From Tyler Durden: There are certain benefits when the president of the US is BFFs with the ruling Saudi regime, especially when the price of oil rises so high it threatens to not only undo the US president's tax reform, but to slowdown the overall economy even as said president is injecting a $1 trillion fiscal stimulus in it.
From John Rubino: Here's a new indicator for you: It seems that the difference between the price of oil here and abroad is a measure of tightness in the market, with a rising spread indicating higher prices in the future, with all the inflationary pressures that that implies. NYSE:USO May 24, 2018 6:33am
From Zacks: By now, the year 2018 can easily be attributed to the oil ascent. Tailwinds one-after-another are favoring the liquid commodity. Among the many tailwinds, concerns over Venezuela production have given a boost to oil. Brent crude spiked to about $80 per barrel lately for the first time since 2014. NYSE:USO May 23, 2018 6:37am
From Jill Mislinski: It's time again for our weekly gasoline update based on data from the Energy Information Administration (EIA). The price of Regular and Premium were up five and four cents, respectively, from last week.
From EconMatters: Calling it "a horrible one-sided deal that should have never, ever been made", President Trump declared last Tuesday that the U.S. will pull out of the Iran nuclear deal made under the Obama administration. The United States is now preparing to reinstate all sanctions along with additional economic penalties on Iran. NYSE:USO May 21, 2018 6:36am
For more than a week now, West Texas Intermediate (WTI) crude oil has been trading north of $70 per barrel, a level we haven't seen since November 2014. Gas prices are likewise trending up, as I'm sure you've noticed. NYSE:USO May 18, 2018 6:21am
From Tyler Durden: WTI/RBOB extended gains overnight (WTI at 3.5yr highs) following Trump's Iran decision and a surprise crude drawreported by API, and DOE data confirmed the draw (even larger) along with gasoline and distillate draws. NYSE:USO May 10, 2018 6:30am
From Zacks: Oil prices surged to their highest levels since 2014 amid increasing demand, rising geopolitical risks and concerns that Trump administration could withdraw from the Iran nuclear deal. NYSE:USO May 8, 2018 6:24am
From Chris Vermeulen: Our recent analysis of the US Dollar has presented a very unique and interesting setup for traders - an opportunity for a general commodity rally with Oil leading the way. NYSE:USO May 6, 2018 6:42am