Is Crude Oil At Risk Of A Major Correction Soon? (USO)

oil-derrick2
From Nick Cunningham: Oil prices touched a more than two-and-a-half-year high this week, but have faltered mid-week. Market sentiment is more bullish than it has been in a long time, but the risk of falling back is still very much alive.
NYSE:USO November 9, 2017 6:10am

How Much Longer Can The Crude Oil Rally Last? (USO)

oil-derrick
From Corey Rosenbloom: It's the Crude Oil Surge and Breakout! Price reversed up off a key inflection point on positive divergences to set the stage for a bullish rally.
NYSE:USO November 8, 2017 6:19am

Crude Oil Now Faces Strong Technical Resistance Test (USO)

oil-barrels
From Chris Kimble: Crude oil has been strong of late. Did you realize that crude oil has gained more in the past month than the S&P 500 has this year?
NYSE:USO

Can Crude Oil Hit $70 In 2018? (USO)

Tubes running in the direction of the setting sun. Pipeline transportation is most common way of transporting goods such as Oil, natural gas or water on long distances.
From Art Berman: Comparative inventory (C.I.) has been dramatically reduced in 2017. Levels have fallen 159 mmb since February and are now approaching the 5-year average for the first time in nearly 3 years.
NYSE:USO November 7, 2017 6:23am

What Will OPEC Do With Oil At $60 Per Barrel?

opec-logo
From Irina Slav: Last week, a Bloomberg energy journalist tweeted from Riyadh, wondering why there are no mass celebrations of the fact that Brent was coming closer to $60 a barrel.
NYSE:USO November 6, 2017 10:58am

Is $60 The New Baseline For Oil Prices? (USO)

Tubes running in the direction of the setting sun. Pipeline transportation is most common way of transporting goods such as Oil, natural gas or water on long distances.
From Tom Kool: Oil prices were mostly flat this week, but held onto their gains at a roughly two-year high. It is not clear if the gains can continue, but the fact that Brent has avoided a retracement back below $60 per barrel is good news for oil bulls.
NYSE:USO November 5, 2017 7:53am

Why OPEC Will Disappoint Oil Traders Next Month (USO)

oil drum
From JR Crooks: In 27 days, the Organization of the Petroleum Exporting Countries will meet again in Austria. There, "The Cartel" will officially announce the future of its agreement to cut oil production.
NYSE:USO November 4, 2017 7:46am

Oil’s Place Atop The Energy World Will Soon End (USO)

oil-barrels
From Andreas De Vries: The history of crude oil and natural gas is a history of technological innovation. Until recently the innovation supported crude oil and natural gas. Now, it challenges it, causing structural changes in the crude oil and natural gas markets.
NYSE:USO November 3, 2017 6:27am

Why Oil Bulls Are Back In Control Of The Market (USO)

Image of statue of a bull
From Nick Cunningham: Brent crude has successfully consolidated its position above $60 per barrel this week, and WTI is approaching $55 per barrel, which would be the highest oil price in more than two years.
NYSE:USO November 2, 2017 6:14am

Massive Crude Draw Spurs Another Oil Price Rally (USO)

oil-barrels
From Julianne Geiger: The American Petroleum Institute (API) reported a huge draw of 5.087 million barrels in United States crude oil inventories, largely in line with an S&P Platts' survey of analysts that expected inventories would draw down by 1.4 million barrels for the week ending October 27--continuing the extended drawdown in recent weeks.
NYSE:USO November 1, 2017 6:10am

Can Oil’s Latest Rally Last? (USO)

Oil Pumps
From Nick Cunningham: Brent is back at $60 for the first time in more than two years, but the big question is: Can crude hold onto its gains?
NYSE:USO October 31, 2017 6:27am

Analysts Are Suddenly Bullish On Oil Again (USO)

oil-barrels
From Tsvetana Paraskova: Just a few of months ago, analysts and investment banks slashed their oil price forecasts as OPEC's production cuts drew down the global oil oversupply slower than initially expected, and rising U.S. shale production capped any short-lived oil price gains.
NYSE:USO October 30, 2017 6:00am

Oil Prices Surge To Six-Month Highs (USO)

oil-derrick2
From Tom Kool: With Brent prices briefly breaking the $60 mark on Friday morning, there is a cautious optimism in the oil market.
NYSE:USO October 29, 2017 6:17am

Here’s Why Oil And Natural Gas Prices Are Diverging (USO)

Tubes running in the direction of the setting sun. Pipeline transportation is most common way of transporting goods such as Oil, natural gas or water on long distances.
From Kent Moors: Almost from the start of modern trading of futures contracts in the early 1980s, there's been an expected trading connection between crude oil and natural gas.
NYSE:USO October 27, 2017 7:29am

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