OILD - Outlook For Oil Over The Next Few Years

January, 28 2019 06:37 AM ProShares UltraPro 3x Short Crude Oil

Overview

I invest in oil producers and supply companies. So, I wanted to share my view on the oil market over the medium term. I see a number of bullish factors for the oil market which I will discuss, but at the same time, the global economic slowdown could have a significant opposite effect on the price.

Data by YCharts

Figure 1 - Source: YCharts

In the middle of 2014, we saw an epic decline in the price of oil, which lasted until the beginning of 2016. More recently, in Q4 2018, after a recovery,

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

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Overview