From Steven Vannelli, CFA: Talk of a trade war with China has recently dominated the discussion in financial markets, overshadowing the other major story playing out in the US economy--normalization of the energy markets. I thought I would answer the question of whether trade with China or oil was a bigger economic issue. NYSE:USO June 21, 2018 6:26am
From Chris Vermeulen: With the G7 meeting concluding and the world about to start reacting to what was said and what was heard, it is time to take a look at the Crude charts with our Advanced Fibonacci price modeling system. NYSE:USO June 15, 2018 6:02am
From Steven Vannelli, CFA: Venezuela has experienced a collapse in oil production this year as the country sinks into chaos. Daily production is down from 1.7M barrels/day at the end of last year to just 1.44M barrels/day at the end of May. NYSE:USO June 14, 2018 6:15am
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 were down three each from last week.
From Advisor Perspectives: It's time again for our weekly gasoline update based on data from the Energy Information Administration (EIA). The price of Regular and Premium were down two and one cent(s) each, respectively, from last week.
From WisdomTree: "Judging by the oil market in the pre-OPEC era, a 'normal' market price might now be in the $5-10 range. ... Last week Algeria's energy minister declared, with only slight exaggeration, that prices might conceivably tumble 'to $2 or $3 a barrel.'" --The Economist, March 4, 1999NYSE:USO May 31, 2018 6:31am
From Bryce Coward, CFA: As we write, comments by officials in Saudi Arabia about possible OPEC production increases later this year have sent WTI crude oil futures down below $68.00/barrel (-4%), down from nearly $73/barrel just three days ago. NYSE:USO May 28, 2018 8:11am