PowerShares DB Oil ETF
 (DBO)

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  • Thu, Jan. 21, 11:01 AM
    | Thu, Jan. 21, 11:01 AM | 76 Comments
  • Wed, Jan. 20, 4:48 PM
    • The first export of U.S. crude oil in four decades arrived in Europe early today, reaching the French port of Marseille before sunrise after leaving from Texas nearly three weeks ago, Financial Times reports.
    • Oil trader Vitol is expected to unload the shipment - a mix of ultralight oil from the Texas Eagle Ford shale formation produced by ConocoPhillips (NYSE:COP) - which will then travel by pipeline to one of two refineries the company operates in Europe under a joint venture with the Carlyle Group (NASDAQ:CG).
    • Energy analysts say it could take a while before the volume of U.S. oil exports expands beyond today’s trickle, as U.S. crude output is expected to fall later this year as producers face shrinking revenues and soaring debt due to plunging oil prices.
    • ETFs: USO, OIL, UCO, UWTI, SCO, BNO, DBO, DWTI, DTO, USL, DNO, OLO, SZO, OLEM
    | Wed, Jan. 20, 4:48 PM | 28 Comments
  • Wed, Jan. 20, 4:44 PM
    • The API reports a U.S. crude inventory build of 4.5M barrels last week - about double trade expectations.
    • The EIA estimate comes tomorrow.
    • Texas Tea is has dipped about another $0.40 since the news a few minutes ago, with the new front month contract now at $28.33 per barrel.
    • USO -1.2% after hours.
    • ETFs: USO, OIL, UCO, UWTI, SCO, BNO, DBO, DWTI, DTO, UGA, USL, DNO, UHN, OLO, SZO, OLEM
    | Wed, Jan. 20, 4:44 PM | 36 Comments
  • Wed, Jan. 20, 12:55 PM
    • WTI crude has broken out to new session lows, down 7.3% to $26.39 per barrel. That's the February contract. The lead contract is now March, and it's down 6.3% to $27.71. USO -5.8%
    • Alongside that, the energy sector (XLE -5.1%) is leading the S&P 500's 3.5% decline, and the major junk bond ETFs are lower by more than 2% even as the 10-year Treasury is down 11 basis points to 1.94%.
    • ETFs: USO, OIL, UCO, UWTI, SCO, BNO, DBO, DWTI, DTO, UGA, USL, DNO, UHN, OLO, SZO, OLEM
    | Wed, Jan. 20, 12:55 PM | 69 Comments
  • Wed, Jan. 20, 2:29 AM
    • Crude futures are getting slammed once again, with U.S. oil falling to its lowest since September 2003 on worries over a global glut.
    • The drop comes after the International Energy Agency, which advises industrialized countries on energy policy, warned on Tuesday that oil markets could "drown in oversupply".
    • Stocks data from the American Petroleum Institute is due out later today, while official figures from the Energy Information Administration will be released tomorrow.
    • WTI -3.4% to $27.49/bbl; Brent -2.4% to $28.06/bbl.
    • ETFs: USO, OIL, UCO, UWTI, SCO, BNO, DBO, DWTI, DTO, USL, DNO, OLO, SZO, OLEM
    | Wed, Jan. 20, 2:29 AM | 29 Comments
  • Tue, Jan. 19, 5:05 AM
    • Unseasonably warm weather and rising supply will keep the crude market oversupplied until at least late 2016, the International Energy Agency said in its latest monthly report.
    • "We conclude that the oil market faces the prospect of a third successive year when supply will exceed demand by 1M bpd".
    • Prices could be pressured further as Iran revives exports with the end of sanctions, the agency added, cutting its forecast for 2016 OPEC crude demand by 300K bpd to 31.7M.
    • ETFs: USO, OIL, UCO, UWTI, SCO, BNO, DBO, DWTI, DTO, USL, DNO, OLO, SZO, OLEM
    | Tue, Jan. 19, 5:05 AM | 41 Comments
  • Tue, Jan. 19, 4:04 AM
    • Crude prices are inching back towards $30 per barrel, after tumbling in the previous session due to worries surrounding the lifting of international sanctions against Iran.
    • Prices appeared to get some support from strong oil data in China, where preliminary demand for 2015 was at a record 10.32M barrels per day, up 2.5% from a year ago, despite a slowing economy.
    • However, fears of additional Iranian barrels is still likely to weigh on traders' minds. Deputy Oil Minister Rokneddin Javadi said on Monday the Islamic Republic was ready to add 500K bpd to its output.
    • Brent +3% to $29.43/bbl; WTI +1% to $29.70/bbl.
    • ETFs: USO, OIL, UCO, UWTI, SCO, BNO, DBO, DWTI, DTO, USL, DNO, OLO, SZO, OLEM
    | Tue, Jan. 19, 4:04 AM | 9 Comments
  • Mon, Jan. 18, 2:04 AM
    • Crude prices are under fresh pressure after international sanctions against Iran were lifted over the weekend, with Islamic Republic stating it was ready to increase oil production and exports by 500K bpd.
    • Fears of additional Iranian barrels come as prices are already depressed by a supply glut from the development of shale oil in the U.S. and OPEC's refusal to curtail production.
    • Brent -2.7% to $28.16/bbl; WTI -2.2% to $28.76/bbl - after falling about 6% on Friday in the U.S. session.
    • ETFs: USO, OIL, UCO, UWTI, SCO, BNO, DBO, DWTI, DTO, USL, DNO, OLO, SZO, OLEM
    | Mon, Jan. 18, 2:04 AM | 162 Comments
  • Sun, Jan. 17, 4:27 AM
    • July's nuclear deal between Iran and six world powers came into effect Saturday evening, triggering an end to years of sweeping economic and financial sanctions on Tehran over its nuclear work.
    • "Today marks the first day of a safer world," Secretary of State John Kerry declared in Vienna. "This evening, we are really reminded once again of diplomacy's power to tackle significant challenges."
    • What's on watch? $100B worth of Iranian assets are set to be unfrozen and many global companies will now be permitted to do business with the Islamic Republic. Iran has also said it plans to scale up oil production and exports by 500K bpd - a move that comes as crude prices languish below $30/bbl and amid deteriorating relations with Saudi Arabia.
    • A prisoner swap was also negotiated as part of the diplomatic maneuvering. Four Americans imprisoned in Tehran were exchanged for seven Iranians held or charged in the U.S.
    • ETFs: USO, OIL, UCO, UWTI, SCO, BNO, DBO, DWTI, DTO, USL, DNO, OLO, SZO, OLEM
    | Sun, Jan. 17, 4:27 AM | 309 Comments
  • Fri, Jan. 15, 3:20 PM
    | Fri, Jan. 15, 3:20 PM | 117 Comments
  • Fri, Jan. 15, 1:54 PM
    • The U.S. oil rig count fell by just one to 515 in the latest week, the lowest number since April 2010, according to the latest data from Baker Hughes
    • The total active U.S. rig count, which includes natural gas rigs, fell by 14 at 650, the lowest since August 1999; compared to last year, the total rig count has dropped 61%, while the oil rig count has fallen 62%.
    • Crude oil prices, which already had plunged below $30/bbl, are little changed by the news: WTI -5.5% at $29.47, Brent -5.6% at $29.13.
    • ETFs: USO, OIL, UCO, UWTI, SCO, BNO, DBO, DWTI, DTO, USL, DNO, OLO, SZO, OLEM
    | Fri, Jan. 15, 1:54 PM | 23 Comments
  • Fri, Jan. 15, 4:09 AM
    • Crude futures are heading lower after posting the first significant gains for 2016 in the previous session, as the prospect of additional Iranian supply looms over the market with Western sanctions expected to be lifted within days.
    • China's Sinopec (SNP, SHI) has also purchased its first ever batch of U.S. oil for export, a landmark transaction after the ending of a four-decade ban on domestic exports.
    • West Texas Intermediate is down 3.4% at $30.13 a barrel, near the 12-year low of $29.93 hit earlier this week.
    • ETFs: USO, OIL, UCO, UWTI, SCO, BNO, DBO, DWTI, DTO, USL, DNO, OLO, SZO, OLEM
    | Fri, Jan. 15, 4:09 AM | 42 Comments
  • Thu, Jan. 14, 3:26 PM
    • Energy stocks are broadly higher as U.S. crude oil bounces off $30/bbl to end pit trading at $31.22, +2.6%; the SPDR Energy ETF (XLE +5.1%) soars 5%, with 36 of its 40 equity components trading higher, after closing yesterday at its lowest level since September 2010.
    • Exxon Mobil (XOM +5.5%) and Chevron (CVX +5.9%) are the Dow's top two gainers; and pipeline companies sport strong showings with Kinder Morgan (KMI +8.2%), Plains All American Pipeline (PAA +11.7%) and Williams Cos. (WMB +27.4%) among the biggest winners.
    • Among other major energy movers: ETE +22.6%, BP +7.6%, MRO +7.5%, OXY +7.1%, PBR +7%, COP +7%, RDS.A +6.7%, SE +6.1%, PSX +6.1%, ETP +6.1%, EPD +5.3%, APA +5%, E +4.6%, HES +4.1%, MPC +4.1%.
    • Amid overwhelmingly negative sentiment, a few analysts are venturing out to say the worst may be over or nearly so: Deutsche Bank’s Torsten Slok thinks "we now have the worst behind us in terms of the negative impact of falling oil prices on the economy," and Gluskin Sheff’s David Rosenberg argues that the oil selloff is getting “long in the tooth.”
    • ETFs: USO, OIL, XLE, UCO, UWTI, VDE, ERX, OIH, SCO, XOP, BNO, DBO, DWTI, ERY, FCG, DIG, GASL, DTO, DUG, BGR, USL, XES, IYE, IEO, IEZ, DNO, FENY, PXE, PXI, PXJ, FIF, OLO, SZO, NDP, RYE, FXN, OLEM, DDG
    | Thu, Jan. 14, 3:26 PM | 89 Comments
  • Thu, Jan. 14, 4:31 AM
    • Brent oil prices dipped below $30/bbl in Asian hours today, hitting a new 12-year low and trading at a discount to U.S. crude.
    • "I think most of the bearishness is coming from worries over Iranian sanctions being lifted. It seems to be causing panic selling in Brent," said Daniel Ang, an analyst with Phillip Futures.
    • Prices have already tanked 20% this year and analysts vary greatly over the level and when the commodity will hit a bottom.
    • ETFs: USO, OIL, UCO, UWTI, SCO, BNO, DBO, DWTI, DTO, USL, DNO, OLO, SZO, OLEM
    | Thu, Jan. 14, 4:31 AM | 33 Comments
  • Wed, Jan. 13, 10:32 AM
    | Wed, Jan. 13, 10:32 AM | 66 Comments
  • Wed, Jan. 13, 2:11 AM
    • Crude futures are on the rise for the first time in eight days, with U.S. oil pulling further away from the closely watched $30-level breached last session following data from the American Petroleum Institute.
    • According to the industry group, oil inventories unexpectedly fell last week, sliding 3.9M barrels to 480M.
    • Brent +0.7% to $31.06/bbl; WTI +1% to $30.75/bbl.
    • Also on tap: The EIA publishes its weekly inventories data at 10:30 a.m. ET.
    • ETFs: USO, OIL, UCO, UWTI, SCO, BNO, DBO, DWTI, DTO, USL, DNO, OLO, SZO, OLEM
    | Wed, Jan. 13, 2:11 AM | 52 Comments
DBO Description
The PowerShares DB Oil Fund (Fund) is based on the Deutsche Bank Liquid Commodity Index - Optimum Yield Oil Excess Return™ (Index) and managed by DB Commodity Services LLC. The Index is a rules-based index composed of futures contracts on Light Sweet Crude Oil (WTI) and is intended to reflect the performance of crude oil. You cannot invest directly in an index. Ordinary brokerage commissions apply.
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