NRGU News and Press, MICROSECTORS U.S. BIG OIL INDEX 3X LEVERAGED ETNs From 06/16/23

2023-06-16 14:00:05 ET Total active drilling rigs in the U.S. fell by 8 to 687, down for the seventh week in a row and the lowest count since April last year, Baker Hughes reported in its latest weekly survey . The total rig count came in 7% below the 740 rigs reported at the same t...

2023-06-15 16:30:00 ET Summary China’s disappointing recovery following the COVID-19 reopening this spring has been the major reason for the declining commodities markets in May. The UBS Constant Maturity Commodity Index declined 5.78% and the Bloomberg Commodity Index decl...

2023-06-15 14:52:44 ET Rosneft ( OTC:RNFTF ) is close to striking long-term deals to sell substantial supplies of oil, a sign that Russia can continue to count on petroleum exports to fund its war on Ukraine, The Wall Street Journal reported Thursday. Rosneft ( OTC:RNFTF ) r...

2023-06-14 16:55:11 ET Crude oil futures closed lower Wednesday after the U.S. Energy Information Administration reported domestic crude stockpiles unexpectedly jumped by nearly 8M barrels last week, while inventories of refined fuels also increased. Oil then extended its decline after ...

2023-06-14 05:59:46 ET Global oil demand is expected to slow "almost to a halt" within five years, the International Energy Agency said in a report Wednesday, as higher prices and supply concerns will likely speed up the shift to clean energy sources and electric vehicles. Demand w...

2023-06-13 19:15:01 ET Crude oil prices popped more than 3% Tuesday, recovering some of their steep losses in the previous session, after China's central bank lowered a key short-term lending rate in an effort to spark its lackluster post-COVID economic recovery. The People's Bank of Ch...

2023-06-12 18:50:40 ET Crude oil prices fell sharply on Monday on continued worries over Chinese demand, a potential U.S. recession and strong Russian crude flows. Even Saudi Arabia's recent pledge to cut more production in July has failed to keep prices elevated; the Brent price ...

2023-06-09 19:35:20 ET Crude oil prices failed to sustain their initial lift following Saudi Arabia's decision to cut production, but Goldman Sachs' Jeff Currie sees the move eventually prompting a draw in crude inventories, sending prices into the low $90s before the end of the year. ...

2023-06-09 13:15:14 ET Total active drilling rigs in the U.S. fell by 1 to 695, the lowest count since April last year, according to the latest survey from Baker Hughes, as reported Friday. The total rig count came in 5% below the 733 rigs reported at the same time last year; the co...

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...