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At Close: Apr 26, 2024
Crude oil craters as OPEC+ talks on verge of collapse
03:13pm, Friday, 06'th Mar 2020
Crude oil futures (USO -7.3%) extend losses, falling as much as 6.5% with OPEC+ talks said to be on the verge of collapse; April WTI -5.7% to $43.27/bbl, May Brent -5.6% to $47.18/bbl.Russia reportedl
OPEC ministers said to agree to 1.5M bbl/day cut, but is Russia on board?
12:44pm, Thursday, 05'th Mar 2020
Crude oil prices (NYSEARCA:USO) popped higher following a Bloomberg report that OPEC ministers agreed to cut production by a larger than expected 1.5M bbl/day in response to the coronavirus, citing de
Russia resisting Saudi plan to deepen OPEC production cuts - WSJ
05:14pm, Wednesday, 04'th Mar 2020
Crude oil futures (NYSEARCA:USO) turn negative following a WSJ report that Russia is still resisting Saudi Arabia's plan to deepen OPEC+ production cuts by 1.2M bbl/day despite pressure from the coron
Global oil demand to shrink, Goldman says in new forecast
11:21pm, Tuesday, 03'rd Mar 2020
Goldman Sachs forecasts global oil demand will shrink 150K bbl/day this year, including a global demand loss of 2.1M bbl/day in H1, and cuts its price forecast for Brent crude (NYSEARCA:BNO) to $47/bb
OPEC committee recommends 600K bbl/day output cut
04:40pm, Tuesday, 03'rd Mar 2020
Crude oil prices pare earlier advances as OPEC's joint technical committee reportedly recommends the group cut crude production by 600K bbl/day in Q2 and extending existing cuts to the end of the year
Oil back to waiting for OPEC after brief Fed-fueled spike
03:34pm, Tuesday, 03'rd Mar 2020
Crude oil prices (NYSEARCA:USO) enjoyed a knee-jerk spike on the Fed rate cut, but immediately gave most of it back, as the main focus of traders remains OPEC.The group is expected to order a bigger o
Oil surges ahead of OPEC meeting, potential production cut
05:12pm, Monday, 02'nd Mar 2020
Crude oil's (USO +3.9%) freefall comes to a halt, reversing last week's plunge to multi-year lows, on expectations that global central banks will provide stimulus that supports risky assets.April WTI
VXX, GDXJ, UVXY, and JNUG among weekly ETF movers
10:14pm, Friday, 28'th Feb 2020
Gainers: VS 2X VIX Short Term (NASDAQ:TVIX) +123.3%.Ultra VIX Short-Term Fut Proshares (NYSEARCA:UVXY) +85.7%.Direxion Junior Gold Mine Bear 3X (NYSEARCA:JDST) +75.4%.Direxion S&P Oil & Gas Ex
U.S. crude oil concludes worst week in more than 11 years
09:12pm, Friday, 28'th Feb 2020
The U.S. benchmark oil price (NYSEARCA:USO) plunged 16% in its largest weekly decline since December 2008, as the spread of the coronavirus stokes fears of slowing global demand.April WTI crude settle
The Bears Have Energy, But How High Can Coronavirus Fuel These Inverse ETFs?
02:28pm, Friday, 28'th Feb 2020
Despite encouraging signs late in 2019 that the energy market might be swept up in the rally that pushed major indexes to new highs, the prices for oil and natural gas have spent the initial weeks of
Energy stocks, oil prices bounce off session lows
05:15pm, Thursday, 27'th Feb 2020
The S&P 500 energy sector (XLE -1.3%) has climbed off its lows of the day but remains firmly in the red, extending its dismal YTD run as the market's weakest sector with a 23% drop since the end o
U.S. crude slumps to lowest settlement in more than a year
09:19pm, Wednesday, 26'th Feb 2020
U.S. crude oil (NYSEARCA:USO) tumbles to its lowest price in more than a year after hundreds of new coronavirus cases were reported in Asia, Europe and the Middle East, adding to fears of weaker ener
Energy sector now -18% YTD as oil prices remain under pressure
08:36pm, Tuesday, 25'th Feb 2020
The energy sector (XLE -4.8%) is again the day's weakest performer, as crude oil tumbles for a third session on concerns about the spread of the coronavirus outside China and the potential impact on o
3 Leveraged ETFs For Sinking Energy Stocks
02:19pm, Tuesday, 25'th Feb 2020
Due in large part to the panicked selling caused by the spread of the novel coronavirus, also know as COVID-19, oil prices and energy equities are tumbling. For example, the United States Oil Fund (NY
Energy extends YTD loss to 15% as oil prices plunge
05:25pm, Monday, 24'th Feb 2020
The energy sector (XLE -4.5%) is today's weakest performer, widening its YTD loss to 15% and a fresh low for the year, as crude prices plunge into bear territory amid weakening risk tolerance due to t