Oil Fails To Hold Gains After Higher Than Expected Draw

Image of an oil derrick with blue sky
From Matt Smith: In today's game of rock-paper-scissors from the weekly EIA inventory report, crude inputs were propelled higher (like a rock), blunting the impact of super-strong imports (the scissors).
NYSE:USO April 27, 2017 6:47am

Latest Crude Oil Buildup Shows How Difficult A Price Recovery Will Be

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From OilPrice.com: The American Petroleum Institute (API) reported a build of 897,000 barrels in United States crude oil inventories, compared to analyst expectations that markets would see a bit of relief with a crude oil draw of 1.6 million barrels.
NYSE:USO April 26, 2017 6:42am

After Years Of Turmoil, It’s An Exciting Time To Be An Energy Investor Again

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From Franklin Templeton Investments: Oil is back in the news, with the price of benchmark West Texas Intermediate (WTI) crude roughly doubling from last year’s lows driven by steady demand and coordinated supply cuts by Organization of Petroleum Exporting Countries (OPEC) and non-OPEC producers.
NYSE:XLE

The Bullish Case For Oil Is Fading Fast

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From Nick Cunningham: Oil prices took another dip on Monday, and with WTI down to $49 per barrel, crude oil has given up most of the gains that it had made so far this month, taking prices down to their lowest levels since late March.
NYSE:USO April 25, 2017 6:03am

How Successful Has The OPEC Production Cut Deal Been?

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From Nick Cunningham: Oil prices took a hit last week after doubts resurfaced over the odds of an OPEC extension. The chances of an extension still seem good, but ultimately the decision to maintain production cuts will come down to whether or not the participating members view the reductions as a success. So, have the cuts been successful? That depends on your perspective.
NYSE:USO April 24, 2017 7:11am

Don’t Expect A Breakout In Oil Prices This May

Image of an oil derrick with blue sky
From Taki Tsaklanos: The price of crude oil was weak last week. Crude oil dropped from $53.20 early in the period, to $49.62 on Friday. That is a 6.7 percent drop in a week, which is rather significant -- even for a volatile asset like crude oil.
NYSE:USO April 23, 2017 6:33am

How Much Further Can Oil Prices Fall?

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From SCS OTC Corp: The majority of recent oil market coverage has focused on bearish flies in the physical rebalance ointment including elevated OECD crude + refined product stocks and higher than forecast US production.
NYSE:USO April 22, 2017 7:28am

An Important Oil Index Is Testing A Major 30-Year Support Level

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From Dana Lyons: Beleaguered oil stocks are testing important support stretching back 3 decades.
NYSE:XLE

USO Crude Oil ETF Sees Outflows Begin As Performance Slumps

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Analyst Paul Weisbruch of Street One Financial brings us his daily fund flows report, which today looks at an interesting new fund debuting today, some more outflows in the world's largest ETF, and poor performance from a major crude oil ETF.
NYSE:USO April 21, 2017 12:47pm

Oil & Gas M&A Deals Hit New Record In Q1

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From Tsvetana Paraskova: U.S. oil and gas mergers and acquisitions in Q1 2017 hit a record high value for a first quarter, boosted by a wave of mega deals and the attractive Permian shale play, PwC said on Thursday in its US Oil & Gas Deals insights.
NYSE:XOP

Oil’s Plunge This Week Was Predicted By Bearish Technical Pattern

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From Corey Rosenbloom: Crude Oil plunged toward the $50.00 per barrel level, collapsing from negative divergences into resistance.
NYSE:USO

Wall Street’s Bullish Oil Price Predictions Are Likely Wrong Again

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From Gregory Brew: Despite prices levelling off and a continued resurgence in American production, bullish predictions on future prices are stacking up as analysts weigh in on where oil is headed.
NYSE:USO April 20, 2017 7:01am

Crude Oil Plunges As Production Surges To 20 Month Highs

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From Tyler Durden: Following API's surprise gasoline build (and small crude draw), DOE confirmed concerns with a surprise build in gasoline inventories.
NYSE:USO April 19, 2017 11:16am

Don’t Buy the Hype about Higher Oil Prices

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From Mike Burnick: Crude oil futures surged nearly 2% higher last week, trading above $53 a barrel for the first time in over a month. And suddenly, everybody and his brother is bullish on black gold again.
NYSE:UCO

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