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Oil Price Rebound, USO ETF & More
Podcast By: Neena Mishra
Friday, May 8, 2020 9:00 PM EDT
Despite an impressive rebound this week, oil prices are still down about 60% this year. Oil has been under pressure for the past several months, even before the coronavirus brought global travel to a halt.
In this podcast: DBO, UCO, USO Also: OIL
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Crude Oil Prices Set For Weekly Gains, Virus Stokes Production Cut Talk
Article By: DailyFX
Friday, February 14, 2020 4:10 AM EDT
Crude oil prices were steady through the Asia Pacific morning on Friday, returning a few cents of the previous session’s gains, but still on track for their best week since December with production cuts still very much on market minds.
In this article: OIL, UCO, USO
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COT Black: German Factories, Oklahoma Tank Farms, And FRBNY
Article By: Jeffrey P. Snider
Friday, February 7, 2020 3:30 AM EDT
According to Germany’s deStatis, factory orders in December 2019 were down sharply yet again. And it doesn’t matter how you look at them, seasonally adjusted or otherwise, in parts or at the whole, no bottom.
In this article: OIL, UCO, UGA
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Oil Price Outlook: Crude Spills Into Support – WTI Trade Levels
Article By: DailyFX
Wednesday, August 7, 2019 2:32 PM EDT
Crude Oil Prices have plummeted more than 15% off the June highs with WTI now probing a key support zone near the June close lows.
In this article: OILBB, UCO, OILB
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WTI Holds Losses Despite 8th Weekly Crude Draw In A Row
Article By: Tyler Durden
Tuesday, August 6, 2019 4:48 PM EDT
An ugly day in the energy complex saw WTI tumble to a $53 handle as US-China trade tensions were anything but calmed (despite the equity market's exuberance).
In this article: OILBB, UCO, OILB
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The Oil War Is Only Just Getting Started
Jason Stewart 2/6/2017 9:22:34 PM

#OPEC can very well try to appear unfazed but their influence on the global #oil market has been on a decline for quite some time. What we are seeing now is a perfect example of their waning influence. They've gone through considerable lengths with the current production deals in order to prop up the oil price. The end result is a stabilization around $50 - $60. The rebound in US oil rigs ensures that the oil price will never reach its previous highs. $OIL $UCO $USO

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