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home / news releases / SCO - OPEC Update February 2022

SCO - OPEC Update February 2022

ProShares UltraShort Bloomberg Crude Oil
  • World supply was about 1.3 Mb/d below the Feb 2020 level in Jan 2022 based on OPEC estimates.
  • By the third quarter of 2022, the World Oil Market is likely to be short on supply if the optimistic supply estimates of OPEC prove correct.
  • The trend might flatten a bit over the next 2 quarters and then may continue lower in the last half of 2022.

For further details see:

OPEC Update, February 2022
Stock Information
Company Name: ProShares UltraShort Bloomberg Crude Oil
Stock Symbol: SCO
Market: NYSE
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