PowerShares DB Oil ETF (DBO) Becomes Latest Oil Fund To Hit New Lows

From Zacks: Investors looking to avoid underperformance should steer clear of PowerShares DB Oil Fund (DBO - Free Report). The fund recently hit a new 52-week low. Shares of DBO are down roughly 24.9% from its 52-week high of $9.91/share.
NYSE:DBO June 23, 2017 9:34am

Could A Wave Of M&A Help Save The Oil & Gas Industry? (XOP)

From Tsvetana Paraskova: Struggling oil prices in recent weeks have battered energy stocks and energy exchange-traded funds (ETFs) that have already been underperforming the market so far this year.

Oil ETF (USO) Plunges To New 52-Week Lows Amid Supply Glut

Image of an oil derrick with blue sky
From Zainab Calcuttawala: Brent crude slipped below $45 on Wednesday, reaching its lowest price since last November as a supply glut continues to plague oil markets, according to a new report by Bloomberg.
NYSE:USO June 22, 2017 6:50am

Crude Oil Is Off To Its Worst Start In 20 Years (UCO)

Image of oil drums
The ProShares Ultra DJ-UBS Crude Oil (NYSE:UCO) was recovering some of its recent losses on Wednesday morning, but many signs are pointing to further losses for oil in the coming weeks.
NYSE:UCO June 21, 2017 10:44am

Somehow, People Are Still Going Long Oil (USO)

Today in our ETF/Index options recap we talk about continued weakness in Crude Oil prices which are trading at seven-month lows today and taking down related Energy equity stocks with them, which has spurred activity in USO (U.S. Oil Fund, Expense Ratio 0.77%, $2.9 billion in AUM).
NYSE:USO June 20, 2017 12:06pm

Not Even Middle East Political Turmoil Can Inspire Oil Prices (USO)

From Nick Cunningham: The political standoff in the Middle East between Qatar and other powers in the Middle East enters its third week, and the conflict shows no signs of abating.

Surging U.S. Shale Production Continues To Pressure Oil (USO)

Image of oil drums
From Nick Cunningham: The U.S. shale industry is in danger of killing of the very rally that it had hoped to take advantage of.
NYSE:USO June 19, 2017 6:16am

Wells Fargo: $100 Oil Is Just A “Pipe Dream” At This Point (USO)

From Zainab Calcuttawala: $100 oil is but a “pipe dream,” according to a new investor note by Wells Fargo.
NYSE:USO June 18, 2017 8:22am

These Days, The United States Rules Oil Prices, Not OPEC (USO)

oil gas 600X300
From George Friedman: There’s no end in sight to slumping oil prices—good news for consumers but a dire development for major oil producers like Saudi Arabia and Russia. And now, rising US oil production and exports are contributing to the slump.
NYSE:USO June 16, 2017 6:46am

United States Oil Fund (USO) Plunges Close To 52-Week Low

From Nick Cunningham: Oil slumped again on Wednesday on a downbeat assessment from the IEA regarding the health of the oil market. After posting some relatively optimistic projections for the “rebalancing” process in recent months, the IEA has had to concede that the massive inventory overhang might last longer than it originally predicted.
NYSE:USO June 15, 2017 6:24am

Crude Oil Plunges To New 52-Week Lows (DWT)

From Tyler Durden: After tumbling last night following API's surprise builds, WTI/RBOB levitated on a weak dollar into the DOE print but initialy kneejerked lower on the data which showed a smaller than expected crude draw and confirmed another significant gasoline build.
NYSE:DWT June 14, 2017 12:06pm

Surprise Inventory Build Pushes Oil Back Toward Yearly Lows (USO)

Image of oil drums
From Julianne Geiger: The American Petroleum Institute (API) reported a build of 2.75 million barrels in United States crude oil inventories, compared to analyst expectations that markets would see a draw of 2.7 million barrels for the week ending June 9—a 5.45-million-barrel discrepancy that is bound to unsettle already unsettled markets.

Speculators Are Getting Bullish On Oil Again (USO)

oil drum
From Nick Cunningham: The latest selloff in oil prices have left speculators in a predicament: The fundamentals continue to look poor with unimpressive drawdowns in crude oil stocks, but there is a general consensus that the extension of the OPEC deal should push the market towards a rebalancing over the next few quarters.
NYSE:USO June 13, 2017 7:43am

United States Oil Exports Are Keeping Crude Prices Low (USO)

From Nick Cunningham: U.S. exports have spiked in recent weeks, upending longstanding trade flows. But while that may be good news for some U.S. drillers, the unusually high level of crude exports are not obviously a good sign about the health of the oil market.
NYSE:USO June 12, 2017 6:04am

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