|Bid||17.84 x 3300|
|Ask||17.85 x 24000|
|Day's Range||17.75 - 18.15|
|52 Week Range||7.92 - 22.87|
|PE Ratio (TTM)||N/A|
|Expense Ratio (net)||1.01%|
The final Russia Manufacturing PMI (Purchasing Managers’ Index) rose marginally in September 2017. It was 51.9 in September compared to 51.6 in August.
The market anticipates that crude oil inventories at Cushing rose from October 6 to 13. Cushing inventories rose for the ninth time in the last ten weeks.
Whiting Petroleum (WLL) stock regained its upward momentum last week, rising ~3.7% compared to a 5.0% fall in the previous week.
Baker Hughes (BHI) published its weekly US natural gas rig count report on October 13. Rigs fell by two to 185 from October 6 to 13—the lowest level since September 1.
November WTI crude oil (DBO)(DWT)(USO) futures contracts rose 0.71% and were trading at $50.96 per barrel in electronic trading at 2:06 AM on October 13.
The US Energy Information Administration (or EIA) estimates that US distillate inventories fell by 1.4 MMbbls (million barrels) to 133.9 MMbbls between September 29 and October 6.
November US crude oil (USO) (UCO) (UWT) futures contracts fell 0.62% to $50.98 per barrel in electronic trade at 2:11 AM EST on October 12, 2017.
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.
US crude oil futures contracts for November delivery rose 0.1% and were trading at $49.63 per barrel in electronic trading at 2:03 AM EST on October 10.
The EIA’s STEO (Short-Term Energy Outlook) Report is scheduled to be released on October 10, 2017, and could impact crude oil and natural gas prices.
Between September 29 and October 6, 2017, the United States Oil Fund ETF (USO) fell 4.4%, and US crude oil (OIIL) November futures fell 4.6%.
The EIA (U.S. Energy Information Administration) estimates that US gasoline inventories rose by 1.6 MMbbls to 218.9 MMbbls on September 22–29, 2017.
On October 3, 2017, US crude oil (USL) (OIIL) November 2018 futures settled $0.33 higher than the November 2017 futures.
The API estimates that US gasoline inventories rose by 4.19 MMbbls on September 22–29, 2017. The market expected a build by 1.08 MMbbls.
Hedge funds increased their net bullish positions in US crude oil futures and options by 43,496 contracts to 251,788 contracts on September 19–26, 2017.
A Reuters survey estimates that Libya's crude oil production rose by 50,000 bpd to 930,000 bpd in September 2017—compared to the previous month.
If the EIA (U.S. Energy Information Administration) reports another fall in the US commercial crude oil inventory, it could push oil prices higher.
On September 22–29, the United States Oil Fund LP (USO) rose almost as much as US crude oil. USO rose 1.9%, while US crude oil November futures rose 2%.