NRGU News and Press, MICROSECTORS U.S. BIG OIL INDEX 3X LEVERAGED ETNs From 08/03/23

2023-08-03 09:51:57 ET Crude oil edges higher on news that Saudi Arabia has extended its unilateral 1M bbl/day oil production cut by another month, and said it could be prolonged further or even deepened, according to the Saudi Press Agency. Front-month Nymex September crude ( CL1:COM...

2023-08-02 18:45:32 ET U.S. crude oil futures fell Wednesday by the most in more than a month, as a record drop in crude inventories was not enough to overcome risk-off investor sentiment, as financial markets fell broadly after Fitch downgraded the U.S. credit rating to AA+ from AAA. T...

2023-08-02 06:43:36 ET The U.S. government has withdrawn its offer to buy 6M barrels of oil for the Strategic Petroleum Reserve as crude prices continue to rise amid tighter supplies in the wake of production cuts by Saudi Arabia and Russia. The Energy Department made the purchase off...

2023-07-31 17:30:25 ET U.S. crude oil prices climbed to fresh three-month highs Monday and posted their best monthly gains in a year and a half, supported by tightening global supply and rising demand. Front-month Nymex crude ( CL1:COM ) for September delivery closed +1.5% Mon...

2023-07-28 20:15:25 ET Exxon Mobil ( NYSE: XOM ) and Chevron ( NYSE: CVX ) each posted their weakest quarterly profits in more than a year Friday, as financial results at the two top U.S. oil giants moderate after spiking in the wake of Russia's invasion of Ukraine. Exxo...

2023-07-28 14:05:29 ET Total active drilling rigs in the U.S. fell by 5 to 664, the lowest count since March 2022, according to the latest weekly survey from Baker Hughes. The total rig count is down 103, or 13%, from the same time last year. Drilling rigs targeting crude oil fell b...

2023-07-27 18:45:39 ET U.S. benchmark WTI crude oil settled above the $80/bbl mark Thursday for the first time in three months, supported by supply tightness following recent production cuts from Saudi Arabia and Russia, and the U.S. reported its economy grew by a greater than expected 2.4%...

2023-07-27 07:03:23 ET The U.S. government will likely reach out to Western allies to remind them to adhere to the price cap on Russian crude oil exports by ship, Reuters reported citing sources, as prices have risen above the limit. The G7 countries, Australia and the European Union ha...

2023-07-24 12:35:40 ET Oil and gas ( NYSEARCA: XLE ) leads the S&P 500 sector standings by a wide margin Monday, +2% , as crude oil prices rose to near a three-month high on continued anticipation of tighter oil supply and Chinese stimulus moves. West Texas and Brent ben...

2023-07-22 21:15:04 ET The U.S. Senate voted this week to block China from purchasing oil from the Strategic Petroleum Reserve, which stands at a 40-year-low following the Biden administration's 180M barrel drawdown last year. The legislation - an amendment to the must-pass National...