Tag Archives for: NYSE:USO
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Oil Term Structure Favors Higher Prices

Crude oil continues to take the stairs to new highs Term structure tightens- Bonus time for the front-to-back crowd Brent-WTI rises- More gains on the horizon as US production declines Upside targets for crude oil in 2021 A commodity’s market…
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NYSE:USO January 19, 2021 11:03am

Crude Oil Reaches $50, Bullish Trend Confirmed

A surprise “gift” from Saudi Arabia on January 5 pushes crude oil through $50 The Georgia runoff election result is bullish for crude oil The technical levels to watch for as crude oil continues to take the stairs higher 2020…
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NYSE:USO January 12, 2021 9:44am

Exciting 2021 On The Horizon for Crude Oil

An over $100 trading range in nearby NYMEX futures in 2020 Lots of price action ahead in 2021 The US and global politics could light a bullish fuse The financial landscape is bullish for crude oil, but it could be…
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NYSE:USO January 4, 2021 10:15am

Shifting Dynamics Should Lead to Gains in 2021 for Crude Oil

Shifting energy dynamics Crude oil is still the king of the energy sector Bullish short-term- Politics will create volatility in 2021 Many markets tend to take the stairs higher and an elevator lower. In the stock market, the reason the…
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NYSE:USO December 28, 2020 9:26am

Crude Oil Facing Short-Term Headwinds

Crude oil rises to its highest price since early March Resistance at the half-century mark in NYMEX crude oil futures Inventory data is not bullish- Tightness in the forward curve An end to the pandemic is bullish, and so is…
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NYSE:USO December 21, 2020 9:50am

How High Can Crude Oil Go?

The OPEC+ news was bullish The new administration’s energy policy will be bullish The trend is higher- Expect a post-pandemic rally in 2021 Short-term bullish, long-term ugly 2020 has been a very volatile year in the crude oil market. At…
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NYSE:USO December 14, 2020 10:19am

Oil Rally Continues As OPEC Extends Production Cuts

OPEC+ tapers and extends output cuts into 2021- The market breathes a sigh of relief Crude oil continues to sit near the recent high Expect a significant taper in 2021 as the dollar, liquidity, stimulus, and US energy policy are…
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NYSE:USO December 7, 2020 10:40am

Seeds Being Planted for Big Move in Crude Oil

The bearish case- Risk-off, gridlock, and seasonality The bullish case- Vaccines, stimulus, a shift in US production policy, and the Middle East A false break lower- A return to the midpoint- A reckoning because of the massive level of inflationary…
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NYSE:USO November 23, 2020 11:27am

Crude Oil Jumps 9% Higher Following Positive Vaccine News

The future for the world’s leading producer of crude oil Fracking and regulation over the coming years Price dynamics for crude oil in the post-COVOD-19 world In March 2020, US crude oil output rose to a record 13.1 million barrels…
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NYSE:USO November 9, 2020 1:22pm

Three Factors IMPACTING Oil in the Coming Months

November 3 is a significant day for the oil market A COVID-19 vaccine and the return of pent up demand The economic legacy of 2020 could become a powerful force for the energy commodity The path of least resistance to…
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NYSE:USO October 26, 2020 10:14am

Crude Oil ‘Coiling Like a Spring’, Election Likely to Have Big Impact

The energy commodity has a long history of taking the stairs higher and an elevator shaft to the downside The $40 level reflects over four months of price consolidation A referendum on energy policy for the world’s leading producer comes…
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NYSE:USO October 20, 2020 9:34am

Another Tropical Storm Bails Out the Oil Market

NYSEA:USO October 12, 2020 9:16am

The Bull and Bear Case for Crude Oil

Demand remains weak- The distillate crack sends a signal Significant production cuts were necessary to balance the market Commodity prices are leaning higher The global economic landscape points to inflationary pressures Crude oil has been trading around its $40 pivot…
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NYSE:USO October 5, 2020 10:06am

Oil Testing Lower End of Range

NYMEX crude oil trades around the $40 per barrel pivot point Historical volatility rises in the oil market The election should keep price variance high over the rest of 2020 Bullish and bearish factors continue to pull the price of…
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NYSE:USO September 29, 2020 1:06pm

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