Near-Record Oil Inventories Remain A Persistent Headwind For Crude Prices

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From Matt Smith: Crude headed lower on Wednesday after a solid build to crude inventories from the weekly EIA inventory report. As U.S. inventories climb to a new record high, crude is having a tough time believing that the market is re-balancing. Hark, here are five things to consider in oil markets today.
NYSE:USO March 23, 2017 6:42am

Oil Prices Plummet Again, As U.S. Inventories Build

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From Julianne Geiger: The American Petroleum Institute (API) reported a build of 4.529 million barrels in United States crude oil inventories against expert predictions that domestic supplies would see only a 2-million-barrel build.
NYSE:USO March 22, 2017 6:32am

Oil Faces More Price Risk, As Speculators Dump Overly Bullish Bets

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From Nick Cunningham: Last week, after WTI dipped to $48, it seemed to firm up a bit on assurances from OPEC regarding compliance with its cuts, and a better-than-expected report from the EIA showing a slight drawdown in crude oil inventories also provided a boost to oil prices.
NYSE:USO March 21, 2017 6:29am

Turning Point In Oil Markets Could Mean A 45% Surge In Oil Prices

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From Nawar Alsaadi: Often the most important turning points in markets, and in this case the oil market, happen with a whimper rather than a bang.
NYSE:USO March 20, 2017 6:21am

Traders Place Near-Record Bets Against Crude Oil

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From Tyler Durden: During a week that saw WTI crude prices erase all post-OPEC-production-cut-deal gains, after the Saudis admitted 'cheating' (but rapidly back-pedalled), oil speculators added almost 80,000 contracts to their short positions - the 2nd most in 34 years.
NYSE:USO March 19, 2017 8:07am

Here’s What Kept Oil Prices Low This Week

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From Matt Smith: It was quadruple witching day in the markets Friday, and accordingly, oil prices were scared stiff, hardly budging.
NYSE:USO March 18, 2017 7:14am

Wall Street Is Inexplicably Still Bullish On Oil

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From Nick Cunningham: Oil prices have given up some of the gains achieved since the OPEC deal was agreed to in late November, and confidence in the buoyancy of crude prices is starting to falter.
NYSE:USO March 17, 2017 10:27am

U.S. Shale Continues To Threaten OPEC’s Dominance

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From Tsvetana Paraskova: The U.S. shale cowboys are back on their horses and leading a strong recovery in the oil patch that is not expected to falter even as WTI prices dropped last week below $50 per barrel for the first time in more than two months.
NYSE:USO March 16, 2017 6:57am

Oil Finally Bounces A Bit, As U.S. Crude Inventories Show Temporary Pullback

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From Julianne Geiger: The American Petroleum Institute (API) reported a surprise draw of 531,000 barrels in United States crude oil inventories against expert predictions that domestic supplies would see a small 3-million-barrel build, instilling hopes in the minds of weary oil traders that OPEC’s production cuts are not being entirely undone by U.S. shale drillers.
NYSE:USO March 15, 2017 10:55am

Oil Prices At Risk Of Continued Downside As Price War Looms

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From Nick Cunningham: Last November, OPEC orchestrated an impressive feat: corralling all (or nearly all) of its members to sign on to relatively aggressive production cut deal, and then actually convincing everyone to follow through on those reductions beginning in January.
NYSE:USO March 14, 2017 6:48am

Plunging Oil Prices Could Derail The OPEC Production Cut Deal

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From Gregory Brew: A bearish report from the EIA, particularly the inventory data and an output forecast which predicts U.S. production rising to a level not seen since 1970, sent WTI prices plunging this week: between Wednesday and Friday, the price of oil fell 8 percent and dipped below $50 for the first time since December.
NYSE:USO March 13, 2017 6:18am

OPEC Back In Focus Amid Oil’s Latest Collapse

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From Michael McDonald: OPEC and the U.S. continue to fight for dominance in the global oil market. The battle has been recently been defined by OPEC’s production cuts, but new U.S. shale production has been countering strongly as of late.
NYSE:USO March 12, 2017 7:00am

After An 8% Drop This Week, How Much Further Can Oil Fall?

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From Tom Kool: Oil prices awoke from their slumber this week, breaking out of a narrow trading range and plunging by more than 8 percent.
NYSE:USO March 11, 2017 6:25am

Energy-Related ETFs Slammed Amid Oil Price Meltdown

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Crude Oil has been pummeled this week, with the largest ETP in the space USO (U.S. Oil, Expense Ratio 0.45%) plunging more than 7% in the past three trading sessions on price compression there on high supply levels.
NYSE:USO March 10, 2017 11:56am

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