|Bid||15.34 x 3000|
|Ask||15.35 x 8100|
|Day's Range||15.32 - 15.57|
|52 Week Range||11.88 - 16.09|
|PE Ratio (TTM)||N/A|
|Expense Ratio (net)||0.15%|
Crude oil prices edged higher on Monday as the clash between Iraqi and Kurdish forces began in Kirkuk lifting up worries over supply interruption. WTI crude oil continues to trade higher on Tuesday morning, gained 0.50% to trade at $52.12. The Iraqi forces entered Kirkuk after weeks of unrest in the region despite tensions that … Continue reading WTI Crude Oil Daily Analysis – October 17, 2017
U.S. West Texas Intermediate and international-benchmark Brent crude oil rose on Monday as investors reacted to a possible hit to output due to an escalating conflict in Iraq. The news helped widen the spread between Brent and WTI crude oil. December WTI Crude Oil settled at $52.14, up $0.41 or +0.79% and January Brent Crude … Continue reading Oil Price Fundamental Daily Forecast – Conflict in Iraq has to Escalate or Rally Will Stall
Crude oil market settled higher on Friday and continues to trade higher on Monday morning as investors react to the Iraqi military action and the US sanctions against Iran. The drop in rig count also supported the rise in prices. WTI crude oil gained 0.97%, to trade at $51.95 as of 8:15 GMT. Main worries are about … Continue reading WTI Crude Oil Daily Analysis – October 16, 2017
U.S. West Texas Intermediate and international-benchmark Brent crude oil surged early Monday after Iraqi army units advanced toward Kirkuk, a major oil city that is populated by the country’s Kurdish people and which recently declared independence. At 0439 GMT, December WTI crude oil is trading $52.15, up $0.42 or +0.81%. Internationally-favored January Brent crude oil … Continue reading Oil Price Fundamental Daily Forecast – Prices Jump on Iraqi Military Action, Fear of New Sanctions Against Iran
U.S. West Texas Intermediate and international-benchmark Brent crude oil ended the week on a high note, closing at its highest level for the month after China reported strong import data. For the week, December WTI Crude Oil settled at $51.73, up $2.08 or +4.19% and January Brent Crude Oil finished at $56.95, up $1.59 or … Continue reading Oil Price Fundamental Weekly Forecast – Unrest in Iraq Could Provide Some Support
The U.S. Dollar recovered against a basket of currencies late in the session on Friday after a weaker than expected consumer inflation report drove prices lower. The muted inflation numbers drove down U.S. Treasury yields which made the U.S. Dollar a less-attractive investment. It also added to concerns about the Fed’s ability to raise interest … Continue reading Gold Rallies after Muted U.S. Inflation Data Drives Treasury Yields Lower
U.S. West Texas Intermediate and international-benchmark Brent crude oil finished down on Thursday, but off its lows after the U.S. Energy Information Administration reported a larger-than-expected decline in U. S. inventories and a falloff in weekly production on Thursday. According to the EIA, crude inventories fell by 2.7 million barrels in the week to October … Continue reading Oil Price Fundamental Daily Forecast – Bearish IEA Demand Outlook Could Pressure Prices
The U.S. Dollar rebounded on Thursday after being pressured most of the week. The catalyst behind the rally was a report showing a rise in U.S. producer inflation. This news somewhat offset the weakness caused on Wednesday by the U.S. Federal Reserve monetary policy meeting minutes that showed policymakers were concerned about the impact of … Continue reading U.S. Dollar Rebounds after Rise in U.S. Producer Inflation
The global outlook for oil markets in 2018 could crush hopes for higher prices, according to the latest monthly report from the International Energy Agency.
U.S. West Texas Intermediate and internationally-favored crude oil futures finished slightly higher on Wednesday as investors prepared for the release of weekly inventories data from the American Petroleum Institute (API) on Wednesday and the U.S. Energy Information Administration (EIA) on Thursday. Oil prices rose for a third day on Wednesday as OPEC forecast higher demand … Continue reading Oil Price Fundamental Daily Forecast – Prices Weaken After API Reports Inventory Build
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.
December West Texas Intermediate crude oil futures are trading slightly higher shortly before the regular session opening. The market spiked higher earlier in the session, but has since pulled back to nearly break-even. Since Monday was a U.S. federal holiday, the American Petroleum Institute and U.S. Energy Information Administration weekly inventories reports have been delayed … Continue reading Crude Oil Price Update – Trader Reaction to $51.27 Will Set the Tone for the Session
Crude oil prices rose higher on Tuesday and continue to trade higher on Wednesday morning after Saudi Arabia declared to curb November crude oil exports by 7% or 560,000 barrels a day as a measure towards market rebalancing. WTI Crude oil gained 0.39% to trade at $51.12 as of 8:00 GMT. The increase in crude … Continue reading WTI Crude Oil Daily Analysis – October 11, 2017
U.S. West Texas Intermediate and international benchmark Brent crude oil rose for a second day on Tuesday on signs that markets are gradually tightening after years of oversupply. However, gains were capped because of uncertainty over supply/demand in 2018. December WTI crude oil settled at $51.23, up $1.30 or +2.60% and January Brent crude oil … Continue reading Oil Price Fundamental Daily Forecast – Traders Still Looking for Guidance
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.
December West Texas Intermediate crude oil futures are trading higher on Tuesday, supported by Saudi Arabian export cuts in November and signs that the market is rebalancing after years of oversupply. Basically, prices are being boosted by news that the Saudis are planning to reduce its oil shipment to customers in November. This is in … Continue reading Crude Oil Price Update – Trader Reaction to $50.60 Will Set the Tone for the Day
Crude oil prices rose higher on Monday and trade slightly higher on Tuesday morning with an optimistic start to the week as Hurricane Nate weakened and the upbeat comments from OPEC boosted sentiment. According to the Bureau of Safety and Environmental Enforcement, more than 90% percent of crude oil production capacity in the Gulf of … Continue reading WTI Crude Oil Daily Analysis – October 10, 2017
U.S. West Texas Intermediate and international-benchmark Brent crude oil closed higher on Monday. WTI crude posted an inside move on the charts which suggests investor indecision and impending volatility. Brent crude rebounded from a fresh low to close higher, indicating that the buying may be greater than the selling at current price levels. At 0653 … Continue reading Oil Price Fundamental Daily Forecast – OPEC Claims Market Rebalancing; Calls on U.S. Shale Producers to Slow Output
Oil exchange traded products, including the United States Oil Fund (NYSEArca: USO), which tracks West Texas Intermediate crude oil futures, and the United States Brent Oil Fund (NYSEArca: BNO), which tracks ...
U.S. West Texas Intermediate crude oil and international-benchmark Brent crude oil are trading higher early Monday with both futures contracts trading inside Friday’s wide range. This indicates investor indecision and impending volatility. At 0610 GMT, December WTI Crude Oil is trading $49.83, up $0.18 or +0.36% and January Brent Crude Oil is at $55.54, up … Continue reading Oil Price Fundamental Daily Forecast – Prices Expected to Stabilize on Low Volume Trading
After crude oil prices finished sharply lower on Friday, the ‘black gold’ rises on Monday morning on investors’ expectations that Saudi Arabia would pin down its production and as the new oil rigs in the U.S fell. With concerns of overproduction, oil prices dropped by around 2% on Friday, with WTI tumbling back below $50 per barrel. … Continue reading WTI Crude Oil Daily Analysis – October 9, 2017
U.S. West Texas Intermediate and international-benchmark crude oil finished the week sharply lower, putting an end to the multi-week rally. Traders said that profit-taking and concerns over the global supply glut were the catalysts behind the selling pressure. December WTI Crude Oil settled at $49.65, down $2.30 or -4.43% and January Brent Crude Oil closed … Continue reading Oil Price Fundamental Weekly Forecast- Prices Could Jump if Trump Decertifies Iran Deal
U.S. West Texas Intermediate and international-benchmark crude oil rose sharply on Thursday after Saudi Arabia and Russia hinted that they would limit production through next year. This bullish news outweighed government data on Wednesday that showed record U.S. exports. November WTI crude oil settled at $50.79, up $0.81 or +1.62% and December Brent crude oil … Continue reading Oil Price Fundamental Daily Forecast- Renewed Hedging Pressure Could Limit Gains
US crude oil production is at the highest level since July 2015. US crude oil (UCO) (UWT) prices have fallen 12.5% year-to-date due to high production.