An Important Oil Index Is Testing A Major 30-Year Support Level

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From Dana Lyons: Beleaguered oil stocks are testing important support stretching back 3 decades.
NYSE:XLE April 22, 2017 7:16am

Oil & Gas M&A Deals Hit New Record In Q1

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From Tsvetana Paraskova: U.S. oil and gas mergers and acquisitions in Q1 2017 hit a record high value for a first quarter, boosted by a wave of mega deals and the attractive Permian shale play, PwC said on Thursday in its US Oil & Gas Deals insights.
NYSE:XOP April 21, 2017 10:48am

SPDR Gold ETF Rises Amid Increasing Economic, Geopolitical Fears

fine-gold
From Sean Brodrick: Do you want to see a picture of fear? Just look at what’s happening in the world’s largest gold ETF.
NYSE:GLD

Oil’s Plunge This Week Was Predicted By Bearish Technical Pattern

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From Corey Rosenbloom: Crude Oil plunged toward the $50.00 per barrel level, collapsing from negative divergences into resistance.
NYSE:USO

Gold The Main Beneficiary If Trump Bullies The Fed Into Printing Money

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From Mark O'Byrne: David McWilliams has written an interesting article in which he puts forward the case that Trump is likely to turn on the “enemy within,” the Federal Reserve and bully them into “printing money.”
NYSE:GLD April 20, 2017 10:36am

Here’s Why Weak Copper Prices Could Be Bullish For Silver

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From Sean Brodrick: Have you seen the price of copper lately? It surged mightily in 2016 … but stalled out this year. Now, it seems to be slip-sliding lower. And it just hit a three-month low on Tuesday.
NYSE:SLV

Wall Street’s Bullish Oil Price Predictions Are Likely Wrong Again

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From Gregory Brew: Despite prices levelling off and a continued resurgence in American production, bullish predictions on future prices are stacking up as analysts weigh in on where oil is headed.
NYSE:USO

Crude Oil Plunges As Production Surges To 20 Month Highs

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From Tyler Durden: Following API's surprise gasoline build (and small crude draw), DOE confirmed concerns with a surprise build in gasoline inventories.
NYSE:USO April 19, 2017 11:16am

Don’t Buy the Hype about Higher Oil Prices

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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

Oil’s Recovery Stalls Amid Surprisingly Low API Draw

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From Julianne Geiger: The American Petroleum Institute (API) reported a draw of 840,000 barrels in United States crude oil inventories, compared to analyst expectations for a healthier crude oil draw of 1.5 million barrels.
NYSE:USO

Who — Or What — Is Behind Oil’s Recent Price Surge?

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From Brian Noble: We have seen before how machines, or more precisely the algorithmically programmed computers, are increasingly responsible for setting prices in the WTI futures pit.
NYSE:USO April 18, 2017 6:30am

Lumber Futures Surge In Latest Inflationary Signal

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As if you need more proof that inflation is finally starting to pick up, lumber prices rose to a 12-year high last week, supported mainly by expectations that steep duties will soon be levied on cheap softwood imports from Canada.
NASDAQ:WOOD April 17, 2017 5:01pm

OPEC Nations Are In Trouble If Oil Doesn’t Get Back To $60 Per Barrel

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From OilPrice.com: OPEC officials told The Wall Street Journal last week that the bloc’s biggest members are hoping for a $60 barrel from their oil supply rebalancing efforts that are currently underway.
NYSE:USO

Oil & Gas ETFs Prove Popular Amid Crude Price Volatility

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XOP (SPDR Oil & Gas Exploration & Production, Expense Ratio 0.35%, $2.2 billion in AUM) is the unabashed leader in the specific sub-sector within the greater “Energy Equity” category known as “Oil & Gas Exploration & Production,” which is populated by eight ETFs at the moment.
NYSE:XOP

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