News
SCO
15.96
-2.00%
-0.33
Crude inventory increased by 3.2M barrels for week ended March 22 - EIA
Crude inventory increased by 3.2M barrels for week ended March 22 - EIA. Commercial crude stocks for the week ended Mar 22: 448.2m barrels. Crude inventory change: +3.2 million barrels. Gasoline and distillates inventories increased by 1.3 million barrels for the same week.
Seeking Alpha · 1d ago
U.S. pump prices poised to hit $4 a gallon this summer, AAA says
U.S. Pump prices are expected to rise to the highest since the summer of 2022, AAA says. Pump prices have been climbing along with crude oil futures in recent weeks. The current national average price at the pump is $3.53/gal. Inventories have shrunk to the lowest since December.
Seeking Alpha · 2d ago
Weekly Report: what happened at SCO last week (0318-0322)?
Weekly Report · 3d ago
U.S. has asked Ukraine to stop drone strikes on Russian oil refineries - FT
U.S. Has asked Ukraine to stop drone strikes on Russian oil refineries. The attacks have helped lift crude oil prices nearly 4% since March 12. Russia's average daily oil refining rate fell to the lowest weekly level in 10 months. The Biden administration has urged Ukraine to halt the attacks on Russia's energy infrastructure.
Seeking Alpha · 6d ago
Total U.S. drilling rig count slips; gas rigs lowest since January 2022
Total active drilling rigs in the U.S. Fell by 5 to 624, reversing last week's increase. Drilling rigs targeting crude oil dropped by 1 to 509; gas rigs lowest since January 2022. Baker Hughes says total count is still 18% below this time last year.
Seeking Alpha · 6d ago
Crude oil ticks lower as U.S. gasoline demand indicator drops
U.S. Gasoline inventories fell for a seventh week. Crude oil prices finished with back-to-back losses after settling at highest level since late October. Swiss National Bank surprise rate cut also weighed on markets. Oil may have been pressured by a U.S.- drafted UN resolution calling for a ceasefire in Gaza.
Seeking Alpha · 03/21 22:30
Crude prices to push well past $70-$90 when Fed cuts rates, Carlyle's Currie says
U.S. Crude oil futures finish lower after back-to-back sessions of gains. The Federal Reserve's decision to keep interest rates unchanged weighed on the market. Crude oil futures finished off five-month highs. Carlyle Group's Jeff Currie says he sees crude oil prices rising well past $70/bbl.
Seeking Alpha · 03/20 23:05
Crude inventory decreased by 2M barrels for week ended March 15 - EIA
Crude inventory decreased by 2M barrels for week ended March 15 - EIA. Commercial crude stocks for the week ending March 15: 445M barrels. Crude inventory change: -2.0m barrels. Gasoline inventory change decreased by 3.3m barrels for the same week.
Seeking Alpha · 03/20 14:32
Crude oil hits new five-month highs but Citi sees possible drop to $55 by late 2025
Crude oil futures climb to multi-month highs for the second straight day. Ukraine's attacks on Russian refineries could impact global supplies. OPEC's supply curbs have helped bolster prices. Citi sees possible drop to $55 by late 2025. The energy sector was the best performing S&P sector on Tuesday.
Seeking Alpha · 03/19 22:50
Crude oil climbs near five-month high; top oil execs rip calls for fast energy transition
U.S. Crude oil futures settle at their highest since late October. Ukrainian drone attacks on Russian refineries are believed to have idled a significant chunk of Russia's refining capacity. Chinese industrial production for January-February exceeded expectations. Oil industry execs oppose calls for a fast transition to fossil fuels.
Seeking Alpha · 03/18 23:25
Weekly Report: what happened at SCO last week (0311-0315)?
Weekly Report · 03/18 11:44
U.S. pump prices seen surging as refinery outages cut supply ahead of summer
U.S. Crude oil closed with slight losses Friday, but posted a 4% gain for the week. Crude prices rose to four-month highs as inventories for crude and gasoline fell by more than expected. Rising demand from U.S.-based refiners boosted gasoline prices this week.
Seeking Alpha · 03/15 22:50
Total U.S. drilling rig count jumps, recouping last week's drop
Total active drilling rigs in the U.S. Rose by 7 to 629, recouping last week's drop. Drilling rigs targeting crude oil in the Permian Basin rose by 6 to 510. Rigs in the Eagle Ford added 2 to 52.
Seeking Alpha · 03/15 18:00
Crude oil hits more than four-month high as IEA forecasts market deficit
Crude oil futures settle at four-month highs as IEA raises its forecast for oil demand growth this year. The International Energy Agency also forecasts a slight supply deficit through 2024. The IEA raised its 2024 demand growth estimate for crude oil by 110K bbl/day to 1.3M bbl.
Seeking Alpha · 03/14 22:50
Oil prices jump as U.S. crude and gasoline stockpiles drop more than forecast
Oil prices jump as U.S. Crude and gasoline stockpiles drop more than forecast. Brent crude oil climbs to four-month highs after surprise draw in domestic crude stockpiles and larger than expected drop in gasoline inventories. Oil prices also supported after Ukraine drone attacks on multiple regions in Russia.
Seeking Alpha · 03/13 22:50
Understanding Bull And Bear Market Cycles With Jon Wolfenbarger
Jon Wolfenbarger warns that the stock market is likely to experience a major bear market in the next 6 months. He says the easiest way to profit in bull and bear markets is to buy inverse ETFs to profit from the downturn. Jon talks to investors about looking at the bigger picture and 4 steps to making profits in the markets.
Seeking Alpha · 03/13 16:30
Crude inventory decreased by 1.5M barrels for week ended March 8 - EIA
Crude inventory decreased by 1.5M barrels for week ended March 8 - EIA. Commercial crude stocks for the week ending March 8: 447M barrels. Gasoline inventory change: -5.7m barrels. EIA Weekly Petroleum Status Report released on March 8.
Seeking Alpha · 03/13 14:34
2024 Outlook: A New 'Super Boom'? Or Chop And Churn?
Seeking Alpha · 03/13 14:10
U.S. EIA boosts 2024 domestic crude production growth forecast
U.S. EIA boosts 2024 domestic crude production growth forecast for 2024. The EIA also reports a greater than expected increase in U.s. Consumer prices in February. Crude oil prices close lower for the fourth straight day. The U.S.'s government reported a 0.4% increase in consumer price index for February, the largest since September.
Seeking Alpha · 03/12 23:15
SCO: The 'Short Crude' Play Could Continue To Be Painful
ProShares UltraShort Bloomberg Crude Oil ETF (SCO) is a double short instrument designed to return double the inverse of crude oil futures contracts. I advise against investing in SCO due to my belief that WTI crude is set to rise in the months ahead. My favorable outlook on crude oil means avoiding SCO is likely the right play. I continue to believe in the thesis of higher oil prices in 2024.
Seeking Alpha · 03/12 20:46
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