3X Long Crude ETN Velocityshares (UWTI)
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.
US Dollar Influences Crude Oil Prices
US crude oil (USO) (USL) (OIIL) (DWTI) (UWTI) (SCO) futures contracts for November delivery rose ~9% between September 27 and October 4, 2016.
Why Did UNG Outperform USO?
From June 23—30, the United States Natural Gas ETF (UNG) outperformed the United States Oil ETF (USO). UNG rose ~6.8%, while USO fell ~3.4%.
How Does Seasonality Impact Crude Oil Inventories?
US commercial crude oil inventories fell by around 4.2 MMbbls for the week ending on May 20, 2016—compared to the previous week.
Does Seasonality Impact the Crude Oil Inventory?
US commercial crude oil (USO) (UWTI) inventories fell by 3.4 MMbbls (million barrels) compared to the previous week for the week ending May 6, 2016.
What’s the Correlation between Crude Oil Inventories and Prices?
US commercial crude oil inventories rose by 2.8 million barrels compared to the previous week.
How’s Natural Gas Correlated to Crude Oil?
In the past year, the correlation rose between natural gas and crude oil. During August 2015 and December 2015, the 30-day correlation rose significantly.
How Have Falling Oil Prices Affected Pioneer Natural Resources?
The “lower-for-longer” trend in crude oil prices over the last two years has taken its toll on crude oil producers.
What Are the Long-Term Crude Oil Price Forecasts?
The IMF (International Monetary Fund) forecasts that crude oil prices (Intercontinental Exchange Brent, Dubai, and West Texas Intermediate crude oil prices) could average around $45.30 per barrel in 2020.
$24 Billion Question: Has Crude Oil Hit Rock Bottom?
The latest fund flow data suggest that around $24 billion has gone into oil ETFs in the last 18 months.