|Bid||15.50 x 2000|
|Ask||16.21 x 2000|
|Day's Range||15.86 - 16.25|
|52 Week Range||12.90 - 23.90|
|PE Ratio (TTM)||N/A|
|Expense Ratio (net)||0.35%|
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.
Goldman Sachs predicts that oil (USO) (DWT) prices might fall quickly if there's any disappointing announcement in OPEC's meeting.
Norway already has the happiest population, the best wood (and the craziest death metal), and given the country's commitment to social justice and environmental causes, it should come as no surprise that more than a third of the nation's car sales are of electric vehicles (EVs). Jefferies' Laban Yu and Patrick Yuan think perhaps not. On one level, Yu and Yuan write that divesting from fossil fuel stocks, a plan which the central bank says is "based exclusively on financial arguments and analyses of the government's total oil and gas exposure" and the sector's sustainability, makes sense, given that Norway should diversify from relying on oil and gas profits.
The IEA downgraded the global crude oil demand estimates for 2017 and 2018, which weighed on oil (USO) (USL) prices on November 14, 2017.
Higher crude oil demand, easing supplies and inventories, improving global crude oil demand, and economic growth could support oil prices.
On November 3, 2017, Baker Hughes published the US oil rig count report. It estimated that US oil rigs fell by eight to 729 on October 27–November 3, 2017.
Energy has had a tough year, with the Energy Select Sector SPDR (XLE) down just over 9% this year, but the worst pain might be over? Robert W. Baird’s Ethan Bellamy and his team write that even with oil ...
As of early Wednesday, October 11, WTI (West Texas Intermediate) crude oil prices are sitting at a one-week high.
Cushing crude oil inventories rose for the sixth consecutive week. Any rise in Cushing inventories is bearish for crude oil (USO) (USL) (SCO) prices.
Oil prices climbed at the end of last week, helped by news of yet another storm that curtailed production in the Gulf of Mexico. Guggenheim’s Michael LaMotte and Subash Chandra expect the effects to be transitory, but warn that the spread between Brent and West Texas Intermediary prices may be here to stay.
After dominating the sector fund universe for much of this year, techs and biotechs are being dethroned by energy and other industrials.
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.
Hence, they upgraded the energy sector to attractive today. First, Rats writes that the while the energy sector will certainly change "profoundly" in the coming decades, this transformation will take time, allowing a medium-term cyclical recovery to take center stage. Second, he writes that oil prices are supported by strong demand--this is the third year in a row it's run above historical trends--and that's been more than enough to offset higher production in the U.S. and elsewhere.
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 29, the CFTC (U.S. Commodity Futures Trading Commission) is slated to release its weekly “Commitment of Traders” report.
It's estimated that India's crude oil imports rose 210,000 bpd to 4.4 MMbpd (million barrels per day) in August 2017—a 5% month-over-month rise.
Cushing crude oil inventories rose on September 15–22, 2017. A rise in Cushing crude oil inventories is bearish for crude oil (UWT) (DWT) (USO) prices.
WTI (West Texas Intermediate) crude oil (RYE) (VDE) futures hit $26.21 per barrel on February 11, 2016—the lowest level in more than a decade.
The EIA (U.S. Energy Information Administration) estimates that US crude oil production rose by 157,000 bpd (barrels per day), or 1.7%, to 9,510,000 bpd between September 8, 2017, and September 15, 2017....
The U.S. Energy Information Administration or EIA on Wednesday released data showing higher domestic crude inventory. U.S. stockpiles rose by 4.6 million barrels for the week ended Sept. 15, above S&P ...
On September 19, 2017, Iraq’s oil minister indicated that major producers' output cut deal would be extended beyond March 2018.
The EIA estimates that weekly US gasoline demand rose by 456,000 bpd (barrels per day) to 9.6 MMbpd (million barrels per day) on September 1–8, 2017.