Invesco DB Oil Fund

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  • uploads///engineering fuel gas holders
    Energy & Utilities

    EQT Stock Fell after Its Second-Quarter Earnings

    Following EQT’s (EQT) second-quarter earnings release on July 26, its stock fell ~2%. EQT missed the revenue and earnings estimates.

    By Keisha Bandz
  • uploads///Bunker Fuel Prices_Week
    Energy & Utilities

    Bunker Fuel Prices and Crude Oil Prices Fell in Week 30

    For the week ending July 27, oil prices rose 2%. Oil prices were supported by EIA’s (U.S. Energy Information Administration) weekly report.

    By Sue Goodridge
  • uploads///stock
    Energy & Utilities

    Analyzing Continental Resources’ Stock Performance

    Continental Resources (CLR) stock has been on a consistent uptrend since the beginning of 2018. The stock has risen 12.6% year-to-date.

    By Keisha Bandz
  • uploads///stock
    Energy & Utilities

    How Has Noble Energy Stock Been Performing Recently?

    Year-over-year, NBL stock has risen ~22.7%, while crude oil prices have surged 46.5% in the same period.

    By Keisha Bandz
  • uploads///Bunker Fuel Prices_Week
    Energy & Utilities

    Where Did Bunker Fuel Prices Head in Week 29?

    On July 12–19, bunker fuel’s average price fell to $478.5 per ton from $504 per ton. The bunker fuel prices at Rotterdam fell to $416 per ton.

    By Sue Goodridge
  • uploads///SI
    Energy & Utilities

    A Look at the Short Interest Trends in Oasis Petroleum Stock

    On July 20, short interest as a percentage of float in Oasis Petroleum (OAS) stock (its short interest ratio) was ~13.01%.

    By Keisha Bandz
  • uploads///Bunker Fuel Prices_Week
    Energy & Utilities

    A Look at Bunker Fuel Prices Last Week

    Between July and July 12, bunker fuel’s average price fell to $504 from $505.25 per ton.

    By Sue Goodridge
  • uploads///net debt
    Company & Industry Overviews

    Why Chesapeake’s Net Debt Fell Last Quarter

    Chesapeake Energy’s (CHK) net debt-to-adjusted EBITDA multiple in the first quarter was ~4.1x.

    By Keisha Bandz
  • uploads///DJ basin
    Company & Industry Overviews

    Key Update: Anadarko Petroleum’s DJ Basin Operations

    Anadarko Petroleum’s (APC) DJ Basin upstream operations are to receive $1 billion–$1.5 billion in capex this year. Per Anadarko Petroleum management, free cash flow from the region is expected to surpass $1 billion.

    By Keisha Bandz
  • uploads///SI
    Energy & Utilities

    What Are the Short Interest Trends in Whiting Petroleum Stock?

    On June 11, Whiting Petroleum’s (WLL) short interest ratio (short interest as a percentage of float) was ~16%.

    By Keisha Bandz
  • uploads///oil rig _
    Energy & Utilities

    What’s Happening with Whiting Petroleum Stock Recently?

    Whiting Petroleum stock has been surging, rising ~2.8% in the five trading sessions leading up to June 11.

    By Keisha Bandz
  • uploads///Bunker Fuel_Week
    Miscellaneous

    Where Are Bunker Fuel Prices Headed?

    On May 24, the average bunker fuel price was $512.25 per ton compared to $509.25 per ton on May 17.

    By Sue Goodridge
  • uploads///EBITDA
    Earnings Report

    Analysts Estimate a 65% Fall in Frontline’s First-Quarter EBITDA

    Analysts’ EBITDA estimate for Frontline in the first quarter is $33.2 million—a 65% decrease from $97.3 million in the first quarter of 2017.

    By Sue Goodridge
  • uploads///natural gas _
    Miscellaneous

    How Chesapeake Energy Stock Moved Last Week

    Key factors have been supporting CHK stock recently, including rising oil prices, strong earnings, higher production, and the company paying down its debt.

    By Keisha Bandz
  • uploads///natural gas _
    Energy & Utilities

    What’s the Latest News on Chesapeake Energy Stock?

    Chesapeake Energy (CHK) stock increased 18.5% in the week ending May 15. The stock was supported by higher crude oil prices (DBO) (UCO).

    By Keisha Bandz
  • 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
  • uploads///SI
    Energy & Utilities

    Short Interest Trends, Implied Volatility in WLL Stock

    On April 25, the short interest ratio (short interest as a percentage of float) for Whiting Petroleum (WLL) stock was ~21.0%.

    By Keisha Bandz
  • uploads///p
    Miscellaneous

    Why Brent and WTI Crude Oil Are Diverging

    On April 26, US crude oil June futures rose just 0.2% and closed at $68.19 per barrel.

    By Rabindra Samanta
  • 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
  • uploads///DXY
    Miscellaneous

    US Dollar Index Will Impact Crude Oil Futures

    The US Dollar Index fell ~0.1% to 89.5 on April 10–17, 2018. WTI crude oil prices increased ~1.5% on April 10–17, 2018.

    By Gordon Kristopher
  • uploads///oil pump jack sunset clouds
    Miscellaneous

    US Crude Oil Could Move above $70

    On April 6–13, 2018, US crude oil May futures rose 8.6%—the largest weekly gain since July 28, 2017.

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

    Why Geopolitical Factors May Not Ease for Oil Soon

    On April 12, 2018, US crude oil May futures rose 0.4% and closed at $67.07 per barrel, their highest closing level in more than three years.

    By Rabindra Samanta
  • uploads///FANG stock
    Energy & Utilities

    How Has Diamondback Energy Stock Performed in 2018?

    On a YoY basis, Diamondback Energy stock has increased 8.3%. Diamondback Energy stock has outperformed the Energy Select Sector SPDR ETF (XLE).

    By Keisha Bandz
  • uploads///tanker _
    Miscellaneous

    Which Crude Tanker Stocks Didn’t Make the Top 5?

    Nordic American Tankers (NAT) hit a 52-week low of $1.82 on April 3, 2018. The stock has fallen more than 76% in the past year.

    By Sue Goodridge
  • uploads///oil oil production oil pump
    Energy & Utilities

    More Weakness in Oil Prices?

    On March 29–April 6, 2018, US crude oil May futures fell 4.4% and settled at $62.06 per barrel on April 6, 2018.

    By Rabindra Samanta
  • uploads///Gasoline
    Miscellaneous

    Gasoline and Distillate Inventories Could Boost Crude Oil Futures

    The API reported that US gasoline inventories increased by 1.1 MMbbls (million barrels) on March 23–30, 2018.

    By Gordon Kristopher
  • uploads///Bunker Fuel Prices_Week
    Energy & Utilities

    Analyzing Bunker Fuel Prices in Week 12

    On March 22, 2018, the average bunker fuel price was $423 per ton—compared to $413 per ton on March 15.

    By Sue Goodridge
  • uploads///stock trading monitor desk
    Energy & Utilities

    Why Did Oil Prices Fall?

    On March 22, natural gas April 2018 futures declined 0.8% and settled at $2.62 per million British thermal units.

    By Rabindra Samanta
  • uploads///oil _ image
    Miscellaneous

    Crude Oil Futures Hit a 6-Week High

    The WTI (West Texas Intermediate) crude oil futures contracts for May delivery increased 2.6% to $65.17 per barrel on March 21, 2018.

    By Gordon Kristopher
  • uploads///Bunker Fuel Prices_Week
    Energy & Utilities

    Where Did Bunker Fuel Prices Head in Week 11?

    On March 15, 2018, the average bunker fuel price was $413 per ton—compared to $411 per ton on March 8.

    By Sue Goodridge
  • uploads///image
    Miscellaneous

    US Dollar Is near a 3-Week High

    The US Dollar Index appreciated 0.67% to 90.37 on March 20, 2018. The US Dollar Index is near a three-week high ahead of the Fed’s meeting.

    By Gordon Kristopher
  • uploads///oil _ image
    Miscellaneous

    Crude Oil Futures Fell before the US Oil Inventories Report

    US crude oil futures contracts for May delivery fell 0.4% to $62.13 per barrel on March 19, 2018.

    By Gordon Kristopher
  • uploads///fe
    Miscellaneous

    Will the Recovery in Oil Prices Last?

    On March 15, US crude oil April 2018 futures rose 0.4% and closed at $61.19 per barrel.

    By Rabindra Samanta
  • uploads///US crude oil production
    Miscellaneous

    US Crude Oil Production Has Risen ~23% since July 2016

    US oil prices have dropped 7.8% since January 26, 2018.

    By Gordon Kristopher
  • uploads///DXY
    Miscellaneous

    US Dollar Could Benefit Crude Oil Futures

    The US Dollar Index depreciated 0.3% to 89.6 on March 13, 2018—near a one-week low. US crude oil prices decreased 1.1% on March 13, 2018.

    By Gordon Kristopher
  • uploads///Bunker Fuel Prices_Week
    Energy & Utilities

    Week 10: Where Bunker Fuel Prices Are Heading

    On March 8, 2018, the average bunker fuel price was $411 per ton—compared to $409.5 per ton on March 1.

    By Sue Goodridge
  • uploads///oil _ image
    Miscellaneous

    US Shale Oil Production Could Pressure Crude Oil Futures

    April US crude oil futures contracts fell 1.1% to $61.36 per barrel on March 12, 2018. Brent oil futures fell 0.8% to $64.95 per barrel on March 12, 2018.

    By Gordon Kristopher
  • uploads///image
    Miscellaneous

    Possible Downside for US Crude Oil Next Week

    On March 8, 2018, US crude oil’s implied volatility was at 23.3%. On the same day, oil’s implied volatility was 1.3% below its 15-day moving average.

    By Rabindra Samanta
  • uploads///oil port _
    Miscellaneous

    Analyzing the Weakness in Crude Oil

    On March 8, 2018, US crude oil April 2018 futures declined 1.7% and closed at $60.12 per barrel.

    By Rabindra Samanta
  • uploads///oil _ image
    Miscellaneous

    Brent and US Crude Oil Futures Are near a 1-Week Low

    April West Texas Intermediate crude oil futures contracts fell 2.3% to $61.15 per barrel on March 7, 2018.

    By Gordon Kristopher
  • uploads///image
    Miscellaneous

    US Crude Oil Could Fall below $60 Next Week

    On March 1, 2018, US crude oil’s implied volatility was at 23.7%—0.4% below its 15-day average.

    By Rabindra Samanta
  • uploads///oil _ image
    Miscellaneous

    US Crude Oil Futures Are near a 2-Week Low

    April US crude oil futures contracts fell 2.2% to $61.64 per barrel on February 28, 2018—the lowest settlement since February 15, 2018.

    By Gordon Kristopher
  • uploads///oil _ image
    Miscellaneous

    US Crude Oil Futures near 3-Week High before Inventory Report

    April WTI crude oil futures contracts rose 0.6% and settled at $63.91 per barrel on February 26, 2018.

    By Gordon Kristopher
  • uploads///image
    Miscellaneous

    US Crude Oil Could Move to $65 Next Week

    On February 22, 2018, US crude oil’s implied volatility was at 21.7%—6.5% less than its 15-day average.

    By Rabindra Samanta
  • uploads///p
    Miscellaneous

    Why Did Oil Prices Move Higher?

    On February 22, 2018, US crude oil’s April 2018 futures rose 1.8% and closed at $62.77 per barrel.

    By Rabindra Samanta
  • uploads///Distillates
    Miscellaneous

    US Distillate Inventories Fell for the Third Time in 5 Weeks

    US distillate inventories decreased by 2.4 MMbbls (million barrels) to 138.9 MMbbls on February 9–16, 2018, according to the EIA.

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

    US Crude Oil Production Fell Slightly from Record High

    US crude oil production decreased by 1,000 bpd to 10,270,000 bpd on February 9–16, 2018. However, production increased by 1,269,000 bpd or 14.1% YoY.

    By Gordon Kristopher
  • uploads///GrmwVnVSSdU
    Miscellaneous

    Oil Prices: $60 Could Be a Strong Support This Week

    On February 9–16, 2018, US crude oil April futures rose 4.3% and closed at $61.55 per barrel on February 16, 2018.

    By Rabindra Samanta
  • uploads///oil port _
    Miscellaneous

    What Caused the U-Turn in Oil Prices?

    On February 15, 2018, US crude oil’s April 2018 futures rose 1.1% and settled at $61.17 per barrel. On the same day, the US dollar fell 0.6%.

    By Rabindra Samanta
  • uploads///Distillates
    Miscellaneous

    US Distillate Inventories Declined: Fourth Time in 10 Weeks

    US distillate inventories decreased by 0.5 MMbbls (million barrels) or 0.3% to 141.4 MMbbls on February 2–9, 2018.

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

    Will OPEC’s Production Cuts Offset Record Crude Oil Production?

    US crude oil production increased by 20,000 bpd (barrels per day) to a record high of 10,271,000 bpd on February 2–9, 2018.

    By Gordon Kristopher
  • uploads///crude oil
    Fund Managers

    Leon Cooperman: Crude Oil Could Reach $70 per Barrel Soon

    Leon Cooperman said, “I think the supply-demand outlook is favorable, and we would not be surprised to see oil reaching $70 a barrel.”

    By Sarah Sands
  • uploads///DXY
    Miscellaneous

    US Dollar Could Support Crude Oil Futures

    March US crude oil futures rose 0.51% to $59.59 per barrel at 1:00 AM EST on February 13, 2018.

    By Gordon Kristopher
  • uploads///p
    Miscellaneous

    Why Oil’s Decline Could Continue

    Between February 2 and February 9, 2018, US crude oil March futures fell 9.5% to close at $59.2 per barrel on February 9.

    By Rabindra Samanta
  • uploads///Distillates
    Miscellaneous

    US Distillate Inventories Rose for the Seventh Time in 10 Weeks

    US distillate inventories increased by 3.9 MMbbls to 141.8 MMbbls on January 26–February 2, 2018. Inventories increased 2.8% week-over-week.

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

    Rise in US Crude Oil Inventories Pressures Crude Oil Futures

    According to the EIA, US crude oil inventories increased by 1.9 MMbbls (million barrels) to 420.2 MMbbls on January 26–February 2, 2018.

    By Gordon Kristopher
  • uploads///Gasoline demand
    Miscellaneous

    EIA Upgrades US Gasoline Demand for 2019

    The four-week average US gasoline demand increased by 99,000 bpd (barrels per day) or 1.1% to 8,806,000 bpd on January 19–26, 2018.

    By Gordon Kristopher
  • uploads///Bunker Fuel Prices_Week
    Miscellaneous

    Where Did Oil Prices and Bunker Fuel Prices Head in Week 5?

    On February 1, 2018, the average bunker fuel price was $444 per ton—compared to $445 per ton on January 25.

    By Sue Goodridge
  • uploads///stock
    Earnings Report

    Long or Short: What’s Your Call on Chesapeake Energy Stock?

    Chesapeake Energy stock declined 2.3% in the week ending January 29. The rise in crude oil didn’t drive an equivalent increase in Chesapeake Energy stock.

    By Keisha Bandz
  • uploads///Major producers June
    Miscellaneous

    OPEC Could Extend Crude Oil Production Cuts beyond 2018

    March US crude oil futures contracts fell 0.9% to $65.56 per barrel on January 29, 2018. Brent oil futures fell 1.5% to $69.46 per barrel on the same day.

    By Gordon Kristopher
  • uploads///image
    Miscellaneous

    Are Oil ETFs Gaining from Higher Oil Prices?

    Between January 19 and January 26, 2018, the United States Oil ETF (USO) rose 4.1%.

    By Rabindra Samanta
  • uploads///image
    Miscellaneous

    Does Natural Gas’s Rise Depend on Crude Oil?

    Between January 16 and January 23, 2018, natural gas (GASL) (UNG) (FCG) had a correlation of 84.6% with US crude oil (OIIL) (USL) (DBO) active futures.

    By Rabindra Samanta
  • uploads///US distillate
    Energy & Utilities

    US Distillate Inventories Rose for the Eighth Time in 10 Weeks

    US distillate inventories rose by 0.64 MMbbls (million barrels) to 139.8 MMbbls on January 12–19, 2018, according to the EIA.

    By Gordon Kristopher
  • uploads///US crude oil production
    Energy & Utilities

    Is US Crude Oil Production near an All-Time High?

    US crude oil production rose by 128,000 bpd (barrels per day) or 1.3% to 9,878,000 bpd on January 12–19, 2018, according to the EIA.

    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
  • uploads///Gasoline demand
    Energy & Utilities

    US Gasoline Demand Could Extend the Crude Oil Price Rally

    The EIA estimated that four-week average US gasoline demand decreased by 190,000 bpd (barrels per day) to 8,904,000 bpd on January 5–12, 2018.

    By Gordon Kristopher
  • uploads///image
    Miscellaneous

    Oil Prices after the EIA’s Inventory Report

    After the EIA released the data on January 18, US crude oil prices were almost flat due to other factors like rising US production.

    By Rabindra Samanta
  • uploads///Crude oil price
    Energy & Utilities

    Refinery Margins and US Oil Production Could Pressure Oil Futures

    The EIA will release its weekly crude oil production data on January 24, 2018. Baker Hughes will release its weekly US crude oil rigs report on January 26.

    By Gordon Kristopher
  • uploads///image
    Miscellaneous

    Are Oil ETFs Outperforming Oil?

    Between January 12 and January 19, 2018, the United States Oil ETF (USO) fell 1.2%.

    By Rabindra Samanta
  • 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///Distillates
    Miscellaneous

    US Distillate Inventories Fell for the Third Time in 10 Weeks

    US distillate inventories fell by 3.8 MMbbls or 2.7% to 139.2 MMbbls on January 5–12, 2018. The inventories fell by 29.9 MMbbls or 18% from a year ago.

    By Gordon Kristopher
  • uploads///US crude oil production
    Energy & Utilities

    OPEC Upgraded US Crude Oil Production Figures for 2018

    According to the EIA, US crude oil production increased by 258,000 bpd (barrels per day) to 9,750,000 bpd on January 5–12, 2018.

    By Gordon Kristopher
  • uploads///INTERMODA
    Earnings Report

    What Sank CSX’s Intermodal Revenues in 4Q17?

    CSX’s (CSX) intermodal revenues shrank 1.3% to $471.0 million in 4Q17, down from $477.0 million in the fourth quarter of 2016.

    By Samuel Prince
  • uploads///Crude oil supply outage
    Energy & Utilities

    Global Crude Oil Supply Outages Are near a 4-Month High

    Global crude oil supply outages increased by 208,000 bpd (barrels per day) to 1,738,000 bpd in December 2017—compared to the previous month.

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

    How Whiting Petroleum’s 4Q17 Earnings Could Affect Its Stock

    Whiting Petroleum (WLL) stock increased 5.8% in the week ended January 12, 2018, compared to the week ended January 5, 2018. WLL has been on an uptrend, mirroring crude oil prices.

    By Keisha Bandz
  • uploads///image
    Miscellaneous

    Are the Gains in Natural Gas and Oil Coincidental?

    Between January 9 and January 16, 2018, the correlation between natural gas and US crude oil active futures was 52.7%.

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

    Iraq’s Crude Oil Production Capacity Could Hit 5 MMbpd

    The EIA estimated that Iraq’s crude oil production increased by 60,000 bpd to 4,380,000 bpd in December 2017—compared to the previous month.

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

    Will US Oil Production Pressure Crude Oil Futures?

    February WTI crude oil futures contracts fell 0.9% to $63.73 per barrel on January 16. Brent oil futures fell 1.6% to $69.15 per barrel on the same day.

    By Gordon Kristopher
  • uploads///image
    Miscellaneous

    Oil ETFs: How They’re Performing at Oil’s 3-Year High

    Between January 5 and January 12, 2018, the United States Oil ETF (USO), which holds positions in US crude oil active futures, gained 4.5%.

    By Rabindra Samanta
  • uploads///JAG stock
    Energy & Utilities

    Jagged Peak Energy’s Stock Performance in 2017

    Now, let’s look at Jagged Peak Energy’s (JAG) stock performance in comparison to the benchmark energy sector, the broader market, as well as crude and natural gas prices.

    By Keisha Bandz
  • uploads///Analyst Recco
    Miscellaneous

    Week 2: Analysts’ Ratings for Crude Tanker Stocks

    In the week ending January 12, 2018, none of the analysts revised their recommendations on crude (DBO) tanker companies.

    By Sue Goodridge
  • uploads///image
    Miscellaneous

    Oil Inventory Data Could Push Oil Higher

    In the week ending January 5, 2018, US crude oil inventories fell by 4.9 MMbbls (million barrels)—1 MMbbls more than the market’s expected fall.

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

    Cushing Inventories Fell 33% from the Peak

    Analysts expect that Cushing crude oil inventories could have declined on January 5–12, 2018. A fall in Cushing inventories is bullish for oil prices.

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

    Possible Sanctions against Iran Could Impact Crude Oil Prices

    Any increase in Iran’s crude oil production has a negative impact on oil prices. Lower oil (OIL) (DBO) prices are bearish for energy producers (IXC) (FXN).

    By Gordon Kristopher
  • uploads///Major producers June
    Miscellaneous

    Will Crude Oil Futures and Wall Street Extend Their Rally?

    February WTI crude oil futures contracts rose 0.34% to $64.52 per barrel at 12:05 AM EST on January 16, 2018. It’s the highest level since December 2014.

    By Gordon Kristopher
  • uploads///Analyst Recco
    Miscellaneous

    UBS Downgraded Gener8 Maritime Partners

    On January 4, 2018, UBS downgraded Gener8 Maritime Partners (GNRT) to “neutral” from “buy” and raised the target price to $6.75 from $6.5.

    By Sue Goodridge
  • uploads///Distillates
    Energy & Utilities

    US Distillate Inventories Rose for the Seventh Time in 8 Weeks

    US distillate inventories rose by 4.2 MMbbls (million barrels) to 143.1 MMbbls between December 29, 2017, and January 5, 2018.

    By Gordon Kristopher
  • uploads///US crude oil inventories
    Energy & Utilities

    US Crude Oil Production Fell and Boosted Oil Futures

    US crude oil production fell by 290,000 bpd (barrels per day) or 3% to 9,492,000 bpd between December 29, 2017, and January 5, 2018.

    By Gordon Kristopher
  • uploads///oil price and inventory
    Miscellaneous

    Crude Oil Futures Continued to Rally, Wall Street Fell

    February WTI crude oil futures contracts also rose 1% to $63.57 per barrel on January 10, 2018. It’s the highest settlement since December 2014.

    By Gordon Kristopher
  • uploads///gasoline demand
    Energy & Utilities

    US Gasoline Demand Is Significant for Crude Oil Bulls

    According to the EIA, US gasoline demand fell by 835,000 bpd (barrels per day) or 8.8% to 8,650,000 bpd on December 22–29, 2017.

    By Gordon Kristopher
  • uploads///image
    Miscellaneous

    Stockpiles Could Push US Crude Oil to a New 3-Year High

    On January 8, 2018, US crude oil (USO) (USL) February 2018 futures were 0.5% below their three-year high. The EIA will report the data on January 10, 2018.

    By Rabindra Samanta
  • uploads///image
    Miscellaneous

    Crude Oil Futures: Next Important Resistance Level

    WTI crude oil (UCO) futures closed at $62.01 per barrel on January 4, 2018—the highest level since December 2014. WTI prices rose ~12.4% in 2017.

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

    Are US Crude Oil Rigs Impacting Crude Oil Prices?

    US crude oil rigs fell by five or 0.7% to 742 between December 29, 2017, and January 5, 2018. The rigs were near an eight-week low.

    By Gordon Kristopher
  • uploads///NG rigs
    Energy & Utilities

    OPEC Could Pressure US Natural Gas Prices in 2018

    US natural gas rigs rose 35% in the last 12 months, while US natural gas prices (UNG) fell 20% during this period.

    By Gordon Kristopher
  • uploads///Gasoline inventories
    Energy & Utilities

    US Gasoline Inventories Could Pressure Crude Oil Prices

    The EIA estimated that US gasoline inventories increased by 4.8 MMbbls (million barrels) or 2.1% to 233.1 MMbbls on December 22–29, 2017.

    By Gordon Kristopher
  • uploads///Gasoline inventories
    Miscellaneous

    Decoding US Gasoline and Distillate Inventories Last Week

    According to the API, US gasoline inventories rose by 1.9 MMbbls (million barrels) on December 22–29, 2017.

    By Gordon Kristopher
  • uploads///image
    Miscellaneous

    Which Oil ETFs Might Be a Better Bet in 2018?

    On December 29, 2017, the closing prices of US crude oil futures contracts between March 2018 and January 2019 were progressively lower.

    By Rabindra Samanta
  • uploads///gasoline demand
    Energy & Utilities

    US Gasoline Demand Could Support Crude Oil Bulls in 2018

    The four-week average US gasoline demand rose by 190,000 bpd (barrels per day) to 9,224,000 bpd on December 15–22, 2017, according to the EIA.

    By Gordon Kristopher
  • uploads///image
    Miscellaneous

    How Much Fall in Inventories Could Support Oil This Week?

    In the week ended December 22, 2017, US crude oil inventories were 431.9 MMbbls (million barrels), a fall of 4.6 MMbbls compared to the previous week.

    By Rabindra Samanta
  • uploads///Oil prices
    Energy & Utilities

    Will US Crude Oil Futures Test a 3-Year High?

    US crude oil (USO) futures hit $60.73 per barrel in early morning trade on January 2, 2018—the highest level since June 2015.

    By Gordon Kristopher
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