Oil (USO) closed higher amid falling U.S. oil inventories

United States Oil (USO) closed higher amid falling U.S. oil inventories

United States Oil (USO) closed higher amid falling U.S. oil inventories Crude oil prices closed higher amid falling U.S. oil inventories and a Saudi pledge to extend recent production cuts, with the latest Fed rate hike having little impact Wednesday. U.S. Oil Inventories And Production Data The Energy Information Administration’s weekly data report had little […]

US Lawmakers Want Oil & Gas Pipeline Cyber Security

US Lawmakers Want Oil & Gas Pipeline Cyber Security

$USO, $UNG  Congressional lawmakers urged the Department of Homeland Security Wednesday to better protect US Crude Oil and Nat Gas pipelines from cyberattacks, after a report detailed a lack of federal oversight of the critical conduits. A federal report released Wednesday said Homeland Security’s Transportation Security Administration, or TSA, does not have a process to […]

United States Oil (USO) worries about oversupply and a slowing global economy

United States Oil (USO) worries about oversupply and a slowing global economy

United States Oil (USO) worries about oversupply and a slowing global economy U.S. oil prices rose on Wednesday to claw back part of their more than 5 percent losses from the previous session, with worries about oversupply and a slowing global economy keeping markets under pressure. U.S. crude oil had climbed 37 cents, or 0.8 percent, […]

United States Oil (USO) tumbled more than 35 percent since early October

United States Oil (USO) tumbled more than 35 percent since early October

United States Oil (USO) tumbled more than 35 percent since early October U.S. oil prices fell 1 percent on Tuesday after slipping below $50 a barrel in the previous session, with reports of a big climb in U.S. inventories and forecasts of record shale output stoking worries about oversupply. Concerns around future oil demand amid […]

United States Oil (USO) EIA confirms another inventory draw

United States Oil (USO) EIA confirms another inventory draw

United States Oil (USO) EIA confirms another inventory draw The U.S. Energy Department’s inventory release showed that crude stockpiles recorded a second straight weekly draw. The decline – though lower than anticipated – helped to prop up the commodity, which was also supported by reports of Saudi Arabia preparing to cut shipments to refiners in […]

United States Oil (USO) campaign to undermine U.S. fuel economy standards

United States Oil (USO) campaign to undermine U.S. fuel economy standards

United States Oil (USO) campaign to undermine U.S. fuel economy standards The oil industry engaged in a secret public relations campaign to undermine U.S. fuel economy standards, according to a new investigation from the New York Times. One of the main actors was the largest oil refiner in the country, Marathon Petroleum. Marathon, along with others, ran […]

United States Oil (USO) U.S. government data showed domestic crude supplies declined

United States Oil (USO) U.S. government data showed domestic crude supplies declined

United States Oil (USO) U.S. government data showed domestic crude supplies declined Oil prices gave up earlier gains Wednesday to finish a bit lower, after U.S. government data showed domestic crude supplies declined for a second week in a row, but by much less than the market expected. The Energy Information Administration reported early Wednesday […]

United States Oil (USO) United States will conclude 2018 as the world’s largest producer of crude oil

United States Oil (USO) United States will conclude 2018 as the world’s largest producer of crude oil

United States Oil (USO) United States will conclude 2018 as the world’s largest producer of crude oil U.S. crude oil output growth was expected to slow slightly for this year compared with previous forecasts, the Energy Information Administration said on Tuesday, but at a record 10.88 million barrels per day, the nation will end 2018 […]

Gold Up, USD Down, Stocks Rising + Commodities

Gold Up, USD Down, Stocks Rising + Commodities

$GLD,$SLV,$USD,$USO,$OIL,$SOY,$CORN,$WEAT Gold Prices Up USD Down Crude Oil Up Asian Stocks Rising In Asia Gold: Gold prices climbed Wednesday morning in Asia, despite indications that the Fed might lower interest rates in the next 2 years. Gold Futures for February delivery hiked 0.18% to $1,250.55 at 11:37p EST (03:37 GMT) on the COMEX, while the US Dollar (.DXY), tracking the […]

Gold Up, USD Down, Stocks Falling + Commodities

Gold Up, USD Down, Stocks Falling + Commodities

$GLD,$SLV,$USD,$USO,$OIL,$SOY,$CORN,$WEAT Gold Prices Up USD Down Crude Oil Up Asian Stocks Declining In Asia Gold: Gold prices up Tuesday in Asia as the USD fell. Gold futures for February delivery on the COMEX division of the New York Merc traded 0.3% higher at $1,252.70 oz by 1:24 AM EST (05:24 GMT).  The precious Yellow metal marked its biggest weekly gainer since August last week. Technically, the break of $1,250 […]

Gold Up, USD Down, Stocks Falling + Commodities

Gold Up, USD Down, Stocks Falling + Commodities

$GLD,$SLV,$USD,$USO,$OIL,$SOY,$CORN,$WEAT Gold Prices Up USD Down Crude Oil Mixed Asian Stocks Declining In Asia Gold: Gold prices are up Monday in Asia on a softer USD, gold for February delivery on the COMEX division of the New York Merc traded 0.2% higher at $1,254.75 oz by 1:24a EST (05:24 GMT).  Gold prices were near at their highest level since July on Friday and notched up […]

Gold Up, USD Down, Stocks Recovering + Commodities

Gold Up, USD Down, Stocks Recovering + Commodities

Gold Up, USD Down, Stocks Recovering + Commodities $GLD,$SLV,$USD,$USO,$OIL,$SOY,$CORN,$WEAT Gold Prices Up USD Down Crude Oil Fell Asian Stocks Recovering Notes: Markets await US NFPs data, expected at 0830 EST (1330 GMT), for clues about the health of the world’s biggest economy which could influence FOMC monetary policy. NFPs for November are expected to fall by 200,000 jobs. US unemployment and […]

Markets Flash ‘Slowdown’, Fed Turns ‘Dovish’

Markets Flash ‘Slowdown’, Fed Turns ‘Dovish’

Markets Flash ‘Slowdown’, Fed Turns ‘Dovish’ $JPM, $USO The Fed is likely to deliver some response to the wave of risk aversion hitting global markets, according to JPMorgan Asset Management’s fixed-income Chief. Policy makers can hardly ignore inversions showing up on the yield curve while a violent sell-off rocks US stocks on trade tensions, European […]

Gold Up, USD Down, Stocks Down + Commodities

Gold Up, USD Down, Stocks Down + Commodities

Gold Up, USD Down, Stocks Down + Commodities $GLD,$SLV,$USD,$USO,$OIL,$SOY,$CORN,$WEAT Gold Prices Up USD Down Crude Oil Fell Asian Stocks Down In Asia Gold: Gold is higher Thursday as growing risk aversion weighed on USD Spot gold up 0.2% at $1,239.86 oz as of 0429 GMT US gold futures up 0.2% at $1,244.9 oz. Note: Technicals; Spot gold may test resistance at $1,245 oz Markets are […]

China Confident it Can Make President Trump’s Trade Deal

China Confident it Can Make President Trump’s Trade Deal

China Confident it Can Make President Trump’s Trade Deal $USO, $SOY, $UNG Wednesday, China expressed confidence that it can reach a trade deal with the United States. The remarks by the Chinese Commerce Ministry from Beijing followed Presidents Trump and Xi declaring a truce in the trade dispute at a meeting in Argentina Saturday evening. […]

United States Oil (USO) pressured by a weekly report from the American Petroleum Institute

United States Oil (USO) pressured by a weekly report from the American Petroleum Institute

United States Oil (USO) pressured by a weekly report from the American Petroleum Institute  Oil prices were pressured by a weekly report from the American Petroleum Institute (API) that said U.S. crude inventories rose by 5.4 million barrels in the week to Nov. 30, to 448 million barrels, in a sign that U.S. oil markets […]

Gold Dipped, USD Up, Stocks Down + Commodities

Gold Dipped, USD Up, Stocks Down + Commodities

Gold Dipped, USD Up, Stocks Down + Commodities $GLD,$SLV,$USD,$USO,$OIL,$SOY,$CORN,$WEAT Gold Prices Dipped USD Up Crude Oil Fell Asian Stocks Down In Asia Gold: Gold prices dipped Wednesday, retreating from a more than 5-week high marked in Tuesday’s session. Spot gold was off 0.3% at $1,234.71 oz, as of 0422 GMT US gold futures were down 0.5% at $1,240.2 oz. Gold is mainly […]

Gold Up, USD Falls, Stocks Down + Commodities

Gold Up, USD Falls, Stocks Down + Commodities

Gold Up, USD Falls, Stocks Down + Commodities $GLD,$SLV,$USD,$USO,$OIL,$SOY,$CORN,$WEAT Gold Prices Up USD Falls Crude Oil Up Asian Stocks Down Gold: Gold prices gained Tuesday, after hitting a more than 1-month high earlier in the session, as USD slipped after the US and China agreed to a temporary truce in their trade conflict spurring global stock markets North US gold futures (GCcv1) […]

United States Oil (USO) announcement of a 90-day pause on additional trade tariffs between China and the U.S.

United States Oil (USO) announcement of a 90-day pause on additional trade tariffs between China and the U.S.

United States Oil (USO) announcement of a 90-day pause on additional trade tariffs between China and the U.S. Oil prices surged on Monday after the United States and China agreed to a 90-day truce in their trade war, and ahead of a meeting this week by producer club OPEC that is expected to result in […]

Gold Up, USD Falls, Stocks Rise + Commodities

Gold Up, USD Falls, Stocks Rise + Commodities

Gold Up, USD Falls, Stocks Rise + Commodities $GLD,$SLV,$USD,$USO,$OIL,$SOY,$CORN,$WEAT Gold Prices Up USD Falls Crude Oil Up Asian Stocks Up Notes: China and the United States agreed during a weekend meeting in Argentina of the G-20 not to impose additional trade tariffs for at least 90 days while the pair hold talks to resolve existing dispute between the […]

US September Crude Oil Production Hits 4th Month Running at Record Highs

US September Crude Oil Production Hits 4th Month Running at Record Highs

US September Crude Oil Production Hits 4th Month Running at Record Highs $DIA, $SPY, $QQQ, $RUTX, $USO, $VXX US Crude Oil production hit a new all-time high of 11.5-M BPD in September, according to the data announced Friday, the latest indicator of a wave of onshore US production that has weighed on global markets. US […]

7.0 Earthquake Strikes Southern Alaska, Pipeline Shutdown

7.0 Earthquake Strikes Southern Alaska, Pipeline Shutdown

7.0 Earthquake Strikes Southern Alaska, Pipeline Shut Down $USO, $OIL, $COP, $MCP A magnitude 7.0 eEarthquake struck Alaska early Friday, shutting the state’s most important Crude Oil pipeline and potentially threatening Crude Oil exports. The temblor struck 13 kilometers north of Anchorage. The Alaska pipeline that carries Crude Oil from the Arctic coast to the […]

United States Oil (USO) record levels for three consecutive weeks

United States Oil (USO) record levels for three consecutive weeks

United States Oil (USO) record levels for three consecutive weeks The U.S. Energy Information Administration (EIA) estimated on Wednesday that U.S. crude oil production last week was 11.7 million barrels per day, remaining the record levels for three consecutive weeks. U.S. crude oil output for the week one year ago was 9.7 million barrels per […]

Gold Gains, USD Sags, Stocks Rise + Commodities

Gold Gains, USD Sags, Stocks Rise + Commodities

Gold Gains, USD Sags, Stocks Rise + Commodities $GLD,$SLV,$USD,$USO,$OIL,$SOY,$CORN,$WEAT Gold Prices Gains US Dollar Sags Crude Oil Up Asian Stocks Up In Asia Investors in commodity markets are looking ahead to the meeting of leaders of the G-20 nations, the world’s biggest economies, on 30 November – 1 December with the US-China, US-EU trade disputes at the Top of […]

United States Oil (USO) edges lower ahead of G-20

United States Oil (USO) edges lower ahead of G-20

United States Oil (USO) edges lower ahead of G-20 Oil prices dipped on Tuesday, weighed down by uncertainty over the US-China trade war and signs of increased global crude production, but losses were limited by expectations that crude exporters would agree to cut output at an upcoming Opec meeting. Brent crude futures fell 27 cents […]

Gold Lower, USD Steady, Stocks Subdued + Commodities

Gold Lower, USD Steady, Stocks Subdued + Commodities

Gold Lower, USD Steady, Stocks Subdued + Commodities $GLD,$SLV,$USD,$USO,$OIL,$SOY,$CORN,$WEAT Gold Prices Lower US Dollar Steady Crude Oil Up Asian Stocks Subdued In Asia Gold: Gold prices were flat Wednesday pressured by a robust USD after 1 senior Fed official reaffirmed the need for a further increase in interest rates while another made a case for no more interest rate hikes […]

United States Oil (USO) weighed down by an emerging supply overhang

United States Oil (USO) weighed down by an emerging supply overhang

United States Oil (USO) weighed down by an emerging supply overhang International Brent crude oil futures LCOc1 briefly dipped below $60 per barrel before rising back to $60.33 at 0746 GMT, down 15 cents, or 0.3 percent, from their last close. U.S. West Texas Intermediate (WTI) crude futures CLc1 were at $51.24 per barrel, down […]

Gold Lower, USD Steady, Stocks Up + Commodities

Gold Lower, USD Steady, Stocks Up + Commodities

Gold Lower, USD Steady, Stocks Up + Commodities $GLD,$SLV,$USD,$USO,$OIL,$SOY,$CORN,$WEAT Gold Prices Lower US Dollar Steady Crude Oil Flat Asian Stocks Up In Asia Gold: Gold prices are Tuesday as USD steadied on fears of a slowdown in global economic growth and come caution about the resolution US-China trade dispute ahead of the G-20 meeting in Argentina. Spot gold was down 0.1% […]

Gold Flat, USD Higher, Stocks Down + Commodities

Gold Flat, USD Higher, Stocks Down + Commodities

Gold Flat, USD Higher, Stocks Down + Commodities $GLD,$SLV,$USD,$USO,$OIL,$SOY,$CORN,$WEAT Gold Prices Flat US Dollar Higher Crude Oil Flat Asian Stocks Down In Asia Gold: Gold prices are flat to little changed Monday with investors looking to a G-20 Summit this week for signs of a coming resolution in the US – China trade dispute.  Spot gold was little changed at […]

President Trump Thanks Saudis for Keeping Crude Oil Prices Low

President Trump Thanks Saudis for Keeping Crude Oil Prices Low

President Trump Thanks Saudis for Keeping Crude Oil Prices Low $OIL, $USO, $UNG, $UGA US President Donald Trump sent out a Tweet thanking Saudi Arabia for lower worldwide Crude Oil prices Wednesday after receiving widespread criticism for his declaration that Saudi Crown Prince Mohammed bin Salman aka MbS would not be punished even if he did order […]

Equities Finished Lower on Weaker Energy and FAANGs

Equities Finished Lower on Weaker Energy and FAANGs

Equities Finished Lower on Weaker Energy and FAANGs $DIA, $SPY, $QQQ, $RUTX, $USO, $VXX The S&P 500 fell 3.8% on this Holiday-shortened trading week, erasing its gain for the year. The DJIA lost 4.4%, the NAS Comp lost 4.3%, and the Russell 2000 lost 2.6%. The S&P 500 lost 0.7% Friday on low-volume. Friday’s session […]

Gold Up, USD Off, Stocks Mixed + Commodities

Gold Up, USD Off, Stocks Mixed + Commodities

Gold Up, USD Off, Stocks Mixed + Commodities $GLD,$SLV,$USD,$USO,$OIL,$SOY,$CORN,$WEAT Gold Prices Up US Dollar Off Crude Oil Off Asian Stocks Mixed In Asia Gold: Gold prices held recent gains in early Asian trade Friday on lingering doubts over the pace of rate hikes by the US Federal Reserve, putting the precious Yellow metal on track for a 2nd straight weekly […]

Falling Crude Oil Prices Great for US Consumers and Emerging Markets

Falling Crude Oil Prices Great for US Consumers and Emerging Markets

Falling Crude Oil Prices Great for US Consumers and Emerging Markets $USO, $OIL, $UGA, $USD US Holiday shoppers should enjoy more spending power thanks to the recent dive in Crude Oil prices. While this fall in Crude Oil prices does not yet match the Ys 2014-2016 fall to $26 bbl, the current decline should soon […]

President Trump, “Oil prices getting lower. Great!”

President Trump, “Oil prices getting lower. Great!”

President Trump, “Oil prices getting lower. Great!” $USO, $OIL Wednesday, President Donald Trump Tweeted thanking Saudi Arabia for lower worldwide Crude Oil prices. “Oil prices getting lower. Great!” President Trump wrote. “Like a big Tax Cut for America and the World. Enjoy! $54, was just $82. Thank you to Saudi Arabia, but let’s go lower!” The Tweet […]

United States Oil (USO) ongoing concerns about a potential glut in global supplies

United States Oil (USO) ongoing concerns about a potential glut in global supplies

United States Oil (USO) ongoing concerns about a potential glut in global supplies U.S. oil futures dropped Tuesday, with ongoing concerns about a potential glut in global supplies pushing prices to their lowest finish since October of last year. Sharp declines in U.S. benchmark stock indexes contributed to expectations of a weaker economy and a […]

Gold Off a Bit, USD Gains, Stocks Off + Commodities

Gold Off a Bit, USD Gains, Stocks Off + Commodities

Gold Off a Bit, USD Gains, Stocks Off + Commodities $GLD,$SLV,$USD,$USO,$OIL,$SOY,$CORN,$WEAT Gold Prices Off a Bit US Dollar Gains Crude Oil Up Asian Stocks Down In Asia Gold: Gold prices dropped a bit Wednesday, as USD got a boost from safe-haven demand on heightened risk aversion. Spot gold dipped 0.1% to $1,219.96 oz at 0122 GMT US gold futures were down 0.1% at […]

United States Oil (USO) prices should be much lower based on supply

United States Oil (USO) prices should be much lower based on supply

United States Oil (USO) prices should be much lower based on supply Oil prices dropped again after the fifth-week loss. The price of West Texas Intermediate (WTI) for December delivery and Brent crude for January delivery lost 6.2 per cent and 4.9 per cent, respectively, during the week ending November 16. In the previous week […]

Gold Steady, USD Down, Stocks Off + Commodities

Gold Steady, USD Down, Stocks Off + Commodities

Gold Steady, USD Down, Stocks Off + Commodities $GLD,$SLV,$USD,$USO,$OIL,$SOY,$CORN,$WEAT Gold Prices Steady US Dollar Softens Crude Oil Down Asian Stocks Mixed In Asia Gold: Gold prices held steady early Tuesday as USD was pressured by weak US economic data and cautious comments about the global economy from Fed officials. Spot gold –0.1%  to $1,222.71 oz at 0117 GMT. US gold futures were […]

United States Oil (USO) traders expected top exporter Saudi Arabia to push producer club OPEC to cut supply

United States Oil (USO) traders expected top exporter Saudi Arabia to push producer club OPEC to cut supply

United States Oil (USO) traders expected top exporter Saudi Arabia to push producer club OPEC to cut supply Oil prices rose on Monday as traders expected top exporter Saudi Arabia to push producer club OPEC to cut supply towards the end of the year. Despite that, market sentiment remains weak on signs of a demand […]

Gold Higher, USD Down, Stocks Mixed + Commodities

Gold Higher, USD Down, Stocks Mixed + Commodities

Gold Higher, USD Down, Stocks Mixed+ Commodities $GLD,$SLV,$USD,$USO,$OIL,$SOY,$CORN,$WEAT Gold Prices Steady US Dollar Subdued Crude Oil Up Asian Stocks Mixed In Asia Gold: Gold prices were steady Monday, with the USD subdued after comments from Fed officials showing caution over the global economy, prompting traders to reassess the pace of future US interest rate hikes. Spot gold flat to […]

US Industrial Production Moving Higher

US Industrial Production Moving Higher

US Industrial Production Moving Higher $USO, $UGA, $USD US industry expanded in October, with manufacturing growth offsetting declines in mining and utility production. Industrial production ticked up 0.1%, the 5th straight monthly gainer, following a 0.2% advance in September and a 0.8% advance in August, the Fed reported Friday. The Fed said that recent hurricanes lowered […]

United States Oil (USO) domestic supplies rise an 8th week

United States Oil (USO) domestic supplies rise an 8th week

United States Oil (USO) domestic supplies rise an 8th week U.S. oil prices climbed Thursday, but finished below the session’s best level as data from the U.S. government showed that domestic-crude supplies rose more than expected and for an eighth week in a row as output reached a record. Tariq Zahir, managing member at Tyche […]

Gold Higher, USD Down, Stocks Up + Commodities

Gold Higher, USD Down, Stocks Up + Commodities $GLD,$SLV,$USD,$USO,$OIL,$SOY,$CORN,$WEAT Gold Prices Higher US Dollar Down Crude Oil Rise a Bit Friday Asian Stocks Up sans Japan In Asia Gold: Gold prices rose Friday, having hit a 1-week high earlier in the session, as investors sought safe-haven assets on fears of a chaotic departure for Britain from the EU aka BREXIT. […]

Banks Will Feel Pain Once Crude Oil Price Fall Below $50 bbl

Banks Will Feel Pain Once Crude Oil Price Fall Below $50 bbl

Banks Will Feel Pain Once Crude Oil Price Fall Below $50 bbl $DIA, $SPY, $QQQ, $RUTX, $USO, $VXX The S&P 500 gained 1.1% Thursday to snap a 5-session losing streak. US-China trade optimism and strength from tech stocks, Banks can handle the energy-linked loans they have  extended just as long as Crude Oil prices don’t drop […]

United States Oil (USO) pressured by rising supply going into a market

United States Oil (USO) pressured by rising supply going into a market

United States Oil (USO) pressured by rising supply going into a market Oil prices fell on Thursday, pressured by rising supply going into a market in which consumption is expected to slow down amid a glum economic outlook. Front-month Brent crude oil futures were trading at $65.90 per barrel at 0254 GMT, down 22 cents, […]

Gold Steady, USD Down, Stocks Up + Commodities

Gold Steady, USD Down, Stocks Up + Commodities $GLD,$SLV,$USD,$USO,$OIL,$SOY,$CORN,$WEAT Gold Prices Steady US Dollar Down Crude Oil deep in Bear Market Territory Asian Stocks Up sans Japan In Asia Gold: Gold prices held steady Thursday, after rising nearly 1% in the prion session, as USD slipped further from a 16-month peak hit earlier in the week. Spot gold was little […]

United States Oil (USO) officially entering a bear market

United States Oil (USO) officially entering a bear market

United States Oil (USO) officially entering a bear market Oil prices sank on Tuesday, with U.S. benchmark crude settling at its lowest year-to-date, stretching its record streak of losses to a 12th session, and global benchmark crude officially entering a bear market. Natural-gas futures, meanwhile, jumped by more than 8%, to settle at their highest […]

Gold Up, USD Down, Stocks Off + Commodities

Gold Up, USD Down, Stocks Off + Commodities $GLD,$SLV,$USD,$USO,$OIL,$SOY,$CORN,$WEAT Gold Prices Up US Dollar Down Crude Oil deeper in Bear Market Territory Asian Stocks Down In Asia Gold: Gold prices are us Wednesday as the USD retreated from a 16-month high touched earlier in the week, easing amid a surge in EUR and GBP on a draft BREXIT agreement. Spot […]

United States Oil (USO) potential reduction in crude output

United States Oil (USO) potential reduction in crude output

United States Oil (USO) potential reduction in crude output  U.S. oil futures turned lower in Monday dealings, reversing course after discussions among major oil producers over a potential reduction in crude output had pulled prices higher. A lower settlement for the U.S. benchmark would mark its eleventh in a row and longest streak of session […]

Gold Up, USD Up, Stocks Off + Commodities

Gold Up, USD Up, Stocks Off + Commodities $GLD,$SLV,$USD,$USO,$OIL,$SOY,$CORN,$WEAT Gold Prices Firming US Dollar Up Crude Oil in Bear Market Territory Asian Stocks Lower In Asia Gold prices edged higher Tuesday as investors resorted to bargain-hunting after the precious Yellow metal fell to over 1-month lows, weighed by a stronger USD that has capped the market. Spot gold was […]

Gold Down, USD Up, Stocks Off + Commodities

Gold Down, USD Up, Stocks Off + Commodities $GLD,$SLV,$USD,$USO,$OIL,$SOY,$CORN,$WEAT Gold Prices Down US Dollar Up Crude Oil in Bear Market Territory Asian Stocks Lower In Asia Gold prices steadied Monday after touching a 1-month low in Friday’s session, but the precious Yellow metal remains under pressure from a firmer USD and expectations the Fed is on track to tighten […]

United States Oil (USO) signs of deteriorating demand and rising output

United States Oil (USO) signs of deteriorating demand and rising output

United States Oil (USO) signs of deteriorating demand and rising output U.S. oil prices dropped for a ninth consecutive session on Thursday, falling into a bear market, on further signs of growing supply even as data showed record Chinese oil imports. Crude prices have plunged over the last five weeks, buffeted by October’s broader market […]

Gold Down, USD Up, Stocks Off + Commodities

Gold Down, USD Up, Stocks Off + Commodities $GLD,$SLV,$USD,$USO,$OIL,$SOY,$CORN,$WEAT Gold Prices Down US Dollar Up Crude Oil in Bear Market Territory Asian Stocks Higher Focus on FOMC Minutes later Thursday In Asia Gold: Gold prices fell to their lowest mark in a week Friday, and were set for their biggest weekly decliner since August, on a firmer USD as the […]

US Stocks Finished Virtually Flat After Post-Election Spike

US Stocks Finished Virtually Flat After Post-Election Spike

US Stocks Finished Virtually Flat After Post-Election Spike $DIA, $SPY, $QQQ, $RUTX, $USO, $VXX Stocks in the US drifted Thursday after the big rally Wednesday. The S&P 500 slipped 0.3% Thursday in the wake of the FOMC decision to leave the fed funds rate unchanged as expected. The benchmark index traded slightly below its flat line […]

Gold Down, USD Up, Stocks Up + Commodities

Gold Down, USD Up, Stocks Up + Commodities $GLD,$SLV,$USD,$USO,$OIL,$SOY,$CORN,$WEAT Gold Prices Down US Dollar Up Crude Oil Higher  Asian Stocks Higher Focus on FOMC Minutes later Thursday In Asia Gold prices inched lower Thursday on the back of a stronger USD, as investors digested the US Congressional midterm election results and turned their focus to the Fed’s monetary policy […]

United States Oil (USO) expectations for weaker-than-anticipated global economic growth

United States Oil (USO) expectations for weaker-than-anticipated global economic growth

United States Oil (USO) expectations for weaker-than-anticipated global economic growth Oil prices fell on Tuesday, briefly entering a bear market, after the United States took measures to allow some of Iran’s biggest customers to continue importing its oil without violating U.S. sanctions against the Islamic Republic. The sanctions waivers have further eased concerns that the […]

Gold Up, USD Down, Stocks Up + Commodities

Gold Up, USD Down, Stocks Up + Commodities $GLD,$SLV,$USD,$USO,$OIL,$SOY,$CORN,$WEAT Gold Prices Up US Dollar Down Crude Oil Lower  Asian Stocks Higher US Midterm Congressional Elections come is as Expected. In Asia Gold: Gold prices rose Wednesday on a weaker USD, as the outcome of US Congressional midterm election came in as expected, Republican hold Senate, and Dems take control […]

United States Oil (USO) reinstated US sanctions on Iran coming into force

United States Oil (USO) reinstated US sanctions on Iran coming into force

United States Oil (USO) reinstated US sanctions on Iran coming into force Oil prices dropped on Monday despite the reinstated US sanctions on Iran coming into force. Donald Trump pulled the US out of the Iran nuclear deal earlier this year, and market experts had predicted that the renewed sanctions would drive oil prices up […]

Gold Steady, USD Down, Stocks Up + Commodities

Gold Steady, USD Down, Stocks Up + Commodities $GLD,$SLV,$USD,$USO,$OIL,$SOY,$CORN,$WEAT Gold Prices Steady US Dollar Down Crude Oil Lower  Asian Stocks Higher Traders eye US Midterm Congressional Elections In Asia Gold prices were steady early Tuesday ahead of US Congressional  midterm elections that may fuel interest in the precious Yellow metal as a hedge against risk if the result sparks […]

United States Oil (USO) U.S. sanctions against Iran’s fuel exports softened

United States Oil (USO) U.S. sanctions against Iran’s fuel exports softened

United States Oil (USO) U.S. sanctions against Iran’s fuel exports softened Oil prices fell on Monday as the start to U.S. sanctions against Iran’s fuel exports was softened by waivers that will allow some countries to still import Iranian crude, at least temporarily. Front-month Brent crude futures were at $72.39 per barrel at 0142 GMT […]

Gold Steady, USD Down, Stocks Down + Commodities

Gold Steady, USD Down, Stocks Down + Commodities $GLD,$SLV,$USD,$USO,$OIL,$SOY,$CORN,$WEAT Gold Prices Steady US Dollar Down Crude Oil Dipped  Asian Stocks Lower Traders eye US Midterm Congressional Elections Traders eye US Earnings Data In Asia Gold prices held steady Monday as investors were cautious ahead of the US Congressional electionsTuesday which will determine whether the Republican or Democratic Party controls […]

United States Oil (USO) concerns over the potential for tighter crude supplies

United States Oil (USO) concerns over the potential for tighter crude supplies

United States Oil (USO) concerns over the potential for tighter crude supplies U.S. oil futures dropped below $64 a barrel on Thursday to mark the lowest settlement since early April. Further signs of growing global production continue to ease concerns over the potential for tighter crude supplies, with the official start of U.S. sanctions on […]

Gold Steady, USD Up, Stocks Higher + Commodities

Gold Steady, USD Up, Stocks Higher + Commodities $GLD,$SLV,$USD,$USO,$OIL,$SOY,$CORN,$WEAT Gold Prices Steady US Dollar Up Crude Oils Down Asian Stocks Higher Traders eye US NFPs Data Traders eye US Earnings Data In Asia Gold prices were steady in early Asian trade Friday, after rising about 1.5% in the prior session, while the USD inched up ahead of the US NFP […]

United States Oil (USO) should expect significant outperformance

United States Oil (USO) should expect significant outperformance

United States Oil (USO) should expect significant outperformance On the morning of publication of the EIA-914 and EIA PSM reports today (October 31), providing US monthly oil production data for August 2018, Rystad Energy analysis indicates that the market should expect significant outperformance of US oil production compared to the EIA’s predictions. The EIA’s current […]

Gold Higher, USD Lower, Stocks Higher  + Commodities

Gold Higher, USD Lower, Stocks Higher  + Commodities $GLD,$SLV,$USD,$USO,$OIL,$SOY,$CORN,$WEAT Gold Prices Higher US Dollar Eases Crude Oils Down Asian Stocks Higher Traders eye US Economic Data Traders eye US Earnings Data In Asia Gold prices inched higher in early Asian trade Thursday, recovering from a 3-week low marked in the Wednesday’s session as the USD eased. Spot gold was up 0.2% […]

United States Oil (USO) markets brace for the imposition of U.S. sanctions on Iran

United States Oil (USO) markets brace for the imposition of U.S. sanctions on Iran

United States Oil (USO) markets brace for the imposition of U.S. sanctions on Iran Oil prices rose more than 1 percent on Wednesday as markets braced for the imposition of U.S. sanctions on Iran next week and as stock markets clawed back some of their recent losses. Benchmark Brent crude oil LCOc1 was up 80 […]

Gold Lower, USD Higher, Stocks Higher  + Commodities

Gold Lower, USD Higher, Stocks Higher  + Commodities $GLD,$SLV,$USD,$USO,$OIL,$SOY,$CORN,$WEAT Gold Coming Off of 3 Month Highs US Dollar (.DXY) Index Higher Crude Oils Prices Up Asian Stocks Higher Traders eye US Economic Data Traders eye US Earnings Data In Asia Gold prices fell to a more than 2-week low Wednesday as Asian stocks gained and the USD touched multi-month highs on […]

United States Oil (USO) Fund managers cut bullish crude holdings to 15-month low

United States Oil (USO) Fund managers cut bullish crude holdings to 15-month low

United States Oil (USO) Fund managers cut bullish crude holdings to 15-month low Oil prices fell on Monday as as Russia signaled its output will remain high and concern over the global economy put crude on track for its biggest monthly fall since mid-2016. Losses were limited ahead of U.S. sanctions on Iranian exports that […]

Gold Lower, USD Higher, Stocks Lower  + Commodities

Gold Lower, USD Higher, Stocks Lower  + Commodities $GLD,$SLV,$USD,$USO,$OIL,$SOY,$CORN,$WEAT Gold Coming Off of 3 Month Highs US Dollar (.DXY) Index Firms Crude Oils Mixed Asian Stocks Pressured Traders eye US Economic Data Traders eye US Earnings Data In Asia Gold prices edged down Tuesday as the USD gained on worries over slowing economic growth and fears the US- China trade […]

United States Oil (USO) markets remain tense ahead of impending U.S. sanctions against Iran’s crude exports

United States Oil (USO) markets remain tense ahead of impending U.S. sanctions against Iran’s crude exports

United States Oil (USO) markets remain tense ahead of impending U.S. sanctions against Iran’s crude exports Oil prices dipped on Monday amid cautious sentiment as a plunge in financial markets last week and dollar strength early this week underscored concerns that growth may be slowing, especially in Asia’s emerging economies. Front-month Brent crude oil futures […]

Gold Lower, USD Higher, Stocks Higher  + Commodities

Gold Lower, USD Higher, Stocks Higher  + Commodities $GLD,$SLV,$USD,$USO,$OIL,$SOY,$CORN,$WEAT Gold Coming Off of 3 Month Highs US Dollar (.DXY) Index Firms Crude Oil Softens Asian Stocks Edging Up Traders eye US Economic Data Traders eye US Earnings Data In Asia Gold prices inched down early on Monday to drift away from a more than 3-month highs marked last Friday’s session, […]

United States Oil (USO) investors warming to the idea of longer-term investment

United States Oil (USO) investors warming to the idea of longer-term investment

United States Oil (USO) investors warming to the idea of longer-term investment Higher and more stable oil prices, corporate restructurings, and investors warming to the idea of longer-term investment sent the U.S. oil and gas deals value to a near-record US$122.8 billion in the third quarter of 2018, the highest deal value since a record […]

Gold Higher, USD Higher, Stocks Lower  + Commodities

Gold Higher, USD Higher, Stocks Lower  + Commodities $GLD,$SLV,$USD,$USO,$OIL,$SOY,$CORN,$WEAT Gold Strengthens US Dollar (.DXY) Index Strengthens Crude Oil Softens US and Global Stocks Strengthen Traders eye US Q-3 GDP data Friday In Asia Gold Gold prices held steady Friday but remained on track to rise for the 4th week running, the longest string of weekly gainers since January on […]

United States Oil (USO) markets remain cautious ahead of U.S. sanctions on Iran’s crude exports

United States Oil (USO) markets remain cautious ahead of U.S. sanctions on Iran’s crude exports

United States Oil (USO) markets remain cautious ahead of U.S. sanctions on Iran’s crude exports Oil prices fell by around one percent on Thursday, coming under pressure from sharp selloffs in global stock markets, with U.S. stocks posting the biggest daily decline since 2011 to wipe out the year’s gains. Front-month Brent crude oil futures […]

Gold Higher, USD Lower, Stocks Lower  + Commodities

Gold Higher, USD Lower, Stocks Lower  + Commodities $GLD,$SLV,$USD,$USO,$OIL,$SOY,$CORN,$WEAT Gold strengthens on risk-off trade US Dollar (.DXY) Index Eases Crude Oil futures down US and Global market’s stocks lower In Asia Gold: Gold prices firmed early, hanging near a more than 3-month high reached earlier this week, as the USD eased and Asian stocks slumped after Wall Street surrendered all its […]

United States Oil (USO) Iran sanctions return to focus

United States Oil (USO) Iran sanctions return to focus

United States Oil (USO) Iran sanctions return to focus Oil prices on Wednesday clawed back some of their hefty losses from the day before as the looming U.S. sanctions against Iran came back into focus. Front-month Brent crude oil futures were at $76.76 a barrel at 0452 GMT, 32 cents, or 0.4 percent, above their […]

Gold Higher, USD Lower, Stocks Mixed to Lower  + Commodities

Gold Higher, USD Lower, Stocks Mixed to Lower  + Commodities $GLD,$SLV,$USD,$USO,$OIL,$SOY,$CORN,$WEAT Gold strengthens on risk-off trade US Dollar (.DXY) Index Falls Crude Oil futures down on Saudi pledge US stocks lower In Asia Gold prices Wednesday in global markets is up after hitting their highest in over 3 months in Tuesday’s US session, with international political and economic uncertainty underpinning safe-haven […]

United States Oil (USO) Russia warned not to even consider helping Iran

United States Oil (USO) Russia warned not to even consider helping Iran

United States Oil (USO) Russia warned not to even consider helping Iran The United States warned Russia to not even consider helping Iran to evade the U.S. sanctions on Tehran’s oil, a senior U.S. Administration official told the Financial Times. “Iran might be pushing the idea of Russia selling their oil on the world market to […]

Gold Higher, USD Higher, Stocks Mixed to Lower  + Commodities

Gold Higher, USD Higher, Stocks Mixed to Lower  + Commodities $GLD, $SLV, $USD, $USO, $OIL, $SOY, $CORN, $WEAT Gold strengthens on risk-off trade US Dollar (.DXY) Index up Crude Oil futures down on Saudi pledge US stocks mixed, Asia stocks off In Asia Gold prices are up early Tuesday as Asian stocks faltered, weighed down by political uncertainties around BREXIT and […]

United States Oil (USO) Sets New Record For Oil Production

United States Oil (USO) Sets New Record For Oil Production

United States Oil (USO) Sets New Record For Oil Production The American Petroleum Institute’s latest monthly statistical report shows the U.S. produced a record 11.0 million barrels of crude oil per day (mb/d) in September. U.S. liquid fuels production grew 2.2 mb/d year-over-year (y/y), and the U.S. met virtually all global oil demand growth. As […]

Gold Higher, USD Higher, Stocks Flat  + Commodities

Gold Higher, USD Higher, Stocks Flat  + Commodities $GLD, $SLV, $USD, $USO, $OIL, $SOY, $CORN, $WEAT Gold strengthens on risk-off trade US Dollar (.DXY) Index up Crude Oil futures up on supply/demand issues Stocks Flat to Unchanged In Asia Gold prices settled higher Monday morning in Asia, along with an advance in the USD. The increase in gold prices, a safe-haven […]

United States Oil (USO) Cartel issues internal warning as oil prices slide

United States Oil (USO) Cartel issues internal warning as oil prices slide

United States Oil (USO) Cartel issues internal warning as oil prices slide Rising crude oil inventories and increased output in the U.S. could push oil prices down in the coming weeks, an internal OPEC report said Thursday. A coming “seasonal scale back in refinery demand…could result in oil stock builds,” said an internal market report, […]

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