WTI

Among futures-based oil exchange-traded products, the United States Oil Fund LP (ETF) (NYSE: USO) gets the most attention. USO tracks front-month West Texas Intermediate futures, the U.S. benchmark oil contract. USO And BNO However, Brent futures are the global oil benchmark contract. Fortunately,...

The Energy Select Sector SPDR (ETF) (NYSE: XLE) is up 1.2 percent year to date. That does not sound like much, but it is a far cry from the savage losses incurred by the benchmark energy exchange traded fund in each of the past two years. In March, XLE surged 7.4 percent, outpacing the S&P 500...

In a new report, UBS analyst Jon Rigby updated the firm’s outlook for the global oil markets, including predictions for when the market will begin to recover. According to Rigby, the market is now on course to reach a balance by 2017. He noted that the nearly 40 percent rally in WTI since the...

WTI crude oil prices have soared 37.6 percent in the past month, but the market remains divided on whether the oil rally is for real. Shares of the United States Oil Fund LP (ETF) (NYSE: USO) have only risen 28.0 percent during the past month, an indication that many investors are not convinced...

In a new report, Deutsche Bank analyst Ed Reardon discussed the impact that low oil prices are having on credit markets. Low oil prices are hurting the high-yield energy credit market, but consumer credit and aviation debt markets have benefited. Deutsche Bank is now projecting $33/bbl for Brent...

The heavily traded and much maligned United States Oil Fund LP (ETF) (NYSE: USO), which tracks West Texas Intermediate futures, is up 8.6 percent over the past five days, while U.S. benchmark crude for March delivery is higher by 9.4 percent over the same period. Under any circumstances, those are...

Over the past 90 days, 20 (or 80 percent) of the 25 worst performing exchange-traded products are ETFs or exchange-traded notes (ETNs) related to oil and natural gas. And of those 20 offenders, including the worst performer, nine of those products are dedicated master limited partnership ETFs or...

To say the United States Oil Fund LP (ETF) (NYSE: USO), which tracks West Texas Intermediate crude oil futures, is a flawed product is accurate and fair. Over the past three years, USO is down 77.1 percent, but the exchange-traded product remains a favorite, on both sides of the oil trade, of...

On Thursday, Bernstein Research issued a report regarding the fall in oil prices seen in recent months, saying that if prices remain low, a wave of sovereign defaults may be seen. Currently, WTI Crude Oil is trading at $32.28 a barrel, which has put pressure on governments such as Russia, Qatar...

Oil prices surged to new three-week highs on Thursday after Russian Energy Minister Alexander Novak said that Saudi Arabia had proposed a production cut of up to 5.0 percent to help support oil prices. However, despite the good news, Barclay’s analyst Thomas Driscoll maintains his bearish...

Given its lengthy bear market, mounting bearish price forecasts and the "more bad news than good news" scenario facing the oil market, it might come as a surprise to some that professional investors are not heavily short the commodity. That is understandable when considering the United States Oil...

In the face of persistent pricing weakness, Credit Suisse is the latest firm to lower its crude oil pricing forecast for 2016 and beyond. Credit Suisse is now calling for average WTI crude prices of $30/bbl in Q1 of 2016, $38/bbl for 2016 as a whole and $54/bbl for 2017. The Bulls And The Bears...

BENZINGA: We're on today with Cale Smith down in Islamorada, down in the keys. He's the manager of the Islamorada Investment Management. Cale, we've met a few times, talked several times, and you've just done something very unique. You've gone all in on oil, haven't you? Cale Smith: Yeah, we have,...

2015 has been a difficult year for oil investors and companies, as crude prices plummeted and supplies far outweighed demand. Several different factors have weighed on oil over the past year, all of which have kept the market from rebounding. The global economy has been a major contributor to...