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SZO - Crude Oil Grinds Higher As The End Of The Year Approaches And A Look At UCO
DB Crude Oil Short ETN
Last week, the price of active month NYMEX crude oil futures made a higher high. A pattern of higher weekly peaks has been in place during the past two months. In eight of the last nine weeks, crude oil has been grinding higher.
In 2019, nearby WTI futures traded in a range from $44.35 to $66.60 per barrel. The low came during the very first week of the year and the high in mid-April. At over the $60 level at the end of last week, the price was close to the highs for the year.