Was 2017 The Year Of Peak Oil Demand? (USO)

Image of oil drums
From Gregory Brew: It's possible that 2017 may go down as the year when the concept of peak oil demand went from speculation to potential reality, as companies and energy analysts began estimating when demand growth for oil would begin to taper off.
NYSE:USO November 19, 2017 7:56am

Analyst: Oil Prices Could Double If Middle East Conflict Intensifies (USO)

Oil Pumps
From Peter Tertzakian: Barrel traders recently pushed the price of West Texas Intermediate (WTI) oil above $US 55; the first time in over two years.
NYSE:USO November 17, 2017 6:18am

Oil Prices Slide Again As Inventories Continue Recent Build (USO)

oil-derrick
From Irina Slav: A day after the American Petroleum Institute took the market by surprise reporting a 6.513-million-barrel build in inventories, the Energy Information Administration confirmed inventories had risen last week but by "just" 1.9 million barrels.
NYSE:USO November 16, 2017 6:29am

Oil Prices Are Plunging Amid A Shocking Inventory Build-Up (USO)

Image of oil drums
From Julianne Geiger: The American Petroleum Institute (API) reported a shocking build of 6.513 million barrels of United States crude oil inventories, against a Wall Street Journal analyst expectation that inventories would draw down by 1.4 million barrels for the week ending November 10.
NYSE:USO November 15, 2017 9:12am

An OPEC Oil Production Deal Extension Is Far From A Certainty (USO)

opec-logo
From Irina Slav: A year ago this week, markets reeled from the surprise election of U.S. president Donald Trump, and eagerly awaited OPEC's November meeting as the last hope for an oil price rally.
NYSE:USO November 14, 2017 6:12am

Why The Shale Oil Boom May Not Last Much Longer (USO)

shale-oil
From Tsvetana Paraskova: The world's hottest shale basin, the Permian, is leading the second U.S. wave of tight oil production growth and will continue to do so for years to come, all analysts say.
NYSE:USO November 13, 2017 5:57am

U.S. Shale’s Influence On Oil Prices Is Waning (USO)

oil-barrels
From Tom Kool: Oil prices showed some weakness mid-week on news that U.S. oil production jumped, but benchmark prices firmed up on Thursday, sending WTI and Brent to their fifth consecutive weekly advance.
NYSE:USO November 12, 2017 6:52am

Oil’s Death Has Been Greatly Exaggerated (USO)

Image of oil drums
From Peter Tertzakian: The world isn't reinventing the wheel. But we are changing how it turns, who it carries and where it's going.
NYSE:USO November 11, 2017 7:41am

Will Oil Crash Again If OPEC Fails To Extend Its Deal? (USO)

oil drum
From Tsvetana Paraskova: OPEC is declaring victory in its efforts to rebalance supply and demand and bring the oil market back to stability--its favorite proxy buzzword for less volatile and relatively high oil prices.
NYSE:USO November 10, 2017 6:22am

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)

oil-derrick2
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.
NYSE:USO

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

oil-derrick
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

Crude Oil Now Faces Strong Technical Resistance Test (USO)

oil-barrels
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?
NYSE:USO

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.
NYSE:USO November 7, 2017 6:23am

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