Why Oil Could Go To $100 Soon

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According to a recent Cornerstone Macro report, the three most influential macro trends this year have been 1) the strengthening U.S. dollar, 2) the flattening yield curve and 3) slowing global manufacturing expansion.
NYSE:USO October 10, 2018 6:29am

Why Oil Has Likely Topped

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From Chris Vermeulen: Our research team, at Technical Traders Ltd., has been very interested in Oil recently as the current rally appears to have rotated lower near a top.
NYSE:USO October 8, 2018 6:43am

What Happens To Oil During The Inevitable Credit Crunch

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From Streetwise Reports: Technical analyst Clive Maund looks at the factors that he sees are behind a massive credit crunch and discusses how the markets could react.
NYSE:USO October 5, 2018 6:24am

Not All Commodity ETFs Have Been Weak This Year

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From Zacks: Commodities' weak performance continued in the third quarter, marking the longest losing streak in more than three years.
NYSE:USO October 4, 2018 6:31am

No, Oil Prices Aren’t Going Back To $100

Oil Pumps
From Tyler Durden: The breakout in Brent crude prices above $80 this week has prompted analysts at the sell side banks to start talking about a return to $100 a barrel oil.
NYSE:USO September 28, 2018 6:23am

OPEC, Russia Refuse To Boost Oil Production, Despite Trump’s Demands

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From Tyler Durden: Less than three months after Trump's latest tweet slamming OPEC, in which he warned the petroleum cartel that it must "REDUCE PRICING NOW!", Trump was at it again and on Thursday morning, with Brent hitting $80 per barrel and higher gasoline prices creating another headache for Republicans ahead of the midterm elections, the president lashed out at OPEC, saying that the US protects the countries of the Middle East, and warning these nations that "they would not be safe for very long without us, and yet they continue to push for higher and higher oil prices! We will remember."
NYSE:USO September 25, 2018 6:36am

Surprise Inventory Build Sends Crude Prices Lower

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From Tyler Durden: WTI prices rebounded back above $69 today after Saudi headlines and inched higher still into the API print. However, prices slipped lower after crude inventories saw a surprise build of 1.25mm barrels (vs expectations of a 2.5mm draw).
NYSE:USO September 19, 2018 6:10am

Oil Prices Are Stagnating Again

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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 unchanged from last week.
NYSE:USO

Oil Bounceback Coming Soon?

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From Chris Vermeulen: I have focused my attention on the recent price rotation in the Crude Oil market.  I believe the recent downside rotation in price, while technically still in a bullish trend, is an excellent opportunity for traders to identify entry positions for a potential price rally to levels near of above $70~71 ppb.
NYSE:USO September 8, 2018 7:40am

Oil Prices Are On The Rise Once Again (USO)

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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 unchanged from last week.
NYSE:USO September 5, 2018 6:08am

Oil Prices Are Rising Again (USO)

oil-barrels
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 a penny and unchanged, respectively, from last week.
NYSE:USO August 28, 2018 6:43am

Oil Bounces Higher Amid Larger Than Expected Inventory Draw (USO)

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From Tyler Durden: WTI rallied up to tag $68 (Sep) stops intraday Tuesday, as a U.S. plan to sell strategic oil reserves highlighted concerns about tightening global supplies, ahead of tonight's API report. 
NYSE:USO August 22, 2018 6:28am

Gasoline Prices Edge Lower As Oil Slips (USO)

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From Jill Mislinski: The price of Regular and Premium were both down two cents from last week. According to GasBuddy.com, Hawaii has the highest average price for Regular at $3.69 and San Francisco, CA is the most expensive city, averaging $3.74.
NYSE:USO August 21, 2018 6:00am

Surprise Inventory Increase Sends Oil Lower (USO)

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From Zacks: The U.S. Energy Department's inventory release last week showed that crude stockpiles recorded a shock weekly build despite strong refinery utilization.
NYSE:USO August 19, 2018 7:22am

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