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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%.
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.
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.
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.
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.
Is the Oil Market Moving toward a Supply Deficit?
On February 16, 2018, US crude oil April 2018 futures closed $5.34 above the April 2019 futures contract.
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%.
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.”
Are Oil ETFs Gaining from Higher Oil Prices?
Between January 19 and January 26, 2018, the United States Oil ETF (USO) rose 4.1%.
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.
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.
Are Oil ETFs Outperforming Oil?
Between January 12 and January 19, 2018, the United States Oil ETF (USO) fell 1.2%.
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%.
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%.
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.
What Could Be the High for US Crude Oil Next Week?
On January 11, 2018, US crude oil’s implied volatility was 18.2%. That was 5.2% above its 15-day average.
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.
Natural Gas Traders Should Stay Cautious of Oil Rigs
On December 29, the natural gas rig count was 88.7% below its record high of 1,606 in 2008. However, natural gas supplies have risen drastically since 2008.
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.
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.
Higher Oil Prices: A Must for These Natural Gas–Weighted Stocks
All these natural gas–weighted stocks show a higher correlation with oil than with natural gas prices in this short-term period.
US Crude Oil and Oil ETFs: Which One Is Rising More?
From December 15–22, 2017, the United States Oil ETF (USO) rose 1.7%. USO holds US crude oil near-month futures contracts.
Is $60 Achievable for US Crude Oil Next Week?
Implied volatility On December 21, 2017, US crude oil futures’ implied volatility was 15.6%, the lowest seen since September 2, 2014. In the last trading session, the implied volatility was 17.5% below its 15-day average. Supply-glut concerns dragged US crude oil (UCO) (DBO) (OIIL) futures to a 12-year low on February 11, 2016, with an implied volatility […]
Is Natural Gas Moving with Oil Prices?
The correlation between natural gas (GASL)(GASX)(FCG) active futures with US crude oil active futures was 99.8% between December 12 and December 19.
What Oil Bulls Could Expect for Oil Inventories
Oil stockpiles In the week ended December 8, 2017, US crude oil inventories fell by 5.1 MMbbls (million barrels) to 443 MMbbls. However, motor gasoline inventories rose 5.7 MMbbls. The data was released by the EIA (U.S. Energy Information Administration) on December 13. That day, US crude oil prices fell 0.9%. Inventory spread The gap between US oil inventories […]
This Oil-Tracking ETF Fell the Most Last Week
Between December 8 and December 15, the United States Oil Fund (USO)—which invests in crude US oil near-month futures contracts—fell 0.3%.
Oil ETFs That Outperformed US Crude Oil Last Week
On December 1–8, 2017, the United States Oil Fund (USO), which holds crude US oil futures contracts, fell 1.5%. US crude oil January 2018 futures fell 1.7%.
US Crude Oil Prices Could Remain below $58 Next Week
On December 7, 2017, US crude oil’s implied volatility was 20% or ~1.1% less than its 15-day average. On December 1, the implied volatility fell to 19.8%.
Does the Natural Gas Fall Relate to Oil’s Decline?
Between November 29 and December 6, natural gas (GASL)(GASX)(FCG) January 2018 futures had a correlation of -1.6% with US crude oil January futures.
Analyzing Crude Oil Inventories and Oil Prices
In the week ending November 24, 2017, US crude oil inventories fell by 3.4 MMbbls (million barrels) to 453.7 MMbbls.
Will the Inventories Spread Impact US Crude Oil?
US commercial crude oil inventories fell by 1.9 MMbbls in the week ending November 17, 2017—0.5 MMbbls more than the market’s expected fall.
Is Oil Bullishness Boosting Oil ETFs?
Between November 17 and November 24, 2017, the United States Oil Fund LP (USO), which tracks WTI crude oil near-month futures, rose 3.9%.
What to Expect from US Crude Oil Next Week
On November 22, 2017, US crude oil’s implied volatility was 23%—approximately 3% below its 15-day average.
How Closely Is Natural Gas Tracking Oil?
Between November 15 and 22, natural gas (UNG)(FCG) January futures had a correlation of 52.5% with US crude oil January futures.
Does the Inventory Spread Hint at More Upside for Oil?
US commercial crude oil inventories rose by 1.9 MMbbls (million barrels) to 459 MMbbls in the week ended November 10.
How Oil ETFs Are Reacting to Oil’s Weakness
Between November 10 and November 17, the United States Oil Fund LP (USO) fell 0.6%, while US crude oil active futures fell 0.5%.
Oil Rigs Are the Biggest Concern for Natural Gas
In the week ending November 10, 2017, the oil rig count rose by nine—the largest rise since June 30, 2017. Strong oil prices spurred the rise.
Which Natural-Gas-Weighted Stocks Are Following Oil?
CHK has had a negative correlation with natural gas prices in the past five trading sessions.
How Oil ETFs Are Reacting to Oil’s Rise
Between November 3 and November 10, 2017, the United States Oil Fund LP (USO) rose 2.1%, only ten basis points above the gain in US crude oil December futures.
US Crude Oil’s Price: Could Reach $60 Next Week
Based on the implied volatility of 24.4% and a standard deviation of one, US crude oil active futures could settle between $55.24 and $59.10 per barrel.
Futures Spread: Is the Oil Market Tightening?
On November 7, 2017, US crude oil (OIIL) December 2018 futures settled $2.08 below the December 2017 futures.
Inventories Spread: Can Oil Prices Continue to Rise?
In the week ended October 27, 2017, the US commercial crude oil stockpiles fell 2.4 MMbbls. That same day, US crude oil prices fell 0.1%.
How Oil ETFs Stood next to US Crude Oil Last Week
Between October 27 and November 3, the United States Oil Fund LP (USO) rose 3.1%—just ten basis points below the rise of US crude oil December futures.
Are Natural Gas Prices Underperforming Crude Oil?
Between October 25 and November 1, US crude oil futures rose 4.1%, while natural gas futures fell 6.1%.
How the Inventories Spread Is Affecting Crude Oil
In the week ended October 20, 2017, US commercial crude oil inventories rose by 0.9 MMbbls (million barrels) to 457.3 MMbbls.
Natural Gas–Weighted Stocks That Are Rising with Oil Prices
From October 23–30, 2017, our list of natural gas–weighted stocks rose 2.2%. Natural gas (USO) (DBO) December futures fell 6% over this same time period.
Which Oil ETF Could a Good Bet on Rising Oil Prices?
On October 20–27, 2017, the United States Oil Fund LP (USO) rose 3.9%, while US crude oil (DBO) December futures rose 4%.
How Oil Prices Matter to Natural Gas
Between October 18 and October 25, 2017, natural gas active futures had a correlation of 27.4% with US crude oil futures.
Why the Inventories Spread Indicates Higher Oil Prices
In the week ended October 13, 2017, US crude oil stockpiles have fallen by 5.7 MMbbls (million barrels) to 456.5 MMbbls, according to EIA (US Energy Information Administration) data released on October 18, 2017.
Will Oil Rigs Cause a U-Turn in Natural Gas Prices?
Last week (ended October 13, 2017), the natural gas rig count fell by two to 185, but on a YoY (year-over-year) basis, the natural gas rig count rose 76.2%.
