|Bid||21.080 x 17500|
|Ask||21.090 x 1200|
|Day's Range||20.780 - 21.310|
|52 Week Range||8.550 - 22.870|
|PE Ratio (TTM)||N/A|
|Expense Ratio (net)||1.01%|
Chesapeake Energy (CHK) took a slight fall last week even as crude oil prices (UCO)(DBO) slid. Chesapeake Energy stock fell ~3%, compared to the previous week, which ended on November 10.
WTI (West Texas Intermediate) crude oil (UWT) (USL) active futures tested $57.35 per barrel on November 6, 2017—the highest level in almost three years.
US natural gas production rose by 0.3 Bcf (billion cubic feet) per day to 75.9 Bcf per day on November 9–15, 2017. Production rose 0.4% week-over-week.
December WTI (West Texas Intermediate) crude oil (DWT) (USL) futures contracts fell 0.6% to $55.33 per barrel on November 15, 2017.
Whiting Petroleum (WLL) stock fell 1.1% in the week ended November 10. On November 8, Whiting announced a one-for-four reverse stock split.
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.
The EIA estimates that US gasoline demand rose by 35,000 bpd (barrels per day) or 0.4% to 9,496,000 bpd on October 27–November 3, 2017.
This week, the EIA (US Energy Information Administration) Drilling and Productivity Report could impact oil (BNO) (UCO) as well as natural gas prices.
Between November 3 and November 10, 2017, the United States Oil Fund LP (USO) rose 2.1%, only ten basis points above the gain in US crude oil December futures.
The EIA reported that US shale oil production will rise by 80,000 bpd (barrels per day) to 6.17 MMbpd in December 2017—compared to November 2017.
Based on the implied volatility of 24.4% and a standard deviation of one, US crude oil active futures could settle between $55.24 and $59.10 per barrel.
The EIA (or US Energy Information Administration) released its Weekly Petroleum Status Report on November 8, 2017.
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In the week ended October 27, 2017, the US commercial crude oil stockpiles fell 2.4 MMbbls. That same day, US crude oil prices fell 0.1%.
Russia's energy ministry estimates that the country’s crude oil exports rose 2% or by 160,000 bpd (barrel per day) in the first nine months of 2017.
December US crude oil futures contracts fell 0.3% to $57.20 per barrel on November 7, 2017. Brent oil futures contracts fell 0.9% to $63.69 per barrel.
Whiting Petroleum continued to rise last week and closed the week ending November 6, 2017, 20.2% higher compared to the previous week ending October 30.
The natural gas–weighted stocks with the least positive or most negative correlations with US crude oil futures in the last five trading sessions were Cabot Oil & Gas (COG) and WPX Energy (WPX).
The EIA reported that Cushing’s crude oil inventories rose by ~100,000 barrels to 63.8 MMbbls (million barrels) on October 20–October 27, 2017.