Could We See $60 Oil By Christmas?

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From Rakesh Upadyay: For the first 11 months of the year, OPEC talked oil prices up, but by December it became clear that oil prices were not going to rise higher on mere promises, and so OPEC announced a deal to cut production in their Algiers meeting on November 30.
NYSE:USO December 8, 2016 6:21am

Oil Plunges As Inventories Rise – OPEC Deal In Jeopardy?

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From Tyler Durden: Crude prices are lower this morning following API's huge reported build at Cushing (biggest since 2008) and fears over OPEC deal realities.
NYSE:USO December 7, 2016 11:28am

Oil Could Surge To $75 — If It Breaks Out Of Heavy Resistance

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From Taki Tsaklanos: Crude oil is very volatile in recent weeks. Weekly movements of more than 10% are the norm nowadays.
NYSE:USO

Oil Prices Doubled The Last Time OPEC Cut Production

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It finally happened. For the first time since 2008, the Organization of Petroleum Exporting Countries (OPEC) agreed to a crude oil production cut last week, renewing hope among producers and investors that prices can begin to recover in earnest after a protracted two-year slump, one of the worst in living memory.
NYSE:USO December 5, 2016 1:35pm

OPEC Is Trying To Get Non-OPEC Nations To Cut Production Now

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Following last week's landmark production cut deal among its member nations, OPEC is now attempting to get a large amount of other large oil producers to follow suit.
NYSE:USO

Here’s Why Oil Will Return To A Bear Market Very Soon

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From Larry Edelson: The oil market is overjoyed and back above $50 a barrel following this week’s OPEC deal to cut production by 1.2 million barrels per day (bpd). The deal is expected to rebalance global inventories, perhaps in the first half of 2017.
NYSE:USO December 3, 2016 8:27am

Here’s Why Oil Prices Jumped 8% Yesterday

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From OilPrice.com: Oil prices surged more than 8 percent on Wednesday as OPEC shocked the world and reached an agreement to cut production. If OPEC members succeed in implementing the deal, set to take effect in January, it could erase the global surplus in an instant.
NYSE:USO December 1, 2016 7:27am

Expect $20 Oil If OPEC Deal Fails

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From OilPrice.com: Two months ago, OPEC took the market by surprise by saying that it ‘agreed to agree’ on a deal to cut production to between 32.5 and 33.0 million bpd in a bid to reduce oversupply and lift oil prices.
NYSE:USO November 30, 2016 6:27am

Oil Plunges 4% As OPEC Deal Falls Apart

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From Tyler Durden: One day ahead of OPEC's much anticipated meeting in Vienna, oil has slid back under $46 on rising pessimism that an oil production cut deal, taken widely for granted as recently as last week, is not going to take place.
NYSE:USO November 29, 2016 9:06am

Goldman Sachs Is Suddenly Bullish On Oil Again

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From OilPrice.com: Goldman Sachs is known to make outlandish calls on crude oil. First came a forecast of $200 a barrel back in March 2008, which fell flat on its face within months.
NYSE:USO November 28, 2016 6:30am

Oil Prices Plunge As OPEC Talks Break Down

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From OilPrice.com: A power play by Saudi Arabia resulted in the cancellation of a meeting intended to steer the world’s oil exporters towards a production freeze, causing oil prices to tank on Friday.
NYSE:USO November 26, 2016 8:45am

Goldman Sachs: Higher Oil Prices Will Benefit Global Economy

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From OilPrice.com: OPEC is closing in on a deal to cut production, which will surely cause oil prices to rise. Oil is already almost back to $50 per barrel, so cuts of nearly 1 million barrels per day could boost prices well into the mid-$50s, even up towards $60 per barrel.
NYSE:USO November 25, 2016 7:18am

Oil Prices Bounce On Bullish EIA Report, As OPEC Deal Looms

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From OilPrice.com: A day after crude slid on API’s report of a 2.68-million-barrel build in gasoline inventories in the U.S., the EIA injected a modest amount of optimism into markets by reporting a 1.3-million-barrel decline in crude oil stockpiles for the week to November 18.
NYSE:USO November 23, 2016 12:10pm

OPEC’s Production Cap Deal Could Be Inked Today

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From OilPrice.com: OPEC’s High-Level Technical Committee, which is meeting in Vienna to discuss the implementation of the proposed group-wide production cap, could be done by the end of the day today, a Nigerian delegate told media.
NYSE:USO November 22, 2016 2:07pm

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