NRGU News and Press, MICROSECTORS U.S. BIG OIL INDEX 3X LEVERAGED ETNs From 05/31/23

2023-05-31 18:30:09 ET Energy ( NYSEARCA: XLE ) was Wednesday's biggest sector decliner, -1.7% , with U.S. crude oil tumbling nearly 2% to add to Tuesday's 4.4% drubbing, as another round of weak economic data from China added to concerns about global demand. China's officia...

2023-05-30 18:35:22 ET Crude prices fell to their lowest levels in nearly a month in the wake of concerns about whether the debt ceiling deal will pass the U.S. Congress as well as mixed messages from oil producers ahead of the OPEC+ meeting this coming weekend. Tensions have been ris...

2023-05-27 22:01:31 ET Tensions are rising between Saudi Arabia and Russia, as Russia continues to pump huge volumes of cheaper crude oil into the market and undermining Saudi efforts to boost prices, The Wall Street Journal reported Saturday. Saudi Arabia reportedly has express...

2023-05-26 18:50:12 ET Gasoline at the pump this Memorial Day weekend will cost U.S. consumers ~$1.00 per gallon less than at the same time last year, driven by weak demand for fuel and low oil prices. Nationally, a gallon of gas averaged $3.57 on Friday , down from $4.59 a year ago...

2023-05-26 14:00:57 ET Total active drilling rigs in the U.S. fell by another 9 to 711, the lowest count in a year, according to the latest data released Friday in Baker Hughes' weekly survey . The total rig count came in slightly below the year-earlier level for the second straight...

2023-05-26 06:53:46 ET Summary US commercial crude inventories have recently experienced a large weekly draw, which could indicate higher oil prices in the near future. The US government has been using its Strategic Petroleum Reserve to keep commercial inventories from draining an...

2023-05-25 19:55:39 ET Energy ( NYSEARCA: XLE ) sank to the bottom the S&P sector leaderboard on Thursday, -1.8% , with crude oil falling sharply after Russia downplayed the likelihood of further OPEC+ production cuts at the cartel's June 3-4 meeting. Russian Deputy ...

2023-05-24 22:14:08 ET Goldman Sachs said Wednesday it remains bullish on crude oil and other major raw materials , anticipating a rally following the "largest-ever commodity de-stocking the complex has ever witnessed" that caused declining prices of commodities including oil. Goldm...

2023-05-23 17:45:25 ET Ten of the 11 S&P 500 sector groups ended Tuesday's trading with declines, with the energy sector ( NYSEARCA: XLE ) finishing alone in positive territory, +1% , as crude oil prices climbed following a warning from Saudi Arabia's top energy official to ...

2023-05-19 19:50:41 ET Crude oil posted its first weekly gain since early April, tracking broader market sentiment that supported risk assets on the rising belief that the U.S. will avoid a default, although prices slipped on Friday as debt-ceiling talks paused unexpectedly. But oil's u...