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Energy ETFs Rise on Crude Oil Prices, Fall on Natural Gas Prices

By  +Follow October 2, 2013 9:02AM
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Those ETFs tracking the price of crude oil jumped today as crude prices rebounded from lows yesterday that finished just over $102 a barrel. Prices rallied today, with contracts for November 13th delivery jumping over 1.75 percent to about $103.80 a barrel by the afternoon. This carried crude oil ETFs with it, with the United States Oil Fund ($USO) gaining over 2.1 percent, the iPath S&P GSCI Crude Oil Total Return (OIL) rose almost 2.25 percent, and the PowerShares DB Oil Fund ($DBO) jumped over 1.5 percent.

Crude Oil Prices Rise as Pipeline Section Nears Completion

Several factors could have affected crude oil on Wednesday, with the biggest news item being the announcement from TransCanada (TRP) that the southern spur of the Keystone pipeline was nearing completion. The Canadian petroleum company said that the Gulf Coast section of the pipeline, which could carry as much as 700,000 barrels a day if completed, was about 95 percent finished.

Also acting on crude prices was news that crude oil stockpiles in Cushing, OK fell for a 13th straight week, a record stretch. Dropping another 59,000 barrels, stocks reached 32.8 million barrels, the lowest level since February of 2012. Many believe that a completed Keystone pipeline could continue to cut into that supply.

"This is going to add to the drain on Cushing quite a bit," said Again Capital’s John Kilduff in reference to the near-completed southern spur.

Still others saw today’s price-jump as a market correction after a lengthy slide in oil prices. With calming tensions over Syria, the threat of geopolitical supply disruptions has appeared lower and dropped prices for weeks.

Tariq Zahir of Tyche Capital Advisors said "we were due for this kind of a bounce after what we have seen."

ETFs Fall with Natural Gas Prices

Natural gas, meanwhile, moved sharply against oil, with contracts for November 13 delivery falling over 1.75 percent in value on Wednesday. This took popular natural gas ETFs down, with the United States Natural Gas Fund (UNG) off almost 1.75 percent and United States 12 Month Natural Gas (UNL) falling almost 2 percent. This comes amid news that a major storm continues to develop near the Gulf of Mexico. The storm isn’t predicted to disrupt supply, but profit-takers opted to sell on Wednesday just to be safe. Natural gas has already be losing ground as cooler fall weather means Americans are using less air-conditioning and, as a result, less natural gas.

DISCLOSURE: The views and opinions expressed in this article are those of the authors, and do not represent the views of equities.com. Readers should not consider statements made by the author as formal recommendations and should consult their financial advisor before making any investment decisions.


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Results for uso
SmallCaps
1 Feb 15 01:53:38
http://t.co/g6iiNMihPW <-- FREE access to a Tim Sykes premium video lesson usually only for subscribers! $USO $UWTI $RIG
Sherilyn Balazs
1 Feb 15 01:49:08
What will these major tickers do next? These guys tell all: http://t.co/o6PqlxZaOF $TRTC $TSLA $QLD $USO $GDX http://t.co/zI7k3xSJcE
Stevie B
1 Feb 15 00:47:26
United Steelworkers Union tells members to strike at major U.S. refineries http://t.co/VNFTUmcGqC via @WSJ $USO $UWTI $UNG #OIL #STOCKS $SPY
royfberger
1 Feb 15 00:27:08
Getting my trader's face on. $MSFT $SPY $F $AAPL $HYG $IMAX $RIG $YHOO $USO $HUN http://t.co/iSJgoPHA0z http://t.co/Lnt7Oq7zNf
Langan Stocks
1 Feb 15 00:07:45
$MRK Last Price Updated Sunday, February 1, 2015 03:03:15 AM $CTCT $USO $SCO $HD http://t.co/GXsdQenZQy
OM_freebies
31 Jan 15 23:33:05
Options Training Video: Psychology of Trading Stocks & Options https://t.co/aS8aiALgzI #trading #stocks $qld $uso $uup $uwm $jnj $iwm
Marsol International
31 Jan 15 23:17:18
RT @StockTwits: This chart from @_SeanDavid shows what happened Friday. Oil jumped. Stocks dropped. http://t.co/voJFDO2jBu $USO $SPY http:/…
Langan Stocks
31 Jan 15 23:05:10
$TLO Company Info Updated Sunday, February 1, 2015 01:03:14 AM $USO $DUST $SH $BHI http://t.co/XaErV1z94v
royfberger
31 Jan 15 23:05:08
Throw a trading dog a bone! $MSFT $SPY $F $AAPL $HYG $IMAX $RIG $YHOO $USO $HUN http://t.co/iSJgoPHA0z http://t.co/E5aH2fN8y8
pstock805
31 Jan 15 22:21:54
$OIL - Some OIL related (Long) ETFs: $USO, $OIL, $OLEM, $OLO, $DBO, $UCO, $USL, $BNO Some OIL related (Short) ETFs: $DTO, $SZO, $SCO, $DNO
Swing Trade Warrior
31 Jan 15 22:21:22
OPEC sees oil prices exploding to $200 a barrel http://t.co/wUgFrAQiPV #News #oil $uso #opec #bulls #economy #money #stockmarket #kaboom
SmallCaps
31 Jan 15 21:56:50
http://t.co/NGQ7Izd80x <-- Let me tell you a story about how knowledge is power in trading..$CL_F $USO $QM_F $XOIL
Edward Gofsky
31 Jan 15 21:46:48
$CNQ.TO {Cup+Handle} setting up here. #stocks #charts $USO #Oil #TSX http://t.co/AwPzCIYstJ
Options/stocks Gains
31 Jan 15 21:02:14
“@Taarriqq: $XLE $USO $OIL exploding, saw calls volume since am, never acted on them, sticked to other winners!
Langan Stocks
31 Jan 15 21:00:12
$PDP Reviews Updated Saturday, January 31, 2015 11:03:12 PM $USO $ZGNX $IBM $MIDU http://t.co/CgVQgBf61v
GLD Fractalerts
31 Jan 15 20:31:10
What is the $USO going to do next? Get real time alerts and analysis at http://t.co/4IoPpXyxmm
Swing Trade Warrior
31 Jan 15 20:21:14
Weekly Swing Trade Video Recap http://t.co/IvCpLVynKx #swingtrading #daytrading #stocks #stacks #money $OPK $MSFT $USO $SPY #retweet #follow
Langan Stocks
31 Jan 15 19:59:36
$MU Stock Price Updated Saturday, January 31, 2015 10:03:13 PM $MCD $USO $MINE $ELTP http://t.co/DXjRRKfTd8
EFT_Fractalerts
31 Jan 15 19:24:45
Tell us what you think about this weeks $USO alert. How are you trading it? http://t.co/Ca9xohRPxV
IH News Desk
31 Jan 15 19:19:12
$WMIH Last Price Updated Saturday, January 31, 2015 10:10:53 PM $ACT $GILD $AMD $USO http://t.co/n8JoTI3W6Q
IH News Desk
31 Jan 15 19:19:11
$MLPL Filings Updated Saturday, January 31, 2015 10:10:53 PM $VTI $VSLR $USO $RIG http://t.co/or7B8n8jiC
TalkMarkets
31 Jan 15 19:13:52
Oil Inventories Continue To Rise But Gasoline Production Slowing $OIL $USO $UGA http://t.co/qDIHx4zJ9I
Forex First Aids
31 Jan 15 19:04:53
RT @tradewithjoe: Daily Doubles #1 - $MAN $HTZ $USO $TRGP $AMZN $WLL $GLD $DECK $MSFT $DAL $SVXY $EEM $CSCO $UAL $HOG $ALK $EEM - http://t…
Langan Stocks
31 Jan 15 18:58:10
$ALK Company Info Updated Saturday, January 31, 2015 9:03:12 PM $WMIH $XLF $XHB $USO http://t.co/n0shFYZ61S
tradewithjoe
31 Jan 15 18:56:33
Daily Doubles #1 - $MAN $HTZ $USO $TRGP $AMZN $WLL $GLD $DECK $MSFT $DAL $SVXY $EEM $CSCO $UAL $HOG $ALK $EEM - http://t.co/O9cBLfpHoK
Trent Blair
31 Jan 15 18:28:44
RT @FutureMeDead: $USO For over a month I have been bearish oil. EW keeps in you in the trade. Recent pattern suggests a short to medium te…
PENNYBUSTER
31 Jan 15 18:21:07
RT @natgastrading: The History and Likelihood of "V Shaped" Oil Recoveries > http://t.co/IOyI86KaBh $USO $UNG $UWTI $UGAZ
SI Fractalerts
31 Jan 15 18:08:46
Confidently trade $USO Crude http://t.co/yAbzP6R5AC
WeinsteinTST
31 Jan 15 18:07:58
Why Only Some Airline Tickets Are Falling http://t.co/N04uH3z76i @RobertWeinstein $AAL $DAL $LUV $UAL $USO
Day Traders Group
31 Jan 15 17:59:23
High Candle Doji BUY signal Triggered Friday http://t.co/10OJt6BrZw & what it means $AAPL $FB $USO $XLE $TSLA $TWTR $QQQ
Langan Stocks
31 Jan 15 17:58:11
$USO Short Sales Updated Saturday, January 31, 2015 8:03:13 PM $AVGO $TWTR $IBB $TLT http://t.co/rX6A1qmq93
Dan
31 Jan 15 17:54:52
RT @StockTwits: This chart from @_SeanDavid shows what happened Friday. Oil jumped. Stocks dropped. http://t.co/voJFDO2jBu $USO $SPY http:/…
Gur-Aryeh
31 Jan 15 17:21:19
RT @NoanetTrader: "@andrewnyquist: Crude Oil: Could This Lonely White Candle Trigger A Rally?" http://t.co/iVJBmA5fbl via @seeitmarket $CL_…
dailystockplays.com
31 Jan 15 17:19:23
Oil Near a Breakout - Lets look at UCO http://t.co/GLy6i3an7o $UCO $USO $SCO
IH News Desk
31 Jan 15 17:16:36
$RSP Investor Opinions Updated Saturday, January 31, 2015 8:10:51 PM $VOO $XLK $USO $CSX http://t.co/MZSrgvXf95
RJ
31 Jan 15 17:13:33
RT @WallStJesus: RT @StockTwits: This chart from @_SeanDavid shows what happened Friday. Oil jumped. Stocks dropped. $USO $SPY http://t.co/…
Marc
31 Jan 15 17:08:14
RT @andrewnyquist: New Post - "Crude Oil: Could This Lonely White Candle Trigger A Rally?" http://t.co/Evkwp5Qvfw $CL_F $USO $OIL http://t.…
John Q. Taxpayer
31 Jan 15 17:02:50
RT @andrewnyquist: New Post - "Crude Oil: Could This Lonely White Candle Trigger A Rally?" http://t.co/Evkwp5Qvfw $CL_F $USO $OIL http://t.…
Langan Stocks
31 Jan 15 16:56:42
$CJJD Reviews Updated Saturday, January 31, 2015 7:03:11 PM $WEN $ITNS $XLV $USO http://t.co/FUTcw5vDOT
Bit Sage
31 Jan 15 16:54:43
RT @philstockworld: Global GDP Cut by 10% is PERFECT for our Hedges: $TZA $SPY $DIA $TASR $TSLA $USO -- http://t.co/1YCcVtIyJ9 http://t.co/…
luckypete
31 Jan 15 16:44:32
RT @WallStJesus: RT @StockTwits: This chart from @_SeanDavid shows what happened Friday. Oil jumped. Stocks dropped. $USO $SPY http://t.co/…
Woll Street
31 Jan 15 16:26:33
RT @andrewnyquist: New Post - "Crude Oil: Could This Lonely White Candle Trigger A Rally?" http://t.co/Evkwp5Qvfw $CL_F $USO $OIL http://t.…
PolgarStocks
31 Jan 15 16:16:33
$ISRG Recent News Updated Saturday, January 31, 2015 7:07:00 PM $ACT $USO $PFE $INTC http://t.co/9TIgJ12Xk6
Edward Gofsky
31 Jan 15 16:09:19
$SU.TO {Cup+handle} setting up in this energy stock. Lots of energy stocks showing similar setups. #stocks $USO #Oil http://t.co/B6OmUP1nb2
Vincent
31 Jan 15 15:53:46
$USO looking to get back in, prematurely stopped-out.
MikeFekade(yoyo)
31 Jan 15 15:43:13
RT @andrewnyquist: New Post - "Crude Oil: Could This Lonely White Candle Trigger A Rally?" http://t.co/Evkwp5Qvfw $CL_F $USO $OIL http://t.…
nj46nick
31 Jan 15 15:39:15
RT @moon_shine15: Market overview for next week will be sent out tonight or tomorrow to the mailing list. Tweet/DM e-mail to be added. $MIN…
Stockaholics
31 Jan 15 15:38:40
Our Alerts on $IJJP $QLTS $TUNG & $ETBI Gained 160% This Week! Get Our Next Pick: http://t.co/LayPQuOeI4 $USO $EWP $CORN
kenr0966
31 Jan 15 15:25:11
RT @andrewnyquist: New Post - "Crude Oil: Could This Lonely White Candle Trigger A Rally?" http://t.co/Evkwp5Qvfw $CL_F $USO $OIL http://t.…
Mr.Incredible
31 Jan 15 15:21:33
RT @andrewnyquist: New Post - "Crude Oil: Could This Lonely White Candle Trigger A Rally?" http://t.co/Evkwp5Qvfw $CL_F $USO $OIL http://t.…
				
				
By  +Follow October 2, 2013 9:02AM
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