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Oil Set To Plunge As OPEC Seeks To Boost Output By 2 Million Barrels
Article By: Tyler Durden
Sunday, July 12, 2020 2:37 PM EDT
Four months after OPEC cobbled together a production cut to offset the demand destruction unleashed by COVID-19 lockdowns, R-OPEC+ is set to resume pumping more after an alliance of producers want to increase oil production starting in August.
In this article: WTI Also: USO
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Saudi Aramco Boosts Oil Export Prices By Most On Record
Article By: Tyler Durden
Sunday, June 7, 2020 2:24 PM EDT
As Bloomberg reported, with China’s demand for crude once again rising, the Saudis are furiously raising prices in a world where supply has suddenly emerged as the price bottleneck. Aramco raised the price of Arab Light to Asia by $6.10 a barrel.
In this article: WTI, USO Also: WPX, PE
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Baker Hughes Reports U.S. Rig Count Down 17 To 284 Rigs
Article By: The Fly
Friday, June 5, 2020 1:43 PM EDT
Baker Hughes reports that the U.S. rig count is down 17 rigs from last week to 284, with oil rigs down 16 to 206, gas rigs down 1 to 76, and miscellaneous rigs unchanged at 2.
In this article: WTI, BKR, USO
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Unemployment & Cristobal: A Tropical Depression - The Corn & Ethanol Report
Article By: Dan Flynn
Friday, June 5, 2020 1:03 PM EDT
Many markets are watching the movements of the Cristobal storm front, and tracking the projected landfall and the impact it will leave in its path. The weather did spark some fund short covering, and corn settled higher in yesterday’s action.
In this article: CORN, WTI, USO
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Three Factors Driving Oil’s Dramatic Rebound
Article By: Robert Rapier
Sunday, May 31, 2020 2:13 PM EDT
Oil prices have come a long way since the deep dive into negative territory a month ago. So, what has changed in the oil markets in the course of a month to so dramatically change the outlook? We can attribute this to at least three factors.
In this article: WTI, USO
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Big Trouble For The Big Three U.S. Oil Companies: Financial Disaster In Its Domestic Oil & Gas Sector
John F. Donaldson 5/24/2020 12:03:37 PM

So if oil stays at 10 19 or 25 yes $XOM is in trouble. But no one thinks $WTI will be that low for long. #Oil is trading mid 30s right now and if it trades above 40 in the upcoming weeks. XOM and its dividend will be just fine.

The Saudis Are All In When It Comes To Cutting Production
Abe Jouejati 2/15/2018 5:56:18 PM

True that the demand for oil has not yet shifted, however the price correction was inevitable. The automobile and logistics industry which rely heavily on oil production are operating at full speed and increasing in size.

For the past four years $WTI has been mostly below $60/barrel. Now that it has surpassed the $60 mark, we can anticipate higher prices, in accordance with the high demand.

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