3 Reasons Oil Prices Are Gushing (USO, UCO, XLE, ERY, ERX, SCO)
Diane Alter: Oil prices have taken a backseat lately to the turmoil in Europe and Obamacare. But investors and consumers are starting to take notice again. Read more…
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Diane Alter: Oil prices have taken a backseat lately to the turmoil in Europe and Obamacare. But investors and consumers are starting to take notice again. Read more…
EconMatters: Crude oil prices, along with world stocks, surged on Friday after euro zone leaders reached an accord on directly recapitalizing regional banks as well as measures to cut soaring borrowing costs in Italy and Spain. Brent crude jumped more than Read more…
Marin Katusa: One of oil’s most important characteristics is its fungibility, which means that a barrel of refined oil from Texas is equivalent to one from Saudi Arabia or Nigeria or anywhere else in the world. The global oil machine is built upon this premise Read more…
Sean Brodrick: OPEC is meeting today in Vienna. And boy, does this group have a lot to talk about. That’s because the price of U.S.-benchmark West Texas Intermediate crude is down about 25% since hitting a 10-month high of $110.55 a barrel back in March. Read more…
Larry D. Spears: Crude oil prices have been hammered of late. The cost of oil fell 21.8% between May 1 and June 1 – from $106.50 to $83.23 a barrel – the sharpest monthly drop since December 2008. Read more…
Thomas Carreno: If the U.S. Oil ETF (NYSEARCA:USO) can manage to close much higher today above 31.67 then I think it would help to confirm the chance that the USO has made a bottom here. But this is a tough call in this zone. The USO has Read more…
Direxion, a leader in alternative investment solutions, announces changes to the benchmark indices of eight leveraged and inverse exchange-traded funds (ETFs), along with other changes. The modifications will take effect on or about June 29, 2012. Read more…
NYSE:BGU, NYSE:BGZ, NYSE:ERX, NYSE:ERY, NYSE:MWJ, NYSE:MWN, NYSE:TYH, NYSE:TYP
Thomas Carreno: The Direxion Energy Bull 3X Shares ETF (NYSEARCA:ERX) looks like it is almost done completing an important bullish butterfly pattern. If the pattern is valid then we should see price showing final bottom action right now between the 30.06 and 34.42 range. Read more…
Larry D. Spears: Forecasts for oil prices in the second half of 2012 and on into 2013 are varied, but there’s one point on which virtually all agree: Oil prices won’t be going down. Read more…
Richard Rittorno: WTI crude oil has been back on the rebound after traders received the U.S. API report reflecting the largest inventory drawdown in seven weeks. Money flowing back out of the U.S. dollar as a safe haven also helps to send WTI higher.On days like this, traders in any market have to take Read more…
Michael Johnston: For advisors utilizing ETFs in client portfolios, the details matter. Whether it be the difference in product structure, weighting methodology, or degree of currency exposure, Read more…
Simon Watkins: Crude oil on NYMEX continues to trade near its lowest level since December 22 as U.S. crude stockpiles increase on slack domestic economic growth, with yesterday’s U.S. Read more…
Jason Simpkins: If you’re unsettled by the thought of gasoline at $4.00 a gallon, brace yourself. With tensions between Iran and the West quickly escalating, we could see gas jump to $6.00 a gallon at the pump in a matter of months. Read more…
Jared Cummans: Crude oil is arguably the most widely-traded commodity on the market and it is also one of the most significant. Much of the past year saw crude sway violently back in forth much like general equities, but oil prices have recently been enjoying a nice upward momentum that began in early Read more…
Richard Rittorno: European shares and U.S. markets are climbing higher after China post healthy trade number, putting markets on a positive territory to a broad based recovery. The renewed risk appetite is helping growth sensitive commodities including crude oil. Read more…
ETF BASIC NEWS, NYSE:DIG, NYSE:DUG, NYSE:ERX, NYSE:ERY, NYSE:USO
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