Oil Rig Count Drops As Crude Cools Off (USO)

Oil Pumps
From Julianne Geiger: The number of active oil and gas rigs fell this week, according to Baker Hughes data, decreasing by 3 total rigs. This brings the total number of oil and gas rigs to 936, which is an addition of 242 rigs year over year.
NYSE:USO January 20, 2018 5:55am

Venezuela Just Suffered The Largest Oil Collapse In History (USO)

oil-tank-1526016-640x480
From Nick Cunningham: Venezuela's oil production plunged to new lows in December, surprising even some of the most pessimistic forecasts.
NYSE:USO January 19, 2018 6:09am

Are Speculators Pushing Crude Oil Prices Too High? (USO)

Image of an oil derrick with blue sky
From Nick Cunningham: Hedge funds and other money managers continue to gobble up bullish bets on oil futures, but the speed with which spot prices have risen in the past few weeks raises the prospect of a short-term correction.
NYSE:USO January 18, 2018 6:29am

Oil Speculators Are Placing Record Bets On Higher Crude Prices (USO)

oil drum
From Dana Lyons: Speculators have established their largest ever net long position in crude oil futures; are they about to get drilled?
NYSE:USO January 17, 2018 6:17am

What Could Cause The Next Oil Price Rally (USO)

oil600X300
From Irina Slav: The oil glut is over, at least when it comes to U.S. commercial inventories: over the past two months they have been within the average range for the season, thanks to hefty draws.
NYSE:USO January 16, 2018 6:09am

How Political Turmoil Could Push Oil Above $70 (USO)

oil gas 600X300
From Tsvetana Paraskova: Two of this week's main market highlights were the continued oil prices rally--with Brent touching above $70 a barrel on Thursday for the first time since December 2014--and a sell-off of U.S. Treasury bonds in the middle of the week.
NYSE:USO January 14, 2018 7:11am

China’s Plunging Crude Imports Bound To Hurt Oil Prices (USO)

Image of oil drums
From Irina Slav: China imported 12 percent less crude oil in December than in November, when crude imports had hit a record high, sparking immediate concern about demand from one of the world's top consumers.
NYSE:USO January 13, 2018 5:16am

Why $60 Oil Won’t Last Much Longer (USO)

oil-derrick2
From Peter Tertzakian: U.S. oil prices are treading water above $US 60/B (WTI) again, the first time since 2015.
NYSE:USO January 12, 2018 5:11am

Oil Supplies Could Plunge Soon, Amid Continued Chaos In Venezuela (USO)

oil-barrels
From Nick Cunningham: Venezuela's oil production has been falling for years, but 2018 could mark a new, darker chapter for the South American nation.
NYSE:USO January 11, 2018 6:21am

Oil Prices Spike Amid Extremely Large API Crude Oil Draw (USO)

oil drum
From Julianne Geiger: The American Petroleum Institute (API) reported a staggeringly large draw of 11.19 million barrels of United States crude oil inventories for the week ending January 5, marking six large draws in as many weeks, according to the API data.
NYSE:USO January 10, 2018 6:09am

What Could Lead To A Major Oil Price Correction In 2018? (USO)

oil-tank-1526016-640x480
From Tsvetana Paraskova: Oil prices rallied in the first week of 2018, supported by increased geopolitical risk and severely cold weather in the eastern U.S., but the 'perfect storm' that pushed oil prices higher also raises the risk of a correction and of heightened herd mentality in trade, analysts reckon.
NYSE:USO January 9, 2018 6:30am

Oil’s Next Stop Could Be $70 (USO)

oil-derrick
From Nick Cunningham: The protests in Iran have helped push oil prices up to fresh multi-year highs this week, but a lot of questions remain about the durability of the oil price rally.
NYSE:USO January 8, 2018 6:12am

Oil Rally Sputters To Start The New Year (USO)

Image of an oil derrick with blue sky
From Tom Kool: After a strong start to 2018, oil prices fell back a bit on Friday.
NYSE:USO January 6, 2018 7:40am

Oil Supplies Could Be Limited Amid Record Northeast Snowstorm (USO)

oil-tank-1526016-640x480
From Zainab Calcuttawala: The past week of continuous record low temperatures and snowfall has oil-dependent power plants in the northeast scrambling to secure supplies of some of the dirtiest burning oil available in the market due to an impending supply shortage, according to a new report by Hellenic Shipping News.
NYSE:USO January 5, 2018 5:50am

Get Free Updates

Join over 50,000 investors who get the latest news from ETFDailyNews.com!

Most Popular


From Our Partners


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