Crude Oil Strategy K-1 Free ETF (OILK)

$48.79 0.06 (0.12%)

20:00 EDT OILK Stock Quote Delayed 30 Minutes

Volume:

Previous Close -

Market Cap 1.52M

PE Ratio -

EPS -

Volume (Avg. Vol.) 104,178

Day's Range $48.72 - $49.06

52-Week Range $38.32 - $51.00

Dividend & Yield $0.70 (1.43%)

OILK Stock Predictions, Articles, and Crude Oil Strategy K-1 Free ETF News

From the Web

U.S. rig count rises for fifth straight week (NYSEARCA:USO)

From Seeking Alpha Oct 16, 2020

Total drilling rigs in the U.S. continues to claw back from the big drop earlier this year, rising by another 13 to 282 for its fifth straight weekly increase, Baker Hughes reports in its latest survey.U.S.

Norway union plans oil strike expansion from Oct. 10 (NYSE:EQNR)

From Seeking Alpha Oct 6, 2020

Norway's Lederne labor union says it will expand its current oil strike starting Oct. 10 unless a wage agreement can be reached in the meantime.The planned escalation would hit four additional fields - Equinor's (EQNR -1.2%) Oseberg South, Oseberg East and Kristin fields as well as the ConocoPhillips' (COP -2.3%) operated Ekofisk Bravo/Kilo installation - but the Norwegian Oil and Gas Association says it is too early to say how production would be affected.Six offshore oil and gas fields shut down yesterday as Lederne ramped up its strike, cutting production capacity by 8%, or ~330K boe/day.The conflict, along with an approaching hurricane in the Gulf of Mexico, helped boost global oil prices for a second straight day, with November WTI settling +3.7% to $40.67/bbl and December Brent +3.4% to $42.69/bbl, although both have pared gains after Pres.

Huge deficits forecast for Gulf nations (NYSEARCA:USO)

From Seeking Alpha Sep 28, 2020

Gulf economies in the Middle East could be set up for trouble due to their overreliance on oil. Factoring in subdued crude oil prices, S&P Global Ratings estimated that Gulf Cooperation Council central government deficits will soar to $490B cumulatively between 2020 and 2023.Separately, the IMF said that Saudi Arabia needs to see oil prices at $76.10 to achieve fiscal break-even in the current year and is at risk of seeing a huge budget deficit of as much as 11% of GDP.Crude oil prices have fallen three of the last four weeks on a lack of visibility on short-term demand and are starting off the new week a bit soft.

Rig count higher across the world over the last week

From Seeking Alpha Sep 25, 2020

Total drilling rigs in the U.S. rose 6 to 261, 70% lower a year ago, Baker Hughes reports in its latest weekly survey.

U.S. oil rigs edge lower by 1, gas rigs gain 2 (Commodity:CL1:COM)

From Seeking Alpha Sep 18, 2020

Total drilling rigs in the U.S. added 1 to 255, 71% lower than at the same time last year, Baker Hughes reports in its latest weekly survey.Rigs targeting crude oil fell by 1 to 179, while gas rigs gained 2 to 73 and 3 rigs are classified as miscellaneous.Rigs targeting oil in the Permian Basin shed 1 to 121.October WTI crude oil (CL1:COM) -0.3% to $40.84/bbl.ETFs: USO, UCO, BNO, SCO, USL, DBO, USOI, NRGU, OILK, OLEM, OILX.

Grim demand warnings have OPEC+ reassess production cuts (NYSEARCA:USO)

From Seeking Alpha Sep 17, 2020

Dire warnings about oil are prompting OPEC+ producers to convene for an online meeting today, where they will review the market and discuss compliance, though further output cuts are not expected.The energy alliance agreed in July to cut production by 7.7M barrels per day from August through to December, while Iraq and others pledged to pump below their quotas in September to offset overproduction earlier in the year.Already this week, OPEC and the IEA, two prominent forecasters, trimmed their 2020 outlook for crude demand, while oil major BP warned that demand may have peaked in 2019.Crude futures have slipped under $40 a barrel on the news, falling 0.8% to $39.85/bbl.ETFs: USO, UCO, BNO, SCO, USL, DBO, USOI, NRGU, OILK, OLEM, OILX, NRGD, USAI, NRGO, NRGZ, YGRN

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Crude Oil Strategy K-1 Free ETF (OILK)

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OILK Stock Predictions, Articles, and Crude Oil Strategy K-1 Free ETF News

U.S. rig count rises for fifth straight week (NYSEARCA:USO)

Norway union plans oil strike expansion from Oct. 10 (NYSE:EQNR)

Huge deficits forecast for Gulf nations (NYSEARCA:USO)

Rig count higher across the world over the last week

U.S. oil rigs edge lower by 1, gas rigs gain 2 (Commodity:CL1:COM)

Grim demand warnings have OPEC+ reassess production cuts (NYSEARCA:USO)

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