Why Oil (USO) Might Be Presenting A Major Buying Opportunity

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From Martin Tiller: Those new to financial markets, and energy trading in particular, were probably somewhat puzzled by the price action in oil futures this week following the announcement by OPEC and some influential non-OPEC nations that they are extending the production cuts agreed last year for another nine months, until the end of Q1 2018.
NYSE:USO May 29, 2017 6:34am

Oil Companies Could Go Bankrupt If Oil Falls, Stays Below $45 (USO)

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From Tsvetana Paraskova: Technological advances and deflationary pressure from the downturn have resulted in an 8-percent drop in global average unit production cost to US$30 per barrel of oil equivalent in 2016, which implies that the industry needs the price of oil at US$45 to break even in aggregate, according to a Bernstein Research survey of the 50 biggest listed global oil and gas companies.
NYSE:USO May 27, 2017 7:20am

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

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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

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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

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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?

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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

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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

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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

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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

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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

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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?

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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

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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

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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

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