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Top Performing Leveraged/Inverse ETFs: 05/25/2025

  • Top Performing Leveraged/Inverse ETFs Last Week These were last week's top performing leveraged and inverse ETFs. Note that because of leverage, these kinds of funds can move quickly.
    05/28/2025

5 Leveraged/Inverse ETFs That Gained More Than 25% in April

  • Market volatility boosts demand for leveraged and inverse-leveraged ETFs. A few of them gained more than 25% last month.
    05/01/2025
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The price of MicroSectors U.S. Big Oil Index -3X Inverse Leveraged ETNs (NRGD) is 18.485 and it was updated on 2025-07-09 13:00:20.

Currently MicroSectors U.S. Big Oil Index -3X Inverse Leveraged ETNs (NRGD) is in undervalued.

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Top Performing Leveraged/Inverse ETFs: 04/06/2025

  • Top Performing Leveraged/Inverse ETFs Last Week These were last week's top performing leveraged and inverse ETFs. Note that because of leverage, these kinds of funds can move quickly.
    Thu, Apr. 10, 2025

Leveraged ETF Winners Amid Wall Street's Worst Week Since 2020

  • Inverse and volatility ETFs won in the worst week of Wall Street since 2020.
    Mon, Apr. 07, 2025

Top Performing Leveraged/Inverse ETFs: 03/09/2025

  • Top Performing Leveraged/Inverse ETFs Last Week These were last week's top performing leveraged and inverse ETFs. Note that because of leverage, these kinds of funds can move quickly.
    Wed, Mar. 12, 2025

Inverse Energy ETFs Rise Amid Steep Decline in Oil

  • Oil prices are on their longest weekly losing streak since 2018, leading to a surge in inverse or inverse-leveraged energy ETFs.
    Fri, Dec. 08, 2023

Top Performing Leveraged/Inverse ETFs: 10/29/2023

  • Top Performing Levered/Inverse ETFs Last Week These were last week's top performing leveraged and inverse ETFs. Note that because of leverage, these kinds of funds can move quickly.
    Tue, Oct. 31, 2023
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Best Inverse/Leveraged ETFs of Last Week

  • Wall Street delivered a downbeat performance last week.
  • 10/30/2023

Top Performing Leveraged/Inverse ETFs: 10/08/2023

  • Top Performing Levered/Inverse ETFs Last Week These were last week's top performing leveraged and inverse ETFs. Note that because of leverage, these kinds of funds can move quickly.
  • 10/10/2023

Top Performing Leveraged/Inverse ETFs: 06/25/2023

  • Top Performing Levered/Inverse ETFs Last Week These were last week's top performing leveraged and inverse ETFs. Note that because of leverage, these kinds of funds can move quickly.
  • 06/28/2023

5 Factors Why Inverse ETFs May Rule in 2H23

  • As short-sellers increase their bets against U.S. equities amidst a booming S&P 500 Index, we delve into why inverse ETFs may come to dominate the latter half of 2023.
  • 06/22/2023

Top Performing Leveraged/Inverse ETFs: 05/07/2023

  • Top Performing Levered/Inverse ETFs Last Week These were last week's top performing leveraged and inverse ETFs. Note that because of leverage, these kinds of funds can move quickly.
  • 05/10/2023

5 Best Inverse/Leveraged ETFs of Last Week

  • Wall Street offered a flat performance last week.
  • 04/25/2023

Top Performing Leveraged/Inverse ETFs: 02/19/2023

  • Top Performing Levered/Inverse ETFs Last Week These were last week's top performing leveraged and inverse ETFs. Note that because of leverage, these kinds of funds can move quickly.
  • 02/22/2023

Best Inverse/Leveraged ETFs of Last Week

  • Wall Street was mixed last week. Upbeat economic data points boosted the bets over a more hawkish Fed.
  • 02/20/2023

Top Performing Leveraged/Inverse ETFs: 02/05/2023

  • Top Performing Levered/Inverse ETFs Last Week These were last week's top performing leveraged and inverse ETFs. Note that because of leverage, these kinds of funds can move quickly.
  • 02/09/2023

Best Leveraged ETFs of Last Week

  • Wall Street was downbeat last week, probably due to the relentless market forecasts of a looming recession and an uncertain Fed rate outlook.
  • 12/13/2022

Top Performing Leveraged/Inverse ETFs: 12/11/2022

  • Top Performing Levered/Inverse ETFs Last Week These were last week's top performing leveraged and inverse ETFs. Note that because of leverage, these kinds of funds can move quickly.
  • 12/13/2022

Top Performing Leveraged/Inverse ETFs: 12/04/2022

  • Top Performing Levered/Inverse ETFs Last Week These were last week's top performing leveraged and inverse ETFs. Note that because of leverage, these kinds of funds can move quickly.
  • 12/07/2022

5 ETFs That Gained Investors' Love Last Week

  • Last week, ETFs shed about $2.9 billion in capital, pushing year-to-date inflows to $565.9 billion.
  • 12/06/2022

NRGD: Only Useful For Speculation

  • NRGD provides -3x returns of a basket of large-cap energy companies. Inverse leveraged ETNs provide positive convexity on the downside.
  • 10/18/2022

Top Performing Leveraged/Inverse ETFs: 09/25/2022

  • Top Performing Levered/Inverse ETFs Last Week These were last week's top-performing leveraged and inverse ETFs. Note that because of leverage, these kinds of funds can move quickly.
  • 09/28/2022

Best Inverse/Leveraged ETFs of Last Week

  • Wall Street was downbeat last week. Rising rate worries and recessionary fears were the key concerns.
  • 09/26/2022

Top Performing Leveraged/Inverse ETFs: 08/07/2022

  • Top Performing Levered/Inverse ETFs Last Week These were last week's top-performing leveraged and inverse ETFs. Note that because of leverage, these kinds of funds can move quickly.
  • 08/09/2022

5 Best-Performing Inverse ETFs of a Brutal June

  • June was marked with rounds of steep selling for U.S. stocks that resulted in huge demand for inverse or inverse-leveraged ETFs.
  • 07/01/2022

Top Performing Leveraged/Inverse ETFs: 02/20/2022

  • Top Performing Levered/Inverse ETFs Last Week These were last week's top performing leveraged and inverse ETFs. Note that because of leverage, these kinds of funds can move quickly.
  • 02/23/2022

NRGD: Take Advantage Of Ukraine Tensions Via A -3x Leveraged Oil ETN

  • NRGD is an ETN that offers an investor -3x the daily performance of the Solactive MicroSectors U.S. Big Oil Index.
  • 02/15/2022

5 Leveraged/Inverse ETFs Up More Than 15% in November

  • The month of November proved to be volatile for the U.S. stock market given rising inflation, a surge in COVID-19 cases and Fed's taper talks.
  • 12/01/2021

4 Best-Performing Inverse/Leveraged ETFs of Last Week

  • Wall Street was mixed last week with the S&P 500 (up 0.32%), the Dow Jones (down 1.4%), the Nasdaq Composite (up 1.24%) and the Russell 2000 (down 2.85%) displaying a mixed performance.
  • 11/22/2021

6 Inverse ETFs Gain on Broad Market Sell-Off

  • The broad market sell-off has resulted in a spike for inverse or inverse leveraged ETFs. These products either create a short position or a leveraged short position in the underlying index.
  • 09/21/2021

5 Best Inverse/Leveraged ETF Areas of Last Week

  • Wall Street was subdued last week due to the Fed's taper talks. As a result, these inverse ETFs won massively.
  • 08/23/2021

5 Top-Performing Leveraged/Inverse ETFs of July

  • While earnings optimism and a rebounding economy pushed the three major indices to new highs in July, concerns about the spread of the Delta variant of COVID-19 made investors jittery.
  • 08/02/2021

5 Best Inverse/Leveraged ETF Areas of Last Week

  • Wall Street was subdued last week. A slew of earnings results for the second quarter and a new report on consumer spending for June came in stronger than expected.
  • 07/19/2021

Week 29 MDA Breakout Stocks - July 2021: Short-Term Stocks And Funds To Give You An Edge

  • Two new sample breakout stocks for Week 29 with better than 10% short-term upside potential. New ETF/ETN forecast section has been added. This past week the peak gains were in ATOS +26.6% and FUV +5.8% with Market and S&P 500 Momentum Gauges in extremely high negative warning conditions.
  • 07/19/2021

4 Top-Performing Leveraged ETFs of Last Week

  • Last week was moderate for Wall Street. Rising virus cases probably weighed on the market sentiments slightly.
  • 07/12/2021

Let's Take A Look At This Weeks Highest Performing ETFs 5/7

  • Many investors utilize exchange-traded funds (ETFs) which are diversified securities that contain various investments including stocks, commodities, and bonds . Here are the top-performing ETFs this week that have been providing investors with consistent returns.
  • 05/07/2021

Let's Take A Look At This Weeks Highest Performing ETFs 4/30

  • Exchange Traded funds (ETFs) are excellent investment tools that can be purchased or sold on the stock market. Here are the highest performing ETFs this week that offer a wide variety of opportunities for investors.
  • 04/30/2021

Let's Take A Look At This Weeks Highest Performing ETFs

  • Exchange Traded funds (ETFs) are excellent investment tools that can be purchased or sold on the stock market. Here are the highest performing ETFs this week that offer a wide variety of opportunities for investors.
  • 04/16/2021

5 Inverse/Leveraged ETF Areas of Last Week

  • The last week was extremely upbeat for Wall Street with the S&P 500 and the Dow Jones at record highs.
  • 04/12/2021

Let's Take A Look At This Weeks Highest Performing ETFs

  • Many investors utilize exchange-traded funds (ETFs) which are diversified securities that contain various investments including stocks, commodities, and bonds. Here are the top-performing ETFs this week that have been providing investors with consistent returns.
  • 04/09/2021

ETF Odds & Ends: MicroSectors, iShares Split

  • Also, a host of changes to ETF names, indexes and tickers.
  • 03/29/2021

Top Inverse/Leveraged ETF Areas of Last Week

  • Last week was downbeat for Wall Street due to rising rate worries and subdued retail sales data. Several inverse leveraged ETFs gained handsomely last week.
  • 03/22/2021

Top Inverse/Leveraged ETFs of Last Week

  • Last week was downbeat for Wall Street. Simple profit-booking and some warnings from the too-big-to-fail companies probably led to this crash.
  • 02/01/2021

A Negative Long-Term Stance On The Energy Sector

  • A Negative Long-Term Stance On The Energy Sector
  • 01/12/2021

Options Mania Is Exerting Influence On Equity Price Action: Harrison

  • Retail investors are leading a speculative mania over options, a trend that predates COVID but which is being exacerbated by it.
  • 09/14/2020

Weekly Energy Recap: Oil Slides

  • Crude oil prices slid for a second consecutive week. Brent crude retreated to $39.83 per barrel and dipped below the $40 barrier for the first time since June.
  • 09/13/2020

Energy Policy Hangs In The Balance As The U.S. Election Nears

  • The incumbent is an advocate for US energy independence. The Green New Deal on the other side of the aisle.
  • 09/11/2020

WTI Likely To Move And Retest $35

  • It's not the time to buy this dip as we see WTI testing $35. XOP has also broken down from the previous support and likely headed for $41.
  • 09/11/2020

Natural Gas And NGLs: A Bright Spot In Energy

  • Natural gas prices have increased significantly year-to-date on the back of an improved supply-demand balance, and NGL prices are nearly flat on the year even as oil is still down significantly.
  • 09/09/2020

The Daily Dose; Brent Is In Correction Mode

  • Brent is officially in correction mode, shedding just over 10% of its value during September. Lackluster demand and ill-timed OPEC liberation leaves the market off balance.
  • 09/09/2020

Open Insights: EIA's Weekly Petroleum Report (08/28/20)

  • We review EIA's Weekly Petroleum Status Report for the week of August 28, 2020. Crude inventories decreased by 10.6M barrels and petroleum products increased by 1.7M barrels.
  • 09/08/2020

Weekly Energy Recap: Falling Oil Prices Revive Concerns About The Slow Pace Of Recovery

  • Oil prices retreated after last week's rebound, as Brent dropped to $42.66 per barrel and WTI weakened to $39.77 per barrel.
  • 09/06/2020

Saudi Crude Shipments Plunge: Understanding Why

  • In March and April, the market was up in arms about VLCCs from the Saudis coming to the US Gulf. This move was viewed by many almost as an act of war - financial aggression aimed to take down the still immature shale industry.
  • 09/04/2020

Saudi Arabia Very Serious About Eliminating The Storage Build In The U.S.

  • Saudis have dropped exports to the US to just ~167k b/d in August. This will push US crude imports from Saudi even lower in the coming weeks.
  • 09/03/2020

Bullish And Bearish Factors In The Crude Oil Market- The Signs Still Point Higher

  • Consolidation in crude oil continues. The price continues to make marginal new highs.
  • 09/02/2020

U.S. June Oil Production Rebounds

  • June's production rebounded from May's low by adding 420 kb/d. May's output was revised up by 15 kb/d from the EIA's July report.
  • 09/02/2020

Hurricane Laura Set To Impact Weekly Estimate And Oil Production Average

  • This week's EIA oil storage report will be materially impacted by Hurricane Laura. Platts estimated that ~2.3 mb/d of nameplate refinery capacity was impacted by the storm.
  • 09/01/2020

Oil Update - August 2020

  • For those that are brave enough to invest in energy companies, I suggest sticking with strong, well-capitalized companies that can withstand lower prices for longer periods.
  • 08/31/2020

Futures Are Hard - Hurricane Edition

  • While a lot of us were left scratching our heads on how futures markets could see crude oil go negative back in March, hurricanes give a great example of how futures markets work with different delivery dates (and places).
  • 08/29/2020

Hurricane Laura Lifts Oil Prices

  • The MSCI Asia Pacific Index had reached seven-month highs on Tuesday, but Japan, China, and Australian stocks saw modest profit-taking today.
  • 08/26/2020

Weekly Energy Recap: Contrasting Notes - But The Story Is The Same

  • The two international oil benchmarks ended the week on contrasting notes, as Brent edged lower after two weeks of gains to $44.35 per barrel, while WTI advanced to $42.34 per barrel.
  • 08/26/2020

Oil Prices Have Nowhere To Go But Down From Here

  • Oil prices have almost been stable in August so far. But the question is, where will the markets move from here? There has been a misplaced optimism in play that forced prices to move up; however, upon closer observation, it seems that markets are overreacting to any good news.
  • 08/24/2020

Non-OPEC Oil Production Collapses In April

  • Non-OPEC production dropped slowly from a high of 52,646 kb/d in December 2019 to 52,255 kb/d in March 2020.
  • 08/22/2020

The Daily Dose: Lots To Unpack For Oil Price Movements

  • Crude oil prices were lower early in the trading day on Wednesday after estimates showed a mixed bag for inventories of petroleum products in the United States.
  • 08/20/2020

Russia Exporting Less Crude Oil To Europe, But Probably Not For Long

  • Crude oil production in Russia has approached 9.8 million b/d in early August from less than 9.4 million b/d in July.
  • 08/19/2020

A Contrarian View On U.S. Oil Production

  • Our contrarian view on US oil production is that the rebound observed in July and August so far is way higher than what the consensus is estimating.
  • 08/17/2020

Weekly Energy Recap: Oil Demand Set To Falter Till 2022 As Virus Uncertainty Mounts

  • Crude oil prices remained stable for the third month in a row. Brent advanced to $44.80 per barrel by the end of the week as WTI also gained to $42.01 per barrel.
  • 08/16/2020

OPEC July 2020 Production Charts

  • OPEC crude only was up almost one million barrels per day in July. The lion's share of the increase in OPEC production came from Saudi Arabia.
  • 08/16/2020

Oil Prices Will Spike Because Linear Extrapolations Have Never Worked For Oil Markets

  • Market consensus back in March/April thought global inventories would hit tanktop because global supply and demand on an excel spreadsheet said so.
  • 08/13/2020

Weekly Energy Recap: U.S. Crude Glut Caps Prices

  • Brent crude nudged up to $43.40 per barrel after another steady week. The US WTI oil benchmark took a different direction to Brent, falling to $40.27 per barrel.
  • 08/02/2020

U.S. May Production Plunges 2Mb/d

  • May production drop is just short of 2 Mb/d by 11 kb/d in the US. World oil production in April increased by 168 kb/d to 82,484 kb/d.
  • 08/02/2020

Assessing The Threat Of The Energy Transition Part 2: Electric Vehicles

  • EVs are a small portion of the vehicle fleet today, and their impact on oil demand will likely be modest for the next few years.
  • 07/31/2020

Oil Update - July 2020

  • For August, I am extending my July forecast for West Texas Intermediate of $35 to $45 per barrel. The question is whether people will adopt measures to help reduce the spread of the virus - such as social distancing and wearing masks.
  • 07/31/2020

Can OPEC Producers Hedge The Remaining Oil In The Ground?

  • Mexico may be one of the few, if not the only, producer whose budget was not affected by the Black April price crash when crude tumbled to unprecedented lows.
  • 07/30/2020

Resources Rebound... But Can They Hold?

  • For copper, the way in which COVID-19 progressed, geographically, shifted demand and supply fundamentals.
  • 07/28/2020

The Macro Picture Might Overwhelm Oil-Specific Fundamentals

  • The breakdown in the dollar could offer the macro tailwind the oil market has sorely missed over the last 6 years.
  • 07/27/2020

Weekly Energy Recap: Oil Prices Feel The Pressure

  • Oil prices moved with considerable momentum at the start of the week, touching four-month highs. The US dollar slid to 22-month lows which would normally be accompanied by a rise in the inversely-priced crude oil.
  • 07/26/2020

Why The Death Of Oil Has Been Much Exaggerated

  • There was a certain inevitability that the coronavirus pandemic and its associated lockdowns would revive the claims that the oil era is all but over.
  • 07/23/2020

Crude Prices Come All The Way Back

  • Crude oil prices have come all the way back from before the OPEC/ Russia price war. The Energy Information Administration is warning that U.S.
  • 07/22/2020

Oil Prices Turned Higher Despite Bearish Oil Storage Report

  • Oil prices remain resilient despite bearish EIA oil storage report. Oil demand recovery is seen plateauing.
  • 07/22/2020

Weekly Energy Recap: Trading Range Squeezed

  • The consensus within OPEC+ capable of bringing the market into balance. Oil prices moved in the narrowest range ever this past week.
  • 07/19/2020

OPEC June 2020 Production Data

  • 07/15/2020

The Oil Market Is Looking Healthier

  • Global oil markets have been plagued with uncertainty in recent months, but the picture is getting clearer.
  • 07/14/2020

Crude Oil- Next Stop For OPEC And Russia Is A Taper

  • The production cut went a long way to balancing crude oil fundamentals. The end of July is a line in the sand.
  • 07/14/2020

Commodity Performance In 2020

  • Year-to-date performance through last Friday of several different commodities. Fitting for a year with a pandemic ravaging the globe, vitamin C is in demand as orange juice is actually the top performing commodity year to date with a gain of 33.6%.
  • 07/14/2020

To Deal Or Not To Deal, That Is The Question...

  • While Africa's geological appeal for frontier oil and gas exploration will remain strong relative to other regions, the early 2020 oil price crash will have significant and long-lasting impacts on upstream activity within the continent.
  • 07/12/2020

Weekly Energy Recap: Oil Price Trends Suggest OPEC+ Output Cuts Having Desired Effect

  • Oil prices have been moving in an extremely narrow band over the last two months. This past week that band was squeezed further from dollars to cents.
  • 07/12/2020

USA Exporting More Crude Oil To Asia, But Flows To Europe Could Strengthen In Q3

  • US expected to play a significant role in the recovery of oil prices over the coming months with their crude oil output falling while demand is rising. This cou
  • 07/05/2020

Weekly Energy Recap: Breaking Through $40 Oil

  • Oil prices have moved in a narrow band for most of the past two months. The OPEC+ output cuts helped balance the market. The second half of the year may witness
  • 07/05/2020

U.S. Oil Decline Accelerates In April

  • Continuous slow decline in oil output from US oil fields from November 2019 to March 2020 and then the sharp acceleration in April and May. Since the current EI
  • 07/04/2020

Can Price Reporting Agencies Aim At The Futures Market?

  • Ever since that day on April 20, when US crude futures collapsed and prices turned to a negative $40 per barrel, the US oil market has been looking for an alter
  • 07/02/2020

Examining Midstream Contracts Amid Slowing Volumes

  • In general, the companies that have reported average contract life provide some assurance that midstream companies can continue to benefit from the contracts in
  • 07/01/2020

Crude Oil Almost Fills The Gaps - Demand Needs To Keep Increasing

  • Progress in filling the gap in WTI- The weekly does the trick. The same move in Brent futures. OPEC, Russia, and other producers extend the cuts. US output is n
  • 06/30/2020

Oil Update - June 2020

  • Given the current environment, OPEC+ might continue their cuts into August. Investors with longer-term horizons should consider the stocks of well-managed and w
  • 06/29/2020

Weekly Energy Recap: Prices Remain In Narrow Band

  • Oil demand is improving, but the uneven pace of the rebound has created challenges. On a monthly basis, Brent has been moving in a narrow range between $38 and
  • 06/28/2020

Non-OPEC Without U.S. On Production Plateau

  • This post updates Non-OPEC production to February 2020. However, we are now in late June 2020 and the effects of the plunge in the price of WTI, which began on
  • 06/27/2020

Clouds Gather For Oil, Stocks, And Gold In The Short Term - David Brady (June 26, 2020)

  • Beginning with the fundamental backdrop, we're seeing an increasing number of headlines and states signaling a resurgence of COVID-19, or Wave 2, and talk of re
  • 06/27/2020

Focusing On Fundamentals: Oil Price Update And Outlook

  • The unprecedented demand impact from the global shutdown following COVID-19 required a similarly unprecedented supply response from OPEC and its counterparts. A
  • 06/26/2020

FERC 2020 Oil Pipeline Index Review: Nonevent Or Headache?

  • The impact of the March 2018 policy revision from the FERC has largely played out, except for the impact on oil pipelines. FERC indicated in 2018 that it would
  • 06/24/2020

Can Hard-Hit U.S. Oil Resume Exports To China?

  • Before the pandemic, China was the second-largest market for American oil exports, after Canada. However, as the Chinese market shrunk, US companies diverted oi
  • 06/24/2020

The Daily Dose: 'It Could Have Been Much Worse'

  • Crude oil prices were supported by a tailwind from Bank of America, which upgraded its forecast for Brent by more than $5 per barrel. The WTO said initial estim
  • 06/23/2020

OPEC: Putting The Data In Perspective

  • OPEC released fresh production numbers for the group for the month of May and new estimates on the global picture for crude. The cuts instituted by the group ar
  • 06/21/2020

Weekly Energy Recap: Fears Of Second Pandemic Wave Move Crude Market

  • Oil recovery came on the heels of the first weekly decline in six weeks. Monthly reports of IEA and OPEC show OECD commercial oil stocks at historical highs abo
  • 06/21/2020

Canadian Pipelines: Moving Ahead Or More Headwinds To Come

  • The initial excitement for the Keystone XL pipeline has worn off during the US election year. The imbalance between production and pipeline volumes is what's ca
  • 06/19/2020

OPEC May 2020 Oil Production

  • OPEC crude only production was down 6,300,000 barrels per day in May. Iraq finally cut by 330,000 barrels per day but this is still way below what they were exp
  • 06/19/2020

Large Increase In Crude Oil Flows From USA To China While Korean Imports Fell Sharply

  • China's imports of US crude oil are expected to hit record-high levels in July with cargoes shipped in May having surpassed 550,000 b/d. Flows from the USA to S
  • 06/18/2020

ERX And Others Trim Exposure- NRGU And NRGD Are Still Triple Leveraged Products

  • Leverage in a highly volatile environment presents lots of challenges. ERX, ERY, GUSH, and DRIP go from triple to double leveraged products. NRGU and NRGD conti
  • 05/01/2020

Outlook For Energy Unchanged

  • Oil producers likely underestimated the effects of the demand crunch happening at the same time as their supply bids. While agreements to cut oil production may
  • 04/30/2020

Crude up 16% as Norway adds to global supply cuts

  • Western Europe's biggest oil producer, Norway, is voluntarily joining international efforts to cut supply for the first time in almost two decades."We will cut production by 250K barrels per day i
  • 04/30/2020

Oil: Global Crude Storage Builds In April Are Nowhere Near Analyst Estimates

  • Global crude storage onshore and on water has only built 260 million bbls MTD. This is an implied surplus of ~10 to ~11 mb/d, or less than half of the estimated
  • 04/29/2020

Crude off another 20% in overnight action

  • Carl Icahn says we won't see crude prices in negative territory again, but it is sure looking more likely by the day.WTI plunged 25% on Monday, slumped another 20% overnight to $10/bbl, and there is s
  • 04/28/2020

Non-OPEC Oil Production Punches New High

  • The oil market environment for this post has been even more surrealistic than the previous one and the associated futures contract prices have been extremely vo
  • 04/26/2020

Weekly Energy Recap: Wake-Up Call For The Oil Industry

  • Although WTI plunged into negative history for the time, net long positions for US crude futures and options also rose by 51,991 contracts to 209,734 over the w
  • 04/26/2020

MacroView: The Oil Price Crash Was Inevitable

  • Nobody wanted to pay much attention to the fundamentals at a time when near-zero interest rates were pushing banks, hedge funds, and private equity firms to cha
  • 04/25/2020

WTI Weekly: Financialization Strikes Again As Historic Collapse Unfolds To 6.50s Where Major Support Formed

  • Price discovery lower through Monday’s trade before testing major support, 20s-19.50s, into early Tuesday. A sell-side breakdown in Tuesday’s auction in the Jun
  • 04/25/2020

U.S. Shale Oil: Avoid This Bear Trap

  • The crude oil market is in extreme oversupply due to price war dynamics. Motives of Russia, a key player in the price war, likely driven by miscalculation of th
  • 04/24/2020

This Time Is Different From The 1980s Oil Crash

  • There are eerie similarities between the oil price crash in the 1980s and the current turbulence in energy markets. Oil prices remained low for 17 years straigh
  • 04/24/2020

2 Warnings From Crude Oil - ETF/ETN Products And Options Take Note

  • Carnage with a capital C in crude oil. Onions went to zero; crude oil went lower- Brent holds up, for now. Leverage comes at a price, but zero is the bottom in
  • 04/23/2020

When Finance Breaks: Negative Oil Prices

  • Negative oil prices are just the latest instance of the financial markets being broken, and it’s not something that can be explained away by the coronavirus dis
  • 04/23/2020

Suspicious wagers involving oil futures?

  • An inquiry by the CFTC, helped by the FBI and State Department, is investigating whether Russia's stance with OPEC+ leaked before shots were fired in an oil price war that began on March 8.The illegal
  • 04/23/2020

Are The International Oil Benchmarks In Danger?

  • Why did the May WTI crude expire negative? The problem occurred only (and it will only happen) in Cushing, Oklahoma (pricing point for WTI), which is a landlock
  • 04/23/2020

Only A Matter Of Time Before Everyone Turns Into Bears On U.S. Oil Production

  • US shale oil production will cliff dive in the next few months. This will usher in the consensus view that US shale production growth is over. When this happens
  • 04/22/2020

Coronavirus Roundtable - Framing The Unknown (Video Transcript)

  • We continue our coronavirus roundtable series with Lawrence Fuller. He presents his downside target and makes the case for why, and talks about how the stimulus
  • 04/22/2020

Brent takes a beating, lowest since 1999

  • With all the news surrounding the WTI price crash over the last two days, it's finally Brent's turn to take a plunge.Prices on the sweet light crude tumbled as much as 17.3% overnight to $15.98/bbl, t
  • 04/22/2020

Crude Goes Negative

  • The price of crude oil fell way below zero on April 20. The spread between spot and future price rise to $58 a barrel. How to interpret this unprecedented event
  • 04/22/2020

OPEC + Reality

  • Oil production will fall because it has to fall. The oil market debacle Monday was a wakeup call for the buy the dip crowd, their fantasy of a V shaped recovery
  • 04/22/2020

Crouching Silver, Hidden Oil

  • Today, an ounce of silver can buy a barrel and a half of oil. And silver is dirt cheap! We have no opinion whether oil can drop more, or whether it has overshot
  • 04/22/2020

Oil Plunge Not A Death Sentence For Stocks

  • Investors fear another stock market crash after latest oil price plunge. Energy stock prices and junk bonds don't support this bearish outlook. New lows in the
  • 04/21/2020

This Is A Demand Destruction Story: Ash Bennington

  • Oil plummeted to -$37/barrel today in an unprecedented demand shock due to the coronavirus lockdown. The Fed backstop is unlikely to be all-encompassing when it
  • 04/21/2020

Toilet Paper And Crude Oil - Get Those Salt Caves Ready

  • Toilet paper is more valuable than crude oil these days. Memories of the 1980s and French salt domes. Inventories continue to grow. The rig count is dropping li
  • 04/21/2020

U.S. Oil Prices Go Negative, But It Sounds More Exciting Than It Really Is

  • The fact that the U.S. oil prices have gone negative is a very technical development that diversified financial investors don't have much exposure to. Looking o
  • 04/21/2020

Eurodollar University's Making Sense; Episode 4: Oil, Oil, Oil

  • Deprive any animal of oxygen and watch how it doesn't move very fast. If all goes right, worldwide policy response perfect, global trade ends up just slightly b
  • 04/21/2020

U.S. Production Outlook And MLP/Midstream Implications

  • The current price environment provides little incentive to bring new wells to production. With fewer new wells being drilled and completed, shale production wil
  • 04/21/2020

After Price Wars And A Pandemic, What's Next For U.S. Shale?

  • Starting October 2018, well before the spread of the novel coronavirus, the price of oil began slipping. Following the 9.7 million bpd production cut announced
  • 04/21/2020

Oil Drilled Below Zero, Equity Rally Stalls, Greenback Advances

  • The dollar is trading at three-day lows against the Japanese yen near JPY107.25. The claimant count in the U.K. in March edged up to 3.5% from a revised 3.4% in
  • 04/21/2020

Gas Prices Vs. Crude Oil

  • With oil in the midst of what could be its sharpest downturn in history, it’s not a surprise to see that gas prices at the pump have also been declining. The na
  • 04/21/2020

Oil Prices Actually Have Not Collapsed

  • If you've been alarmed by the headline Oil plunges below $10/bbl, don't be. It's only a temporary phenomenon, brought on by the sudden collapse of oil demand. I
  • 04/21/2020

June WTI crude oil plunges 40%

  • May WTI crude contracts (that expire today) crashed into negative territory for the first time ever on Monday, with markets awash in so much crude that storage space is becoming harder to find.Demand
  • 04/21/2020

A Deep Dive Into Crude Oil's New Black Monday

  • Crude oil's decline into deeply negative territory was triggered by the expiration of May WTI contracts. Going into Monday, there was an immense buildup of spec
  • 04/21/2020

Coronavirus Roundtable - Framing The Unknown (Video)

  • We continue our coronavirus roundtable series with Lawrence Fuller. He presents his downside target and makes the case for why, and talks about how the stimulus
  • 04/20/2020

Weekly Energy Recap: OPEC+ Picks Jaw Jaw Not War War

  • Global storage capacity will start to ebb after governments sought to fill their strategic reserves. US crude oil stocks recorded their largest weekly increase
  • 04/19/2020

WTI Weekly: Key Support Failed Early Week As A Pullback Tested Major Support

  • Buyers trapped in Sunday’s auction before a sell-side breakdown through key support developed to 22.51s. Selling interest emerged, 22s, in Tuesday’s auction as
  • 04/19/2020

Crude Oil Held In Sea Storage Hits New Record At 160 Million Bbls

  • Shipping sources said oil held in floating storage on tankers had reached at least 160 million barrels including 60 supertankers. Smaller tankers were also bein
  • 04/19/2020

Crude at lowest level in two decades

  • WTI crude oil contracts for May delivery slumped 9% overnight to $18.03/bbl after OPEC economists slashed their global demand forecasts and the Energy Department said domestic producers had boosted U.
  • 04/17/2020

What Oil Catastrophe?

  • Right now, oil investors are scared of the massive decrease in global demand. This view appears to be too shortsighted if the EIA's estimates are anywhere near
  • 04/17/2020

Crude Oil Is All About Demand

  • OPEC's recent agreement has amounted to an almost ten million barrel per day output cut. We're seeing unprecedented declines in demand. Inventories are rising.
  • 04/16/2020

Smarter Investing In Better Crude

  • Equity investors can limit stranded asset risk and improve expected return potential from O&G investments by allocating capital to inherently low carbon footpri
  • 04/15/2020

Crude Oil Options Are Predicting Lasting Volatility

  • The oil options markets are sending plenty of signals about market expectations for the longer-term impact of COVID-19. Global demand for many of the refined pr
  • 04/15/2020

A Crude Future View From The Crude Curve

  • Near nine in ten Americans are now concerned about the economy. It isn't just the nature of the economic shutdown, it's what might come afterward. While stocks
  • 04/15/2020

International Economic Week In Review For 4/6-4/10

  • There might be a deal in the oil market to cut production. Several global organizations are upping their assistance programs. The global equity markets has a go
  • 04/12/2020

Weekly Energy Recap: It Is Too Early To Prejudge The Largest Oil Output Cut In History

  • OPEC+ has made the largest oil output cut in history. It is still too early to know if the agreed 10 million barrel per day (bpd) output cut from OPEC+ producer
  • 04/12/2020

WTI Weekly: Key Resistance Holds Early Week Before Pullback Toward Key Support

  • A meaningfully lower open in Sunday’s auction resulted in balance trade Monday below last week’s key resistance, 29.13s. A pullback developed to 23.54s into Wed
  • 04/11/2020

Mexico makes production deal with Trump, part of OPEC+ agreement

  • Mexico has reached an agreement on oil production cuts (CL1:COM) with OPEC+ after Pres. Trump intervened to resolve the impasse.Mexican Pres. Lopez Obrador says Trump "generously" committed to
  • 04/10/2020

EIA Petroleum Update Takeaways: Demand Dropping, Inventories Rising, Diesel Resilient

  • With many Americans working from home, demand for gasoline and jet fuel is falling significantly, while diesel demand remains more resilient. With reduced deman
  • 04/10/2020

A New Day Or Era? OPEC+ Agree To Cut 10 Million In Next Months

  • I noted in an earlier article that Saudi Arabia and Russia would come to an agreement to curb oil production. The market wasn't that impressed with the agreemen
  • 04/09/2020

The Oil Price War: A 3-Ring Circus

  • U.S., Russia, Saudi Arabia not on the same page. Virtual meeting on April 9th does not include the U.S. or Canada. Russia refused to cut production March 6th bu
  • 04/07/2020

Upstream Service Sector In The New Sub-$40/bbl Brent Environment

  • This crash could add the finishing touches to the grand reshuffling of the upstream service sector that started in 2014. Out of fear, buyers have deferred a sig
  • 04/07/2020

Crude Reality Shadows Soaring Job Losses

  • US nonfarm payrolls collapsed by 701K, the biggest one-month drop since the financial crisis, while unemployment jumped to 4.4% from 3.8%, posting the biggest m
  • 04/07/2020

OIL: Wait For OPEC+ Before Buying Crude

  • OIL has taken a strong hit this year as demand destruction has been met with a price war between Saudi Arabia and Russia. OPEC+ meets later this week to determi
  • 04/07/2020

Oil pares big losses as Saudis, Russia near deal

  • Down by nearly 11% at one point during the night, oil has now pared most of its losses.Russia and Saudi Arabia are "very, very close" to a deal on production cuts, said Kirill Dmitriev, CEO of
  • 04/06/2020

Energy First Quarter Review 2020

  • Carnage in energy commodities in Q1. Massive declines in WTI and Brent crude oil futures. Product prices tank. Natural gas falls to the lowest level of the cent
  • 04/05/2020

Weekly Energy Recap: All Eyes On OPEC+ Virtual Talks

  • With the coronavirus pandemic cutting oil consumption across the world, the boom in demand for storing oil has been key in absorbing excess barrels from the mar
  • 04/05/2020

Week Ahead - World Battles Spread Of Covid-19 And Its Economic Destruction, A Bigger OPEC+ Cut Deal, And Big Bank Stress Tests

  • The annual stress tests begin by the banks submitting their data and capital plans on Monday. President Trump will continue to push forward in delivering an inf
  • 04/05/2020

Crude import tariffs and other oil news

  • "If I have to do tariffs on oil coming from outside or if I have to do something to protect our. tens of thousands of energy workers and our great companies that produce all these jobs, I'll do wh
  • 04/05/2020

WTI Weekly: Failed Breakdown Early Week Before An Aggressive Rally Ensued To 28.56s

  • A sell-side breakdown developed to 19.28s in Monday’s auction where sellers trapped amidst buying interest, halting the sell-side sequence. Balance developed, 1
  • 04/04/2020

U.S. January Production Drops Again

  • The March EIA report shows US production dropped from November to January by 119 kb/d to 12,744 kb/d. Note it dropped for two successive months. Are these two s
  • 04/04/2020

Oil Is Still The Stock Market's Biggest Obstacle

  • WTI crude oil just had its worst quarterly performance ever. Financial sector has also joined energy on the list of 52-week new lows. Until oil prices bottom ou
  • 04/03/2020

Oil deal leaves questions unanswered

  • If it wasn't for the coronavirus, the news cycle would most likely be exclusively focused on oil market, where demand has dropped by as much as 30M barrels per day (roughly equivalent to the combined
  • 04/03/2020

It Takes Two To Contango

  • As Russia and Saudi Arabia pump and dump oil, crude's contango has widened while per-barrel receipts have shrunk. Over 12 months, the United States Oil Fund (US
  • 04/01/2020

U.S. Oil Production In Process Of... Peaking

  • The crude oil market is glutted and demand is falling off a cliff. Storage constraints are in sight, and I am not seeing an immediate catalyst for a demand rebo
  • 03/31/2020

Saudi's Full-On Assault On Russia In April Will Force Russian Oil Production Shut-In

  • Saudis are going to go all-out against Russia in April. The primary battlefield will be in Europe where Saudi has sent a record number of tankers to Egypt. Euro
  • 03/30/2020

Oil below $20 as market drowns in crude

  • Traders are now betting on production shutdowns to cope with the collapse in demand, triggering WTI crude prices to drop 6% to under $20/bbl overnight to levels not seen since 2002.A price war between
  • 03/30/2020

WTI Weekly: Balance Development Near Key Support

  • Buy excess developed in Sunday’s auction near key support, 20.52s, driving price higher to 25.24s into early Wednesday’s auction. Selling interest emerged there
  • 03/28/2020

OPEC February Production Data

  • The OPEC data no longer includes Ecuador. OPEC 13 was down 546,000 barrels per day in February. The only major decliners were Libya and Saudi Arabia. Saudi prod
  • 03/28/2020

Russia looks to widen OPEC+ membership

  • A new OPEC+ deal to balance oil markets might be possible if other countries join in, according to Kirill Dmitriev, head of Russia’s sovereign wealth fund.Dmitriev and Energy Minister Alexander Novak
  • 03/27/2020

Oil: The Reality Of This OPEC+ Price War Starting To Sink In

  • The reality will start to set in for everyone in OPEC+. Russian oil producers will be the first to refuse to increase oil production into a lower oil price envi
  • 03/24/2020

Crude Oil Tsunami Headed This Way: Oil May Have Farther To Fall

  • Massive amounts of crude oil are headed our shores. Enough that our ability to store it all is questionable. The Law of Diminishing Marginal Utility could take
  • 03/24/2020

Oil - If Demand Drops, Exports Drop

  • Export is a function of implied demand. OPEC+ is heading into a price war in a shrinking demand pie. Only the fittest will be able to sell their barrels, and th
  • 03/23/2020

Oil And The Global Game Of Chicken

  • We extend our coronavirus focused roundtables to look at specific sectors. We start with the energy sector, which has been hit by the one-two punch of coronavir
  • 03/23/2020

The Oil War Where There Are No Winners

  • The virus came first. OPEC made a selfish and tragic decision. Shooting themselves in the foot to remove the marginal producer. The Russian and Saudis in a glob
  • 03/23/2020

WTI Weekly: Major Key Supports Fail Early Week As Selloff Continued To 20.53s

  • Sell-side breakdown developed in Monday’s auction through early March’s key support, 27.35s, as price discovery lower developed toward 2016’s major support, 26s
  • 03/22/2020

Weekly Energy Recap: U.S., China, Investors All Seek To Store Oil

  • The cost of transporting oil on supertankers has soared as refiners and traders scramble to secure vessels to ship more crude. That has increased the cost of lo
  • 03/22/2020

Crack Spreads Crack - Demand Destruction Weighs On Refiners

  • Crude oil tanked on the back of Coronavirus, and a flood of supplies from OPEC Plus. The gasoline plunge takes the crack spread to flat. Heating oil cracks are
  • 03/22/2020

OpenMarkets Weekly: The Oil Market's Ripple Effects

  • Many large sovereign wealth funds must find ways to repatriate money as oil prices sink. The recent oil price war between Saudi Arabia and Russia has had ancill
  • 03/21/2020

Brent-WTI Falls With The Price Of Crude Oil

  • Coronavirus destroys demand. OPEC creates a glut. Brent is the pricing mechanism for two-thirds of the world’s production. WTI output will fall. USO and BNO are
  • 03/21/2020

The U.S. Will Respond To The Oil Price War

  • Saudi Arabia and Russia have targeted U.S. shale producers. President Trump has twin goals of preserving U.S. net oil independence and low gasoline prices. His
  • 03/20/2020

The Widespread Oil Storage Glut Everyone Is Talking About Won't Happen And Here's Why

  • Analysis on how crude could fall to as low as $5/bbl is extremely simple-minded. Demand-driven reduction leads to lower refinery throughput and lower crude buyi
  • 03/20/2020

Worst Not Over for Oil: Short Energy Stocks With These ETFs

  • The oil market could face one of the largest supply overhangs in modern oil market history in April. This indicates that the worst might not be over yet.
  • 03/20/2020

Worst Not Over for Oil: Short Energy Stocks With These ETFs

  • The oil market could face one of the largest supply overhangs in modern oil market history in April. This indicates that the worst might not be over yet.
  • 03/20/2020

The Possible Demise Of OPEC

  • Russia became a powerful non-member. A face-off between MbS and Putin? Differences on many levels. The devious reasons for the flood - a U.S. response. How long
  • 03/20/2020

Oil has best day ever, but could prices go negative?

  • Despite the best day ever for crude on Thursday, which saw WTI futures soar 24%, oil traders are struggling to navigate one of the biggest oil crashes in history, writes Bloomberg's Catherine Ngai.Neg
  • 03/20/2020

Oil: Everything That Has Happened So Far Indicates The Price War Won't Last

  • We do not believe the price war will last past June. Rosneft's oil sales in April could be displaced due to OSP discount from the Saudis and lower oil demand gl
  • 03/19/2020

OIL: It's Not Quite The Time To Buy Crude

  • The crude markets have collapsed as unprecedented demand destruction has been met by Saudi Arabia intentionally flooding the market with crude. The fundamentals
  • 03/19/2020

U.S. Shale Activity: A Report From The Dallas Fed

  • A one-two punch: failure of OPEC+ to expand production cuts, demand craters from reduced global activity. Oil seeks a floor price, dropping daily. The Saudis ho
  • 03/18/2020

The Cash And Carry Trade In Crude Oil Makes A Return

  • Backwardation flips to contango in WTI. The Brent forward curve shifts. Low interest rates fuel the trade. The impact on shipping and storage. BNO is the Brent
  • 03/18/2020

Coronavirus And Russia Will Test Saudi Game Plan

  • The kingdom has triggered a price war in oil markets. The tactic has worked before, but there are multiple challenges. The Saudis also wanted to curtail what ha
  • 03/18/2020

Cheap Oil Now For Long

  • The OPEC+ deal is dead. At least for now. The expected surplus in the oil market can increase oil stocks in the OECD countries to ~3,200 mb by the end of the ye
  • 03/17/2020

Russia And Saudi Play A Dangerous Game Of Chicken

  • Saudi Arabia announced that it will increase oil production from 9.7 million barrels a day to 10 million and then to 12 million if needed. However, over the las
  • 03/16/2020

Capital Markets Weekly: COVID-19 And Energy Market Stand-Off Generating Acute Uncertainty

  • As forecast last week, the spread of COVID-19 has generated severe financial market volatility, which was substantially worsened by the breakdown in production
  • 03/15/2020

The Oil Price Plunge And Emerging Markets Impact

  • Falling oil prices can be a double-edged sword in terms of economic impact: welcomed by consumers, but not by producers. Saudi Arabia and Russia compete at the
  • 03/14/2020

Price War: OPEC+

  • After OPEC ally Russia refused to cut production, Saudi Arabia launched a price war, sending global oil prices to as low as $32 a barrel on March 9th. However,
  • 03/13/2020

OPEC Creates Carnage - The Sunday Night Massacre In Crude Oil

  • OPEC did not address the risk - was it purposeful? Oil falls to the lowest level since February 2016. A bearish reversal on the monthly chart in January. A bear
  • 03/13/2020

Russia Explains Why It Killed The OPEC Deal

  • I follow up on my previous article regarding the collapse of the OPEC deal. Russia's deputy energy minister provides his rational for Russia's decision and send
  • 03/12/2020

Why Russia Killed The OPEC Deal

  • Russia declines to cut production, and the OPEC/non-OPEC deal collapses. Growing U.S. oil production and continued U.S. pressure on the Russian energy sector vi
  • 03/09/2020

Retirement Strategy: Just Calm Down And Try Not To Panic

  • It's OK to be nervous these days, but it's not OK to panic. Serious dividend growth investors rarely sell a dividend aristocrat stock - unless. This too shall p
  • 03/09/2020

A Disaster For Oil As OPEC Fails To Address Falling Prices

  • The Fed emergency rate cut was not bearish. OPEC runs into a brick wall. U.S. politics and crude oil. Equities continue to look awful. It is always darkest befo
  • 03/09/2020

Crude Oil - Some Positive Signs For The Energy Commodity

  • Oil survives a test of the $50 level. Processing spreads rise. Brent-WTI rebounds. OPEC may increase output cuts. Oil stocks are cheap - VDE has limited downsid
  • 02/23/2020

State Of Midstream: Where Are MLPs/Midstream Today, And What Could Lie Ahead?

  • The macro landscape for midstream remains constructive, with US energy production and exports expected to continue growing over the long term. Many midstream co
  • 02/05/2020

A Rough Ride For Chinese Petrochemicals - Sinopec Shanghai Petrochemical Company Shares Make New Lows

  • Oil weighs on petrochemical prices. Coronavirus weighs on China’s economy. SHI shares have tanked. An attractive dividend and valuation. Buying the dip with SHI
  • 02/05/2020

OIH Continues To Suffer - Oil Services Companies Are Too Cheap

  • An ugly time in the oil patch. The commodity falls toward the bottom end of its trading range. Energy-related stocks continue to languish. Oil services companie
  • 01/30/2020

Oil Services Continue To Offer Value - Risk/Reward Favors The OIH ETF

  • Volatility in the crude oil market. Oil-related shares have lagged. Oil services have done even worse. Mean reversion and value-seeking should lift OIH. OIH hol
  • 01/11/2020

Falling Supplies Support Crude Oil Rally

  • A reduction in U.S. stockpiles and a rig count decline are bullish for oil. OPEC production cuts will further boost oil prices in the coming months. A weak doll
  • 01/09/2020

6 Inverse ETFs That are Up More Than 30% in August So Far

  • Wall Street has been witnessing a tough ride this month due to U.S.-China trade conflicts, weak global economic data, low inflation and political unrest in Hong Kong.
  • 08/16/2019

Oil Collapses to Bear Market: Bet on Inverse Energy ETFs

  • Amid bearish fundamentals, many investors have turned bearish on the energy sector and are seeking to tap this opportunity. For them, an inverse or leveraged inverse play on energy or oil could be an excellent idea.
  • 08/08/2019
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