|Bid||0.00 x 0|
|Ask||0.00 x 0|
|Day's Range||18.34 - 18.50|
|52 Week Range||15.45 - 20.89|
|PE Ratio (TTM)||N/A|
|Expense Ratio (net)||0.60%|
Between October 4 and October 11, 2017, natural gas (UNG) (BOIL) active futures had a correlation of 84.3% with US crude oil futures.
The API (American Petroleum Institute) estimates that US gasoline inventories fell by 1.57 MMbbls (million barrels) on September 29–October 6, 2017.
So far this week, crude oil prices are leading the rise in energy commodities. Prices have risen from last week’s close of $49.29 per barrel to $51.60 per barrel on October 11, 2017.
Crude oil prices have risen from last week’s close of $49.29 per barrel on October 6 to $51.09 per barrel on October 10—a rise of almost 4% so far this week.
Saudi Arabia's crude oil production is expected to fall to 9.77 MMbpd (million barrels per day) in November 2017, according to Saudi Aramco.
US crude oil prices are near a one-month low. Expectations of a rise in Cushing crude oil inventories and US crude oil production could pressure the prices.
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%.
So far this week (starting October 2, 2017), crude oil is leading the decline among energy commodities, having fallen 3% as of Wednesday, October 4.
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 November futures fell 0.3% and closed at $50.42 per barrel. Between September 26 and October 3, 2017, US crude oil (USL) November futures fell 2.8%.
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.
Weekly US gasoline demand rose by 81,000 bpd to 9.5 MMbpd on September 15–22, 2017. Gasoline demand rose by 642,000 bpd or 7.2% YoY.
A Reuters survey estimates that Saudi Arabia’s crude oil production rose by 20,000 bpd to 10 MMbpd in September 2017—compared to August 2017.
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%.
Brent crude oil futures closed at $57.54 per barrel on September 29, 2017. Some OPEC officials think that $60 per barrel for crude oil isn't sustainable.
On September 26, Brent crude oil active futures were $6.56 more than US crude oil active futures. On September 19, the Brent-WTI spread was at $5.66.
For the week starting September 25, crude oil (USO)(USL) prices are leading the rise in energy commodities. Crude oil prices rose from last week’s close of $50.66 per barrel.
The EIA estimated on September 27 that US gasoline inventories rose 1.1 MMbbls (million barrels) to 217.2 MMbbls from September 15–22, 2017.