|Bid||0.00 x 0|
|Ask||0.00 x 0|
|Day's Range||21.02 - 21.33|
|52 Week Range||10.38 - 22.87|
|PE Ratio (TTM)||N/A|
|Expense Ratio (net)||1.01%|
Crude oil is on the move. Earlier it was down, and now up after IEA raised its forecast for US shale supply. Will that weigh on prices heading into 2018? Yahoo Finance's Jared Blikre joins Seana Smith from the floor of the New York Stock Exchange to discuss.
OPEC’s crude oil production fell by 252,000 bpd (barrels per day) to 32,463,000 bpd in November 2017, according to the EIA.
On December 11, 2017, Brent crude oil (BNO) active futures settled $6.7 more than WTI (West Texas Intermediate) crude oil (USO) (UCO) active futures.
On December 1–8, 2017, the United States Oil Fund (USO), which holds crude US oil futures contracts, fell 1.5%. US crude oil January 2018 futures fell 1.7%.
Reuters estimated that Iraq’s crude oil production fell by 50,000 bpd (barrels per day) to 4,330,000 bpd in November 2017—compared to the previous month.
Baker Hughes released its US crude oil rigs report on December 8, 2017. US crude oil rigs rose by two to 751 on December 1–8, 2017.
A Reuters survey estimated that Saudi Arabia's crude oil production fell by 30,000 bpd (barrels per day) to 10,000,000 bpd in November 2017.
On December 5, 2017, Brent crude oil (BNO) active futures were priced $5.24 higher compared to WTI crude oil (USO) (UCO) active futures.
WTI (West Texas Intermediate) crude oil futures (UCO) (DWT) contracts for January delivery rose 0.3% to $57.62 per barrel on December 5, 2017.
US distillate inventories rose by 2,747,000 barrels to 127.7 MMbbls (million barrels) on November 17–24, 2017. Inventories rose 2.2% week-over-week.
The EIA estimated that US crude oil inventories fell by 3.4 MMbbls (million barrels) to 453.7 MMbbls on November 17–24, 2017.
US commercial crude oil inventories fell by 1.9 MMbbls in the week ending November 17, 2017—0.5 MMbbls more than the market’s expected fall.
WTI (West Texas Intermediate) crude oil (UWT) (DTO) futures contracts for January delivery fell 0.2% to $57.99 per barrel on November 28, 2017.
Between November 17 and November 24, 2017, the United States Oil Fund LP (USO), which tracks WTI crude oil near-month futures, rose 3.9%.
The EIA estimated that Cushing’s crude oil inventories fell by 1,827,000 barrels or 2.9% to 61 MMbbls (million barrels) on November 10–17, 2017.
US gas rigs are at the highest level since October 20, 2017. Meanwhile, crude oil (USL) (DBO) prices are at a 30-month high.