NRGU News and Press, MICROSECTORS U.S. BIG OIL INDEX 3X LEVERAGED ETNs From 07/13/23

2023-07-13 18:45:03 ET Crude oil prices continued their recent bounce Thursday, rising for a third straight session to settle at their best levels since late April, supported by production cuts from Saudi Arabia and Russia, a weaker U.S. dollar, and expectations for record global oil demand...

2023-07-11 18:50:56 ET Energy was Tuesday's easy winner on the S&P sector leaderboard, +2.2% with crude oil prices rebounding from the prior session's loss as expectations rise for the oil market to remain tight despite lingering growth concerns. The U.S. Energy Information Admi...

2023-07-10 05:30:00 ET Summary Financial and tech sectors face weak comparisons from late 2022, while the energy sector faces stronger comparisons and good growth from late 2022. The 'pandemic' influence will ripple through the S&P 500 numbers through the end of 2023. Fina...

2023-07-07 20:30:51 ET Energy stocks closed an otherwise mediocre week in strong fashion, as oil traders who have grappled with concerns over the global demand outlook may finally see signs of tightening in the oil market. Saudi Arabia and Russia started the week announcing fresh prod...

2023-07-07 14:10:11 ET Total active drilling rigs in the U.S. rose by 6 to 680, breaking a winning streak of nine straight weeks, Baker Hughes said Friday in its latest weekly survey . The total rig count was 9.5% below the 752 rigs reported at the same time last year. But drill...

2023-07-06 17:50:59 ET Energy ( NYSEARCA: XLE ) was the stock market's biggest sector loser Thursday, -2.2% , as all 11 S&P groups finished in the red, with crude oil finishing flat after a choppy session in which traders coped with mixed signals, including a price hike for ...

2023-07-05 18:50:21 ET Crude oil futures rose Wednesday after Saudi Arabia's energy minister said OPEC and its allies would do " whatever necessary " to support the oil market, hinting at the potential for further production cuts. Prince Abdulaziz bin Salman said new joint oil outpu...

2023-07-03 08:25:19 ET Crude oil futures are rising Monday after Saudi Arabia said it will extend its voluntary 1M bbl/day oil production cut for another month to include August, while Russia said it will cut exports by 500K bbl/day. The reduction will take Saudi production to ~9M bbl...

2023-06-30 19:20:23 ET Crude oil futures climbed this week to cap their first monthly gain of the year, but also another quarterly loss as investors worried that sluggish global economic activity could hurt fuel demand. Brent crude prices chalked up their fourth quarterly loss in a row,...

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...