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WTI Jumps Above $52 After Huge Crude Draw
Article By: Tyler Durden
Tuesday, December 11, 2018 4:48 PM EST
WTI prices rebounded today on renewed optimism that announced production cuts from the OPEC+ coalition will re-balance global markets and was helped by the fact that Libya’s biggest field remained shut, taking supply offline.
In this article: OILB, UCO
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WTI Slumps As Postponed OPEC Conference Trumps Crude Inventory Surprise
Article By: Tyler Durden
Thursday, December 6, 2018 11:30 AM EST
While all eyes are focused on Vienna and the OPEC+ meeting, inventory data will likely not be completely ignored following Tuesday's surprise API-reported crude build.
In this article: OILB, UCO
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WTI Extends Loss After Surprise Crude Build
Article By: Tyler Durden
Tuesday, December 4, 2018 5:00 PM EST
Amid doubts over global economic growth (and demand) as well as rising Russia-Saudi decisions on supply (and Alberta production cuts), WTI has rebounded modestly post-trade-truce, holding around $53.
In this article: OILB, UCO
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Oil Prices Risk Larger Rebound Ahead Of OPEC Meeting Amid RSI Signal
Article By: DailyFX
Tuesday, December 4, 2018 1:54 PM EST
Broader outlook for crude remains bearish as it snaps the upward trend from earlier this year.
In this article: OILB, UCO, USO
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Does The S&P Need Higher Oil?
Article By: Charlie Bilello
Friday, November 30, 2018 2:00 PM EST
If only Oil prices had not collapsed, some pundits argued, stocks would be hitting new highs. How accurate is this line of thinking?
In this article: OILB, SPX, UCO
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The Oil War Is Only Just Getting Started
Jason Stewart 2/6/2017 9:22:34 PM

#OPEC can very well try to appear unfazed but their influence on the global #oil market has been on a decline for quite some time. What we are seeing now is a perfect example of their waning influence. They've gone through considerable lengths with the current production deals in order to prop up the oil price. The end result is a stabilization around $50 - $60. The rebound in US oil rigs ensures that the oil price will never reach its previous highs. $OIL $UCO $USO

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