PowerShares DB Crude Oil Double Sho... (DTO)
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PowerShares DB Crude Oil Double Sho... (DTO)
PowerShares DB Crude Oil Double Sho... (DTO)
PowerShares DB Crude Oil Double Sho... (DTO)
PowerShares DB Crude Oil Double Sho... (DTO)
PowerShares DB Crude Oil Double Sho... (DTO)
U.S. crude supply fell 2.1M barrels last week, API says
The American Petroleum Institute reportedly shows a draw of 2.13M barrels of oil for the week ending March 15, vs. a draw of 2.6M barrels in the previous week; the crude draw would be second in a row if confirmed tomorrow by EIA data. More news on: The United States Oil ETF, LP, iPath S&…
Oil Is Going Higher, Perhaps A Lot Higher
Though late last year through today may have been ruled in large part by the fears of oil bears, recent data, this time put out by OPEC, suggests that the tide is turning for the oil industry. Based on recent figures put out by the group, combined with a commitment by Saudi Arabia to reduc…
OIL Weekly: Ticking Demand Hastens Bullish Crude Sentiment
Introduction In this short note, I wish to discuss oil markets fundamental developments through the iPath S&P Oil Total Return Index ETN ( OIL ). As you may know, OIL provides investors with a cash payment at the scheduled maturity or early redemption, based on the performance of it…
Crude climbs to YTD highs amid OPEC commitment to rebalance oil market
Crude oil prices reach YTD highs following OPECs agreement to deepen their production cuts beyond the quota agreed in December; WTI +0.5% to $59.37/bbl, Brent +0.6% to $67.95/bbl. More news on: The United States Oil ETF, LP, Energy Select Sector SPDR ETF, iPath S&P …
How The IEA Overplays The U.S. Shale Revolution
Image source Oil prices last week rose to 2019 highs as a result of the tightening oil market that reflects lower inventories levels with a combined fall in both crude oil and refined products, though US crude exports reached record high levels. The Energy Information Administration ((…