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Why WTI Could Reach $70
Article By: EasyMarkets
Friday, February 2, 2018 4:11 AM EDT
Yesterday, the global crude oil prices dropped after the EIA reported increasing inventory builds in the United States. Today, crude oil is gaining to recover some of the gains it had yesterday.
In this article: OIL, UCO, USO
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OPEC Agrees To Extend Oil Supply Cuts Until End Of 2018: Bloomberg
Article By: Tyler Durden
Thursday, November 30, 2017 8:05 AM EDT
OPEC ministers have agreed to extend their production cuts until the end of 2018 - agreeing with the Saudi-proposed 9-month extension - and discussions have now moved on to the mechanism that will be used to review the agreement.
In this article: OIL, UCO, USO
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The Stock Whisper Of The Day: SPY, USO, UCO, GOVT, BND, QQQ
Video By: Stefanie Kammerman
Tuesday, June 27, 2017 9:44 AM EDT
Hot Stocks of the Day: SPY, USO, UCO, GOVT, BND and QQQ.
In this video: SPY, QQQ, BND, USO, UCO, GOVT
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E Oil Trade Update
Article By: Rambus Chartology
Monday, May 15, 2017 6:04 PM EDT
The oil price is very sensitive and is one of the leading indicators of the economy. The price pop was a reaction from the announcement that the OPEC agreement would be extended.
In this article: OIL, UCO, UGA, UNG, USO
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Goldman Warns OPEC Production Cut Extension Will Backfire, Result In Lower Prices
Article By: Tyler Durden
Monday, March 27, 2017 11:58 AM EDT
The rebalancing of the oil market is in fact making progress despite the record high US crude inventories. The OECD inventories on a days of demand cover will reach their 5-year average level by year-end.
In this article: OIL, UCO, USO
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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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