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home / news releases / SCO - Oil Is Headed Higher If This Continues

SCO - Oil Is Headed Higher If This Continues

ProShares UltraShort Bloomberg Crude Oil
  • US oil demand is starting to bottom.
  • Product inventories are getting dangerously low. Hurricane season could cause prices to spike even higher.
  • SPR release is being used to "attempt" to push prices down, but overall crude balance remains firmly negative.
  • If demand continues to recover, watch out, oil is headed higher.

For further details see:

Oil Is Headed Higher If This Continues
Stock Information
Company Name: ProShares UltraShort Bloomberg Crude Oil
Stock Symbol: SCO
Market: NYSE
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