VelocityShares 3x Long Crude Oil ETN

Latest VelocityShares 3x Long Crude Oil ETN News and Updates

  • uploads///Correlation of Natural Gas With Crude Oil
    Miscellaneous

    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.

    By Rabindra Samanta
  • uploads///image
    Miscellaneous

    Brent-WTI Spread Impacts Your Oil-Related Investments

    On February 14, WTI crude oil (USO) (USL) (OIIL) (SCO) active futures traded at a discount of $2.84 per barrel compared to Brent crude oil active futures.

    By Rabindra Samanta
  • uploads///wti chart  may
    Macroeconomic Analysis

    Uncertain Times for the Crude Oil Market: Neutral Doji Pattern

    June WTI crude oil futures showed the neutral doji pattern on May 9. Oil prices are swinging due to the frequent change in supply and demand dynamics.

    By Gordon Kristopher
  • uploads///cftc new
    Macroeconomic Analysis

    Hedge Funds’ Net Long Positions in US Natural Gas Are Low

    Hedge funds decreased their net long positions in US natural gas futures and options contracts to a nine-week low for the week ending November 8, 2016.

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

    OPEC Mania Is Back: Will Crude Oil Soar?

    US crude oil rose on November 18 due to the market’s belief that OPEC (Organization of the Petroleum Exporting Countries) members might cut their output.

    By Rabindra Samanta
  • uploads///opec surplus crude oil production capacity
    Miscellaneous

    Production Freeze: Saudi Arabia and Iran Are Playing Hide and Seek

    Saudi Arabia and Iran are both important to production freeze talks. Both countries have the option to expand their production capacities.

    By Rabindra Samanta
  • uploads///crude  month chat  april
    Macroeconomic Analysis

    Unexpected Inventory Buildup: Will Crude Oil Hit $52 per Barrel?

    The US commercial crude oil inventory data will be reported by the EIA today. Prices may experience volatility due to inventory increasing more than market estimates.

    By Gordon Kristopher
  • uploads///US Crude Oil Inventories Fell
    Macroeconomic Analysis

    US Crude Oil Inventories Fall Again: How Is Crude Oil Reacting?

    According to the U.S. Energy Information Administration’s report on June 29, 2016, US crude oil inventories fell by 4.1 MMbbls in the week ended June 24, 2016.

    By Sarah Sands
  • uploads///US gasoline demand
    Energy & Utilities

    Strong US Gasoline Demand Supports Gasoline and Crude Oil Prices

    The EIA reported that the four-week average US gasoline demand fell by 6,000 bpd (barrels per day) to 9,770,000 bpd from August 5–12, 2016.

    By Gordon Kristopher
  • uploads///cl  march
    Company & Industry Overviews

    Will WTI crude oil hit $54 per barrel?

    April crude oil futures for WTI (West Texas Intermediate) broke out of the double bottom pattern. Prices closed at $51.53 per barrel on March 4, 2015.

    By Gordon Kristopher
  • uploads///bbbeebcecebfabf
    Fund Managers

    Why Bill Miller Is Bearish on Oil Stocks

    When asked about which sector he is bearish on during an interview with CNBC, Bill Miller said that he is bearish on oil stocks.

    By Sarah Sands
  • uploads///cl march
    Company & Industry Overviews

    Red alert: Will crude oil hit $42 per barrel?

    The key support for WTI oil is at $48 per barrel. If crude oil breaks $48 per barrel, it will hit $42 per barrel. The US dollar will also put pressure on crude oil prices.

    By Gordon Kristopher
  • uploads///wti  month Chart  Apr
    Macroeconomic Analysis

    Middle East Tensions and Slowing US Production Impact Crude Oil

    Lately, Middle East tensions and slowing US production are driving oil prices higher. Oil prices gained 21% in April 2015.

    By Gordon Kristopher
  • uploads///Fund flow
    Macroeconomic Analysis

    $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.

    By Gordon Kristopher
  • uploads///MRO Q Production Mix
    Company & Industry Overviews

    How Marathon Oil’s Divestiture Affected Its Production Mix

    In 2Q17, Marathon Oil’s (MRO) production mix from continuing operations was ~47.0% crude oil and condensate, ~15.0% natural gas liquids, and ~38.0% natural gas.

    By Nicholas Chapman
  • uploads///US Crude Oil Inventories Rose
    Macroeconomic Analysis

    How Will Rise in Crude Oil Inventories Affect Crude Oil Movement?

    According to the EIA’s (US Energy Information Administration) report on January 18, 2017, US crude oil inventories rose ~2.35 MMbbls (million barrels) for the week ended January 13, 2017.

    By Sarah Sands
  • uploads///US Crude Oil Inventories Fell
    Macroeconomic Analysis

    Crude Oil Inventories Fell: What Does It Mean for Crude Oil?

    According to the EIA’s report on January 4, 2017, US crude oil inventories fell ~7.1 MMbbls (million barrels) for the week ended December 30, 2016.

    By Sarah Sands
  • uploads///US Crude oil during economic crisis
    Miscellaneous

    Energy Commodities during Past US Presidential Elections

    In the three months following US presidential elections, US crude oil (UWTI) active futures fell in two out of three instances between 2004 and 2012.

    By Rabindra Samanta
  • uploads///NG consumption
    Macroeconomic Analysis

    US Natural Gas Consumption Rose Last Week

    PointLogic reported that US natural gas consumption rose 1.7% from October 6–12, 2016. It’s a key bullish driver for natural gas prices.

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

    Why Did US Diesel Futures Rise This Week?

    October NY Harbor ULSD futures rose 1.7% on September 21, 2016. Diesel futures rose despite the larger-than-expected rise in distillate inventories.

    By Gordon Kristopher
  • uploads///US Crude Oil Inventories Fell
    Macroeconomic Analysis

    How OPEC’s Decision Will Impact Crude Oil’s Movement

    According to the EIA’s (U.S. Energy Information Administration) report on September 14, 2016, US crude oil inventories fell 0.6 MMbbls (million barrels) for the week ending September 9.

    By Sarah Sands
  • uploads///Gasoline stocks
    Energy & Utilities

    US Gasoline Inventories Pressured Gasoline and Crude Oil Prices

    The EIA reported that US gasoline inventories rose by 600,000 barrels to 228.4 MMbbls (million barrels) from September 2–9, 2016.

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

    US On-Highway Diesel Fuel Prices Fell Again

    The EIA reported that US on-highway diesel fuel prices were down 0.4% to $2.39 per gallon on September 12, 2016—compared to the previous week.

    By Gordon Kristopher
  • uploads///US Crude Oil Inventories Fell
    Macroeconomic Analysis

    Crude Oil Prices Jumped as Inventories Fell

    According to the EIA’s report on September 8, 2016, US crude oil inventories fell by 14.5 MMbbls for the week ended on September 2, 2016.

    By Sarah Sands
  • uploads///diesel
    Energy & Utilities

    US On-Highway Diesel Fuel Prices Fell for the Tenth Time in 11 Weeks

    The EIA reported that US on-highway diesel fuel prices were down 0.1% to $2.40 per gallon on September 5, 2016—compared to the previous week.

    By Gordon Kristopher
  • uploads///revenue
    Company & Industry Overviews

    Does WLL’s Revenue Growth Trend Suggest More Gains?

    Whiting Petroleum’s (WLL) 2Q16 revenue fell by ~48.2% YoY. Its YoY revenue growth was -21% in 2Q15 and -44% in 1Q16.

    By Keisha Bandz
  • uploads///US gasoline demand
    Macroeconomic Analysis

    Will US Gasoline Demand Rise in 2016 and 2017?

    The EIA (U.S. Energy Information Administration) reported that the four-week average US gasoline demand was almost flat at 9,751,000 bpd (barrels per day) for the week ending July 29, 2016.

    By Gordon Kristopher
  • uploads///diesel
    Macroeconomic Analysis

    US On-Highway Diesel Fuel Prices Fell for the 6th Straight Week

    The EIA estimates that on-highway diesel fuel prices will average $2.36 per gallon in 2016 and $2.71 per gallon in 2017.

    By Gordon Kristopher
  • uploads///US Crude Oil Inventories Fell
    Macroeconomic Analysis

    Why US Crude Oil Inventories Fell for 9th Consecutive Week

    According to the July 20, 2016, U.S. Energy Information Administration report, US crude oil inventories declined by 2.3 MMbbls for the week ended July 15, 2016.

    By Sarah Sands
  • uploads///india oil demand
    Macroeconomic Analysis

    Why South Korea and India Are Bullish Forces for Crude Oil

    In this part of the series, we’ll look at some more bullish drivers for crude oil prices over the long term.

    By Gordon Kristopher
  • uploads///US Crude Stockpiles Rose For The Week Ended April
    Macroeconomic Analysis

    US Crude Oil Stockpiles Rose: Will Crude Oil Lose More Ground?

    US crude oil stockpiles rose by 6.6 MMbbls in the week ending April 8, 2016—compared to the fall of 4.9 MMbbls in the prior week ending April 1, 2016.

    By Sarah Sands
  • uploads///crude oil price forecast
    Macroeconomic Analysis

    Will Crude Oil Prices Hit $25 per Barrel?

    Reuters suggested that Brent prices will average ~$40 per barrel in 2016. The Bank of Abu Dhabi suggests that crude oil prices could test $20 per barrel in the short term.

    By Gordon Kristopher
  • uploads///crude oil price forecast
    Macroeconomic Analysis

    Crude Oil Price Forecast for 2020: Will It Be Higher or Lower?

    Crude oil prices rose more than 40% since the lows in February 2016. They entered into the short-term bull market. They’re still under a long-term bearish trend.

    By Gordon Kristopher
  • uploads///supply and demand
    Macroeconomic Analysis

    Crude Oil Supply and Demand Gap: Will It Narrow or Widen?

    The consensus of slowing US crude oil production will continue to narrow the supply and demand gap as long as demand stays steady.

    By Gordon Kristopher
  • uploads///ababbcdbbeaba
    Macroeconomic Analysis

    Will the US Dollar and Crude Oil Producers’ Meeting Influence Prices?

    The US Dollar Index (DXY) depreciated against global currencies. It hit a two-week low. The US dollar fell by 0.2% on March 7, 2016.

    By Gordon Kristopher
  • uploads///crude oil forward curve
    Macroeconomic Analysis

    Crude Oil’s Forward Curve Suggests Low Prices in the Long Term

    Crude oil’s forward curve suggests that crude oil prices could hit $40 per barrel in 2016. They may hit $52 per barrel by the end of 2024.

    By Gordon Kristopher
  • uploads///Crude oil stocks
    Macroeconomic Analysis

    Crude Oil Prices Are Priced in the EIA’s Crude Inventory report

    The U.S. Energy Information Administration stated that the US crude oil inventory rose by 4 MMbbls to 486.5 MMbbls for the week ending January 15, 2016.

    By Gordon Kristopher
  • uploads///US crude oil rig
    Macroeconomic Analysis

    US Crude Oil Rig Count Fell by 64% in 2015

    The US crude oil rig count fell by 64% in 2015. This was the biggest drop in the US crude oil rig count in the last 30 years.

    By Gordon Kristopher
  • uploads///Crude oil data
    Macroeconomic Analysis

    Trend Is My Friend: Jim Rogers and Crude Oil

    Jim Rogers says that oil prices are steady at $45 per barrel despite all of the negative news in the market. Prices rebounded and they could trend higher.

    By Gordon Kristopher
  • uploads///Crude oil chart
    Macroeconomic Analysis

    Crude Oil Prices Are Trading Close to the Resistance Level

    WTI (West Texas Intermediate) crude oil futures contracts for November delivery are trading close to the key resistance level of $46 per barrel.

    By Gordon Kristopher
  • uploads///WTI chart
    Macroeconomic Analysis

    Crude Oil Prices Fall from the Key Resistance

    WTI (West Texas Intermediate) crude oil futures contracts for November delivery fell for the second day. Crude oil prices fell from the resistance of $47 per barrel.

    By Gordon Kristopher
  • uploads///Crude oil chart
    Macroeconomic Analysis

    Will Crude Oil Prices Rise after Falling on Friday?

    October WTI crude oil futures fell for the second day. Crude oil prices have been fluctuating within a trading channel since early September 2015.

    By Gordon Kristopher
  • uploads///Crude oil charts
    Macroeconomic Analysis

    Crude Oil Prices Are Trading in a Downward Trending Range

    October WTI crude oil futures rose for the first time after falling for two consecutive days. Slowing US crude oil production is driving crude oil prices.

    By Gordon Kristopher
  • uploads///Crude oil price chart
    Macroeconomic Analysis

    Will Crude Oil Prices Hit the Next Resistance?

    Prices have been trading within a downward trending channel since early September 2015. The rising crude oil stockpile could put pressure on crude oil prices.

    By Gordon Kristopher
  • uploads///WTI crude oil chart
    Macroeconomic Analysis

    Crude Oil Prices Are Steady at $40 per Barrel

    Crude oil prices have been trading in a downward price channel since the last week of June 2015. The key support is seen at $38 per barrel.

    By Gordon Kristopher
  • uploads///US crude oil chart
    Macroeconomic Analysis

    Citigroup: Crude Oil Prices Might Hit $32 per Barrel

    Crude oil prices could go as low as $33 per barrel. Citigroup estimates that crude oil prices might hit $32 per barrel due to oversupply concerns.

    By Gordon Kristopher
  • uploads///wti crude oil chart
    Macroeconomic Analysis

    Will Crude Oil Prices Hit $40 per Barrel?

    Lower crude oil prices are driving imports from India and South Korea. The long-term lower crude oil prices could also boost consumption.

    By Gordon Kristopher
  • uploads///wti  march
    Company & Industry Overviews

    Will WTI crude oil prices break their key support level?

    Crude oil prices settled at $50.52 per barrel on March 3, 2015—just above the trend line support of the pattern.

    By Gordon Kristopher
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