Oil Plunges As Inventories Rise – OPEC Deal In Jeopardy?

From Tyler Durden: Crude prices are lower this morning following API's huge reported build at Cushing (biggest since 2008) and fears over OPEC deal realities.
NYSE:USO December 7, 2016 11:28am

Oil Could Surge To $75 — If It Breaks Out Of Heavy Resistance

From Taki Tsaklanos: Crude oil is very volatile in recent weeks. Weekly movements of more than 10% are the norm nowadays.

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.

Oil Prices Doubled The Last Time OPEC Cut Production

oil drum
It finally happened. For the first time since 2008, the Organization of Petroleum Exporting Countries (OPEC) agreed to a crude oil production cut last week, renewing hope among producers and investors that prices can begin to recover in earnest after a protracted two-year slump, one of the worst in living memory.
NYSE:USO December 5, 2016 1:35pm

OPEC Is Trying To Get Non-OPEC Nations To Cut Production Now

Image of oil drums
Following last week's landmark production cut deal among its member nations, OPEC is now attempting to get a large amount of other large oil producers to follow suit.

Here’s Why Oil Will Return To A Bear Market Very Soon

From Larry Edelson: The oil market is overjoyed and back above $50 a barrel following this week’s OPEC deal to cut production by 1.2 million barrels per day (bpd). The deal is expected to rebalance global inventories, perhaps in the first half of 2017.
NYSE:USO December 3, 2016 8:27am

As Winter Descends, Natural Gas Prices Are Rising

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From OilPrice.com: U.S. natural gas storage inventories decreased by 50 Bcf during the week ending Nov. 25, per the Energy Administration Association (EIA).

How To Profit From Oil Volatility Using ETFs

XOP (SPDR Oil & Gas Exploration & Production, Expense Ratio 0.35%), as we have mentioned lately, is one of the most volatile ETFs in the short term thanks to Crude Oil volatility itself surrounding OPEC.
NYSE:XOP December 2, 2016 11:59am

These Stocks Benefitted The Most From OPEC’s Production Cut

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From Zacks: The market has so long been habituated to persistently weak oil prices following an oversupplied commodity market. But instead of taking any step to lower output, all major producers went on swelling up their inventory, pushing crude to multiyear lows. 

These Are The Winners And Losers Of The OPEC Deal

From Julianne Geiger: It’s no secret I’ve been one of the consistent naysayers about the OEPC deal. I was confident a deal wouldn’t be had, and that if they did manage to reach a deal—which seemed an impossibility given Iran/Saudi relations—it would have little to no effect on the supply glut.

Interesting Options Activity Picks Up In XME

The XME (SPDR S&P Metals & Mining, Expense Ratio 0.35%, $913 million in AUM) has turned in a stellar year thus far in terms of delivering over 108% return in terms of year-to-date performance and pulling in more than $325 million in new assets via creations, and we have seen an uptick in options volume this week.
NYSE:XME December 1, 2016 2:12pm

Here’s Why Oil Prices Jumped 8% Yesterday

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From OilPrice.com: Oil prices surged more than 8 percent on Wednesday as OPEC shocked the world and reached an agreement to cut production. If OPEC members succeed in implementing the deal, set to take effect in January, it could erase the global surplus in an instant.

A New Triple Leveraged Oil ETF Is Coming Soon

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Many traders were understandably disappointed when Credit Suisse unexpectedly announced they would shutter their two triple leveraged oil funds next month, but another issuer is wasting no time in stepping up to provide an alternative.
NYSE:UWTI November 30, 2016 5:23pm

Leveraged Oil Plays Explode Higher As OPEC Deal Appears Imminent

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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.

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