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

opec-logo
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

oil600X300
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

Image of oil drums
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

These Are The Winners And Losers Of The OPEC Deal

opec-logo
From Julianne Geiger: It’s no secret I’ve been one of the consistent naysayers about the OEPC deal. I was confident a deal wouldn’t be had, and that if they did manage to reach a deal—which seemed an impossibility given Iran/Saudi relations—it would have little to no effect on the supply glut.
NYSEA:USO December 2, 2016 6:15am

Leveraged Oil Plays Explode Higher As OPEC Deal Appears Imminent

oil gas 600X300
Leveraged bull oil ETFs surged in early trading Wednesday as headlines around the world indicated that OPEC oil ministers are unanimously in favor of a production cut.
NYSE:UCO November 30, 2016 6:55am

Oil Plunges 4% As OPEC Deal Falls Apart

opec-logo
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

Oil Prices Plunge As OPEC Talks Break Down

oil-tank-1526016-640x480
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

Did OPEC Just Win The Oil War?

opec-logo
From JL Yastine: In 2014, Saudi Arabia and the rest of the cartel’s oil ministers lined up their weapons and fired a huge salvo.
NYSE:USO November 20, 2016 7:48am

Oil Plunges Once Again As OPEC Deal Hopes Fade

Image of oil derricks
From Tyler Durden: Oil plunged more than 1% in early trading on Monday, as a prominent energy forecaster significantly cut its probability for an OPEC production cap deal being completed.
NYSE:USO November 14, 2016 9:30am

OPEC Cut In Question As October Production Surges

opec-logo
Oil prices were plunging once again on Friday morning, as news of much higher OPEC oil production in October cast doubts over the prospects of a coordinated production cut this month.
NYSE:UCO November 11, 2016 10:12am

Oil Bounces As OPEC Reiterates Production Cap Goals

oil-drumsOil prices spiked more than 1% in early Monday trading, as OPEC renewed its resolve to limit production, but many still remain skeptical of the measure's effectiveness.
NYSE:USO November 7, 2016 7:25am

OPEC Still Thinks It Can Get a Deal Done, But Market Says Otherwise

opec-logoFrom OilPrice.com: With markets rattled and oil prices tanking after being bombarded on a variety of fronts, OPEC has attempted to bring some calm to the market regarding its optimism that it will be able to reach some kind of a deal. But will the market buy it?
NYSE:USO November 4, 2016 6:27am

Oil Giants Split on Whether Crude Will Rise or Fall

OPEC logoFrom Nick Cunningham: Saudi Arabia’s energy minister Khalid al-Falih spoke at the Oil & Money Conference in London this week, where he offered a robust defense of OPEC’s 2014 decision to not intervene in the market to try to support oil prices.
NYSE:USO October 21, 2016 6:15am

Can OPEC Trust Saudi Arabia?

DesertFrom Zainab Calcuttawala: As Saudi Arabia leads the Organization of Petroleum Exporting Countries in developing a six-month freeze deal, investors and industry officials should consider one key factor before rocking the markets: can we really trust the KSA to see the deal through?
NYSE:USO October 14, 2016 12:15pm

Recommended for You

Explore More from ETFDailyNews.com

Free Daily Newsletter

Get daily ETF insights from our market experts. Never miss another important market development again!

ETFDailyNews.com respects your privacy.

Best ETFs

We've rated and ranked nearly 2,000 ETFs and ETNs using our proprietary SMART Grade system.

View Top Rated ETFs

Best Categories

We've ranked dozens of ETF categories based on relative performance.

Best ETF Categories