DIG News and Press, ProShares Ultra Oil & Gas From 04/29/20

Oil and gas names ( XLE +5.9% ) soar to the top of today's S&P sector leaderboard, as crude oil runs to highs of the day after U.S. stockpiles rose by 9M barrels for the week ending April 24, well below consensus estimates. More news on: Energy Select Sector SPDR ETF, SM Energy Com...

Amid the coronavirus black swan, the bottom fell out of the energy sector, which was already down 40% from its peak prior to the pandemic based on the sector ETF ( XLE ). The double whammy of immeasurable collapse in demand and geopolitical shocks led to another ~60% collapse before a massive ...

Treasury Secretary Mnuchin says the government is considering taking equity stakes in U.S. energy companies to try to boost the beleaguered oil and gas sector amid the coronavirus crisis. More news on: Energy Select Sector SPDR ETF, SPDR S&P Oil & Gas Exploration & Production...

Cowen's Washington watcher Chris Krueger suggests that if the Fed's goal is to save jobs, more help is needed for high-yield issuers, i.e. energy oil and gas producers. More news on: Energy Select Sector SPDR ETF, SPDR S&P Oil & Gas Exploration & Production ETF, Vanguard Energy...

Video Transcript West Texas Intermediary crude oil prices fell below $0 per barrel on April 20th - a clear indication that inventories have reached their max. With June 2020 oil contracts trading above $20 per barrel, it would seem that, for now, oil markets are operating on the same ...

The Trump administration is considering paying U.S. oil producers to essentially stop producing , in a bid to help alleviate the oversupply in the market that has pushed crude prices to 18-year lows, Bloomberg reports. More news on: Energy Select Sector SPDR ETF, SPDR S&P Oil & Ga...

Today's oil production agreement in principle between Saudi Arabia and Russia could be in trouble after Mexico refused to participate in the cutbacks and left the OPEC+ meeting without approving the deal. More news on: The United States Oil ETF, LP, Energy Select Sector SPDR ETF, iPath...

Energy stocks ( XLE +3.0% ) are off to another strong start as OPEC+ opens its virtual meeting , apparently moving closer to a deal to curb production in an attempt to tackle the unparalleled impact of the coronavirus on demand. More news on: Energy Select Sector SPDR ETF, SM Energy Com...

ProShares, a premier provider of ETFs, announced today reverse share splits on six of its ETFs. The splits will not change the total value of a shareholder’s investment. Reverse Splits Six ETFs will reverse split shares at the following split ratios: All reverse splits wi...

Crude oil ( CL1:COM ) cruises higher a day after Pres. Trump said he expected Saudi Arabia and Russia would reach a deal soon to end their oil price war and Russia's Pres. Putin called for cooperation among producers. More news on: Crude Oil Futures, Exxon Mobil Corporation, Chevron Corp...