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

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)

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)

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)

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)

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)

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

OPEC Throws A Wet Blanket On Recent Oil Rally (USO)

From Nick Cunningham: The rally in oil prices over the past two weeks came to a halt on Wednesday on news that OPEC is actually exporting more oil than previously thought.
NYSE:USO July 6, 2017 6:27am

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

Will Oil Ever Get Back To $50 Again? (USO)

Image of an oil derrick with blue sky
From Nick Cunningham: Oil prices have plunged back to levels not seen since OPEC announced its original production cut deal last November. Prices have been falling since the group extended their cuts for another nine months, a two-week slide that puts WTI back in the mid-$40s.
NYSE:USO June 9, 2017 5:51am

OPEC Rift Continues To Weigh On Oil ETFs (BNO)

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

OPEC Oil Production Cut Deal Already Looks Shaky (USO)

From Osama Rizvi: Rising production from both U.S. shale and Libya has been playing havoc with oil prices of-late. The possibility of a strong Summer Driving Season, which may subsequently lead to some inventory drawdowns, has been holding up sentiment in markets. But the possibility of an OPEC deal debacle is starting to loom over markets.
NYSE:USO June 4, 2017 6:55am

Oil ETFs On Ice, As Qatar/Saudi Conflict Threatens Future Of OPEC Deal (USO)

oil drum
From Cyril Widdershoven: The cohesion of the Gulf Cooperation Council (GCC), which includes all Arab Gulf countries, seems to be cracking. UAE Minister of State for Foreign Affairs, Anwar Gargash, openly stated that the GCC was facing a major crisis, as Qatar seems to be opening up to Iran.
NYSE:USO June 2, 2017 5:59am

Crude Oil (USO) Falls Again, As OPEC Exit Strategy Comes Into Question

From Tom Kool: Oil prices fell slightly on Monday as analysts worry about the long-term implications of the OPEC output cut deal, fearing that OPEC does not have an exit strategy.
NYSE:USO May 31, 2017 6:37am

Are Crude Oil (USO) Prices Still Way Too High?

oil gas 600X300
From Art Berman: OPEC extended oil production cuts last week and oil prices plunged.
NYSE:USO May 30, 2017 8:13am

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