ERX News and Press, Direxion Energy Bull 3X Shares From 07/08/21

Crude oil futures have turned higher today following the government's weekly report that showed big drops in U.S. crude and gasoline inventories, but gains are limited by the lingering uncertainty over the continued OPEC dispute.The Energy Information Administration said U.S. crude inventorie...

imaginima/E+ via Getty Images U.S. shale producers have promised to maintain spending this year even during rising crude oil prices, and their restraint has extended to their hedging strategies, Reuters reports. Shale companies typically increase production and add to hedges when oil prices r...

The energy sector ([[XLE]] -1.2%) brings up the rear in the S&P sector standings, as crude oil prices continue to reel since OPEC+ talks collapsed on Monday.August WTI crude (CL1:COM) currently -1.8% to $72.03/bbl, and September Brent (CO1:COM) -1.5% to $73.39/bbl.ETFs: [[XLE]], [[USO]], ...

Devon Energy (DVN) +2% pre-market, leading energy stocks higher as crude oil recoups some of yesterday's losses, but prices remain volatile while an impasse prevents OPEC+ from raising production.Some of yesterday's biggest losers are indicated slightly higher: [[FANG]] +1.3%, [[OXY]] +0.8%, ...

anatoliy_gleb/iStock via Getty Images Nearly $18B has poured into U.S. energy-stock ETFs so far this year, more than at anytime in a decade and close to 3x the amount seen in H1 2020, Bloomberg reports. Investors have been reeled in by the strongest rally in oil and gas prices since 2009 - no...

Energy stocks are little changed in premarket trading after WTI crude rose to the highest level in more than six years before turning negative, in the wake of OPEC's failure to agree on a production increase.Shares are mixed with small gains and losses: [[XOM]] -0.2%, [[CVX]] -0.1%, [[COP]] -...

My previous post discovered ERX in a comparative analysis of leveraged oil ETFs. Since then, the ETF has followed crude’s precipitous rise above $70 bbl. From one of the most unloved asset classes in 2020, crude oil’s gain in popularity is testament to a global econo...

Brent crude oil rises above $77/bbl for the first time since 2018 after OPEC+ fails to reach a production deal, further squeezing an already tight oil market and raising concerns over inflation.With the United Arab Emirates continuing to block an agreement, today's planned OPEC+ meeting has b...

WTI crude oil rockets past $75/bbl for the first time since October 2018 after media reports indicate that Saudi Arabia and Russia have reached a tentative deal to gradually raise production.According to Reuters, the OPEC+ group is weighing a plan that would ease production curbs enough to ad...

After a long bear market, the energy sector has low capex and is likely setting up for a longer-term bull market, not just a transitory blip. An analysis of every major energy/power source, including their shortcomings. My favorite energy stocks for the long run. For further...