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home / news releases / OILU - Oil Update - October 2019


OILU - Oil Update - October 2019

For the fourth straight month, I expect West Texas Intermediate oil prices to range between $52.50 and $62.50.

With all the uncertainties surrounding trade, global growth, and future oil supply and demand, oil prices remain reasonably volatile. The US-China trade war should become less severe after the mid-November meeting where both countries are expected to sign the first phase of a trade deal. With a little luck, there might be a resolution, or perhaps just more clarity, of the ongoing Brexit saga early in January. With reduced trade frictions, global growth should tick higher. Oil

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Stock Information

Company Name: ProShares UltraPro 3x Crude Oil
Stock Symbol: OILU
Market: NYSE

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