NRGU News and Press, MICROSECTORS U.S. BIG OIL INDEX 3X LEVERAGED ETNs From 06/08/23

2023-06-08 12:45:53 ET U.S. crude fell as much as 4.7% Thursday to drop below $70/bbl, following media reports that the U.S. and Iran have made progress toward potentially reviving their Obama-era nuclear deal, which could ease sanctions on Iran's oil exports and lead to the return o...

2023-06-07 13:35:45 ET Energy ( NYSEARCA: XLE ) is the biggest gainer among S&P sectors Wednesday, +2.5% , boosted by higher crude oil prices after a report showed refineries are raising their crude processing to the highest since August 2019, perhaps in anticipation of stro...

2023-06-06 12:45:58 ET Saudi Arabia's latest 1M bbl/day oil production cut looks "unlikely to underpin a sustainable price increase" into the high $80s or low $90s, as weak fundamentals point to lower prices by year-end , Citi analysts said Tuesday. Citi sees average quarterly price...

2023-06-06 07:00:00 ET Summary Oil prices have recently recovered from a downturn due to optimism regarding potential action by OPEC+ and Saudi Arabia's decision to cut daily production by 1 million barrels starting in July. The oil market is sensitive to small imbalances between ...

2023-06-05 20:30:12 ET Crude oil closed higher Monday but surrendered nearly all of its healthy early gains, as Saudi Arabia's go-it-alone production cuts - allowing Russia and the rest of OPEC+ to keep pumping freely - only underscored the broader weakness in the oil market and the dee...

2023-06-05 07:00:33 ET Summary Energy investors have endured significant volatility over the past two months as China's economic recovery has fizzled out. Saudi Arabia decided to cut its production, demonstrating its commitment to defend oil prices from falling further, lending st...

2023-06-05 04:51:21 ET Summary Two new Breakout Stocks for Week 23 with better than 10% short-term upside, ETF updates, and one Dow 30 Pick. Average cumulative returns for 2023 are +86.5% YTD. Last week, we had peak gains in INTR +22.5%, PDD +7.2%, and the Active ETF portfolio gai...

2023-06-02 19:35:19 ET Crude oil prices climbed Friday alongside risk assets, with attention focusing on the OPEC+ meeting Sunday in Vienna, where ministers will decide whether to give existing production cuts more time to take effect, or take further pre-emptive action to lift prices. ...

2023-06-02 14:05:40 ET Total active drilling rigs in the U.S. plunged by another 15 to 696, the lowest count since April last year, Baker Hughes reported Friday in its latest weekly survey . The total rig count came in slightly below the year-earlier level for the third straight wee...

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...