Oil At Two-Year Highs As Saudi Arabia Engages In Its Own “Game of Thrones”

Image of oil drums
Recently I identified five agents of change that I believe investors should know about right now. I'd like to add one more to the list: Mohammad bin Salman.
NYSE:USO November 9, 2017 2:02pm

Is Crude Oil At Risk Of A Major Correction Soon? (USO)

From Nick Cunningham: Oil prices touched a more than two-and-a-half-year high this week, but have faltered mid-week. Market sentiment is more bullish than it has been in a long time, but the risk of falling back is still very much alive.

How Much Longer Can The Crude Oil Rally Last? (USO)

From Corey Rosenbloom: It's the Crude Oil Surge and Breakout! Price reversed up off a key inflection point on positive divergences to set the stage for a bullish rally.
NYSE:USO November 8, 2017 6:19am

Big Oil Is Loving Crude’s Recent Recovery (XOP)

Image of an oil derrick with blue sky
From Irina Slav: Brent's close to $65 a barrel and WTI is climbing closer and closer to $60--and analysts are rushing to make bullish forecasts for the fourth quarter of the year.

Crude Oil Now Faces Strong Technical Resistance Test (USO)

From Chris Kimble: Crude oil has been strong of late. Did you realize that crude oil has gained more in the past month than the S&P 500 has this year?

Analyst: Lithium’s “Perfect Storm” To Bring Historic Demand, Price Gains (LIT)

From Collin Kettell: This is the first in a series of interviews discussing battery metals with Mike Beck, who is very knowledgeable in this sector.
NYSE:LIT November 7, 2017 6:26am

Can Crude Oil Hit $70 In 2018? (USO)

Tubes running in the direction of the setting sun. Pipeline transportation is most common way of transporting goods such as Oil, natural gas or water on long distances.
From Art Berman: Comparative inventory (C.I.) has been dramatically reduced in 2017. Levels have fallen 159 mmb since February and are now approaching the 5-year average for the first time in nearly 3 years.

Why Energy ETFs Have Plenty Of Upside (XLE)

Image of oil derricks
From Bryce Coward, CFA: As the famous Yogi Berre once said, "You can learn a lot just by watching". At the moment we are watching the price of oil break out of a trading range to the highest level in about 2.5 years.

Gasoline Prices Are Soaring Again (UGA)

From Jill Mislinski: It's time again for our weekly gasoline update based on data from the Energy Information Administration (EIA). The price of Regular and Premium are up seven and six cents each, respectively, from last week.

Leveraged Natural Gas ETN (UGAZ) Proving Very Popular Among Traders These Days

Last week we pointed out recent inflows in a levered Bull Natural Gas linked product from VelocityShares, UGAZ (3X Long Natural Gas ETN, Expense Ratio 1.65%, $975 million AUM), as the fund has reeled in nearly $200 million since the second to last week in October via creation activity.
NYSE:UGAZ November 6, 2017 12:09pm

What Will OPEC Do With Oil At $60 Per Barrel?

From Irina Slav: Last week, a Bloomberg energy journalist tweeted from Riyadh, wondering why there are no mass celebrations of the fact that Brent was coming closer to $60 a barrel.

Is $60 The New Baseline For Oil Prices? (USO)

Tubes running in the direction of the setting sun. Pipeline transportation is most common way of transporting goods such as Oil, natural gas or water on long distances.
From Tom Kool: Oil prices were mostly flat this week, but held onto their gains at a roughly two-year high. It is not clear if the gains can continue, but the fact that Brent has avoided a retracement back below $60 per barrel is good news for oil bulls.
NYSE:USO November 5, 2017 7:53am

Oil Is Suddenly Red Hot Again (UCO)

From Julianne Geiger: Baker Hughes has reported that the number of oil and gas rigs in the United States fell for yet another week, this time dipping 11 rigs--most of which was a loss to the number of oil rigs--the largest decline in the number of oil rigs this year.
NYSE:UCO November 4, 2017 7:57am

Why OPEC Will Disappoint Oil Traders Next Month (USO)

oil drum
From JR Crooks: In 27 days, the Organization of the Petroleum Exporting Countries will meet again in Austria. There, "The Cartel" will officially announce the future of its agreement to cut oil production.

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