NRGU News and Press, MICROSECTORS U.S. BIG OIL INDEX 3X LEVERAGED ETNs From 06/30/23

2023-06-30 14:00:12 ET Total active drilling rigs in the U.S. fell for the ninth week in a row, down by 8 to 674, the lowest count since April 2022, according to the latest weekly report from Baker Hughes. The total rig count came in ~10% below the 750 rigs reported at the same time...

2023-06-28 16:50:45 ET Energy ( NYSEARCA: XLE ) ended at the top of Wednesday's sector standings, +1% while the broader stock market finished flat, as a bigger than expected weekly draw for U.S. crude oil stockpiles offset concerns that further interest rate hikes could slow...

2023-06-27 18:10:34 ET Crude oil slipped more than 2% Tuesday, as the market quickly surrendered Monday's modest gains and discounting any meaningful supply risk related to the weekend's chaotic events in Russia. Russian crude exports have been topping expectations during the past year ...

2023-06-26 04:53:21 ET The Organization of the Petroleum Exporting Countries (OPEC) has projected that global oil demand will increase 23% to 110 million barrels per day by 2045, according to a CNBC report. This is contrasts the International Energy Agency's forecast that global oil dem...

2023-06-25 21:36:21 ET Crude oil moves modestly higher in overnight trading early Monday following the events in Russia over the weekend, with traders reacting cautiously as they try to gauge the impact of the instability in the country. Brent crude futures ( CO1:COM ) +0.7% to ...

2023-06-23 20:00:16 ET Crude oil suffered its biggest weekly decline since early May following a flurry of central bank interest rate increases around the world and as the Federal Reserve signaled more potential rate hikes ahead, sparking fears of a global economic downturn. There were ...

2023-06-23 13:13:27 ET Total active drilling rigs in the U.S. fell for the eighth week in a row, down by 5 to 682, Baker Hughes reported Friday in its latest weekly survey . The total rig count came in more than 9% below the 753 rigs reported at the same time last year. Drilling...

2023-06-20 12:25:04 ET Energy is Tuesday's worst performing S&P sector, -3.5% with losses in all 22 components, as WTI crude oil reversed overnight gains to drop as much as $2/bbl to slip below $70/bbl before rebounding slightly. The weakness centers on worries about the strengt...

2023-06-16 20:05:22 ET Crude oil exports out of Iran have surged to five-year highs despite U.S. sanctions, signaling something of a resurgence for the country on the world stage but also sapping confidence in an oil market already weakened by lackluster global economic growth and cheap...

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...