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OILK - The Oil Bear Case Is Showing More Signs Of Falling Apart
ProShares K-1 Free Crude Oil Strategy ETF
Right now, a couple of interesting things are happening in the US oil patch that suggest, on the whole, the picture for crude continues to remain bullish. One of these developments relates to DUCs (drilled but uncompleted wells), while the other shows an interesting disparity existing at the moment between weekly and monthly oil production figures. Taken individually, these figures point to a bullish outlook for the space long term, but taken together it’s a double-whammy of impressiveness that should excite bulls in this space and make bears think twice about their current stance regarding