Oil Is Giving Up All Of Its November Gains

Image of oil drums
Ahead of the OPEC deal discussions, crude oil has not been faring well whatsoever, with WTI crude oil plunging up to 4% in Tuesday morning trading.
NYSE:OIL November 29, 2016 12:23pm

Collapsing Contango Means Tankers Full Of Oil Such As This One, Will Soon Have To Unload Their Cargo

oil etfsTyler Durden:  One week ago we showed something the oil bulls did not expect: oil producer hedging had started. 
NYSE:OIL March 28, 2016 2:48pm

Oil Shorts Shellacked

crudeoilJon Markman:  The price of West Texas Intermediate crude oil jumped above $40 last week for the first time this year. Since bottoming in mid-February, crude is up 58% trough to peak.
NYSE:OIL March 22, 2016 12:48pm

Will 2016 Bring The Birth Of A “New Oil Bull Market”?

crudeoilRida Morwa: Crude oil prices have become hostage to upgrades and downgrades by Major Banks and Analysts, many of which are now predicting a stronger oil market in 2016.
NYSE:OIL January 28, 2016 4:42pm

OPEC Production Hits Three-Year High As Oil Price Continues Slump

oil etfsTyler Durden:  The latest confirmation that the oil cartel formerly known as OPEC is effectively non-existent, came a little over an hour ago when in its latest November monthly report, the Organization of Petroleum Exporting Countries reported
NYSE:OIL December 10, 2015 4:23pm

WTI Tumbles To $43 Handle As Iran ‘Price Cut’ Sparks Supply Surge

short-oil-etfTyler Durden:  Having traded above $46 on Friday, WTI Crude is back to a $43 handle as it appears Iran's price cut, as we detailed here, sparked demand from China and India driving up Iran exports to 1 million barrels per day. 
NYSE:OIL September 14, 2015 12:25pm

What Lies Ahead For Oil ETFs?

oil etfsSweta Killa:   After smooth trading in May and June, oil resumed its decline and trapped in the nastiest downward spiral in July joining the broader selloff in commodities amid growing global glut and the China slowdown. In fact, U.S. crude oil lost nearly
NYSE:DWTI August 4, 2015 5:18pm

Why You Shouldn’t Invest In A Crude Oil Index ETF [United States Oil Fund LP (ETF)]

crudeoilAlex McGuire:  Many investors are looking to buy a crude oil index ETF to profit from oil's rise throughout 2015.
NYSE:OIL June 11, 2015 5:13pm

The Potential For A Blow-Off Rally In Crude Oil [Exxon Mobil Corporation, Total SA (ADR), Linn Energy LLC, Kinder Morgan Inc]

oil etfsJR Crooks:  With a grain of salt …  That’s how I take market predictions from politicians and policymakers.
NYSE:OIL May 19, 2015 12:42pm

The Hidden Risks Of Oil Field Services ETFs [United States Oil Fund LP (ETF), Market Vectors Oil Services ETF]

ETFsKyle Anderson: WTI crude oil prices climbed to $56 per barrel this week for the first time in 2015. At this week's high, crude is now up 28% from its early-March low of $44.03.
NYSE:OIH April 20, 2015 5:14pm

Where The Price Of Oil Is Headed Next? [Seadrill Ltd, Linn Energy LLC, Transocean LTD, BreitBurn Energy Partners L.P.]

which wayGeorge Leong: Uncertainty appears to be influencing oil prices near-term, and the long-term outlook doesn’t look to be showing much strength. For the time being, oil prices are stuck in a trader’s market.
NYSE:DWTI April 15, 2015 12:34pm

United States Oil Fund LP (ETF)(USO): Oil ETFs See Biggest Outflows In 15 Months

oil etfsTyler Durden: Just as we warned previously (herehere, and here), the knife-catching, contango-crushed, BTFDers that piled over $6bn into Oil ETFs have severely underperformed this year.
NYSE:OIL April 14, 2015 3:47pm

What The Rig Plunge Really Means For The Price Of Oil [Transocean LTD, Seadrill Ltd, Baker Hughes Incorporated, BP plc (ADR)]

oil gasTyler Durden: Arguably the biggest catalyst for the surge in crude, in addition to the technical move which started off with a vicious short squeeze into the NYMEX close last Friday, was last week's record drop in the Baker Hughes rig count to 1,223, down from 1,609 just three months earlier.
NYSE:OIH February 4, 2015 4:27pm

The Arc Of Crude Oil To Watch For Reversal [Transocean LTD, Linn Energy LLC, Chevron Corporation, ConocoPhillips]

crudeoilCorey Rosenbloom: Arc Trendline Patterns are among my favorite things to see on a chart because of the simple pattern and the large reversal that can occur once price breaks free of this “exponential” event.
NYSE:BNO December 16, 2014 3:16pm

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