|Bid||19.22 x 200|
|Ask||20.40 x 100|
|Day's Range||19.50 - 19.73|
|52 Week Range||15.45 - 20.89|
|PE Ratio (TTM)||N/A|
|Expense Ratio (net)||0.60%|
Baker Hughes reported that US oil rig counts were flat at 738 on November 10–17, 2017. The rigs rose 63.3% from the same period in 2016.
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.
So far this week (starting November 13, 2017), natural gas (UNG) (BOIL) prices are leading a decline in energy commodities.
US crude oil exports fell by 1,264,000 bpd or 60% to 869,000 bpd on October 27–November 3, 2017. Exports rose by 459,000 bpd from the same period in 2016.
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.
On November 9, US crude oil active futures rose 0.6% and closed at $57.17 per barrel. Geopolitical concerns in the Middle East could have helped crude oil.
The EIA reported that gasoline inventories in the US fell by 3,312,000 barrels to 209.5 MMbbls (million barrels) between October 27, 2017, and November 3, 2017.
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%.
December US crude oil (DWT) (DBO) futures contracts fell 0.56% to $56.88 per barrel in electronic trade at 1:10 AM EST on November 8, 2017.
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.
Between October 27 and November 3, the United States Oil Fund LP (USO) rose 3.1%—just ten basis points below the rise of US crude oil December futures.
The EIA estimates that nationwide crude oil inventories fell by 2,435,000 barrels to 454.9 MMbbls (million barrels) on October 20–27, 2017.
In the week ended October 20, 2017, US commercial crude oil inventories rose by 0.9 MMbbls (million barrels) to 457.3 MMbbls.
Hedge funds increased their net bullish positions in US crude oil futures and options by 15,801 contracts or 7.2% to 234,878 contracts on October 17–24.
Between October 20 and October 27, 2017, US crude oil (USO) (USL) (DBO) December futures rose 4% and closed at $53.9 per barrel on October 27, 2017.