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United States 12 Month Oil Fund (NY: USL )

40.17 -0.17 (-0.42%)
Official Closing Price Updated: 6:30 PM EDT, Apr 18, 2024 Add to My Watchlist
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Headline News about United States 12 Month Oil Fund

Iraq To Resume Oil Exports To Turkey Via Pipeline Shuttered A Decade Ago Amid Kurdish Negotiation Deadlock
Islamic State attacks halted the pipeline's operations in 2014 which was responsible for about 0.5% of the world's oil supply. 
Via Benzinga
Analyst Warns Of 'Serious Escalatory Tit-For-Tat Cycle' If Iran Strikes Back, Raising Fears Of 'Wider War' In Middle East
Croft added that Iran has the potential to repeat its playbook from 2019 when it allegedly attacked oil tankers in the Strait of Hormuz, a critical waterway for oil import and export. 
Via Benzinga
Nord Stream Sabotage Investigation: Polish Authorities' Accused Of Lack of Transparency
European investigators probing the Nord Stream natural gas pipeline sabotage say that the Polish officials have been slow to share information and have withheld key evidence related to the movements of... 
Via Benzinga
Topics Energy
Exposures Fossil Fuels
About Predictions ...
The wild fluctuations in WTI have had more to do with the belief that prices reflect supply/demand daily than the actual supply/demand. 
Via Talk Markets
IEA Forecasts Slowdown In Oil Demand, Contrasts Positive Outlook By OPEC+
The IEA cautions that this forecast "masks the impact of a further weakening of the macroeconomic climate." 
Via Benzinga
OPEC+ Approaches Preliminary Agreement For Deeper Oil Production Cuts In 2024
The Organization of the Petroleum Exporting Countries and its allies (OPEC+) have collectively decided to implement an additional 1 million barrels a day of oil supply cuts, reinforcing Saudi Arabia's... 
Via Benzinga
Exposures Fossil Fuels
Suspected Deliberate Act Damages Subsea Gas Pipeline and Telecom Cable Linking Finland And Estonia
A subsea gas pipeline and a telecommunications cable connecting Finland and Estonia under the Baltic Sea have suffered damage in what appears to be a deliberate act, according to the Finnish... 
Via Benzinga
US Authorities Probe Sanctions Enforcement in Russian Oil Trade
The U.S. Justice Department is intensifying its efforts to clamp down on violations of sanctions imposed on Russia's energy exports, with a particular focus on Murtaza Lakhani, the founder and CEO... 
Via Benzinga
California Faces Rising Gasoline Prices, Division of Petroleum Market Oversight Raises Concerns
In response to rising gasoline price concerns, Tai Milder, the director of California's Division of Petroleum Market Oversight (DPMO), has  
Via Benzinga
Topics Energy
Exposures Fossil Fuels
ETFs To Tap Oil Price Strength
Oil has been surging in recent months on tightening supply conditions and the prospect of higher demand. Both benchmarks reached a 10-month high with more upside potential left. 
Via Talk Markets
Topics ETFs
Most Valuable Oil Company Aramco Considers Raising $50B Via Stock Sale
Saudi Arabia's plans to list more shares of Aramco, the world's most valuable oil company, have resurfaced.  The kingdom is reportedly considering selling up to $50 billion worth of shares, which could... 
Via Benzinga
It's Starting ... Rally Running Out Of Steam
Financials and consumer discretionaries are signalling a pause in the rally ahead – a pause as a minimum, gradual rollover to the downside is more likely. Bonds made a serious risk-off turn but the... 
Via Talk Markets
5 ETFs to Tap Oil Price Strength
Investors seeking to tap the oil rally could bet on the ETFs that are directly linked to the futures contracts. 
Via Talk Markets
Biden Administration Reverses Trump's Effort To Open More Land For Oil Drilling In Arctic: CNBC
Via Benzinga
Oil ETFs to Ride the Crude Rally
Many analysts expect oil demand to return to pre-pandemic levels, but inventories and spare capacity remain low. Some traders are again betting that crude would top $100 a barrel by summer. 
Via Talk Markets
Terms Overbought And Oversold Are Often "Overused"
While many systems have been designed to track demand, much of what is considered demand can often surface or vanish in the blink of an eye. 
Via Talk Markets
Grab These ETFs To Ride The Latest Rally In Oil Prices
Oil prices have been rising since the beginning of 2022. Brent crude and U.S. West Texas Intermediate have touched their highest prices since late November. To come to a decision about parking money in... 
Via Talk Markets
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