Here’s how Direxion ETFs can help you cut your losses and generate alpha. Take a closer look at the S&P 500 and key indicators from the first half of 2019.
US gasoline inventories The U.S. Energy Information Administration reported that US gasoline inventories rose 35,000 barrels to 229.9 MMbbls (million barrels) between August 18 and 25, 2017. Inventories fell 2.1 MMbbls, or 0.9%, from the same period in 2016. For the third time in five weeks, inventories rose. A market survey estimated that US gasoline […]
The US Commodity Futures Trading Commission reported on Friday, August 25, that hedge funds have cut back their bullish positions in US crude futures and options.
The EIA (U.S. Energy Information Administration) estimates that Saudi Arabia’s crude oil production rose by 50,000 bpd (barrels per day) to 10.20 MMbpd (million barrels per day) in July 2017 compared to the previous month.
The EIA (US Energy Information Administration) estimates that US gasoline demand rose 1.5% to 9.6 MMbpd (million barrels per day) in May 2017 compared to May 2016.
Hedge funds increased their net bullish positions in US crude oil futures and options rose by 36,834 contracts to 215,488 contracts on July 11–18, 2017.
The EIA (U.S. Energy Information Administration) estimates that weekly US gasoline demand rose by 547,000 bpd or 6% to 9,816,000 bpd on June 9–16, 2017.
The Commodity Futures Trading Commission reported that hedge funds decreased their net long positions in US crude oil futures and options on June 13–20.
ETF Securities A return to backwardation? Among the three components of total return when investing in futures contracts (price return, roll yield, and collateral yield), the roll yield for the energy sector has been a continuous performance drag over the last decade (see “Drag on performance” chart below). Oil futures markets are most often in […]
A recent survey estimated that inventories at Cushing could have fallen on June 2–9, 2017. Inventories at Cushing fell for the seventh time in ten weeks.
US gasoline futures contracts for June delivery fell 0.1% to $1.60 per gallon on May 17, 2017. Prices fell due to a lower fall in US gasoline inventories.
On May 16, 2017, the API released its weekly crude oil inventory report. US crude oil inventories rose by 0.8 MMbbls (million barrels) on May 5–12, 2017.
US refineries operated at 91.5% of their operable capacity in the week ending May 5, 2017. The US refinery demand fell for the second consecutive week.
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.
The EIA (U.S. Energy Information Administration) estimated that four-week average US gasoline demand fell by 80,000 bpd to 9,237,000 bpd on April 14–21.
The EIA (U.S. Energy Information Administration) reported that US crude oil production rose by 13,000 bpd (barrels per day) to 9,265,000 bpd on April 14–21.
The energy sector contributed to ~6.6% of the S&P 500 (SPY) (SPX-INDEX) on April 21, 2017. Crude oil and natural gas are major parts of the energy sector.
Gasoline futures contracts for May delivery fell 3% to $1.65 per gallon on April 19, 2017. Prices fell due to the surprise build in US gasoline inventories.
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.
The EIA (U.S. Energy Information Administration) reported that US gasoline inventories fell 2.9 MMbbls (million barrels) to 236.1 MMbbls between March 31, 2017, and April 7, 2017.
On March 21, 2017, the API released its weekly crude oil inventory report. It reported that US crude oil inventories fell by 4.5 MMbbls from March 10–17.
US crude oil futures contracts for April delivery fell 0.6% between February 21 and February 28, 2017. The US Dollar Index fell 0.2% during that period.
Major producers’ production cut deal led to a fall in OPEC’s crude oil production by 30,000 bpd to 32.19 MMbpd in February 2017—compared to January 2017.
On February 22, the API released its weekly crude oil inventory report. It reported that US crude oil inventories fell by 0.88 MMbbls from February 10–17.
US crude oil futures contracts for April delivery rose 1.6% between February 14 and February 21, 2017. The US Dollar Index didn’t change during that period.
Crude oil prices rose between November 15 and December 28, 2016, due to the expectation that major oil producers’ production cuts would curb oversupply.
The EIA estimates that Iran’s crude oil production rose by 20,000 bpd (barrels per day) to 3,720,000 bpd in December 2016—compared to the previous month.
The EIA reported that US refinery crude oil demand rose by 418,000 bpd (barrels per day) to 17,107,000 bpd between December 30, 2016, and January 6, 2017.
February WTI (West Texas Intermediate) crude oil futures contracts fell 0.2% to $53.2 per barrel in electronic trade at 4:50 AM EST on January 5, 2017.
The EIA estimates that the world oil supply and demand gap averaged 780,000 bpd (barrels per day) in 1H16. It’s expected to average 650,000 bpd in 2H16.
Goldman Sachs expects that US WTI crude oil prices will average $55 per barrel in 1H17—compared to past estimates of $47.5 per barrel for the same period.
Oil and gas exploration and production companies’ performances have been poor over the trailing-five-day and trailing-one-month periods due to lower crude oil prices.
Donald Trump supports increasing production of fossil fuels like coal, crude oil, and natural gas. It could support employment and benefit the economy.
December NY Harbor ULSD futures fell 3.3% and settled at $1.46 per gallon on November 2. Diesel futures fell despite the decline in distillate inventories.
