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home / news releases / TNA - Oil Tanks Dampens Risk Appetites After Back-To-Back Weekly Equity Gains


TNA - Oil Tanks Dampens Risk Appetites After Back-To-Back Weekly Equity Gains

Overview

Oil prices have collapsed to start the new week. The May contract, which expires now, is off over 20% to a little more than $14, and the June contact is off nearly 7% near $23.30. Falling demand and limited storage space continue to overwhelm output cuts from OPEC+ that are to start next month. Equities are struggling to extend the first back-to-back weekly gain in two months. The Nikkei fell by over 1%, and Australia's benchmark was off early 2.5% (liquified natural gas is priced off oil). Europe's bourses are mixed, leaving the Dow

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Stock Information

Company Name: Direxion Small Cap Bull 3X Shares
Stock Symbol: TNA
Market: NYSE

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