Reddit Posts
I options on OIL. Now it has moved from arca to value and my contracts are sell only.
Does anyone know why OIL stock has been halted all day?
ReconAfrica- Is Namibia the World's Next Oil & Gas Exploration Hot Spot?
How and why OIL is being used to slap the VIX
VIX PART III - what to watch to know when the VIX is trading freely again - OIL
$FOLGF Huge audited financial report is getting attention..
I have a theory that this was a run for the exit… 4-27-23 SPY/ ES Futures, VIX1D and VIX Daily Market Analysis
OPEC WILL SEVER LINK WITH DOLLAR FOR PRICING OF OIL (Published 1975)
How to get 60:1 or up to 200:1 on a trade: Plus - Trade Ideas and DD; the next six months
Let the brain drain begin. Puts on Tesla just cuz
A short opportunity in CRUDE OIL. *2ND IMAGE IMPORANT*
What stocks are exposed to crude OIL ONLY without being exposed to natural gas?
WTI Crude oil : Escalating Eurozone Conflict Could Push Oil Higher Again
ETF and Market Evaluation for week of 09/05/2022
United Announces $3 million Share Buyback Plan!!! COST TO BORROW FEE 90% OIL TANKER PLAY $USEA
$OILCF NEW ARTICLE : Permex Petroleum Reports Successful Recompletion of wells on its New Mexico and Texas Properties INCREASES TOTAL PRODUCTION by 48%
OPEN DISCUSSION ON OTHER STOCKS
Uranium Stock Thesis - Why they are up Double digits today- Big Oil Coming back to Uranium
CRUDE OIL RESERVE FALLS TO LOWEST SINCE DEC. 1984 watch oil stocks 👀
$VET Strongest OIL & Gas Name Today, Breaking Weekly & Daily Flag.
OIL STOCKS $HUSA & $INDO squeezing hard, shorts are fucked here. $HUSA previous run high = $16 and $INDO previous run high = $60. CTB 150%+!!! These are about to explode.
OIL STOCKS $HUSA & $INDO squeezing hard, shorts are fucked here. INDO previous run high = $60 and $HUSA = $16
If you're into OIL Future, this article helps with US consumption perspective | The US is the world’s biggest oil producer — so why do we still need to import crude and ask countries like Saudi Arabia for help?
Zimbabwe better get ready for some American democracy, because OIL!!!
I warned you about OIL. It is only the beginning.
Electric Cars and Worthless Commutes
I notice again some things about OIL maybe something that others can take advantage of
$HUSA is MOONING as CRUDE OIL just broke 3 month high at 122! This is going to $10 EOD, unbelievable momentum
Jim Cramer Says Buy Any Dip in Oil Stocks - RIP OIL
Vital Energy (VUX.V) going to explode by end of month. Epic DD post. Debt free trading at 1x cash flow. Huge Q1 financials coming end of month 🚀
Vital Energy (VUX.V) going to explode by end of month. Debt free trading at 1x cash flow. Huge Q1 financials coming end of month. Epic DD post
Vital Energy (VUX.V) going to explode by end of month. Debt free trading at 1x cash flow. Huge Q1 financials coming end of month
My buddy just couldn’t get rid of the .40 cents, the loser. Blew up his account on OIL.
I assuming OIL is about to rocket up for at least a month from now. Judging by the triangle formation and the recent political shit going on.
Technical Analysis for the week 4/18/22
Oil and gas relations? Do gas companies follow oil prices, lag behind them, or are they completely independent?
Most mentioned tickers in #WSB in last 1H.💎💎🚀🚀🚀....$SST by far the best play.💎💎🚀🚀🚀.... 1 $SST (12) 2. $TSLA (11) 3. $OIL (5) 4. $SPY (5) 5. $WEN (2) 6. $GME (2) 7. $HMHC (2) 8. $WISH (2) 9. $ET (1) 10. $RING (1)
Press Release: Barclay's clarifies halt of share issuances for ETNs (VXX, OIL)
OIL telegraphing swings like Will Smith
JUL20 to 18 MAR22: 535k to 3207k. Some retarded bets here and there, but overall pretty sane
How to Invest in EU Oil Prices?
📣Top Tickers Trending on WSB Noticeable top 10: $BABA $GME $TSLA $OIL $QQQ
Anyone else selling growth tech and scrambling into war/oil stocks?
3/15/22 SPY Pre-Market Analysis
Barclays Suspends Until Further Notice Further Sales and Issuances of [VXX and OIL]
Anyone have thoughts about volatility in commodities heading into March's Op Ex week?
Biden announces ban on US imports of Russian oil
I’ll just leave this right here for ya…😎 IMPP, ENSV, RCON, INDO, HUSA, ALL OIL PLAYS LFG 💯🚀🤑
Where my OIL and ENERGY holders at!?!?!?! If you know, you know…
Which one you guys going for?!👀🚀OIL Companies
$SST System1 -The millionaire maker makes massive acquisition
OIL is about to sky rocket. *Feedback would be much appreciated*
OIL is about to sky rocket. *Feedback would be much appreciated*
$SST System1 -The millionaire maker makes massive acquisition
Send. Manchin says " bill in works to ban Russian oil in the US"... Hello $200 barrel
Putin’s War costing $20billion/day, they only have enough rockets for 4 more days, have no supplies to make more munitions, the soldiers are using crappy 30 year old equipment and haven’t even been supplied with food, the Bosporus is shut off to Russians, GOLD/OIL are tanking, SWIFT shut down likely
The Complete List of Russian Companies Listed on London Stock Exchange
The Complete List of Russian Companies Listed on London Stock Exchange
WHY the world needs Electric Vehicles BADLY in light of the Ukraine-Russia Crisis and super high inflation!
Ukraine Russia potential plays based on DD and research (OIL,GAS,MINERALS,METALS,FERTILIZERS).
Mentions
I live in ON with oil buddies in berta who make $200,000 a year AB is literally and I dont care bur anyone says OIL TOWN When its booming, its BOOMING. But when oil is down, the whole province is in shambles
Literally every single piece of electronics has or will have chips. All the jobs that will be lost to AI will be lost to chips. NVIDIA and Taiwan Semiconductors and AMD makes those chips. Just think of it this way...for a long time, all cars and ships and trains and planes run off some form of oil. CHIPS are OIL.
What do you think about WFRD? It is in the OIL and GAS EQUIPMENT sector that you were talking about. I am debating on wether to add it to my growth portfolio or not, would appreciate any criticism or feedback.
" ***what do you propose is a solution to drilling for minerals*** " You DRILL for OIL. You MINE for MINERALS. If you dont understand the basics I doubt I can teach you anything! It is your responsibility to educate yourself not mine (you see what I did there). Get your 3 Wendys customers to downvote this comment as well.
Finna get rich of DVN. That OIL. O O O Ohel!
$SPY signaling bull market $OIL signaling recession Tale of two tapes.
GS in 2022: OIL TO THE MOON! AT LEAST $200 PER BARREL IN 2023! Oil is struggling to hold $70 :facepalm:
Anyone knows what happened to OIL etf?
OIL suspended trading in options and the ETN due to Barclays announcement that they are going to redeem the ETN. Options expirations will all be accelerated and there will be a cash settlement. Here is the OCC memo describing the process. [https://infomemo.theocc.com/infomemos?number=52561](https://infomemo.theocc.com/infomemos?number=52561)
would like to see the price seasonality of Oil, but my hunch is that demand for OIL goes down during summer months, so if supply is lower, but demand is lower, prices do not necessarily need to go up
6/9 expiry? Tsla might have a nice week with OIL production being cut
There's not much AI in OIL, I'd stay away...
SAUDI ARABIA WILL BE MAKING ADDITIONAL OIL OUTPUT CUTS. NIGERIA WILL ALSO BE MAKING OIL PRODUCTION CUTS. TOTAL OIL PRODUCTION CUTS BY OPEC WILL BE OVER 1 MILLION BARRELS ​ oil going to rocket
OPEC+ DEBATING AN ADDITIONAL OIL PRODUCTION CUT AMONG POSSIBLE OPTIONS FOR THE JUNE 4 MEETING - 3 SOURCES Lmao
So true. That's why you should go long OIL. It is in the other half. Oh wait, OIL is immune to drawdowns.
I have a few that haunt me. I bought GME as one of my first ever introductory stocks. Day traded it months before any of the wallstreetbets and “ape” nonsense. This was around the $3 share price. Needless a few weeks later GME becomes a meme stock and I could have made hundreds of thousands. I just told myself there’s no way I would have held more than a few days during the craziness. Another is oil stocks. Same thing. Day traded and held for a bit during just the before the crazy OIL crash. Every “analyst” said Oil is done for. Being a rookie at stocks, I got scared and sold for a loss of a few thousand. Just like GME, I’d be up hundreds of thousands. I look back on it as lessons to trust myself over anything an “analyst” has to say. Due to the loss and missing out on GME, I gave up trading for a bit and just put it all into apple. I’m up over 50% on that. It makes it easier to digest having losses and missing out on potential gains this way.
You can use a Indian based broker that offers shares of OIL. I can buy shares of OIL over my brokerage account but the currency conversion rate is terrible.
>U.S. API WEEKLY CRUDE OIL STOCK ACTUAL: -6.799MM VS 3.690M Bullish
i will take what market gives ... lately addicted to OIL and NAT Gas reversals , but they wont Squeeze like high shorted stocks mentioned here ... ​ just using Benzinga scanner would be just enough for me
Agreed, (not to echo myself): Rs and Ds are so far apart Rs want 10 years of max 1% annual increase in spending Ds want 2 years of min 4% annual increase of spending Rs want SNAP able bodied recipients to work min 20hrs a week work if individual has no dependents Ds want no restrictions Rs want unspent COVID money returned to FED government Ds don't appear to be against this (I am not really sure) Rs want $80 Billion to IRS rescinded Ds do not Rs want e-car subsidies repealed Ds do not Rs want reducing restriction on energy permitting Ds are likely open to trading NATGAS, OIL in exchange for similar permitting easements on green projects. Not sure if I missed anything, but these are the biggies.
# Buffet be like after US default only thing that matter is OIL, GUNS & FREEEDOOOMM  
TBH inflation shit isn't all QE, either...yeah it added more debt - but thats a US Gov solvency issue - just don't want y'all to misconstrue...the inflation thing is MOSTLY ENERGY CONSTRAINTS. Oil is going down now right? Inflation lags behind OIL PRICES. Also US gov solvency issue - so to speak. Because there is very little risk, so far, of the US gov going insolvent. We are on a tightrope nevertheless, the US gov...but like the momentum of our economy still has a chance at balancing it out...mkay? Something absolutely horrifically catastrophic would have to happen to the US.
OIL STOCKS! Oil is going to get expensive this year. Seems like a no brainier to put in money into oil stocks.
VIX is defined as the **S&P 500 Volatility Index**. OP says oil is causing this. Hmm. Who to believe - the CBOE who named the VIX & has a white paper available on how it is calculated (not one mention of the word OIL in it), or the guy claiming its movement is due to oil? [https://cdn.cboe.com/api/global/us\_indices/governance/Volatility\_Index\_Methodology\_Cboe\_Volatility\_Index.pdf](https://cdn.cboe.com/api/global/us_indices/governance/Volatility_Index_Methodology_Cboe_Volatility_Index.pdf) Further down, OP claims BBBY going bankrupt should have caused a VIX spike based on the wrong belief that they own a lot of real estate instead of, in reality, them leasing the majority of their stores - leases which are now up for auction. Did the demise of Sears, K-Mart, Circuit City, Value City, Radio Shack & plenty of other better known & longer entrenched retailers cause a VIX spike? Gonna say I doubt it. Someone's got far too much time on their hands looking for manipulation & bogeymen instead of concentrating on making money trading what the market gives them.
One problem, VIX is calculated only off of SPX trading activity. Unless your thesis extends to how OIL is used to influence SPX option trading activity, this is just worthless pontificating. https://www.cboe.com/tradable_products/vix/faqs/
OIL? Who said anything about OIL? Bitch, you cookin? OIL?
The VIX is definitely being suppressed. I’m not sure it has anything specifically to do with OIL. they may follow each other but that’s probably correlation over causation. I’m a fellow VIX trader. The manipulation to future is rampant. In the long-term, I don’t think it will mean much.
GUSH could actually be a solid trade right now. Chart looks good and I could see OIL pumping a bit
I agree except for OIL, oil is dead man walking, price is still high compared to real demand, CCP going full speed with electrification of transport with renewable. This started when solar became cheaper than coal. US simply needs to pull out of SA to pay the bills. We were only there to make USD king and short Silver. Many, many big corp and are long OIL while the FED is heavily short Silver. So silver moons, oil futures goes to zero and insurance sues the remaining carbon mafia to zero. So how much physical do you have?
Solid play. Recession keeps looking more likely. Call on all OIL cos is a good move.
MAX LEVERED LONG OIL 
OIL getting rugged https://preview.redd.it/3263jyhffqxa1.png?width=1184&format=png&auto=webp&v=enabled&s=b9db21a19b525779724d77bc868659712eb984a0 
Mother of god Can’t decide whether to throw my gamble money at PACW longs or OIL longs
Lmao OIL BULL 🫵
Electric cars party on wall street is over.OIL is the new money maker.
AI is a very long term hold.Now there are far better Investments like OIL.
In 2020 the afternoon OIL went negative I lost about 90g and then didn't have funds available to get back in on the rebound
>U.S. BAKER HUGHES OIL RIG COUNT ACTUAL: 591 VS 591 PREVIOUS; EST 591 \>U.S. BAKER HUGHES TOTAL RIG COUNT ACTUAL: 755 VS 753 PREVIOUS ^First ^Squawk ^[@FirstSquawk](http://twitter.com/FirstSquawk) ^at ^2023-04-28 ^13:03:44 ^EDT-0400
>OIL FUTURES EXTEND GAINS, U.S. CRUDE UP BY $2 A BARREL ^First ^Squawk ^[@FirstSquawk](http://twitter.com/FirstSquawk) ^at ^2023-04-28 ^12:09:05 ^EDT-0400
>OIL FUTURES EXTEND GAINS, BRENT CRUDE UP BY $1 A BARREL ^First ^Squawk ^[@FirstSquawk](http://twitter.com/FirstSquawk) ^at ^2023-04-28 ^11:17:18 ^EDT-0400
>US SEIZURE OF OIL VESSEL TRIGGERED IRAN TANKER CAPTURE - FT ^First ^Squawk ^[@FirstSquawk](http://twitter.com/FirstSquawk) ^at ^2023-04-28 ^07:58:12 ^EDT-0400
>REUTERS POLL-BRENT CRUDE SEEN AVERAGING $87.12/BBL IN 2023 (UP FROM $86.49 IN MARCH POLL) \>REUTERS POLL-U.S. CRUDE OIL SEEN AVERAGING $82.23/BBL IN 2023(UP FROM $80.88 IN MARCH POLL) ^First ^Squawk ^[@FirstSquawk](http://twitter.com/FirstSquawk) ^at ^2023-04-28 ^07:01:40 ^EDT-0400
>U.S. CRUDE OIL FUTURES SETTLE AT $74.76/BBL, UP 46 CENTS, 0.62% ^First ^Squawk ^[@FirstSquawk](http://twitter.com/FirstSquawk) ^at ^2023-04-27 ^14:32:28 ^EDT-0400
>IRAN'S ARMY CONFIRMS SEIZURE OF AN OIL TANKER IN THE GULF WATERS AFTER HITTING AN IRANIAN BOAT AND TRYING TO FLEE- STATE MEDIA ^First ^Squawk ^[@FirstSquawk](http://twitter.com/FirstSquawk) ^at ^2023-04-27 ^10:10:18 ^EDT-0400
>US CALLS ON IRAN GOVT TO IMMEDIATELY RELEASE OIL TANKER ^\*Walter ^Bloomberg ^[@DeItaone](http://twitter.com/DeItaone) ^at ^2023-04-27 ^08:45:17 ^EDT-0400
> IRAN SEIZES MARSHALL ISLANDS-FLAGGED OIL TANKER Satellite tracking data for the vessel from MarineTraffic.com showed it in the Gulf of Oman just north of Oman’s capital, Muscat, on Thursday afternoon. It had just come from Kuwait and listed its destination as Houston, Texas.
>US NAVY SAYS IRAN SEIZES MARSHALL ISLANDS-FLAGGED OIL TANKER IN GULF OF OMAN AMID TENSION OVER TEHRAN'S NUCLEAR PROGRAM - AP NEWS REPORTER ^\*Walter ^Bloomberg ^[@DeItaone](http://twitter.com/DeItaone) ^at ^2023-04-27 ^08:19:34 ^EDT-0400
>OPEC SEC GEN: IEA'S REPEATED CALLS TO STOP INVESTING IN OIL COULD LEAD TO FUTURE MARKET VOLATILITY - STATEMENT ^\*Walter ^Bloomberg ^[@DeItaone](http://twitter.com/DeItaone) ^at ^2023-04-27 ^04:57:56 ^EDT-0400
>OPEC SEC GEN: OPEC, OPEC+ ARE NOT TARGETING OIL PRICES - STATEMENT ^First ^Squawk ^[@FirstSquawk](http://twitter.com/FirstSquawk) ^at ^2023-04-27 ^04:57:04 ^EDT-0400
>OPEC SEC GEN SAYS IEA SHOULD BE VERY CAREFUL ABOUT "FURTHER UNDERMINING" OIL INDUSTRY INVESTMENTS - STATEMENT ^\*Walter ^Bloomberg ^[@DeItaone](http://twitter.com/DeItaone) ^at ^2023-04-27 ^04:56:06 ^EDT-0400
>U.S. CRUDE OIL FUTURES SETTLE AT $74.30/BBL, DOWN $2.77, 3.59% ^First ^Squawk ^[@FirstSquawk](http://twitter.com/FirstSquawk) ^at ^2023-04-26 ^14:32:59 ^EDT-0400
>U.S. CRUDE OIL FUTURES SETTLE AT $74.30/BBL, DOWN $2.77, 3.59 PCT ^\*Walter ^Bloomberg ^[@DeItaone](http://twitter.com/DeItaone) ^at ^2023-04-26 ^14:31:43 ^EDT-0400
>U.S. CRUDE OIL FUTURES EXTEND LOSSES, FALL BY $2 A BARREL ^\*Walter ^Bloomberg ^[@DeItaone](http://twitter.com/DeItaone) ^at ^2023-04-26 ^14:14:01 ^EDT-0400
>OIL FUTURES EXTEND LOSSES, BRENT CRUDE FALLS BY $2 A BARREL ^First ^Squawk ^[@FirstSquawk](http://twitter.com/FirstSquawk) ^at ^2023-04-26 ^14:07:04 ^EDT-0400
>RUSSIA'S DEPUTY PM NOVAK: GOVERNMENT IS DISCUSSING CHANGES TO SUBSIDIES FOR OIL REFINERIES || SAYS CHANGES WILL SOON BE SUBMITTED TO DUMA ^First ^Squawk ^[@FirstSquawk](http://twitter.com/FirstSquawk) ^at ^2023-04-26 ^12:01:41 ^EDT-0400
>U.S CRUDE OIL INVENTORIES ACTUAL: -5054K VS -4581K PREVIOUS; EST -1500K \>U.S CUSHING CRUDE OIL INVENTORIES ACTUAL: 319K VS -1088K PREVIOUS \>U.S GASOLINE INVENTORIES ACTUAL: -2408K VS 1299K PREVIOUS; EST -1500K \>U.S DISTILLATE INVENTORY: -577K VS -355K PREVIOUS; EST -1078K ^First ^Squawk ^[@FirstSquawk](http://twitter.com/FirstSquawk) ^at ^2023-04-26 ^10:32:12 ^EDT-0400
Futures market showing "RED" for OIL .-78% & Nat Gas -3.98% , DRIP this morning?
Futures market showing "RED" for OIL .-78% & Nat Gas -3.98% , DRIP this morning?
>RUSSIAN OIL REFINERIES INCREASED RUNS MORE THAN 1% IN JANUARY-MARCH 2023 VS 2022 - SOURCES, REUTERS CALCULATIONS \>RUSSIA'S OIL REFINERY RUNS JUMPED 10% IN MARCH 2023 FROM MARCH 2022 - SOURCES, REUTERS CALCULATIONS ^\*Walter ^Bloomberg ^[@DeItaone](http://twitter.com/DeItaone) ^at ^2023-04-26 ^08:53:56 ^EDT-0400
>OIL FUTURES EXTEND LOSSES, BRENT CRUDE DOWN BY $1 A BARREL ^\*Walter ^Bloomberg ^[@DeItaone](http://twitter.com/DeItaone) ^at ^2023-04-26 ^08:50:53 ^EDT-0400
>RUSSIAN DEPUTY PM NOVAK: SOME 20% OF RUSSIAN OIL INITIALLY SUPPLIED TO EUROPE IS REROUTED TO OTHER MARKETS, SUCH AS ASIA ^First ^Squawk ^[@FirstSquawk](http://twitter.com/FirstSquawk) ^at ^2023-04-26 ^04:13:20 ^EDT-0400
>RUSSIAN DEPUTY PM NOVAK: TOTAL BALANCE OF OIL SUPPLY AND DEMAND HAS NOT CHANGED ^First ^Squawk ^[@FirstSquawk](http://twitter.com/FirstSquawk) ^at ^2023-04-26 ^04:10:09 ^EDT-0400
>U.S. API WEEKLY CRUDE OIL STOCK ACTUAL: -6.083M VS -2.675M PREVIOUS; EST -1.667M ^First ^Squawk ^[@FirstSquawk](http://twitter.com/FirstSquawk) ^at ^2023-04-25 ^16:39:37 ^EDT-0400
>U.S. CRUDE OIL FUTURES SETTLE AT $77.07/BBL, DOWN $1.69, 2.15 PCT ^\*Walter ^Bloomberg ^[@DeItaone](http://twitter.com/DeItaone) ^at ^2023-04-25 ^14:31:30 ^EDT-0400
>RUSSIA MULLS CUTTING MULTIBILLION-DOLLAR SUBSIDIES TO OIL FIRMS ^\*Walter ^Bloomberg ^[@DeItaone](http://twitter.com/DeItaone) ^at ^2023-04-25 ^11:25:15 ^EDT-0400
>OIL FUTURES EXTEND LOSSES, BRENT CRUDE DOWN BY $1 A BARREL ^\*Walter ^Bloomberg ^[@DeItaone](http://twitter.com/DeItaone) ^at ^2023-04-25 ^09:03:04 ^EDT-0400
>U.S. CRUDE OIL FUTURES SETTLE AT $78.76/BBL, UP 89 CENTS, 1.14% ^First ^Squawk ^[@FirstSquawk](http://twitter.com/FirstSquawk) ^at ^2023-04-24 ^14:33:40 ^EDT-0400
>RUSSIA IS ON TRACK TO PRODUCE FORECAST-BEATING 480 MLN TONNES OF OIL IN 2023 -RUSSIAN GOVERNMENT SOURCE \>RUSSIA OIL OUTPUT IN 2023 SEEN IN LINE WITH PLEDGES TO CUT OIL PRODUCTION BY 500,000 BPD UNTIL YEAR-END -REUTERS CALCULATIONS, RUSSIAN SOURCE ^\*Walter ^Bloomberg ^[@DeItaone](http://twitter.com/DeItaone) ^at ^2023-04-24 ^07:23:46 ^EDT-0400
> Does anyone know how to confirm, visualize and/or quantify the roll yield in a futures ETF like Ipath OIL? I use tradingview, for WTI crude, you would use symbol USOIL for the continuous spot price. If you compare USOIL to ETF OIL or USO, a spread forms after March of last year where USO and OIL outperformed due to the positive roll yield from backwardation. I didn't really dig deep into the contracts and rolling schedules for OIL or USO, but it seems like there is very little to no difference between the 2 post-2020 crash. To quantify the exact roll yield is a lot more complicated, especially since USO for example holds the next 7 futures contracts at different weights with different amounts of backwardation. It's also not guaranteed as you get the outperformance only if backwardation is sustained. Using CME's quotes, it seems like the yearly roll yield is about 3%, as long as the backwardation structure is sustained. However this changes by the day, as a backwardated oil market can become looser and futures turn into a contango structure before you get the 3%.
OIL is an ETN. That makes it a little tougher to analyze since it's just a note that tracks an index and the index provider Barclays is making it kind of annoying to see how the index is situated at any given time (at least as far as my patience has taken me). For an actual ETF with actual holdings and a simpler roll methodology, I usually go to something like this: [https://www.cmegroup.com/markets/energy/crude-oil/light-sweet-crude.quotes.html](https://www.cmegroup.com/markets/energy/crude-oil/light-sweet-crude.quotes.html) If the ETF rolls from the front month to the following month, you can see what the spread usually is between the two to see an approximate cost or yield. I visit the Nat Gas version of the above link whenever I'm building a case that my dad needs to sell BOIL. What a horrible product BOIL is for anyone other than day traders. One day, I'll convince him of that fact. Leverage + roll cost = massive losses for long term holders.
>U.S. BAKER HUGHES TOTAL RIG COUNT ACTUAL: 753 VS 748 PREVIOUS \>U.S. BAKER HUGHES OIL RIG COUNT ACTUAL: 591 VS 588 PREVIOUS ^First ^Squawk ^[@FirstSquawk](http://twitter.com/FirstSquawk) ^at ^2023-04-21 ^13:02:51 ^EDT-0400
>OIL FUTURES EXTEND GAINS, U.S. CRUDE UP BY $1 A BARREL ^\*Walter ^Bloomberg ^[@DeItaone](http://twitter.com/DeItaone) ^at ^2023-04-21 ^09:30:12 ^EDT-0400
>U.S. CRUDE OIL FUTURES SETTLE AT $77.29/BBL, DOWN $1.87, 2.36% ^First ^Squawk ^[@FirstSquawk](http://twitter.com/FirstSquawk) ^at ^2023-04-20 ^14:33:50 ^EDT-0400
>OIL FUTURES EXTEND LOSSES, U.S. CRUDE FALLS BY $2 A BARREL ^\*Walter ^Bloomberg ^[@DeItaone](http://twitter.com/DeItaone) ^at ^2023-04-20 ^11:26:31 ^EDT-0400
>OIL FUTURES EXTEND LOSSES, BRENT CRUDE DOWN BY $2 A BARREL ^\*Walter ^Bloomberg ^[@DeItaone](http://twitter.com/DeItaone) ^at ^2023-04-20 ^10:31:47 ^EDT-0400
>U.S. CRUDE OIL FUTURES SETTLE AT $79.16/BBL, DOWN $1.70, 2.10% ^First ^Squawk ^[@FirstSquawk](http://twitter.com/FirstSquawk) ^at ^2023-04-19 ^14:32:16 ^EDT-0400
>U.S CRUDE OIL INVENTORIES ACTUAL: -4581K VS 597K PREVIOUS; EST -250K \>U.S CUSHING CRUDE OIL INVENTORIES ACTUAL: -1088K VS -409K PREVIOUS \>U.S GASOLINE INVENTORIES ACTUAL: 1299K VS -330K PREVIOUS; EST -1250K \>U.S DISTILLATE INVENTORY ACTUAL: -355K VS -606K PREVIOUS; EST -850K ^First ^Squawk ^[@FirstSquawk](http://twitter.com/FirstSquawk) ^at ^2023-04-19 ^10:32:48 ^EDT-0400
>OIL FUTURES EXTEND LOSSES, U.S. CRUDE DOWN BY $2 A BARREL ^\*Walter ^Bloomberg ^[@DeItaone](http://twitter.com/DeItaone) ^at ^2023-04-19 ^10:00:36 ^EDT-0400
>RUSSIA'S OIL EXPORTS FROM ITS WESTERN PORTS HIT 4-YEAR RECORD IN APRIL -SOURCES, REUTERS CALCULATIONS ^First ^Squawk ^[@FirstSquawk](http://twitter.com/FirstSquawk) ^at ^2023-04-19 ^08:58:21 ^EDT-0400
it goes down if the futures contract it's tracking goes down low enough BUT it hasn't and is not mathematically impossible for the price to go down low enough as you can see in recent weeks that there are buyers holding the price up That is a very general statement that commodities do not boom in a recession. There are different commodities in the commodities basket in say like DBC so OIL, Natural Gas, Sugar, Corn, etc. There are commodities that perform well based on the cyclical or secular pattern. The decay is there but if the etf catches a trend, it will stay with that trend, and it can't trend lower since prices are already low
>U.S. CRUDE OIL FUTURES SETTLE AT $80.86/BBL, UP 3 CENTS, 0.04% ^First ^Squawk ^[@FirstSquawk](http://twitter.com/FirstSquawk) ^at ^2023-04-18 ^14:33:16 ^EDT-0400
>U.S. CRUDE OIL FUTURES SETTLE AT $80.83/BBL, DOWN $1.69, 2.05% ^First ^Squawk ^[@FirstSquawk](http://twitter.com/FirstSquawk) ^at ^2023-04-17 ^14:40:36 ^EDT-0400
>OIL PRICES EXTEND LOSSES, US CRUDE FALLS $2 TO SESSION LOW OF $80.51/BBL ^First ^Squawk ^[@FirstSquawk](http://twitter.com/FirstSquawk) ^at ^2023-04-17 ^14:07:16 ^EDT-0400
>U.S. BAKKEN OIL PRODUCTION FOR MAY SEEN UP 17,000 BPD AT 1.176 MLN BPD (VS 18,000 BPD RISE IN APRIL) - EIA RIG PRODUCTIVITY REPORT \>U.S. EAGLE FORD OIL PRODUCTION FOR MAY SEEN UP 6,100 BPD AT 1.141 MLN BPD (VS 9,300 BPD RISE IN APRIL) - EIA ^First ^Squawk ^[@FirstSquawk](http://twitter.com/FirstSquawk) ^at ^2023-04-17 ^14:06:20 ^EDT-0400
>U.S. PERMIAN BASIN OIL PRODUCTION FOR MAY SEEN UP 13,000 BPD AT 5.694 MLN BPD (VS 23,000 BPD RISE IN APRIL) - EIA PROJECTION \>U.S. TOTAL SHALE REGIONS OIL PRODUCTION FOR MAY SEEN UP ABOUT 50,000 BPD AT 9.328 MLN BPD (VS 65,000 BPD RISE IN APRIL) - EIA ^First ^Squawk ^[@FirstSquawk](http://twitter.com/FirstSquawk) ^at ^2023-04-17 ^14:06:21 ^EDT-0400
>U.S. SPR RESERVES OF CRUDE OIL FELL BY 1.58 MILLION BARRELS LAST WEEK TO 368 MILLION BARRELS, LOWEST SINCE OCT 1983 - DEPT OF ENERGY ^\*Walter ^Bloomberg ^[@DeItaone](http://twitter.com/DeItaone) ^at ^2023-04-17 ^14:02:12 ^EDT-0400
>FOREIGN OIL FIRMS ARE INVITED TO SPEAK WITH KRG PM ON TUESDAY FOR UPDATE – SOURCES ^First ^Squawk ^[@FirstSquawk](http://twitter.com/FirstSquawk) ^at ^2023-04-17 ^11:52:07 ^EDT-0400
>FEDERAL IRAQ, KRG INCH CLOSER TO DEAL TO RESUME NORTHERN OIL EXPORTS – SOURCES \>KRG OIL WILL NOT BE SOLD TO ASIA UNDER EMERGING AGREEMENT BETWEEN BAGHDAD AND ERBIL – SOURCES \>KRG CRUDE WILL BE PRICED AGAINST KIRKUK OFFICIAL SELLING PRICES UNDER PLANNED DEAL – SOURCES ^First ^Squawk ^[@FirstSquawk](http://twitter.com/FirstSquawk) ^at ^2023-04-17 ^11:51:34 ^EDT-0400
>FEDERAL IRAQ, KRG INCH CLOSER TO DEAL TO RESUME NORTHERN OIL EXPORTS – SOURCES ^\*Walter ^Bloomberg ^[@DeItaone](http://twitter.com/DeItaone) ^at ^2023-04-17 ^11:50:48 ^EDT-0400
>OIL FUTURES EXTEND LOSSES, U.S. AND BRENT CRUDE DOWN $1 A BARREL ^\*Walter ^Bloomberg ^[@DeItaone](http://twitter.com/DeItaone) ^at ^2023-04-17 ^10:44:04 ^EDT-0400
>U.S. TREASURY PUBLISHES WARNING ON POTENTIAL EVASION OF RUSSIAN OIL PRICE CAP THROUGH EASTERN SIBERIA PACIFIC OCEAN PIPELINES AND PORTS ^\*Walter ^Bloomberg ^[@DeItaone](http://twitter.com/DeItaone) ^at ^2023-04-17 ^10:19:05 ^EDT-0400
>SAUDI ARABIA HAS PUT A SECOND STAKE OF STATE OIL GIANT SAUDI ARAMCO, VALUED AT NEARLY $78 BILLION, UNDER THE CONTROL OF THE COUNTRY’S SOVEREIGN-WEALTH FUND - WSJ ^First ^Squawk ^[@FirstSquawk](http://twitter.com/FirstSquawk) ^at ^2023-04-16 ^14:03:34 ^EDT-0400
Futures CRUDE OIL nymex. LONG 11:11:00 11:28:00 SHORT 11:28:00 11:45:00