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0.00410486687531173 0.0046718374382002 0.00580577856397692 0.00353789631242327 0.00580577856397692 -0.000997868190683631 -0.0157391028257815 -0.00689436204472268
Stock impact report

The U.S. Oil ETF, USO, Is The Culprit Behind Oil’s Massive Plunge [Forbes]

Nordic American Tankers Limited (NAT) 
Last nordic american tankers limited earnings: 2/18 06:51 am Check Earnings Report
US:NYSE Investor Relations: nat.bm/investor-relations
Company Research Source: Forbes
Watching the May contract for oil futures this morning, I was shocked at the amount of coverage given to “oil’s plunge” Monday morning.  That may be because I watch the May 2021 WTI futures contract, which has fallen $0.18 per barrel to $35.34 in early Monday trading, not the May 2020 contract which has fallen an astounding $7.42 (more than 40%) to $10.84 per barrel and drawn all the headlines.The culprit here is obvious.  The United States Oil ETF, USO.A picture taken on October 17, 2017 shows excess flammable gasses burning from gas flares at the... [+]Havana oil field, west of the multi-ethnic northern Iraqi city of Kirkuk. Iraqi forces took control of the two largest oil fields in the disputed northern province of Kirkuk demolishing Kurdish hopes of creating a viable independent state. / AFP PHOTO / AHMAD AL-RUBAYE (Photo credit should read AHMAD AL-RUBAYE/AFP via Getty Images)According toBloomberg, USO owned 25% of the outstanding volume of May WTI oil futures contracts as of las Show less Read more
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