Posts Tagged ‘NYSEARCA:UWTI’

Saudi Oil Strategy: Brilliant Or Suicide?

August 13th, 2015

crudeoilDalan McEndree: In the last quarter of 2014, in the face of possible oversupply, Saudi Arabia abandoned its traditional role as the global oil market’s swing producer and therefore it role as unofficial guarantor of existing ($100+ per barrel) prices. Read more…


Why A Cheaper Yuan Is Putting Pressure On Oil Prices

August 12th, 2015

oil etfsKent Moors:  The People’s Bank of China just cut the value of the yuan 2%. Read more…


OPEC Ups Production To 3 Year Highs As Iran Output Surges

August 11th, 2015

crudeoilTyler Durden:  As China takes the currency wars to the next level, so OPEC, not to be outdone, rotates the oil war volume to 11. Read more…


Crude Carnage Continues As Goldman Warns “Storage Is Running Out”

August 6th, 2015

crudeoilTyler Durden: WTI Crude is back below $45 again this morning – pressing towards 2015 and cycle lows -after Goldman Sachs’ Jeffrey Currie warns ’lower for longer’ is here to stay, with price risk ”substantially skewed to the downside.” Read more…


What Lies Ahead For Oil ETFs?

August 4th, 2015

oil etfsSweta Killa:   After smooth trading in May and June, oil resumed its decline and trapped in the nastiest downward spiral in July joining the broader selloff in commodities amid growing global glut and the China slowdown. In fact, U.S. crude oil lost nearly Read more…


OPEC Forecasts Oil As Low As $40 For Next Decade

May 11th, 2015

OPECTyler Durden:  Whether it is more posturing ahead of OPEC’s June meeting is unclear but the message from ‘sources’, according to The Wall Street Journal is ”OPEC won’t agree to go lower,” with regard global market share(which has fallen from more than 50-% to just 32% currently). Read more…


Peak Oil Optimism

May 6th, 2015

oil etfsTyler Durden: Speculative bets on rising Brent crude oil prices reached a new record last week but under the surface futures and options market positioning among managed money accounts is flashing a very red warning signal. Read more…


WTI Spikes Above $55 After Crude Inventories Rise At Slowest Pace In 14 Weeks

April 15th, 2015

oil etfsTyler Durden: For the 14th week in a row, US crude inventories rose; but against expectations of a 3.5mm build (and weak API overnight), DOE printed a mere 1.294mm bbl build - the lowest since the build streak began on the first week of January. Read more…


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