Post Tagged with: "crude oil futures"

Source: CNBC

What plunging crude prices mean for the market’s largest oil ETF

CNBC


It’s been a wild week for the oil market.

Oil prices began an unprecedented drop on Monday that saw the West Texas Intermediate May futures contract, which expires on Tuesday, slide into negative territory for the first time ever. …

Source: Reuters

Expiring U.S. crude oil futures contract posts ‘epic’ 40% slide

Reuters


An extreme situation has developed in the U.S. crude oil futures markets, as the current front-month May contract expiring on Tuesday has dropped by a whopping 40%, opening up the widest gap ever between it and the next contract, …

Source: Houston Chronicle

Hedge funds stay bullish on oil amid trade truce, OPEC+ cuts

Houston Chronicle


Hedge funds are approaching the end of the year more optimistic on global oil prices than they’ve been since May.

Their net-bullish wagers on Brent crude climbed for the ninth week in 10, reaching a seven-month high, data …

December 30, 2019 - 2:00 pm Closing Bell Story‎, Crude Oil News, Energy News
Source: Reuters

Oil futures rise on talk of further OPEC+ supply curbs

Reuters


NEW YORK – Oil futures gained over 1% on Monday on hints the Organization of the Petroleum Exporting Countries (OPEC) and its allies may agree to deepen output cuts at a meeting this week and as rising manufacturing activity …

December 2, 2019 - 12:00 pm Closing Bell Story‎, Crude Oil News, Energy News, OPEC
Crude Oil Futures:  Who’s Long and Who’s Short?

Crude Oil Futures:  Who’s Long and Who’s Short?

A presidential commission tracks the crude oil positions that are reported each week: this week producers and processors are short, while managed money is long oil

In its Weekly Commitment of Traders Report released every Friday, the United States Commodity