Lack Of New Oil Discoveries Could Finally Spur Crude Price Rally

Image of an oil derrick with blue sky
From Nick Cunningham: The volume of new oil discoveries hit a record low in 2016, the result of severe cuts to exploration budgets amid plummeting oil prices. The number of new conventional drilling projects also dropped to the lowest level in 70 years, according to the International Energy Agency.
NYSE:USO April 28, 2017 9:38am

Weak Sector Earnings Are Hitting Oilfield Services ETFs

oil-derrick
From Zacks: A lot has been said about oil price recovery over the last few months. Oil prices, in fact, recovered in late 2016 following the OPEC output cut deal signed in November.
NYSE:OIH

These Sectors Are Most Vulnerable As Corporate Debt Nears Record Level

Image of oil derricks
From David Dutkewych: Years of cheap credit have not only helped the U.S. economy recover, but the world’s economy. There’s no doubt about it.
NYSE:XLE

Oil Fails To Hold Gains After Higher Than Expected Draw

Image of an oil derrick with blue sky
From Matt Smith: In today's game of rock-paper-scissors from the weekly EIA inventory report, crude inputs were propelled higher (like a rock), blunting the impact of super-strong imports (the scissors).
NYSE:USO April 27, 2017 6:47am

Latest Crude Oil Buildup Shows How Difficult A Price Recovery Will Be

oil drum
From OilPrice.com: The American Petroleum Institute (API) reported a build of 897,000 barrels in United States crude oil inventories, compared to analyst expectations that markets would see a bit of relief with a crude oil draw of 1.6 million barrels.
NYSE:USO April 26, 2017 6:42am

After Years Of Turmoil, It’s An Exciting Time To Be An Energy Investor Again

Image of oil derricks
From Franklin Templeton Investments: Oil is back in the news, with the price of benchmark West Texas Intermediate (WTI) crude roughly doubling from last year’s lows driven by steady demand and coordinated supply cuts by Organization of Petroleum Exporting Countries (OPEC) and non-OPEC producers.
NYSE:XLE

The Bullish Case For Oil Is Fading Fast

Image of oil drums
From Nick Cunningham: Oil prices took another dip on Monday, and with WTI down to $49 per barrel, crude oil has given up most of the gains that it had made so far this month, taking prices down to their lowest levels since late March.
NYSE:USO April 25, 2017 6:03am

How Successful Has The OPEC Production Cut Deal Been?

opec-logo
From Nick Cunningham: Oil prices took a hit last week after doubts resurfaced over the odds of an OPEC extension. The chances of an extension still seem good, but ultimately the decision to maintain production cuts will come down to whether or not the participating members view the reductions as a success. So, have the cuts been successful? That depends on your perspective.
NYSE:USO April 24, 2017 7:11am

The Uranium ETF Is Close To A Major Breakdown After Last Week’s Plunge

nuclear-uranium
From Taki Tsaklanos: The uranium space is creating suspension among investors. The most popular uranium mining ETF, URA, dropped 4.6 percent last week. With that, it breached a major support level, and that could become major news.
NYSE:URA April 23, 2017 7:02am

Don’t Expect A Breakout In Oil Prices This May

Image of an oil derrick with blue sky
From Taki Tsaklanos: The price of crude oil was weak last week. Crude oil dropped from $53.20 early in the period, to $49.62 on Friday. That is a 6.7 percent drop in a week, which is rather significant -- even for a volatile asset like crude oil.
NYSE:USO

How Much Further Can Oil Prices Fall?

Image of an oil refinery
From SCS OTC Corp: The majority of recent oil market coverage has focused on bearish flies in the physical rebalance ointment including elevated OECD crude + refined product stocks and higher than forecast US production.
NYSE:USO April 22, 2017 7:28am

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

keystone pipeline
From Dana Lyons: Beleaguered oil stocks are testing important support stretching back 3 decades.
NYSE:XLE

USO Crude Oil ETF Sees Outflows Begin As Performance Slumps

Image of oil drums
Analyst Paul Weisbruch of Street One Financial brings us his daily fund flows report, which today looks at an interesting new fund debuting today, some more outflows in the world's largest ETF, and poor performance from a major crude oil ETF.
NYSE:USO April 21, 2017 12:47pm

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

merger-mna
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

Recommended for You

Explore More from ETFDailyNews.com

Free Daily Newsletter

Get daily ETF insights from our market experts. Never miss another important market development again!

ETFDailyNews.com respects your privacy.

Best ETFs

We've rated and ranked nearly 2,000 ETFs and ETNs using our proprietary SMART Grade system.

View Top Rated ETFs

Best Categories

We've ranked dozens of ETF categories based on relative performance.

Best ETF Categories