PowerShares DWA Energy Momentum ETF
Latest PowerShares DWA Energy Momentum ETF News and Updates
US Gasoline Inventories: More Concerns for Crude Oil Prices
US gasoline inventories are 7.2% below their all-time high. The expectation of a fall in gasoline inventories could support gasoline prices.
Is Natural Gas Reacting to the US Dollar?
Between March 3, 2016–June 7, 2017, natural gas active futures rose 84.1% while the US dollar fell 0.8%.
What to Expect from Crude Oil Futures This Week
US crude oil (USO) (IXC) (IYE) (PXI) prices are near their one-month low. Lower crude oil prices have a negative impact on oil producers’ earnings.
Is the US Dollar a Factor in Natural Gas’s Current Downturn?
The US dollar (UUP) (UDN) (USDU) fell 0.3% between May 24 and May 31, 2017.
How Did Crude Oil Movement by Rail Trend in February 2017?
The US Energy Information Administration estimates that US crude oil movement by rail fell by 3,546,000 barrels to 10,850,000 barrels in February 2017.
Cushing Crude Oil Inventories Fell for 3rd Consecutive Week
Market surveys estimate that Cushing crude oil inventories rose between April 28 and May 5, 2017.
US Dollar Could Impact Natural Gas Prices
Between March 22 and March 29, 2017, natural gas (GASX) (FCG) (GASL) May futures rose 5.4%. The US dollar rose 0.3% during that period.
Iraq’s Crude Oil Production: More Pain for Crude Oil Bears
The EIA estimates that Iraq’s crude oil production fell by 115,000 bpd (barrels per day) to 4.42 MMbpd in February 2017—compared to the previous month.
Will OECD Crude Oil Inventories Impact Crude Oil Prices in 2017?
The EIA estimates that OECD crude oil inventories rose by 15.9 MMbbls to 3,061 MMbbls in November 2016—compared to the previous month.
Gasoline Demand Impacts Crude Oil and Gasoline Prices
US gasoline prices hit $1.14 per gallon on February 8, 2016—the lowest in 12 years. As of November 29, 2016, prices rose 21.1% from their lows in February.
How Seasonality Impacts Crude Oil Prices
Seasonality plays a key role in influencing crude oil prices. Crude oil prices tend to rise in August due to the summer driving season, which results in a rise in gasoline demand.
How Does the US Dollar Index Influence Crude Oil Prices?
Crude oil and the US Dollar Index are inversely related. The appreciation of the US dollar will negatively influence crude oil prices.
