Surprise Oil Draw Sends Crude Prices Even Higher (USO)

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From Irina Slav: The Energy Information Administration offered jittery oil markets respite Wednesday by reporting a draw of 4.7 million barrels in U.S. commercial oil inventories.
NYSE:USO July 20, 2017 5:46am

Oil Bounce Continues, Despite Rising Inventories (USO)

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From Julianne Geiger: The American Petroleum Institute (API) reported a build of 1.628 million barrels in United States crude oil inventories, compared to analyst's expectations that this week would see a draw of 3 million barrels for the week ending July 14.
NYSE:USO July 19, 2017 6:26am

Oil’s Next Stop: $50 Per Barrel (USO)

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From Nick Cunningham: "I think there is a high probability that we could see [WTI] rallying back to $50," Bob Parker, member of the investment committee at Quilvest Investment Management, said on Bloomberg TV.
NYSE:USO July 18, 2017 6:34am

OPEC’s Oil Production Cuts Have Officially Failed (USO)

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From Irina Slav: One commodity analyst got it right: the OPEC cuts would not work. After November last year when the oil cartel announced its agreement with Russia and 11 other producers to curb production in a bid to prop up prices, the overwhelming mood was optimistic.
NYSE:USO July 17, 2017 6:14am

Oil Posts Solid Weekly Gains, But They Won’t Last (USO)

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From Tom Kool: Oil prices posted some solid gains this week, but with the market outlook remaining gloomy, a continuation of this upward trend looks unlikely to last long.
NYSE:USO July 15, 2017 7:23am

OPEC Oil Production Is Rising, Violating Landmark Pact (USO)

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From OilPrice.com: OPEC's grip on the oil market seems to be slipping away, as its newest Monthly Oil Market Report shows production rising, despite cuts.
NYSE:USO July 14, 2017 10:52am

Even Bullish News Can’t Inspire Oil Prices (USO)

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From Tsvetana Paraskova: The sentiment in the oil market has soured so much over the past two months that investors seem to be reacting to every piece of bearish news, and largely ignoring bullish signs from the industry.
NYSE:USO July 13, 2017 6:44am

Unexpectedly Large Crude Draw Pushes Oil Higher (USO)

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From Julianne Geiger: The American Petroleum Institute (API) reported a huge draw of 8.133 million barrels in United States crude oil inventories, compared to analyst's expectations that this week would see a much more modest draw of 2.99 million barrels for the week ending July 7.
NYSE:USO July 12, 2017 6:56am

OPEC’s Empty Promises Can’t Save Oil (USO)

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From Zainab Calcuttawala: High demand for air conditioning and fuel for road trips make summer the best time for the Organization of Petroleum Exporting Countries (OPEC) to cut production or exports to end or lessen the supply glut that has plagued oil markets for three years.
NYSE:USO July 11, 2017 8:38am

No Reason To Expect An Oil Rally This Year (USO)

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From Nick Cunningham: The oil market is suffering from whip lash. After plunging close to $42 per barrel in late June, and officially entering a bear market, WTI has gained nearly 10 percent in two weeks. By the end of this past week, however, prices were down again.
NYSE:USO July 10, 2017 6:30am

Has Oil Finally Bottomed? (USO)

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From David Dutkewych: The second quarter was another painful one for the energy markets. Crude-oil futures fell almost 11%.
NYSE:USO July 9, 2017 7:18am

Examining Oil’s Dead Cat Bounce (USO)

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Crude Oil and linked ETFs have been very active this week not to mention volatile.
NYSE:USO July 7, 2017 11:03am

OPEC Throws A Wet Blanket On Recent Oil Rally (USO)

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From Nick Cunningham: The rally in oil prices over the past two weeks came to a halt on Wednesday on news that OPEC is actually exporting more oil than previously thought.
NYSE:USO July 6, 2017 6:27am

Short Covering A Big Factor In Oil’s Rebound (USO)

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From Tom Kool: Fueled by a bout of short covering, oil prices continue to climb towards $50 as some analysts now see more upside than downside.
NYSE:USO July 5, 2017 6:15am

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