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

crude-oil-tanker
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.
NYSE:USO

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

opec-logo
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

oil-derrick
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

Elon Musk’s Cousin, Former SolarCity CEO, Is Leaving Tesla Inc

tesla-logo
From Tyler Durden: Last June, when Tesla unexpectedly announced it would acquire the cash burning behemoth that was SolarCity, which at the time was run by Lyndon Rive, a cousin of Elon Musk, many quickly alleged the transaction was nothing short of a less than "arm's length" bailout by Musk of both SolarCity and Rive.
NASDAQ:TSLA May 16, 2017 6:59am

Oil’s Recent Collapse Proves The Machines Are In Charge

crash
From David Yager: For an industry suffering from Post-Traumatic Stress Disorder (PTSD) almost 2.5 years after the oil price collapse, May 4 was a very long day.
NYSE:USO

Oil Surges On OPEC Extension News, But Will The Deal Work?

oil drum
From Tyler Durden: Goldman Sachs, which has been pushing for higher oil prices with seemingly daily bullish research reports for the past month, and which underwrote the last Saudi Arabian bond issue and is expected to also manage the Aramco IPO (explaining the bank's conflict of interest), released a note commeting on the latest development in the oil market, which sent the price of crude higher by 3% after Saudi and Russia oil minister agreed to extend the OPEC production cuts by another 9 months through the end of Q1 2018.
NYSE:UCO May 15, 2017 9:56am

Why Oil Should Be Priced Between $60 And $70

oiltanker
From Dan Steffens: Before we get into this topic, let me remind readers that crude oil prices are determined on the global market and natural gas & natural gas liquids (“NGLs”) trade on regional markets. The vast majority of upstream oil & gas companies produce a mixture of these three commodities.
NYSE:USO

Was Last Week’s Oil Crash Inevitable?

oil600X300
From Kent Morris: Late last week, crude oil prices took a nose dive. WTI (West Texas Intermediate, the benchmark crude rate for futures contracts in New York) declined 4.8 percent on Thursday, fueled by massive overnight (and overseas) sell-offs. That translated into a 7.7 percent dive for the week to date.
NYSE:USO May 14, 2017 7:14am

How To Profit From Oil’s Next Big Crash

Image of oil drums
From Mike Burnick: Way back in October, my colleague Larry Edelson accurately called the fate of OPEC’s efforts to depress oil production as well as lift oil prices.
NYSE:SCO May 13, 2017 7:05am

Can Solar Shingles Help Swing Tesla Back To Profitability?

tesla-logo
From Nick Cunningham: To much fanfare, Tesla’s Elon Musk unveiled his company’s newest creation this week -- the solar roof.
NASDAQ:TSLA May 12, 2017 9:05am

Recommended for You

Explore More from ETFDailyNews.com

Free Daily Newsletter

Get daily ETF insights from our market experts. Never miss another important market development again!

ETFDailyNews.com respects your privacy.

Best ETFs

We've rated and ranked nearly 2,000 ETFs and ETNs using our proprietary SMART Grade system.

View Top Rated ETFs

Best Categories

We've ranked dozens of ETF categories based on relative performance.

Best ETF Categories