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UCO - 3 Reasons Why Oil Should Remain Over $55 Per Barrel
ProShares Ultra Bloomberg Crude Oil
The impact of the trade dispute between the US and China and a stronger dollar has weighed on the prices of many of the members of the commodities asset class. The prices of metals have moved lower over the past weeks, and copper which is a bellwether for economic growth or contract fell from almost $3 per pound in mid-April back below the $2.75 per pound level on May 13. Agricultural commodities prices have moved appreciably lower with soybeans, coffee, frozen concentrated orange juice, and others falling the multiyear lows. The sector-wide correction in the