Here’s What Could Drive Oil Prices Higher This Summer

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From Osama Rizvi: Uncertainty is dominating today’s oil markets, with production cuts, ballooning inventories and a rising rig count all adding to oil price volatility. And as the summer driving season approaches and oil companies return to their projects here are four key factors to watch closely.
NYSE:USO March 28, 2017 6:42am

OPEC Deal Crumbling? Saudi Arabia Tiring Of “Free Riders”

From Gregory Brew: From casual observation, one might be forgiven for referring to the OPEC production cut in place since November 2016 as the “Saudi production cut.”
NYSE:USO March 24, 2017 7:05am

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

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

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

Plunging Oil Prices Could Derail The OPEC Production Cut Deal

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

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

Here’s Why Oil Prices Are Surging Today

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From Tyler Durden: Oil jumped this morning, with Brent rising 1%, trading above $56 after the International Energy Agency said OPEC had achieved record initial compliance of 90% with planned production cuts - it is unclear how much of this was self-reported and questionable - while demand grew faster than expected.
NYSE:USO February 10, 2017 10:22am

Some OPEC Members May Be Cheating On The Production Cut Deal Already

From Nick Cunningham: OPEC provide a shot in the arm for oil prices this week when S&P Global Platts reported a much higher than expected compliance rate for the month of June. So far, OPEC has achieved 91 percent of its promised production cuts, impressing many oil watchers who expected mutual antipathy and mistrust to get in the way of cooperation.
NYSE:USO February 9, 2017 9:02am

With OPEC Meetings Looming, Here’s Where Oil Production Cuts Stand

From Damir Kaletovic: OPEC will present its Monthly Oil Market Report on the 18th of January, at a time when OPEC and non-OPEC members are making their first production cuts in line with the 30th of November deal—the first cut deal in eight years.
NYSE:USO January 17, 2017 9:21am

Simple Math Proves The OPEC Deal Will Fall, Along With Oil Prices

From Todd Royal: The basic laws of supply and demand can easily cause the OPEC production cuts to not work, but there are other factors to also consider. These factors include U.S. shale production, political stability returning to Libya and Nigeria, the amount of oil sitting in storage and rising role of renewable energy.
NYSE:USO January 12, 2017 11:23am

OPEC Gains Evaporate As Oil Plunges Toward $50 Again

Oil prices were on the decline again on Thursday, as yesterday's Federal Reserve decision to boost interest rates continues to weigh on commodities.
NYSE:USO December 15, 2016 10:30am

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 December 5, 2016 10:50am

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