5:26pm ET
Investing
Can Oil Go to $70 a Barrel?
The drop in oil has been nearly monumental since the start of May. The global slowdown is hurting oil far more than the geopolitical risks are helping oil. Crude Oil is down…
Companies
United States Oil Fund
$154.90
▼ $3.48 (−2.20%) today
Markets closed · 3:45pm ET
USO Coverage
Page 234:14pm ET
Investing
Consumer Bonus: Oil Challenging $80/Barrel and Gasoline Challenging $3.50/Gallon
Maybe you want to blame the rising dollar or maybe you want to blame continued slow weakness along with a building inventory report. Oil is now within striking distance of the $80…
10:43am ET
Energy
Big Oil Inventory Build Shakes Up Oil & Gas Sector (USO, UGA, PSX, VLO, OIH)
The Department of Energy is out with its weekly oil and gasoline inventory data and this is going to likely move the markets. Crude oil stocks managed to build up by a…
10:48am ET
Energy
DOE Very Mixed Oil & Gasoline Inventories and Refining Data (USO, UGA, PSX, VLO, OIH)
The Department of Energy is out with its weekly oil and gasoline inventory data. Crude oil stocks fell by 191,000 barrels in the last week to 384.438 million barrels. We were expecting…
10:53am ET
Energy
DOE Crude & Gasoline Inventories Meet High Refining Capacity (USO, UGA, PSX, VLO, OIH)
The weekly oil inventories are out from the Department of Energy and we have yet another trend that is good for the consumer but probably not the greatest news for oil bulls. …
2:59pm ET
Energy
Oil Breaks Under $92/Barrel (USO)
NYMEX Crude keeps listing lower and lower. This seems odd considering that the Memorial Day weekend ahead is supposed to mark the official start of the summer driving season. The drop in…
Jon C. Ogg 10:44am ET
Energy
Oil Inventories & Capacity Act As Booster (OIH, VLO, PSX, USO)
The U.S. Department of Energy has released its weekly oil inventory data showing a build up in crude inventories as expected. The rise came to +2.128 million barrels of crude oil to…
12:24pm ET
Investing
Major Reactions As Crude Marches Down Through $100/Barrel (USO, OIH, AMJ, XOM, CVX, SLB, BHI, RIG, NOV, VLO, CHK)
It was just a couple of days ago that oil was trading around $105 per barrel for West Texas Intermediate crude. Now the talk has migrated away from geopolitical risks associated with Iran. …
11:34am ET
Investing
Obama Speech Attacks Oil & Gas Subsidies (XOM, VLO, CHK, FSLR, USO)
In a “we versus them” speech today, President Obama again called for the end of subsidies for oil and gas companies. His speech talked about the global opportunities that the big oil…
4:04pm ET
Investing
Rumor Bantering Of Saudi Pipeline Explosion
True, False… Risk-on, Risk-off… Rumors impacted the market today and the rumors have already been denied per some wire reports. The rumor today was of an explosion at a pipeline in Saudi…
9:07am ET
Investing
Finally, A Breather in Oil & Gasoline Prices (USO, UGA)
Crude-oil futures are trading lower so far this Monday morning. There is becoming a fear that higher oil prices could damage the global economic recovery. Today’s move may just be proof that…
3:41pm ET
Energy
The Paradox Of Bashing More Oil Drilling… Politics Of Tapping SPR? (USO, UGA)
When the President is talking about the high societal cost of rising oil prices yet simultaneously in the same speech is bashing the thought of more drilling for oil, it has to leave…
10:00am ET
Energy
The Economic & Sentiment Damage of $4.00 Gasoline (UGA, USO, XOM)
With West Texas Intermediate Crude challenging $105 per barrel now, it is time to start assessing the threat of $4.00 per gallon in gasoline. The summer driving season is usually a threat…
2:01pm ET
Investing
Psychological Damage of $3.50 Gasoline Going to $4.00 (UGA, USO, XOM)
Car companies make most of their money on SUVs and crossover vehicles? What happens to those sales after gasoline rises and rises? It has been hard for many Americans to understand why…
5:37pm ET
Investing
CME Lowers Energy & Metals Margin Trading Requirements (CME, GLD, USO, SLV, JJC)
CME Group Inc. (NYSE: CME) is going to make it cheaper for traders to trade energy and metals futures, something which could make it easier and cheaper for traders, speculators, and investors…