Time To Buy The SPDR S&P Oil & Gas ETF (XOP)?

Image of an oil derrick with blue sky
From Tsvetana Paraskova: Oil stocks have been performing dismally this year, and oil prices have failed to sustain a rally, so why are these stocks still attractive? Low valuations and high dividend yields, say analysts.
NYSE:XOP August 21, 2017 5:58am

Oil Prices Aren’t Rising, Despite Bullish Fundamentals (USO)

From STS OTC Corp.: Global crude oil inventories are drawing rapidly. US crude supplies have dropped from 536m on in late March to 466m (a 20-month low) as of last week implying average daily draw downs of 518k bpd over the last 4.5 months.
NYSE:USO August 20, 2017 6:45am

No Matter How You Slice It, The Crude Oil Market Is Coming Into Balance (USO)

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From Steven Vannelli, CFA: As the title suggests, any way we slice the data, it appears that the crude oil market is coming into balance to a greater extent than is generally recognized. This has broad asset allocation implications.
NYSE:USO August 18, 2017 6:14am

Here’s One Reason To Be Bullish On Oil (USO)

From Nick Cunningham: One of the key objectives for OPEC is to bring down inventories, a goal that has been elusive this year. But if the oil futures curve is anything to go by, the oil market is showing signs of tightening.
NYSE:USO August 17, 2017 6:30am

Selling Pressure Just Won’t Abate For The Energy ETF (XLE)

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From Corey Rosenbloom: So far in 2017 we've seen relentless selling pressure in the Energy Select Sector SPDR ETF (NYSE:XLE).

Oil Prices Rally On Surprise Inventory Draw (USO)

From Julianne Geiger: The American Petroleum Institute (API) reported a major draw of 9.2 million barrels in United States crude oil inventories--the biggest draw since September 2016.
NYSE:USO August 16, 2017 6:35am

Lack Of Supply Could Be Oil’s Next Big Catalyst (USO)

From Nick Cunningham: Oil lost ground in the last few days on slipping OPEC compliance rates and fears of persistent oversupply. But the tightening of the oil market is still proceeding, and there are some signs that the more pessimistic projections about oil prices could be overblown.
NYSE:USO August 15, 2017 6:40am

Can Oil Hang On When The OPEC Deal Expires? (USO)

From Nick Cunningham: The oil market is still on track to rebalance, although the pace is "stubborn" and will still take some time, the IEA said in a new report.
NYSE:USO August 14, 2017 6:24am

Energy Markets Looking Better As Global Tensions Rise (XLE)

Image of oil derricks
From Kent Morrs: Much of my earlier career in intelligence was based on a simple assumption. It was the kind of approach the "craft" shares with a number of other pursuits.
NYSE:XLE August 13, 2017 7:16am

Oil’s Recent Bounce Appears To Be Over (USO)

From Tom Kool: Despite bullish conditions led by a huge drawdown in U.S. crude, oil prices were down at the end of the week following less than positive OPEC reports.
NYSE:USO August 12, 2017 6:37am

Futures Market Sending Bullish Message For Oil (USO)

Image of an oil derrick with blue sky
From Nick Cunningham: The EIA reported another strong week of inventory declines in its most recent data release, revealing a drawdown of 6.5 million barrels for the week ending on August 4. That means that the U.S. has now pulled more than 60 million barrels from storage since inventories peaked in March at 535 million barrels.
NYSE:USO August 11, 2017 9:57am

There’s Very Little Upside Left For Oil (USO)

From Nick Cunningham: Oil investors have grown more optimistic as of late, as oil prices have moved back to $50 per barrel. The market appears to be on sounder footing, suggesting that things will gradually tighten for the rest of the year. But it is unclear how far oil prices can really move above today's position.
NYSE:USO August 10, 2017 6:19am

Bulls Are Suddenly Lining Up For The SPDR S&P Oil & Gas ETF (XOP)

For the first time in recent recollection, we have seen some bullish looking options activity in the popular XOP (SPDR S&P Oil & Gas Exploration & Production, Expense Ratio 0.35%, $2 billion in AUM).
NYSE:XOP August 8, 2017 12:28pm

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