|Bid||0.00 x 0|
|Ask||0.00 x 0|
|Day's Range||18.73 - 18.92|
|52 Week Range||11.88 - 19.04|
|PE Ratio (TTM)||N/A|
|Expense Ratio (net)||0.15%|
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 Brent crude oil futures, are soaring ...
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 Brent crude oil futures, are up 3.1% ...
Oil markets have not achieved a rebalancing in terms of supply and demand yet, United Arab Emirates' (UAE) energy and industry minister said Thursday.
The United States Oil Fund (NYSEArca: USO), which tracks West Texas Intermediate crude oil futures, ended 2017 with an epic fourth-quarter gain and that bullishness is trickling into 2018 amid new geopolitical ...
Russia’s crude oil production averaged 10.98 MMbpd (million barrels per day) in 2017, according to Russia's Ministry of Energy.
In the week ended December 22, 2017, US crude oil inventories were 431.9 MMbbls (million barrels), a fall of 4.6 MMbbls compared to the previous week.
On December 29, 2017, the price difference between Brent crude oil (BNO) active futures and WTI (West Texas Intermediate) crude oil (USO) (UCO) active futures was $6.45.
US crude oil production declined by 35,000 bpd (barrels per day) or 0.4% to 9,754,000 bpd from December 15 to 22, 2017, per the EIA.
Overnight, crude oil prices reached their highest since mid-2015. The early strength is being pinned on unexpected weakness in American output and a fall in commercial crude inventories.
The EIA estimates that Iraq’s crude oil production fell by 35,000 bpd (barrels per day) to 4,320,000 bpd in November 2017 compared to the previous month.
WTI crude oil prices edged lower on Wednesday but trade higher on Thursday morning near the psycological level at $60 a barrel. On Tuesday, WTI crude oil was trading at $60 but did not break above this level.
Later today, the U.S. Energy Information Administration’s weekly inventories report is expected to show a draw of about 3.9 million barrels for the week-ending December 22.
A Reuters survey estimated that Brent and US crude oil prices could average $58.84 per barrel and $54.78 per barrel in 2018.
As we trade towards the final days of the year, the market is seeing lighter volume due to the shortened week. The Economic Calendar is light for the days ahead. However, there are still data releases and traders are taking positions.
First one is Cable, GBPUSD, where the price is pushing higher. Actually, the upper line of the wedge is already broken so the buy signal is around the corner. Next one is an exotic instrument – CADCHF, which is also in an uptrend and is now breaking the upper line of the correction pattern.