United States Brent Crude Oil Fund

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  • uploads///fdcbcadcf
    Macroeconomic Analysis

    Why the US Economy Stalled in 1Q15

    The US economy stalled in 2014 for several reasons, including seasonality, weather, strength of the dollar, the West Coast port strike, and the oil price slump.

    By Jeffrey Rosenberg
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    Miscellaneous

    Rising Oil Inventories Spread Impacts Oil Prices

    US commercial crude oil inventories rose by ~9.5 MMbbls (million barrels) in the week ending on February 10, 2017—compared to the previous week.

    By Rabindra Samanta
  • uploads///WTI Brent Spread
    Energy & Utilities

    Must-know effects of the Ukraine crisis on your oil investments

    The immediate effect of the current crisis between Russia and Ukraine is that it has likely provided some support to oil prices and caused some volatility in oil prices.

    By Ingrid Pan
  • uploads///US Crude Oil Quant
    Miscellaneous

    Is $30 for Crude Oil Coming?

    US crude oil (USO) (OIIL) (USL) (DBO) futures contracts for May delivery closed at $48.24 per barrel on March 21, 2017.

    By Rabindra Samanta
  • uploads///Crude Oil Prices and Inventory Spread
    Miscellaneous

    Why Could Oil Inventories Pressure Crude Oil Prices?

    The relationship between crude oil inventories and crude oil prices is inverse. Crude oil prices bottomed out in early 2016.

    By Rabindra Samanta
  • uploads///US Crude Oil Inventories Rose
    Macroeconomic Analysis

    US Crude Oil Inventories Rose: What It Could Mean for Oil Prices

    According to the EIA’s (Energy Information Administration) report on February 15, 2017, US crude oil inventories rose 9.5 MMbbls (million barrels) in the week ended February 10, 2017.

    By Sarah Sands
  • uploads///Major producers June
    Miscellaneous

    Crude Oil Futures Hit Multi-Month Highs but S&P 500 Falls

    November US crude oil (DBO)(DWT)(SCO) futures contracts rose 3% to $52.22 per barrel on September 25—the highest level since April 2017.

    By Gordon Kristopher
  • uploads///us crude oil stocks
    Macroeconomic Analysis

    Crude Oil Traders Are Closely Watching These Bearish Drivers

    In the previous two parts of this series, we covered bullish drivers for crude oil prices. Now let’s look at some key bearish drivers for crude oil prices in 2016.

    By Gordon Kristopher
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    Miscellaneous

    Brent-WTI Spread: Why It’s Crucial for Energy Investors

    On March 28, 2017, WTI (West Texas Intermediate) crude oil active futures were trading at a discount of $2.96 per barrel to Brent crude oil active futures.

    By Rabindra Samanta
  • uploads///OPEC crude oil production may
    Macroeconomic Analysis

    What Are the Key Bearish Drivers for Crude Oil Prices in 2016?

    Multiyear low crude oil prices impact domestic and international oil producers’ margins like PetroChina, Comstock Resources, Whiting Petroleum, and Denbury Resources.

    By Gordon Kristopher
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    Miscellaneous

    US Oil Inventories Spread Impacts Crude Oil Prices

    US commercial crude oil inventories rose by ~6.5 MMbbls (million barrels) in the week ending January 27, 2017—compared to the previous week.

    By Rabindra Samanta
  • uploads///Api crude oil
    Macroeconomic Analysis

    Will EIA’s Crude Oil Inventories Data Follow API Data?

    November WTI (West Texas Intermediate) crude oil futures contracts rose 1.4% to $51 per barrel in electronic trade at 5:20 AM EST on October 19, 2016.

    By Gordon Kristopher
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    Miscellaneous

    How US Consumer Sentiment Affects Energy Commodities

    The US consumer sentiment index was at 96.9 in March’s final reading.

    By Rabindra Samanta
  • uploads///Libya
    Miscellaneous

    Libya’s Crude Oil Production: Bullish or Bearish for Oil Prices?

    A Reuters survey estimates that Libya’s crude oil production rose by 50,000 bpd to 930,000 bpd in September 2017—compared to the previous month.

    By Gordon Kristopher
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    Miscellaneous

    Brent-WTI Spread: Will US Oil Exports Rise Further?

    On October 24, 2017, Brent crude oil (BNO) active futures were $5.86 above WTI crude oil active futures.

    By Rabindra Samanta
  • uploads///Iran
    Miscellaneous

    Iran’s Crude Oil Exports Could Impact Crude Oil Prices

    The rise in crude oil export capacity suggests that Iran’s getting ready for a massive increase in crude oil production in 2018.

    By Gordon Kristopher
  • uploads///Saudi Arabia
    Miscellaneous

    Will Saudi Arabia Cause Colossal Damage for Crude Oil Futures?

    According to the Wall Street Journal, Saudi Arabia’s crude oil production hit 10.7 MMbpd (million barrels per day) in June 2017.

    By Gordon Kristopher
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    Miscellaneous

    Oil Inventory Spread Could Help Oil Prices Rise

    On May 24, 2017, the EIA released crude oil inventory data for the week ending May 19, 2017. It reported a fall of ~4.4 MMbbls in oil inventories.

    By Rabindra Samanta
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    Macroeconomic Analysis

    Crude Oil Reverses as US Dollar Hits 14-Year High

    February WTI (West Texas Intermediate) crude oil (PXI) (XOP) (XES) (IEZ) (ERX) (USL) (ERY) futures contracts fell 2.6% and settled at $52.33 per barrel on January 3, 2017.

    By Gordon Kristopher
  • uploads///distillate inventories
    Miscellaneous

    US Distillate Inventories Rose for the First Time in 5 Weeks

    US distillate inventories rose by 0.4 MMbbls to 146.7 MMbbls on May 19–26, 2017. Distillate inventories rose 0.3% week-over-week but fell 1.9% YoY.

    By Gordon Kristopher
  • uploads///oil and price inventory
    Macroeconomic Analysis

    US Crude Oil Inventories Could Reach Record Levels

    On February 22, the API will release its weekly crude oil inventory report. US crude oil inventories could have risen from February 10–17, 2017.

    By Gordon Kristopher
  • uploads///us crude oil stocks
    Macroeconomic Analysis

    Will EIA and API Crude Oil Inventories Impact Crude Oil Prices?

    On November 15, the API released its weekly crude oil inventory report. US crude oil inventories rose by 3.6 MMbbls from November 4–11, 2016.

    By Gordon Kristopher
  • uploads///WTI prices
    Macroeconomic Analysis

    Why Goldman Sachs Revised Its Crude Oil Price Forecast

    Goldman Sachs (GS) forecast that Brent crude oil prices could test $50 per barrel in 2H16 due to recent supply outages.

    By Gordon Kristopher
  • uploads///US crude oil production
    Miscellaneous

    Crude Oil Futures Near 7-Week High

    September US crude oil (RYE) (VDE) (BNO) futures contracts rose 3.3% to $47.8 per barrel on July 25, 2017.

    By Gordon Kristopher
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    Miscellaneous

    What the Brent–WTI Spread Indicates

    On August 15, Brent crude oil active futures were trading $3.25 more than the WTI crude oil active futures. On August 8, the spread stood at $2.97.

    By Rabindra Samanta
  • uploads///oil producers
    Macroeconomic Analysis

    WTI and Brent Crude Oil Prices Were Trading almost Flat

    WTI and Brent crude oil prices fell for the second day in a row due to record US crude oil inventory and profit booking.

    By Gordon Kristopher
  • uploads///India
    Miscellaneous

    India’s Crude Oil Imports Surged in January

    India’s crude oil imports increased 12.5% to a record high of 4.93 MMbpd in January 2018—compared to the previous month.

    By Gordon Kristopher
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    Miscellaneous

    Inventories Spread Could Boost Your Long Bets on Oil

    The EIA’s crude oil inventory report for the week ending July 14 will be announced on July 19. Analysts expect crude oil inventories to fall by 3.6 MMbbls.

    By Rabindra Samanta
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    Miscellaneous

    How the Dollar Is Affecting Oil

    US crude oil (DBO) (USL) (OIIL) July futures rose 5% between May 16 and May 23, 2017.

    By Rabindra Samanta
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    Miscellaneous

    EIA Downgraded US and Brent Crude Oil Price Forecasts

    The EIA released its monthly STEO report on May 9, 2017. It estimates that US WTI crude oil prices would average $50.68 per barrel in 2017.

    By Gordon Kristopher
  • uploads///saudi
    Macroeconomic Analysis

    Saudi Arabia’s Crude Oil Production Rose: Will Prices Fall More?

    Saudi Arabia reported that its crude oil production rose by 263,300 bpd (barrels per day) to 10.01 MMbpd (million barrels per day) in February 2017.

    By Gordon Kristopher
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    Macroeconomic Analysis

    US Crude Oil Imports and Refinery Demand Drive Inventories

    US refinery crude oil demand fell by 54,000 bpd (barrels per day) to 15,893,000 bpd between January 27, 2017, and February 3, 2017.

    By Gordon Kristopher
  • uploads///ref demand
    Miscellaneous

    US Refinery Demand Impacts Crude Oil Inventories

    US refineries operated at 93.4% of their operable capacity in the week ending May 5, 2017. The rise in refinery demand is bullish for crude oil prices.

    By Gordon Kristopher
  • uploads///us production
    Macroeconomic Analysis

    US Crude Oil Production Hit a 13-Month High

    US crude oil production is at the highest level since February 2016. The rise in crude oil production pressured crude oil prices on March 8, 2017.

    By Gordon Kristopher
  • uploads///Natural gas
    Miscellaneous

    US Jobs Help S&P 500 to Rise on July 6, Oil and Gas Also Rise

    The S&P 500 rose ~0.85% to 2,759.82 on July 6, its highest level in two weeks.

    By Gordon Kristopher
  • uploads///correlation of oil weighted stocks
    Energy & Utilities

    Crude Oil Fell Again: What about Oil-Weighted Stocks?

    On July 11, 2016, US crude oil closed at $44.76 per barrel. That’s 1.4% below its previous closing price. That’s also 12.6% below its highest level for 2016.

    By Rabindra Samanta
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    Miscellaneous

    Could Oil Inventories Maintain Their Bullish Momentum?

    Inventory data According to the EIA (U.S. Energy Information Administration), US crude oil inventories fell 7.2 MMbbls (million barrels) in the week ended July 21, 2017. The fall was twice the expected fall of 3.3 MMbbls. Bullish inventory data buoyed oil prices by 1.8% on the same day. Inventory spread A rise in surplus crude […]

    By Rabindra Samanta
  • uploads///Venezuela
    Miscellaneous

    Venezuela’s Falling Crude Oil Production Drives Oil Prices Higher

    The EIA estimates that Venezuela’s crude oil production decreased by 45,000 bpd (barrels per day) to 1,465,000 bpd in April—compared to March.

    By Gordon Kristopher
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    Miscellaneous

    The Falling Demand For Oil, Impact On Prices

    With China in a less oil-intensive stage of development, the demand for oil could stay low for a while.

    By Jeffrey Rosenberg
  • uploads///gasoline prices
    Miscellaneous

    US Crude Oil and Gasoline Futures Moved Together

    June gasoline futures contracts rose 1.3% to $1.53 per gallon on May 3, 2017. Prices rose due to the less-than-expected rise in US gasoline inventories.

    By Gordon Kristopher
  • uploads///oil inventory
    Macroeconomic Analysis

    Oil Traders Focus on US Crude Oil Inventories

    On January 31, the API released its weekly crude oil inventory report. It reported that US crude oil inventories rose by 5.8 MMbbls from January 20–27.

    By Gordon Kristopher
  • uploads///cl price
    Macroeconomic Analysis

    Why Morgan Stanley Expects Crude Oil Prices to Trend even Lower

    As of the end of April, crude oil prices had rallied by almost 70% since the lows of February 2016. But prices were still ~60% lower than in June 2014.

    By Gordon Kristopher
  • uploads///US crude oil inventories and prices
    Miscellaneous

    Will US Crude Oil Inventories Pressure Oil Prices?

    September US crude oil (BNO) (IEZ) (UCO) futures contracts fell 0.3% to $46.4 per barrel in electronic trading at 2:15 AM EST on July 19, 2017.

    By Gordon Kristopher
  • uploads///OPEC crude oil production
    Miscellaneous

    OPEC’s Crude Oil Production Declined in March 2018

    A Reuters survey showed that OPEC’s crude oil production declined by 90,000 bpd (barrels per day) to 32.19 MMbpd—compared to February 2018.

    By Gordon Kristopher
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    Miscellaneous

    US and Brent Crude Oil Price Forecast for the Next 6 Months

    Brent crude oil futures are trading below their 20-day, 50-day, 100-day, and 200-day moving averages of $49.9, $51.6, $53.3, and $53.8 per barrel.

    By Gordon Kristopher
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    Miscellaneous

    Why the Brent-WTI Spread Could Make Global Oil Supplies Rise

    On October 17, 2017, Brent crude oil (BNO) active futures closed $6 above the WTI (West Texas Intermediate) crude oil futures.

    By Rabindra Samanta
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    Miscellaneous

    Oil Bulls, Don’t Worry About the Rising US Dollar

    US crude oil futures contracts for June 2017 delivery fell 3.7% between May 2, and May 9, 2017, while the US Dollar Index rose 0.7%.

    By Rabindra Samanta
  • uploads///us crude oil stocks
    Macroeconomic Analysis

    Will API Inventory Report Limit Upside for Crude Oil Prices?

    November WTI (West Texas Intermediate) crude oil futures contracts rose 0.32% to $50.97 per barrel in electronic trade at 5:10 AM EST on October 12, 2016.

    By Gordon Kristopher
  • uploads///oil firecasts jan
    Energy & Utilities

    Crude Oil Prices Could Hit $80 per Barrel in 2018

    BBL Commodities is one of the largest oil hedge funds in the world. BBL Commodities expects that Brent crude oil prices could hit $80 per barrel in 2018.

    By Gordon Kristopher
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    Miscellaneous

    How the US Dollar Could Be Crucial to Oil Investors

    US crude oil futures contracts for June delivery fell 6.2% between April 18, 2017, and April 25, 2017. Meanwhile, the US Dollar Index fell 0.7%.

    By Rabindra Samanta
  • uploads///oil sunset crude oil pic
    Energy & Utilities

    Will US Oil Exports End 2018 on a Low Note?

    On December 17, Brent crude oil February futures settled at ~$9.41—higher than WTI crude oil February futures.

    By Rabindra Samanta
  • uploads///usdx and crude oil
    Macroeconomic Analysis

    Federal Reserve and OPEC Pressure Crude Oil Prices

    On December 14, the Federal Reserve reported that it would raise the interest rate by 25 basis points. As a result, the US Dollar Index appreciated by 0.7%.

    By Gordon Kristopher
  • uploads///Crude oil supply outage
    Energy & Utilities

    Global Crude Oil Supply Outages Could Push Oil Prices Higher

    According to the EIA, global crude oil supply outages increased by 208,000 bpd or 14% to 1,738,000 bpd in December 2017—compared to November 2017.

    By Gordon Kristopher
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    Miscellaneous

    Analyzing Key Energy Events This Week

    If the EIA (U.S. Energy Information Administration) reports another fall in the US commercial crude oil inventory, it could push oil prices higher.

    By Rabindra Samanta
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    Miscellaneous

    Key Events for Energy Investors this Week

    The EIA’s “Drilling Productivity” report should be important for crude oil (USO)(DBO)(OIIL) and natural gas (UNG) prices.

    By Rabindra Samanta
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    Macroeconomic Analysis

    US Dollar near 9-Month High: Is It Bearish for Crude Oil Prices?

    December WTI crude oil futures contracts rose on October 21, 2016, due to expectations of OPEC and Russia reaching an agreement to cap production.

    By Gordon Kristopher
  • uploads///Russian Ruble on Rise Since
    Macroeconomic Analysis

    Why the Ruble Is on the Rise

    The recovery of oil prices in the latter half of 2016 has helped the Russian ruble to appreciate along with improved exports.

    By Mary Sadler
  • uploads///oil price and oil inventory
    Miscellaneous

    Why Traders Are Tracking the API’s Crude Oil Inventories

    A market survey estimates that US crude oil inventories fell by 2.83 MMbbls on June 23–30, 2017. Gasoline inventories might have fallen by 0.5 MMbbls.

    By Gordon Kristopher
  • uploads///Natural gas
    Miscellaneous

    US Crude Oil Didn’t Reach a New 3-Year High

    On April 13–20, 2018, US crude oil June futures rose 1.6% and settled at $68.4 per barrel on April 20. Last week, the US dollar rose 0.6%.

    By Rabindra Samanta
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    Energy & Utilities

    OPEC Mania Is Back: Will Crude Oil Soar?

    US crude oil rose on November 18 due to the market’s belief that OPEC (Organization of the Petroleum Exporting Countries) members might cut their output.

    By Rabindra Samanta
  • uploads///russia
    Miscellaneous

    Will Russia Support OPEC if Production Cuts Continue?

    On April 28, 2017, the Ministry of Energy of Russia said the country’s oil production fell 300,000 bpd to meet the targeted production cut in April 2017.

    By Gordon Kristopher
  • uploads///distillate inventory
    Miscellaneous

    US Distillate Inventories and Crude Oil Price Forecasts

    The EIA reported that US distillate inventories rose by 0.3 MMbbls to 151.4 MMbbls on June 2–9, 2017. Inventories rose for the third straight week.

    By Gordon Kristopher
  • uploads///Inventory and price
    Energy & Utilities

    Will the US Dollar and Inventories Impact Crude Oil Futures?

    March US crude oil (DBO) (UWT) futures contracts increased 1.8% to $65.61 per barrel on January 24, 2018.

    By Gordon Kristopher
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    Miscellaneous

    How the Dollar Could Impact Oil’s Recovery

    US crude oil (DBO) (USL) (OIIL) futures contracts for June 2017 delivery rose 3.7% between May 10 and May 17, 2017.

    By Rabindra Samanta
  • uploads///Oil forecast Dec
    Miscellaneous

    Will Crude Oil Prices Start 2018 on a Positive Note?

    A Reuters survey estimated that Brent and US crude oil prices could average $58.84 per barrel and $54.78 per barrel in 2018.

    By Gordon Kristopher
  • uploads///image
    Miscellaneous

    Did the US Dollar Impact Oil Prices Last Week?

    US crude oil (DBO) (USL) (OIIL) futures contracts for June 2017 delivery fell 3.8% between April 25, 2017, and May 2, 2017.

    By Rabindra Samanta
  • uploads///Iraq
    Energy & Utilities

    Is Iraq’s Crude Oil Production Bullish or Bearish for Oil Traders?

    The EIA estimates that Iraq’s crude oil production fell by 35,000 bpd (barrels per day) to 4,320,000 bpd in November 2017 compared to the previous month.

    By Gordon Kristopher
  • uploads///Libya
    Energy & Utilities

    Libya’s Crude Oil Production Nears 4-Year High: What’s Next?

    Libya is an OPEC member but was exempt from the production cut deal due to political and economic instability.

    By Gordon Kristopher
  • uploads///opec memebers production
    Macroeconomic Analysis

    Crude Oil Prices Skyrocket as OPEC Agrees to Cut Production

    Crude oil prices hit a one-month high as OPEC reached an agreement to cut production by 1.2 MMbpd in its meeting in Vienna.

    By Gordon Kristopher
  • uploads///Iran
    Energy & Utilities

    President Trump Impacts Iran and Crude Oil Futures

    On May 8, President Trump said that the US is exiting the Iranian nuclear deal. He plans to impose new sanctions on Iran.

    By Gordon Kristopher
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    Miscellaneous

    Why the Brent-WTI Spread Matters to Energy Investors

    On March 7, WTI crude oil active futures were trading at a discount of $2.78 per barrel to Brent crude oil active futures.

    By Rabindra Samanta
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    Miscellaneous

    What the Oil Inventories Spread Suggests for Oil Prices

    In the week ending June 23, 2017, US crude oil inventories rose by 0.1 MMbbls (million barrels) to 509.2 MMbbls, according to EIA data on June 28, 2017.

    By Rabindra Samanta
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    Miscellaneous

    Is WTI Crude Oil Outdoing Brent?

    On November 21, Brent crude oil (BNO) active futures closed $5.74 above US crude oil (USO)(UCO) active futures. In other words, the Brent-WTI (West Texas Intermediate) spread was $5.74.

    By Rabindra Samanta
  • uploads///crude oil quant
    Miscellaneous

    Are US Oil Producers Making Oil’s Rise a Bull Trap?

    US crude oil (USO) (OIIL) (USL) (DBO) futures contracts for May delivery closed at $51.03 per barrel on April 4—1.6% above the previous day’s closing price.

    By Rabindra Samanta
  • uploads///WTI crude oil
    Macroeconomic Analysis

    Oil price drop wreaks havoc on Russian economy

    The continued oil price drop, coupled with the impact of Western sanctions that are fueling inflation in the economy, is wreaking havoc on Russia’s economy.

    By Surbhi Jain
  • uploads///Iran crude oil production
    Miscellaneous

    Will Crude Oil Futures and S&P 500 Move in the Same Direction?

    February US crude oil (UWT) (USL) futures contracts rose 0.5% to $61.73 per barrel on January 8. Prices are near the highest level since December 2014.

    By Gordon Kristopher
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    Miscellaneous

    WTI Crude Oil Is Rising Faster than Brent

    On November 28, 2017, Brent crude oil (BNO) active futures closed at $5.62 higher than US WTI crude oil (USO) (UCO) active futures.

    By Rabindra Samanta
  • uploads///Russia
    Macroeconomic Analysis

    Will Russia’s Crude Oil Production Impact Crude Oil Prices?

    Russia is the largest crude oil producer in the world. Its crude oil production was flat at 11.1 MMbpd in February 2017—compared to the previous month.

    By Gordon Kristopher
  • uploads///Correlation
    Miscellaneous

    How Energy ETFs Are Correlated to Falling Oil Prices

    At ~65.2%, the VanEck Vectors Oil Services ETF (OIH) showed the highest correlation with US crude oil between April 4–May 4, 2017.

    By Rabindra Samanta
  • uploads///us crude oil stocks
    Macroeconomic Analysis

    Will the US Crude Oil Inventories Report Benefit Crude Oil Prices?

    US crude oil inventories hit an all-time high of 543.6 MMbbls in the week ending April 29, 2016. This will limit the upside potential for crude oil prices.

    By Gordon Kristopher
  • uploads///OPEC
    Macroeconomic Analysis

    OPEC’s Crude Oil Production: How It Could Impact the Surplus

    The EIA estimates that OPEC’s crude oil production fell by 903,000 bpd to 32.28 MMbpd in January 2017—compared to the previous month.

    By Gordon Kristopher
  • uploads///Iran
    Miscellaneous

    Iran’s Crude Oil Exports Hit a Record: What’s Next?

    A Reuters survey estimates that Iran’s crude oil production rose by 10,000 bpd to 3.77 MMbpd in March 2017—compared to the previous month.

    By Gordon Kristopher
  • uploads///US weekly crude oil production may
    Macroeconomic Analysis

    What Are the Bullish Drivers for Crude Oil Prices?

    The expectation of slowing production will support crude oil prices. Crude oil prices are up more than 90% from the lows in February 2016.

    By Gordon Kristopher
  • uploads///correlation of oil weighted stocks with crude oil
    Energy & Utilities

    Which Oil-Weighted Stocks Have Strong Correlations with Crude Oil?

    On July 18, 2016, US crude oil (USO) (OIIL) (BNO) (SCO) contracts for September delivery closed at $45.94 per barrel.

    By Rabindra Samanta
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    Miscellaneous

    The Kurdish Referendum: Is Brent Outperforming WTI Crude?

    On September 26, Brent crude oil active futures were $6.56 more than US crude oil active futures. On September 19, the Brent-WTI spread was at $5.66.

    By Rabindra Samanta
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    Miscellaneous

    Is the US Dollar’s Fall Helping Oil?

    US crude oil futures contracts for June delivery fell 1.7% between April 11, 2017, and April 18, 2017. The US Dollar Index fell 1.2% during that period.

    By Rabindra Samanta
  • uploads///Major producers June
    Miscellaneous

    Will OPEC’s Meeting Impact Crude Oil Futures?

    September West Texas Intermediate crude oil (XOP) (UCO) (VDE) futures contracts fell 0.4% and closed at $49.39 per barrel on August 7, 2017.

    By Gordon Kristopher
  • uploads///US crude oil production
    Miscellaneous

    US Crude Oil Production Near 2-Year High

    The EIA reported that US crude oil production rose 59,000 bpd to 9.4 MMbpd between June 30, 2017, and July 7, 2017.

    By Gordon Kristopher
  • uploads///image
    Miscellaneous

    Brent Is Outperforming WTI Crude Oil

    On December 11, 2017, Brent crude oil (BNO) active futures settled $6.7 more than WTI (West Texas Intermediate) crude oil (USO) (UCO) active futures.

    By Rabindra Samanta
  • uploads///Iran
    Energy & Utilities

    How New Sanctions on Iran Could Affect Crude Oil Prices

    On May 8, President Trump announced that the United States is exiting the Iran nuclear pact. Trump now plans to impose new sanctions on Iran.

    By Gordon Kristopher
  • uploads///US Crude Oil Inventories Fell
    Macroeconomic Analysis

    US Crude Oil Inventories Fall Again: How Is Crude Oil Reacting?

    According to the U.S. Energy Information Administration’s report on June 29, 2016, US crude oil inventories fell by 4.1 MMbbls in the week ended June 24, 2016.

    By Sarah Sands
  • uploads///USDX
    Macroeconomic Analysis

    How Will the US Dollar Affect Crude Oil Prices in 2017?

    February 2017 WTI (West Texas Intermediate) crude oil (PXI) (ERX) (USL) (ERY) futures contracts rose 0.1% and settled at $53 per barrel on December 23, 2016.

    By Gordon Kristopher
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    Miscellaneous

    Oil Traders Should Watch US Oil Exports

    On December 5, 2017, Brent crude oil (BNO) active futures were priced $5.24 higher compared to WTI crude oil (USO) (UCO) active futures.

    By Rabindra Samanta
  • uploads///Iraq
    Energy & Utilities

    What Could Drive Crude Oil Prices Higher?

    US crude oil inventories fell 15% from their peak in March 2017 for the week ending November 3, 2017, which helped oil (USO) (UCO) prices.

    By Gordon Kristopher
  • uploads///Brazil Financial Service Sector Outperforms the Overall Market
    Company & Industry Overviews

    Why the Service Sector’s Contribution to Brazil Is Important

    The service sector is the main contributor to Brazil’s GDP and job creation, but it’s currently suffering from structural weakness and poor international performance.

    By Mary Sadler
  • uploads///US crude oil inventories
    Energy & Utilities

    US Crude Oil Inventories Fell 10% from Their Peak

    The EIA reported that US crude oil inventories fell by 1.5 MMbbls (million barrels) or 0.3% to 481.8 MMbbls on July 21–July 28, 2017.

    By Gordon Kristopher
  • uploads///image
    Macroeconomic Analysis

    Why US Crude Oil Prices Hit Highest Level since July 2015

    April WTI (West Texas Intermediate) crude oil (BNO) (IXC) (IYE) futures contracts rose 1.6% and settled at $54.45 per barrel on February 23, 2017.

    By Gordon Kristopher
  • uploads///oil sunset crude oil pic
    Miscellaneous

    Crude Oil and the S&P 500’s Price Movement on July 17

    The S&P 500 rose ~0.4% to 2,809.55 on July 17—the highest closing since February 1. The index rose due to Fed Chair Jerome Powell’s bullish comments.

    By Gordon Kristopher
  • uploads///Rigs
    Energy & Utilities

    Why US Natural Gas Traders Are Tracking OPEC’s Production

    Baker Hughes, a GE company, released its weekly US natural gas rigs report on January 19, 2018. Natural gas rigs increased by two to 189 on January 12–19.

    By Gordon Kristopher
  • uploads///OECD
    Energy & Utilities

    Oil Bears Track OECD’s Crude Oil Inventories

    The EIA estimates that OECD’s oil inventories rose by 2.5 MMbbls to 2.98 MMbbls in September 2017—compared to August 2017.

    By Gordon Kristopher
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