|Bid||0.00 x 0|
|Ask||0.00 x 0|
|Day's Range||15.28 - 15.51|
|52 Week Range||11.88 - 16.09|
|PE Ratio (TTM)||N/A|
|Expense Ratio (net)||0.15%|
U.S. West Texas Intermediate and international-benchmark Brent crude oil fell over 1 percent on Thursday as investors continued to book profits from the spike to the upside earlier in the week. December WTI Crude Oil settled at $51.51, down $0.75 or -1.44% and January Brent Crude Oil finished the session at $56.98, down $0.82 or … Continue reading Oil Price Fundamental Daily Forecast – Rangebound Trade Until OPEC Announces Production Cut Extension
The financial markets were mixed on Thursday with several posting volatile two-sided trades as investors reacted to economic data and outside events. In the U.S., investors had the opportunity to react to Weekly Unemployment Claims, the Philadelphia Fed Manufacturing Index and the Conference Board’s Leading Index. According to the U.S. Department of Labor, in the … Continue reading U.S. Weekly Unemployment Claims Hit Lowest Level Since 1973
U.S. West Texas Intermediate and international-benchmark Brent crude oil rose modestly on Wednesday after a surprising drop in U.S. refinery runs and an unexpected increase in inventories of gasoline and diesel. December WTI crude oil settled at $52.26, up $0.15 or +0.29% and January Brent crude oil finished the session at $57.80, up $0.26 or … Continue reading Oil Price Fundamental Daily Forecast – Bullish Factors Lining Up
Investors turned their attention to Fed news and economic data on Wednesday, driving up U.S. Treasury yields in the process. Of significance importance is the yield curve. It is getting a lot of attention because it has reached its flattest level since before the financial crisis and this may be a sign of impending danger. … Continue reading U.S. Treasury Yield Curve Hits Flattest Level Since Before Financial Crisis
On October 17, 2017, Brent crude oil (BNO) active futures closed $6 above the WTI (West Texas Intermediate) crude oil futures.
Oil exchange traded products, including the United States Oil Fund (NYSEArca: USO), which tracks West Texas Intermediate crude oil futures, and the United States Brent Oil Fund (NYSEArca: BNO), which tracks ...
U.S Crude Oil has put in consistent incremental gains since the first week of October. Geo-political concerns from the Middle-East may be creating support for Crude Oil. Supply numbers will come from the U.S today. Speculative Momentum Building in Crude Oil U.S Crude Oil has made incremental gains since the first week of October and … Continue reading Several Factors Weighing into Crude Oil
Crude oil prices settled flat on Tuesday but trade higher on Wednesday morning as crude inventories fell and concerns over potential supply disruptions weigh on prices. Crude oil prices are also affected by the tensions in the Middle East. WTI crude oil is trading at 52.08, up 0.39% as of 8:30 GMT. According to the American … Continue reading WTI Crude Oil Daily Analysis – October 18, 2017
U.S. West Texas Intermediate and international-benchmark Brent crude oil finished slightly lower after a mixed trading session on Tuesday. Traders reacted to expectations of high U.S. production and exports offset concerns that fighting between Iraqi and Kurdish forces could threaten the country’s crude output. December West Texas Intermediate crude oil settled at $52.11, down $0.03 … Continue reading Oil Price Fundamental Daily Forecast – Markets Underpinned by Big API Drawdown
Crude oil prices edged higher on Monday as the clash between Iraqi and Kurdish forces began in Kirkuk lifting up worries over supply interruption. WTI crude oil continues to trade higher on Tuesday morning, gained 0.50% to trade at $52.12. The Iraqi forces entered Kirkuk after weeks of unrest in the region despite tensions that … Continue reading WTI Crude Oil Daily Analysis – October 17, 2017
U.S. West Texas Intermediate and international-benchmark Brent crude oil rose on Monday as investors reacted to a possible hit to output due to an escalating conflict in Iraq. The news helped widen the spread between Brent and WTI crude oil. December WTI Crude Oil settled at $52.14, up $0.41 or +0.79% and January Brent Crude … Continue reading Oil Price Fundamental Daily Forecast – Conflict in Iraq has to Escalate or Rally Will Stall
Crude oil market settled higher on Friday and continues to trade higher on Monday morning as investors react to the Iraqi military action and the US sanctions against Iran. The drop in rig count also supported the rise in prices. WTI crude oil gained 0.97%, to trade at $51.95 as of 8:15 GMT. Main worries are about … Continue reading WTI Crude Oil Daily Analysis – October 16, 2017
U.S. West Texas Intermediate and international-benchmark Brent crude oil surged early Monday after Iraqi army units advanced toward Kirkuk, a major oil city that is populated by the country’s Kurdish people and which recently declared independence. At 0439 GMT, December WTI crude oil is trading $52.15, up $0.42 or +0.81%. Internationally-favored January Brent crude oil … Continue reading Oil Price Fundamental Daily Forecast – Prices Jump on Iraqi Military Action, Fear of New Sanctions Against Iran
U.S. West Texas Intermediate and international-benchmark Brent crude oil ended the week on a high note, closing at its highest level for the month after China reported strong import data. For the week, December WTI Crude Oil settled at $51.73, up $2.08 or +4.19% and January Brent Crude Oil finished at $56.95, up $1.59 or … Continue reading Oil Price Fundamental Weekly Forecast – Unrest in Iraq Could Provide Some Support
The U.S. Dollar recovered against a basket of currencies late in the session on Friday after a weaker than expected consumer inflation report drove prices lower. The muted inflation numbers drove down U.S. Treasury yields which made the U.S. Dollar a less-attractive investment. It also added to concerns about the Fed’s ability to raise interest … Continue reading Gold Rallies after Muted U.S. Inflation Data Drives Treasury Yields Lower
U.S. West Texas Intermediate and international-benchmark Brent crude oil finished down on Thursday, but off its lows after the U.S. Energy Information Administration reported a larger-than-expected decline in U. S. inventories and a falloff in weekly production on Thursday. According to the EIA, crude inventories fell by 2.7 million barrels in the week to October … Continue reading Oil Price Fundamental Daily Forecast – Bearish IEA Demand Outlook Could Pressure Prices
The U.S. Dollar rebounded on Thursday after being pressured most of the week. The catalyst behind the rally was a report showing a rise in U.S. producer inflation. This news somewhat offset the weakness caused on Wednesday by the U.S. Federal Reserve monetary policy meeting minutes that showed policymakers were concerned about the impact of … Continue reading U.S. Dollar Rebounds after Rise in U.S. Producer Inflation
The global outlook for oil markets in 2018 could crush hopes for higher prices, according to the latest monthly report from the International Energy Agency.
U.S. West Texas Intermediate and internationally-favored crude oil futures finished slightly higher on Wednesday as investors prepared for the release of weekly inventories data from the American Petroleum Institute (API) on Wednesday and the U.S. Energy Information Administration (EIA) on Thursday. Oil prices rose for a third day on Wednesday as OPEC forecast higher demand … Continue reading Oil Price Fundamental Daily Forecast – Prices Weaken After API Reports Inventory Build
Iraq’s crude oil exports hit 3.98 MMbpd (million barrels per day) in September 2017, according to Bloomberg—its highest level since December 2016.
US commercial crude oil inventories fell by 6 MMbbls (million barrels) to ~465 MMbbls in the week ended September 29, 2017.
December West Texas Intermediate crude oil futures are trading slightly higher shortly before the regular session opening. The market spiked higher earlier in the session, but has since pulled back to nearly break-even. Since Monday was a U.S. federal holiday, the American Petroleum Institute and U.S. Energy Information Administration weekly inventories reports have been delayed … Continue reading Crude Oil Price Update – Trader Reaction to $51.27 Will Set the Tone for the Session
Crude oil prices rose higher on Tuesday and continue to trade higher on Wednesday morning after Saudi Arabia declared to curb November crude oil exports by 7% or 560,000 barrels a day as a measure towards market rebalancing. WTI Crude oil gained 0.39% to trade at $51.12 as of 8:00 GMT. The increase in crude … Continue reading WTI Crude Oil Daily Analysis – October 11, 2017