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

oil drum
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

Assessing The State Of The Agricultural ETFs Space (DBA)

agriculture 600X300
Several weeks back we profiled the largest “Agriculture” based ETP in the U.S. marketplace, as the fund was toiling at 52-week lows before regaining some life throughout late April and the month of May.
NYSE:DBA May 26, 2017 1:04pm

Inside Silver’s Secret, Developing Bull Market (SLV)

From Sean Brodrick: Do you think silver is poised to go higher? I sure do. That’s because I’m watching what is going on in the world’s silver ETFs. I’m also watching the mountain of forces that are piling up to push the metal higher.

Crude Oil ETFs Plunge Amid Oil’s Latest Technical Breakdown (UCO)

From Corey Rosenbloom: If you wanted some instant volatility in Crude Oil, you got your wish this morning!
NYSE:UCO May 25, 2017 2:05pm

Goldman Says Oil (USO) Will Plunge Once OPEC Deal Expires

Image of oil drums
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.

Base Metals Should Benefit In A Rising Rate Environment (DBB)

Image of construction steel rebar
From Streetwise Reports: Tom Beck, senior editor of Portfolio Wealth Global, says in times of rate hikes, industrial metals rise fastest, and in today's world, the type of metals in highest demand by China are going to rise the most.
NYSE:DBB May 24, 2017 7:35am

What Oil (USO) Investors Can Expect From This Week’s OPEC Meeting

oil drum
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

Commodities Enter Rally Mode As U.S. Dollar Sinks (DBC)

From Taki Tsaklanos: Commodities are getting a boost since the U.S. dollar started to break down last week. Note that this is a tactical breakdown in the dollar, not a secular one.

As OPEC Weighs Extension, Time To Get Bullish On Oil Producers? (XOP)

Image of oil derricks
From Dan Dicker: No need to bury the lede in this week’s column: OPEC will extend production guidelines in next week’s meeting in Vienna, and extend them even more than originally planned.
NYSE:XOP May 22, 2017 6:40am

Can Crude Oil (USO) Survive Upcoming Car Ownership Plunge, Electric Revolution?

Image of an oil derrick with blue sky
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

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

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

Trump’s Latest Political Mess Helps Push Gold Prices Higher

From Mark O'Byrne: Gold prices rose for a fifth day to a two week high in early European trading on increasing U.S. political risk pertaining to the Trump Presidency and the increasing risk of impeachment and a U.S. political civil war.
NYSE:GLD May 17, 2017 8:39am

USO Bounce Proves Short-Lived, As Oil’s Draw Streak Ends

Image of oil derricks
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.

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