|Bid||0.00 x 0|
|Ask||0.00 x 0|
|Day's Range||9.61 - 9.83|
|52 Week Range||7.40 - 9.93|
|PE Ratio (TTM)||N/A|
|Expense Ratio (net)||0.78%|
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%.
The EIA estimated that Cushing’s crude oil inventories fell by 2,753,000 barrels or 4.7% to 55.5 MMbbls (million barrels) on November 24–December 1, 2017.
On December 7, 2017, US crude oil’s implied volatility was 20% or ~1.1% less than its 15-day average. On December 1, the implied volatility fell to 19.8%.
Whiting Petroleum (WLL) stock has fallen ~52% YTD. In this series, we'll be looking at various factors that could have affected WLL’s stock fall.
Between November 29 and December 6, natural gas (GASL)(GASX)(FCG) January 2018 futures had a correlation of -1.6% with US crude oil January futures.
After a record high of 1,606 in 2008, the natural gas rig count has fallen ~88.8% to date. However, natural gas supplies keep rising because of higher oil rig counts.
Oil could sway natural gas prices and the energy sector. So, these natural gas–weighted stocks could exhibit a higher correlation with oil prices.
US gasoline inventories rose by 3,627,000 barrels to 214 MMbbls (million barrels) on November 17–24, 2017, according to the EIA.
Oil prices and the related exchange traded funds have recently rallied in epic fashion, but traders should note December can be unkind to some oil ETFs. That includes the PowerShares DB Oil ETF (NYSEARCA: ...
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.
Hedge funds cut their net bullish positions on US crude oil futures and options by 5,872 contracts or 1.7% to 343,840 contracts on November 14–24, 2017.
Libya is one of OPEC's members. The EIA estimated that its crude oil production rose by 35,000 bpd or 3.8% to 960,000 bpd in October 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%.
According to the EIA (U.S. Energy Information Administration), US distillate inventories rose by 269,000 barrels to 125 MMbbls (million barrels) between November 10 and 17, 2017. However, inventories were ...
EQT (EQT) had a correlation at 53.3% with oil prices in the trailing week. It was the natural gas–weighted stock that might escape oil’s moves.
Hedge funds increased their net long positions in US crude oil futures and options by 31,906 contracts to 349,712 contracts on November 7–14, 2017.