Goldman Sachs Maintains $50 Oil Price Forecast

Image of oil drums
From Irina Slav: Goldman Sachs is standing by its own base oil price scenario of $50 a barrel, anticipating a stable future for the commodity, with price fluctuations in the range of 10-20 percent and no tumultuous ups and downs.
NYSE:USO April 14, 2017 6:57am

Will Shale Kill Off The Oil Price Rally Again?

fracking shale gas
From Nick Cunningham: WTI has rallied more than 11 percent over the past month, raising hopes from oil bulls that maybe, just maybe, the price gains are here to stay.
NYSE:USO April 13, 2017 6:28am

Crude Rallies Again Amid Massive Oil & Gasoline Draw

oil-derrick
From Julianne Geiger: The American Petroleum Institute (API) reported a draw of 1.3 million barrels in United States crude oil inventories, compared to analyst expectations for a crude oil build of 125,000 barrels.
NYSE:USO April 12, 2017 6:35am

Oil Suddenly Looks Bullish Amid Rising Geopolitical Turmoil

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From Nick Cunningham: The surprise airstrikes by the U.S. on a Syrian airfield late last week brought an element of geopolitical risk back to the oil markets, adding support to crude prices.
NYSE:USO April 11, 2017 12:51pm

Technical Factors Could Lead Crude Oil To $70 Per Barrel

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From Chris Kimble: Crude Oil has created a series of lower highs and lower lows since the peak in 2008. Since the lows of 14-months ago, Crude has created a series of higher lows and potentially creating a bullish ascending triangle pattern.
NYSE:USO April 10, 2017 12:27pm

Syrian Missile Strikes Prove Very Bullish For Oil

Image of an oil derrick with blue sky
From Irina Slav: International oil prices spiked to a one-month high last week, after President Trump ordered missile strikes against Syrian military infrastructure in response to a chemical weapons attack for which security sources held responsible the Bashar Assad government.
NYSE:USO April 9, 2017 6:45am

Russia’s Energy Experts Predict $40 Oil Through 2020

Image of oil drums
From Zainab Calcuttawala: The Russian economy ministry has predicted $40 per barrel oil in 2017 and beyond, in stark contrast to forecasts made by major international institutions regarding the future of oil markets.
NYSE:USO April 7, 2017 6:44am

Here’s Why Oil’s Bounce Will Probably Be Short-Lived

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From Matt Smith: The crude complex is feeling charitable today, giving away most of its overnight gains, as last night's bullish API report head-faked the market. As Nonfarm Friday looms next on the radar, hark, here are five things to consider in oil markets today.
NYSE:USO April 6, 2017 6:26am

Crude Oil Prices Spike As Inventories Finally Begin To Decline

oil drum
From Julianne Geiger: The American Petroleum Institute (API) reported a draw of 1.83 million barrels in United States crude oil inventories, compared to analyst expectations that domestic supplies would see a smaller draw of .3 million barrels as refiners attempt to meet an increased appetite for gasoline.
NYSE:USO April 5, 2017 6:47am

Crude Oil Technicals Show Classic Reversal Pattern

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From Corey Rosenbloom: On the Intraday Chart, both Crude Oil and the S&P futures set up a classic reversal pattern that triggered today.
NYSE:USO April 4, 2017 6:24am

Analyst: Oil Is Going Back To $70 This Year

Image of an oil derrick with blue sky
From OilPrice.com: Oil prices are set to hit the $70 barrel mark later this year, according to Pierre Andurand, the managing partner at Andurand Capital Management that won 2017’s EMEA Investor’s Choice Award.
NYSE:USO April 3, 2017 6:22am

OPEC Does Its Best Central Bank Impression, Helps Bump Oil Prices Up

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From OilPrice.com: WTI rallied back into $50 territory last week with help from positive OPEC speak regarding an output cut renewal, production outages in Libya, Iraq and Canada and compliance levels on output cuts near 95% (via Reuters) for March.
NYSE:USO April 2, 2017 6:15am

Fundamentals Finally Looking Bullish For Oil Prices

oil drum
From Nick Cunningham: Gasoline demand is rising again in the U.S., helping to drain the exceptionally high levels of refined product inventories. That provides a small bit of bullish evidence for a market running a little low on reasons to feel optimistic about oil prices.
NYSE:USO March 31, 2017 8:51am

Oil Prices Bounce As Pace Of Inventory Build-Up Slows

Image of oil drums
From Julianne Geiger: The American Petroleum Institute (API) reported a build of 1.91 million barrels in United States crude oil inventories, compared to fairly accurate expert predictions that domestic supplies would see a 2-million-barrel build.
NYSE:USO March 29, 2017 6:30am

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