Here’s Why Crude Oil (USO) Plunged, Despite OPEC Deal News

From Nick Cunningham: The latest OPEC meeting was uncharacteristically tranquil, with little of the eleventh hour infighting and arm-twisting that has been so prevalent in previous meetings.
NYSE:USO May 26, 2017 6:02am

Goldman Says Oil (USO) Will Plunge Once OPEC Deal Expires

Image of oil drums
From Nick Cunningham: OPEC is about to extend its production cuts for another nine months in an effort to bring the oil market back into balance.
NYSE:USO May 25, 2017 6:21am

What Oil (USO) Investors Can Expect From This Week’s OPEC Meeting

oil drum
From Nick Cunningham: The highly-anticipated OPEC meeting will take place this week, but unlike the last few meetings, the hype and excitement is much less palpable. That is largely because the end result is thought to be a foregone conclusion.
NYSE:USO May 23, 2017 11:00am

Can Crude Oil (USO) Survive Upcoming Car Ownership Plunge, Electric Revolution?

Image of an oil derrick with blue sky
From Jon LeSage: With all of the global fascination over Uber, Lyft, shared rides, mobility services, and automated driving, a historic question inevitably comes up: Will new vehicle sales plunge because of it?
NYSE:USO May 21, 2017 7:31am

Oil Back On The Rise, As OPEC Deal Extension Seems Likely

From Tsvetana Paraskova: Oil prices erased early losses to rise on Thursday after Algeria’s Energy Minister Noureddine Boutarfa said that most OPEC producers are supporting the Saudi-Russian proposal for an extension of the production cuts until March 2018.
NYSE:USO May 19, 2017 6:25am

U.S. Shale Industry Not Expecting Oil Price Recovery Any Time Soon

From Rakesh Upadhyay: U.S. shale oil drillers have tactically used hedging to survive during the current oil crisis. Along with the technological advances, hedging has been one of the reasons for the survival of the shale oil industry.
NYSE:USO May 18, 2017 9:42am

USO Bounce Proves Short-Lived, As Oil’s Draw Streak Ends

Image of oil derricks
From Julianne Geiger: The American Petroleum Institute (API) reported a build of 882,000 barrels in United States crude oil inventories, compared to analyst expectations that markets would see a draw of 2.3 million barrels for the week ending May 12.
NYSE:USO May 17, 2017 6:21am

Oil’s Recent Collapse Proves The Machines Are In Charge

From David Yager: For an industry suffering from Post-Traumatic Stress Disorder (PTSD) almost 2.5 years after the oil price collapse, May 4 was a very long day.
NYSE:USO May 16, 2017 6:09am

Why Oil Should Be Priced Between $60 And $70

From Dan Steffens: Before we get into this topic, let me remind readers that crude oil prices are determined on the global market and natural gas & natural gas liquids (“NGLs”) trade on regional markets. The vast majority of upstream oil & gas companies produce a mixture of these three commodities.
NYSE:USO May 15, 2017 6:23am

Was Last Week’s Oil Crash Inevitable?

From Kent Morris: Late last week, crude oil prices took a nose dive. WTI (West Texas Intermediate, the benchmark crude rate for futures contracts in New York) declined 4.8 percent on Thursday, fueled by massive overnight (and overseas) sell-offs. That translated into a 7.7 percent dive for the week to date.
NYSE:USO May 14, 2017 7:14am

Oil Volatility Rises As OPEC Discusses Production Cut Extension

From Brian Noble: "Well he would say that, wouldn’t he,” said Mandy Rice Davies at the time of the Profumo scandal, 1963.
NYSE:USO May 12, 2017 6:35am

Crude Oil Snaps Down Trend, Suddenly Looks Bullish Here

Image of an oil derrick with blue sky
From Corey Rosenbloom: After a horrid intraday downtrend collapsed price from $54.00 to $45.00 per barrel, Crude Oil finally snapped the downtrend with an impulsive breakout today.
NYSE:USO May 11, 2017 5:53am

Oil Finally Bounces On Biggest Inventory Draw Of 2017

From Julianne Geiger: The American Petroleum Institute (API) reported a hefty draw of 5.789 million barrels in United States crude oil inventories, compared to analyst expectations that markets would see a crude oil draw of 1.8 million barrels for the week ending May 5.
NYSE:USO May 10, 2017 6:03am

Hedge Funds Could Push Oil Prices Even Lower

From Nick Cunningham: Andurand Capital reportedly liquidated all of its bullish bets on crude oil in recent days after posting steep losses so far this year. The fund is led by Pierre Andurand, who became notable after correctly predicting the oil price spike in 2008, so the market tends to closely watch what his hedge fund does on oil.
NYSE:USO May 9, 2017 6:33am

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