WTI

Oil traders will be losing a pair of the most popular leveraged trading tools this week. Credit Suisse has announced the delisting of the VelocityShares 3X Inverse Crude ETN linked to the S&P GSCI Crude Oil Index Excess Return (NYSE: DWTI) and the VelocityShares 3X Long Crude ETN linked to the...

Crude oil prices hit their highest level in a year and a half on Monday, following last week’s strong performance with another push higher. The surge follows last week’s surprise decision by OPEC to cut production for the first time since 2008. Recent Performance Brent futures LCOc1...

Canaccord Genuity said in a research note on Tuesday that it sees 38 percent production growth for Diamondback Energy Inc (NASDAQ: FANG) in 2017 to 58.4 million barrels per of oil equivalents per day, or MBoe/day, which is at the high end of the company's guidance range. The firm premised the...

Exchange-traded products have made commodities investing available to the masses, and that is great. What is not so great? The pesky K-1 tax forms that accompany those investments come tax season. A new exchange-traded fund from ProShares looks to ameliorate that problem, at least for those...

Traders often read headlines about crude oil prices rising or falling in response to news. However, if you ever try to find a price quote for crude oil, things can get a bit confusing. First, it’s important to understand that crude oil comes in many different forms. The blend of the crude...

Goldman Sachs said in a research note released on Tuesday that the oil supply-demand balance is weaker than previously expected. The deduction is based on upside surprises to the third quarter production and greater clarity on new project delivery into the year-end. At last check, the WTI grade of...

Despite all the scuttlebutt that the Federal Reserve is finally nearing its first interest rate hike of 2016, the U.S. Dollar Index has not done much this month, trading slightly lower. On the other hand, oil prices are rallying, which usually does not happen when traders expect the dollar to rise...

It is not etched in stone, but it often happens. That being airline stocks fall while oil prices rise and vice versa. Year-to-date, West Texas Intermediate futures, though weaker in recent months, have traded higher while the U.S. Global Jets ETF (NYSE: JETS) is down nearly 10 percent. That does...

In a pair of new reports, analysts at Morgan Stanley and Credit Suisse take a close look at the unpredictable global oil market. WTI oil prices nearly doubled from their 2016 low of $26.05/bbl back in February to their 2016 high of $51.67 in June. However, since the June peak, prices slumped as low...

It’s now been more than two years since WTI crude oil traded above $100/bbl, but the global oil market is still far from balanced. WTI prices have rebounded significantly from multi-year lows of $26.05 back in February, but U.S. crude oil now seems to have lost the momentum that carried it as...

The Wall Street Journal surveyed 13 investment banks and asked for their oil outlook through next year. The results of the survey showed that banks are bearish on oil yet again. The banks expect West Texas Intermediate (WTI) crude to average $55 a barrel next year, marking a decrease of around one...

WTI crude oil prices dipped back below $40/bbl on Monday for the first time in several months on growing concerns about U.S. gasoline oversupply and fears that global producers are ramping up crude production too soon. According to Paradigm Capital analyst Ken Lin, oil stocks will likely continue...

On Monday, WTI crude oil prices dipped below $40/bbl for the first time since April, after the latest batch of data has investors worried that the infamous global oil glut may be returning. On Friday, a Reuters survey revealed that OPEC output may have risen to its highest level in recent history...

Barclays has upgraded Murphy Oil Corporation (NYSE: MUR) shares to Overweight from Equal Weight on valuation. Rating, Target And Estimate "We think the risks associated with the stock are already well known and have been priced in by the market. Despite their strong performance YTD, the shares...

Analysts and traders can make all the predictions they want about where oil prices are headed and when the global oil industry will begin to recover. But, the true oil and gas recovery will begin when cash starts flowing back into the space. Recent news from Chevron Corporation (NYSE: CVX), Exxon...