|Bid||16.81 x 10600|
|Ask||16.82 x 14600|
|Day's Range||16.71 - 16.85|
|52 Week Range||11.88 - 17.34|
|PE Ratio (TTM)||N/A|
|Expense Ratio (net)||0.15%|
US crude oil production hit a record 9,645,000 bpd (barrels per day) for the week ending November 10, 2017. Production was at the highest level since 1983.
Crude oil prices dipped lower on Monday and trades slightly higher on Tuesday morning as traders waited for the OPEC meeting in Vienna. Analysts expect that OPEC and non-OPEC producers will agree to extend output curb. WTI crude oil is trading at $56.73, up 0.55%. Oil futures extended last week’s losses as traders ahead of … Continue reading WTI Crude Oil Daily Analysis – November 21, 2017
U.S. West Texas Intermediate and international-benchmark Brent crude oil closed lower on Monday as cautious investors continued to pare positions ahead of next week’s OPEC meeting. The rising dollar may have also put a dent in demand for crude. January WTI Crude Oil settled at $56.42, down $0.29 or -0.51% and February Brent crude oil … Continue reading Oil Price Fundamental Daily Forecast – Low Volume Could Lead to Sideways Trade Ahead of OPEC Decision
January WTI crude oil futures contracts rose 0.11% and were trading at $56.77 per barrel in electronic exchange at 1:00 AM EST on November 20, 2017.
WTI Crude Oil trades slightly lower on Monday morning as traders hesitate to take on big new positions due to uncertainty in the markets ahead of OPEC meeting at the end of the month. WTI crude oil is trading at $56.58, down -0.21%. The output has been limited by the Organization of the Petroleum Exporting … Continue reading WTI Crude Oil Daily Analysis – November 20, 2017
U.S. West Texas Intermediate and international-benchmark Brent crude oil are trading flat to lower early Monday. The price action suggests traders are a little shy about initiating new major positions as we rapidly approach an OPEC meeting on November 30 when the cartel-led coalition is expected to decide whether to continue output cuts aimed at … Continue reading Oil Price Fundamental Daily Forecast – Lack of Conviction Over Extension Could Lead to Profit-Taking
U.S. West Texas Intermediate and internationally-favored Brent crude oil futures posted their first weekly loss in six weeks as investors raised concerns over Russia’s participation in extending the OPEC-led program to cut production, forecasts for lower demand and rising U.S. production. January WTI Crude Oil futures settled at $56.71, down $0.27 or -0.47% and February … Continue reading Oil Price Fundamental Weekly Forecast – Pressure Building for Short-Term Pullback
U.S. West Texas Intermediate and international-benchmark Brent crude oil finished lower on Thursday as expectations that OPEC would extend production cuts were offset by the impact of rising U.S. crude production and inventories. January WTI crude oil settled at $55.35, down $0.17 or -0.31% and February Brent crude oil closed at $61.29, down $0.47 or … Continue reading Oil Price Fundamental Daily Forecast – New Concerns Over Russia’s Participation in Output Cut Extension
Economic data and political news helped drive up demand for risky assets on Thursday. After spending most of the week on the defensive, investors aggressively bought beaten up assets such as the U.S Dollar and U.S. stocks. U.S. Economic Reports Weekly Unemployment Claims unexpectedly rose last week in part as a backlog of applications from … Continue reading Positive Tax Reform News Drives Up Demand for Risky Assets
U.S. West Texas Intermediate and international-benchmark Brent crude oil futures closed lower on Wednesday after government data showed an unexpected rise in crude and gasoline stockpiles. However, an increase in refining runs and a drawdown in distillates helped limit losses. January WTI crude oil futures settled at $55.52, down $0.37 or -0.66% and February Brent … Continue reading Oil Price Fundamental Daily Forecast – Likely Rangebound Until Nov. 30 OPEC Meeting
Many U.S. financial markets posted two-sided trades on Wednesday as investors reacted to lingering issues over a delay in U.S. tax reform and key reports on retail sales and consumer inflation. Volatility was present in the Forex, Treasury, and stock markets early yesterday as investors gauged the likelihood of a tax-reform plan becoming law before … Continue reading U.S. Consumer Inflation Uptick Enough to Solidify December Rate Hike
In the week ending November 3, US crude oil inventories rose by 2.2 MMbbls to 457.1 MMbbls. The market expected a fall of 2.5 MMbbls for the same week.
January West Texas Intermediate crude oil futures are trading lower as investors await the release of today’s U.S. Energy Information Administration’s weekly inventories report at 1530 GMT. Yesterday’s sharp break was attributed to a report from the International Energy Agency (IEA) which raised doubts about future demand. Also helping to drive prices sharply lower late … Continue reading Crude Oil Price Update – Bearish EIA Report Could Trigger Break into $54.62 to $53.78
US crude oil exports fell by 1,264,000 bpd or 60% to 869,000 bpd on October 27–November 3, 2017. Exports rose by 459,000 bpd from the same period in 2016.
EURUSD continues the upswing. Yesterday, we broke the neckline and the upper line of the flag, which triggered a buy signal. Today we do have just a continuation of that. The long-term sentiment is definitely positive but after such a strong upswing there is a chance for a smaller bearish correction aiming at least the … Continue reading EURUSD with a major buy signal. Oil tests the 55 USD/oz as a support
The Russian ruble seems to have run out of luck. Yesterday, the currency lost 1.5% against the dollar and 2.5% against the euro, with this drop coming in as a result of several negative factors. The API reported an increase in oil inventories, which may be confirmed later in the day in the official report. … Continue reading Ruble Suffers Biggest Drop in More Than a Year
Crude oil prices dipped lower on Tuesday and continue to tumble on Wednesday morning setting near two-week lows after the International Energy Agency (IEA) revised down its prediction for global demand growth and said it expects U.S producers to raise output. By that, the IEA gave an alarm that global oil markets will be oversupplied … Continue reading WTI Crude Oil Daily Analysis – November 15, 2017
U.S. West Texas Intermediate and internationally-favored Brent crude oil fell on Tuesday after a report from the International Energy Agency (IEA) raised doubts over a key part of the story that had been driving prices higher over the past few months. January WTI Crude Oil settled at $55.89, down $1.08 or -1.90% and February Brent … Continue reading Oil Price Fundamental Daily Forecast – Oil Plunges After API Reports Surprise Build in Crude Inventories
This week, the EIA (US Energy Information Administration) Drilling and Productivity Report could impact oil (BNO) (UCO) as well as natural gas prices.
Crude oil prices settled higher on Monday but trade slightly lower on Tuesday morning as traders considered the outlook of supply disruptions. WTI crude oil is trading at $56.59, down -0.26%. Bahrain said Iran was behind an explosion in its main oil pipeline. Supply was restored, however, as Saudi Aramco said on Monday that it fully resumed pumping … Continue reading WTI Crude Oil Daily Analysis – November 14, 2017
U.S. West Texas Intermediate and international-benchmark Brent crude oil settled nearly unchanged on Monday despite a bullish report from OPEC. January WTI crude oil settled at $56.97, down $0.01 or -0.02% and February Brent crude oil finished the session at $63.10, down $0.31 or -0.49%. The oil cartel raised its forecast on Monday for demand … Continue reading Oil Price Fundamental Daily Forecast – Prices Retreat Despite Bullish OPEC Outlook
U.S. West Texas Intermediate and international-benchmark Brent crude oil opened higher early Monday but have since retreated to nearly unchanged. The price action suggests investors are approaching the markets with caution at the start of the week. The markets are being underpinned by ongoing geopolitical tensions in the Middle East. Helping to limit gains is … Continue reading Oil Price Fundamental Daily Forecast – Rig Count Increase Could Raise Bearish Concerns This Week