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Best Inverse/Leveraged ETFs of Last WeekWall Street was upbeat last week.Zacks Investment Research · Jun 10, 2024

Best Leveraged ETFs of Last WeekWall Street was upbeat last week. The rally came after the release of weaker-than-expected inflation data, which raised hopes of a sooner-than-expected Fed rate cut.Zacks Investment Research · May 20, 2024

Iraq To Resume Oil Exports To Turkey Via Pipeline Shuttered A Decade Ago Amid Kurdish Negotiation DeadlockIn a significant development in the energy sector, Iraq is set to reactivate a previously dormant pipeline to Turkey, which could substantially impact regional oil exports and negotiations. What Happened: Iraq is reviving a pipeline to Turkey, potentially exporting 350,000 barrels per day by month’s end, Reuters reported on Sunday. This move comes amid stalled negotiations with the Kurdistan Regional Government (KRG). The Kirkuk-Ceyhan pipeline, inactive for a decade, offers an alternative to the KRG’s pipeline, which has been closed for a year. Baghdad views the KRG’s oil deals with foreign companies as illegal and demands that companies negotiate with the federal government for oil sales through the revived pipeline. Islamic State attacks halted the pipeline’s operations in 2014. It was responsible for about 0.5% of the world’s oil supply. “Major crude pumping station with storage facilities has been completed,” said Basim Mohammed, Iraqi deputy oil minister for upstream affairs, indicating the pipeline’s readiness to restart flows soon. After an arbitration court ruling last year, the KRG’s pipeline was shut down, citing treaty violations. Discussions to ...Full story available on Benzinga.comBenzinga · Apr 8, 2024

Analyst Warns Of 'Serious Escalatory Tit-For-Tat Cycle' If Iran Strikes Back, Raising Fears Of 'Wider War' In Middle EastAmid rising tensions in the Middle East, Helima Croft predicts “serious Iranian retaliation” that could lead to broader regional conflict. What Happened: On Thursday, Croft, an analyst at RBC Capital Markets, expressed concerns over the potential repercussions of the recent escalation in the Middle East. During CNBC “Last Call,” Croft warned, “We are bracing for serious Iranian retaliation.” “You could see a serious escalatory tit-for-tat cycle that leads to a wider war in the region.” 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. She expressed that Iran only needs to launch attacks on a few oil tankers to push the oil prices higher. "We are bracing for serious Iranian retaliation," says @CroftHelima as geopolitical tensions in the Middle East impact markets. "You ...Full story available on Benzinga.comBenzinga · Apr 5, 2024

Natural Gas Soars After Top US Producer Slashes Output; Oil Prices Dip As OPEC+ Extends Production CurbsNatural gas prices surged on Monday after EQT Corporation (NYSE:EQT), the largest U.S. producer, announced it was cutting output in response to low prices. U.S. natural gas futures jumped 5.6% to $1.938, while exchange traded funds that track gas prices were also higher. The United States Natural Gas Fund (NYSE:UNG) was up 6% in pre-market trade at $16.42, while the ProShares Ultra Bloomberg Natural Gas (NYSE:BOIL) jumped 10.4% to $16.73. Shares in EQT Corporation were up 0.3% at $37.01 in the pre-market session after the company, which operates in the Appalachian basin in the Northeastern U.S., said it would curtain around 1 billion cubic feet (bcf) of production a day for approximately 30-40bcf of net production in the first quarter. “EQT has made the strategic decision to curtail production in response to the current low natural gas price environment resulting from warm winter weather and ...Full story available on Benzinga.comBenzinga · Mar 4, 2024

Cold Snap Pushes Natural Gas ETFs HigherNatural gas prices have been on the rise this year as cold weather gripped large parts of the United States, spurting the demand for heating in homes and offices.Zacks Investment Research · Jan 18, 2024

Natural Gas Data Sparks Optimism For Chevron, BP, Shell And Natural Gas ETFsThe market for natural gas was choppy between 2022 and 2023. The market experienced significant turbulence caused by Russia’s invasion of Ukraine, plus potential shortages across the European Union. While geopolitics did have an impact, the demand side of the equation also appeared weak. For the most of 2023 (chart above), demand for natural gas remained below 100 billion cubic feet per day (Bcf/d). Meanwhile, supply has exceeded demand, leading to muted prices (chart below). The trajectory appears to be reversing in 2024, for demand and well as prices. The chart above shows a rebound in natural gas spot prices kicking in, in January 2024. An uptick in natural gas prices ...Full story available on Benzinga.comBenzinga · Jan 17, 2024

6 Best Inverse/Leveraged ETFs of Last WeekLast week, Wall Street snapped its nine-week win streak, marking the end of their longest consecutive weekly run in the green since 2004.Zacks Investment Research · Jan 8, 2024

Asia Markets Mixed, Europe Gains As 2024 begins; Crude Oil And Gold Up - Global Markets Today While US Was SleepingOn Friday, December 29th, the U.S. stock markets closed in red, the last trading day of 2023, concluding a year of robust gains fueled by a strong year-end rally and prospects of relaxed monetary policy. In economic data, the Chicago PMI dropped to 46.9 in December, a decline from November's 55.8, and fell short of the market expectations of 51. The S&P 500, Dow, and Nasdaq recorded nine straight weeks of gains—the longest streak for the S&P 500 since January 2004 and the Dow and Nasdaq since early 2019. Overall, each of the three indexes achieved double-digit increases for the year. The Dow Jones Industrial Average decreased 0.04%, closing at 37,689.54. The S&P 500 ...Benzinga · Jan 2, 2024

Asia Markets Mixed, Europe Mostly In Green, Crude Oil And Gold Drop - Global Markets Today While US Was SleepingOn Wednesday, December 27th, the U.S. stock markets closed in green, with major U.S. stock indexes fluctuating between slight gains and losses during the session. In economic data, the Richmond Manufacturing Activity Index Dropped to -11 in December, a Ten-Month Low versus -5 in the prior month; the Service Sector Revenues Index in the U.S. Fifth District Fell to 0, compared to November's reading of 1. Within the S&P 500's 11 primary sectors, the real estate category led with the highest percentage gain, while energy stocks bore the brunt of the losses, adversely affected by falling crude oil prices. The Dow Jones Industrial Average increased by 0.30%, closing at 37,656.52. ...Benzinga · Dec 28, 2023

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