Don’t Buy the Hype about Higher Oil Prices

From Mike Burnick: Crude oil futures surged nearly 2% higher last week, trading above $53 a barrel for the first time in over a month. And suddenly, everybody and his brother is bullish on black gold again.
NYSE:UCO April 19, 2017 7:56am

Bullish Oil Funds Hammered As Crude Suffers Another Big Loss

Image of an oil derrick with blue sky
From Tyler Durden: After a sizable build in crude and draw in gasoline overnight from API, WTI and RBOB are lower (legged down on Libya production news).
NYSE:UCO March 22, 2017 11:13am

Oil Prices Tumble Again, As Saudi Production Ramps Up

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From Tyler Durden: Just as WTI was trying to record its first increase in 6 days, the latest, March, OPEC monthly report was released which revealed something surprising: while secondary sources claimed that Saudi Arabia production declined by 68kbpd to 9.797mmbpd, according to Saudi's own numbers, the kingdom ramped up production in February by a whopping 263kpb, back over 10 million barrels per day.
NYSE:UCO March 14, 2017 9:32am

Dennis Gartman Just Put Out A Big Bullish Call On Oil

oil drum
From Tyler Durden: While Goldman has been aggressively warning about the upside risks to the market in days most recently over the weekend, so far none other than Dennis Gartman has been proven right with his recent call for a "melt up."
NYSE:UCO February 21, 2017 9:30am

Expect Oil Prices To Spike To $60 In Q1, But Then Crash Again

oil drum
From Rakesh Upadhyay: An eventful year for oil is coming to an end. During the year, crude oil sank to depths unseen since 2003, but recovered nicely to above $52 per barrel by December. We saw OPEC hammer out a deal to cut production, another first in eight years, and non-OPEC nations like Russia also pitched in with their contribution to a production cut.
NYSE:UCO December 27, 2016 12:25pm

Here’s Why Oil Is Up Big Today

Image of an oil derrick with blue sky
From Amid a better-than-expected U.S. GDP print and a slightly softer dollar, oil prices are on the rise today. Gasoline, however, is on the move lower - and something we hone in on for today's blog.
NYSE:UCO December 22, 2016 12:38pm

Here’s How To Play Oil’s Rebound Using ETFs

Image of an oil derrick with blue sky
From Brad Hoppmann: Oil is a popular topic these days. And for good reason.
NYSE:UCO December 7, 2016 7:32am

Leveraged Oil Plays Explode Higher As OPEC Deal Appears Imminent

oil gas 600X300
Leveraged bull oil ETFs surged in early trading Wednesday as headlines around the world indicated that OPEC oil ministers are unanimously in favor of a production cut.
NYSE:UCO November 30, 2016 6:55am

OPEC Now Says A Production Cut Won’t Be Necessary

Image of an oil derrick with blue sky
From OPEC does not actually need to cut production to rebalance the markets, according to Saudi Oil Minister Khalid al-Falih.
NYSE:UCO November 28, 2016 11:59am

OPEC Cut In Question As October Production Surges

Oil prices were plunging once again on Friday morning, as news of much higher OPEC oil production in October cast doubts over the prospects of a coordinated production cut this month.
NYSE:UCO November 11, 2016 10:12am

Was This The Most Bearish Oil Report Of All Time?

oiltankerFrom Oil prices plunged yesterday following data showing a massive buildup of crude oil inventories in the U.S., pushing WTI down to $45 per barrel, the lowest level since September.
NYSE:UCO November 3, 2016 7:31am

Goldman Sachs: Oil Going to $40 If OPEC Deal Fails

oil-derrickFrom OPEC’s increasingly probable failure to reach a production freeze deal will see international oil prices plummet back to US$40 a barrel, according to Goldman Sachs analysts.
NYSE:UCO November 2, 2016 7:36am

Leveraged Oil ETFs Surge on Surprise Crude Draw in Latest EIA Report

Oil derricksWith oil staging a massive intraday reversal following a surprise draw in U.S. crude oil supplies, investors are jumping back into leveraged bullish oil ETFs today.
NYSE:UCO October 26, 2016 11:26am

Leveraged Bull Oil ETFs Slammed as Iran Says “No” to OPEC Production Cap

Oil drumFrom Tsvetana Paraskova: In the latest turn of events regarding OPEC’s plan to cut production, Iraq said on Sunday that it should be exempted from output cuts because of the war it has been waging against Islamic State.
NYSE:UCO October 24, 2016 1:32pm

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