Tag Archives for: NYSE:USO

Oil Prices Fall as Markets Doubt OPEC Deal Execution

Oil derrick imageOil prices were on the decline this morning, a day after a landmark OPEC deal was struck to limit oil production beginning in November.
NYSE:USO September 29, 2016 9:06am

Goldman Sachs: OPEC Can’t Save Oil Prices from Continued Weakness

Image of oil drumsFrom Tyler Durden: Goldman Sachs has doubled down on its bearish oil call, saying that OPEC is powerless to shift oil prices back into a bull market.
NYSE:USO September 28, 2016 9:54am

An OPEC Pact Is Not Enough to Rescue Oil Prices

From OilPrice.com: Saudi Arabia and Iran may yet come to terms on some sort of production arrangement, but the outcome of the negotiations in Algeria this week may not do much to rescue oil prices.

Analyst: Oil Will Get to $60 and Beyond Soon

oil600X300From David Yager: As the September 26 to 28 “informal” meeting of OPEC producers in Algeria draws near, media speculation could easily cause mental anguish. On oil news websites simultaneous headlines claim OPEC will both fail and succeed in capping output.
NYSE:USO September 26, 2016 6:39am

Russia Expects $40 Oil to Last Through 2017

From OilPrice.com: The Russian government will plan its 2017-2019 budget based $40 oil for the country’s signature Urals blend of crude, according to Finance Minister Anton Siluanov.
NYSE:USO September 24, 2016 10:27am

Here’s Why Crude Oil Is Up, But The Crude Oil ETF Is Down

Imagine a scenario where you were anticipating a rebound in crude oil prices. From the start of 2014 through the beginning of 2016, a barrel of WTI crude oil dropped from nearly $110 at its peak all the way down to below $30. The bad times can’t last forever, you say to yourself, and decide that oil prices are bound to rise again.
NYSE:USO September 23, 2016 5:34am

Here’s Why OPEC Will Likely Disappoint the Oil Markets

From OilPrice.com: There is a strong possibility that OPEC disappoints the oil markets in the coming days, offering either no production limit or a toothless agreement that may not even be finalized until later.
NYSE:USO September 22, 2016 8:24am

What If Oil Prices Stay Low Forever?

From OilPrice.com: The World Energy Investment study released by the IEA on September 14 confirmed what analysts have been prophesying for months: the current decline in oil-and-gas investment is the biggest one in half a century.
NYSE:USO September 21, 2016 6:44am

Oil Prices Slump, Surge, Then Fall Again in Volatile Action

From Matt Smith: Oil prices have seen some true whip-saw action today, with an initial downturn met by a huge spike, and subsequent quick sell-off.
NYSE:USO September 20, 2016 1:20pm

OPEC Deal Coming Soon, Says Venezuela’s Maduro

Image of oil derricksOil prices were on the rise this morning, with news coming out of Venezuela from president Nicolas Maduro claiming that OPEC members have had recent "positive discussions" about a pact to stabilize petroleum prices.
NYSE:USO September 19, 2016 6:56am

Here’s What’s Driving Oil Prices Lower Once Again Today

From OilPrice.com: Gasoline is continuing its charge higher amid ongoing issues relating to the Colonial pipeline. Nonetheless, crude is charging lower into the weekend as oversupply fears weigh and dollar strength returns. Hark, here are six things to consider in oil markets today.
NYSE:USO September 16, 2016 2:52pm

Goldman Sachs: No Hope for Oil Recovery in Next 12 Months

From OilPrice.com: Goldman Sachs has been extremely pessimistic about the oil market over the last year and a half, and the latest from their head of commodity research, Jeff Currie, is no exception.
NYSE:USO September 15, 2016 12:01pm

Bank of America Merrill Lynch: Oil Will Surge 49% in the Next 8 Months

A Bank of America Merrill Lynch recently published some very bullish research notes on oil, contending that prices will soon reach a bottom and begin a big move up through June of next year.
NYSE:USO September 14, 2016 9:46am

OPEC Says Oil Glut Will Continue Through 2017

oil drumFrom OilPrice.com: OPEC revised up on Monday its forecast for non-OPEC oil supply in 2017 by 350,000 barrels per day and now expects producers outside the cartel to supply 56.52 million bpd to the market next year, in a signal that the global glut will persist.
NYSE:USO September 13, 2016 6:55am

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