An OPEC Oil Production Cut Extension Is A Near Guarantee (USO)

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From Zainab Calcuttawala: There will be an OPEC deal extension--no matter the public tussling between opposing forces in the industry cartel--if the world's largest oil producers are really determined to end the supply glut.
NYSE:USO November 24, 2017 6:18am

Oil Prices Will Crater If Russia Doesn’t Back OPEC Extension (USO)

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From Irina Slav: As the November 30 meeting in Vienna of OPEC and its partners in the oil production cut deal nears, worry has returned among traders: one of the brokers of the deal might decide to walk out on the deal instead of participating in another extension.
NYSE:USO November 21, 2017 6:29am

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

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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

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

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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

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

Record OPEC Compliance Helps Spur Crude Oil Price Bounce (USO)

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From OilPrice.com: WTI prices closed in on $52 a barrel on Monday as OPEC reported record compliance to its 10-month old output reduction agreement. A slowdown in North American drilling coincided with the industry cartel's announcement, which propped up hopes of a shrinking oil supply glut.
NYSE:USO October 24, 2017 6:36am

OPEC Commentary Helps Boost Oil Prices (USO)

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From Tom Kool: Oil prices firmed up just a bit yesterday, on the very aggressive comments from OPEC's top official, although the bull run from September does not appear to be set to return.
NYSE:USO October 11, 2017 6:34am

OPEC Meeting Fails To Inspire Oil Prices (USO)

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From Tom Kool: Oil prices firmed up this week, holding onto gains ahead of OPEC's monitoring meeting on Friday.
NYSE:USO September 24, 2017 7:11am

Oil Could Suffer More If OPEC Deal Falls Apart (USO)

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From Nick Cunningham: OPEC appears to be nervous that its production cut deal will once again fall short, and the group is already discussing the possibility of yet another extension.
NYSE:USO September 7, 2017 6:37am

Can Oil Hang On When The OPEC Deal Expires? (USO)

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From Nick Cunningham: The oil market is still on track to rebalance, although the pace is "stubborn" and will still take some time, the IEA said in a new report.
NYSE:USO August 14, 2017 6:24am

Oil’s Recent Bounce Appears To Be Over (USO)

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From Tom Kool: Despite bullish conditions led by a huge drawdown in U.S. crude, oil prices were down at the end of the week following less than positive OPEC reports.
NYSE:USO August 12, 2017 6:37am

Iraq’s Participation In OPEC Production Cuts Is Over (USO)

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From Irina Slav: Iraq's crude oil output could hit 5 million barrels daily by the end of the year, the country's Oil Minister Jabar al-Luaibi told Iraqi media, adding that these projections "will not be affected by any fluctuations".
NYSE:USO July 24, 2017 12:46pm

OPEC’s Oil Production Cuts Have Officially Failed (USO)

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From Irina Slav: One commodity analyst got it right: the OPEC cuts would not work. After November last year when the oil cartel announced its agreement with Russia and 11 other producers to curb production in a bid to prop up prices, the overwhelming mood was optimistic.
NYSE:USO July 17, 2017 6:14am

OPEC’s Empty Promises Can’t Save Oil (USO)

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From Zainab Calcuttawala: High demand for air conditioning and fuel for road trips make summer the best time for the Organization of Petroleum Exporting Countries (OPEC) to cut production or exports to end or lessen the supply glut that has plagued oil markets for three years.
NYSE:USO July 11, 2017 8:38am

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