Why OPEC Will Disappoint Oil Traders Next Month (USO)

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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.
NYSE:USO November 4, 2017 7:46am

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

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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

OPEC Rift Continues To Weigh On Oil ETFs (BNO)

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From Zacks: As if brimming U.S. supplies were not enough, oil prices got another blow from the OPEC after the cartel’s top brass Saudi Arabia and other Arab states cut their diplomatic ties with Qatar, which was accused of nursing terrorism.
NYSE:BNO June 8, 2017 6:23am

Oil Surges On OPEC Extension News, But Will The Deal Work?

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From Tyler Durden: Goldman Sachs, which has been pushing for higher oil prices with seemingly daily bullish research reports for the past month, and which underwrote the last Saudi Arabian bond issue and is expected to also manage the Aramco IPO (explaining the bank's conflict of interest), released a note commeting on the latest development in the oil market, which sent the price of crude higher by 3% after Saudi and Russia oil minister agreed to extend the OPEC production cuts by another 9 months through the end of Q1 2018.
NYSE:UCO May 15, 2017 9:56am

What Comes Next For Oil & Gas ETFs?

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From Zacks: Which market sector outperformed all others in 2016? Knowing which sector has been hot could point to where you should invest in 2017.
NYSE:XOP May 12, 2017 6:10am

OPEC Weighs Bigger Production Cuts Amid Oil’s Latest Plunge

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Some OPEC members have begun to discuss the potential for deeper oil production cuts, as oil prices have failed to recover this year despite the cartel's best efforts to keep crude afloat.
NYSE:UCO May 8, 2017 1:56pm

Crude Oil Crashes To 9-Month Lows, OPEC Deal Gains Evaporate

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From Tyler Durden: "Someone's liquidating," warns one veteran energy trader, as the sudden heavy volume surge to the downside in WTI crude futures smashes oil prices back to the lowest since August 2016.
NYSE:USO May 4, 2017 4:26pm

Here’s Why Oil Prices Are Surging Today

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From Tyler Durden: Oil jumped this morning, with Brent rising 1%, trading above $56 after the International Energy Agency said OPEC had achieved record initial compliance of 90% with planned production cuts - it is unclear how much of this was self-reported and questionable - while demand grew faster than expected.
NYSE:USO February 10, 2017 10:22am

OPEC Is Trying To Get Non-OPEC Nations To Cut Production Now

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Following last week's landmark production cut deal among its member nations, OPEC is now attempting to get a large amount of other large oil producers to follow suit.
NYSE:USO December 5, 2016 10:50am

Leveraged Oil Plays Explode Higher As OPEC Deal Appears Imminent

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Leveraged bull oil ETFs surged in early trading Wednesday as headlines around the world indicated that OPEC oil ministers are unanimously in favor of a production cut.
NYSE:UCO November 30, 2016 6:55am

Oil Plunges 4% As OPEC Deal Falls Apart

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From Tyler Durden: One day ahead of OPEC's much anticipated meeting in Vienna, oil has slid back under $46 on rising pessimism that an oil production cut deal, taken widely for granted as recently as last week, is not going to take place.
NYSE:USO November 29, 2016 9:06am

Did OPEC Just Win The Oil War?

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From JL Yastine: In 2014, Saudi Arabia and the rest of the cartel’s oil ministers lined up their weapons and fired a huge salvo.
NYSE:USO November 20, 2016 7:48am

Oil Plunges Once Again As OPEC Deal Hopes Fade

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From Tyler Durden: Oil plunged more than 1% in early trading on Monday, as a prominent energy forecaster significantly cut its probability for an OPEC production cap deal being completed.
NYSE:USO November 14, 2016 9:30am

OPEC Cut In Question As October Production Surges

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Oil prices were plunging once again on Friday morning, as news of much higher OPEC oil production in October cast doubts over the prospects of a coordinated production cut this month.
NYSE:UCO November 11, 2016 10:12am

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