Is The Oil Rally Over Now? (USO)

Image of oil drums
From Nick Cunningham: Financial markets found their footing on Tuesday, although ongoing volatility shows that we are not out of the woods yet. For oil prices, the danger is even more acute, as the soaring rally over the past two months could be in danger of unraveling.
NYSE:USO February 7, 2018 6:57am

Oil Plunges As Financial Chaos Spreads To Energy Markets (USO)

oil drum
From Nick Cunningham: Oil prices fell back suddenly over the last few trading sessions, dragged down by some forces beyond the oil market.
NYSE:USO February 6, 2018 6:04am

Rising Inventories A Constant Threat To Crude Oil Prices (USO)

oil-barrels
From Nick Cunningham: U.S. crude oil inventories jumped this past week for the first time in nearly three months, rising by 6.7 million barrels. The inventory increase, coming at a time of surging U.S. oil production, could rattle the oil price rally.
NYSE:USO February 5, 2018 5:53am

Oil Prices Flatten Out Amid High OPEC Compliance, Rising Shale Output (USO)

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From Tom Kool: Oil prices see-sawed over the past few days, but closed out the week flat compared to last week. High OPEC compliance and falling Venezuelan production more or less offset surging output from U.S. shale and an uptick in inventories.
NYSE:USO February 4, 2018 6:51am

Why Oil Could See Even More Upside Heading Into Summer (USO)

Oil Pumps
From Nick Cunningham: "The rebalancing of the oil market has likely been achieved, six months sooner than we had expected."
NYSE:USO February 2, 2018 5:22am

Rising OPEC Production Could Threaten Oil’s Rally (USO)

opec-logo
From Zainab Calcuttawala: OPEC output in January rose, despite declining production in Venezuela in the same month, a new Reuters report says.
NYSE:USO February 1, 2018 6:24am

Crude Oil Prices Tumble As Inventories Rise Again (USO)

oil-barrels
From Julianne Geiger: The American Petroleum Institute (API) reported a moderate build of 3.229 million barrels of United States crude oil inventories for the week ending January 23, according to the API data.
NYSE:USO January 31, 2018 6:30am

These Factors Could Cause Oil To Plunge Again (USO)

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From Nick Cunningham: The bullish forces helping to push crude benchmarks up to their highest levels in years could be running into trouble.
NYSE:USO January 30, 2018 6:05am

Can Anything Stop This Oil Rally? (USO)

Image of an oil derrick with blue sky
From Tom Kool: Oil prices rose last week on the back of a weakening dollar - thanks to comments from the U.S. Treasury Secretary supporting a weaker greenback - and ongoing declines in U.S. inventories.
NYSE:USO January 28, 2018 6:41am

A Weak U.S. Dollar Is Helping Drive Oil Prices Higher (USO)

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From Nick Cunningham: Defying gravity, WTI and Brent soared to new heights this week, pushed along by an unlikely ally: U.S. Treasury Secretary Steven Mnuchin.
NYSE:USO January 26, 2018 6:30am

What Could Push Oil Back To $100 Per Barrel? (USO)

Image of oil drums
From Irina Slav: If anyone thought the latest oil market outlooks of the EIA and the IEA are upbeat, here's an even more upbeat one from Energy Aspects: The consultancy expects crude demand this year to grow by 1.7 million bpd, and says Brent could touch above $100 a barrel in 2019.
NYSE:USO January 25, 2018 5:26am

Oil Prices Cool As API Reports Surprise Crude Inventory Build (USO)

oil-barrels
From Julianne Geiger: The American Petroleum Institute (API) reported a surprise build of 4.755 million barrels of United States crude oil inventories for the week ending January 17, ending the streak of seven large draws in the previous seven weeks, according to the API data.
NYSE:USO January 24, 2018 6:30am

This Factor Could Lead To An Oil Price Reversal Soon (USO)

shale-oil
From Olgu Okumus: Last Friday, oil prices surpassed $70 per barrel. With OPEC's decision to reduce oil production, oil prices continue their rise.
NYSE:USO January 23, 2018 6:10am

What Could Derail The Oil Price Rally This Year? (USO)

crude-oil-tanker
From Nick Cunningham: The oil price rally could get derailed by "explosive" growth from U.S. shale in 2018, and "substantial gains" in Canada and Brazil will also add to the supply woes.
NYSE:USO January 22, 2018 6:18am

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