OILU News and Press, ProShares UltraPro 3x Crude Oil From 04/20/23

2023-04-20 15:26:11 ET Summary Oil prices are failing to gain any additional traction post-OPEC+'s surprise cut announcement. Fundamentally, April oil market balances only show a minor deficit. The rubber still needs to meet the road, so the market continues to wait. In the me...

2023-04-05 16:47:56 ET Summary The oil market has figured out the price at which oil demand starts to rebound. This sets up an asymmetric upside scenario similar to the asymmetric downside scenario we saw in June 2022. If U.S. oil demand continues to improve, then the market w...

2023-04-01 10:30:47 ET Gainers: Graniteshares Baba 1.75X Daily ETF ( BABX ) +30% . Microsectors Energy 3X Leveraged ETF ( WTIU ) +22% . Micrsectors U.S. Big Oil Index 3X ETN ( NRGU ) +22% . Micrsectors Travel 3X ETN ( FLYU ) +21% . Micrs...

Summary An update on my oil short thesis published on August 15, 2022. Oil continues to trade at a premium. U.S. supply continues to rise. Global recession risk is higher than ever. OPEC+'s cuts are completely overblown. On August 15, 2022, I published a report on Se...

Summary My portfolio, built specifically for my retirement ~20+ years from now, invested a new large position in a beaten down big tech stock. Making monthly contributions, even though they seem small at the time, makes all the difference in the world over time in helping create a...

Summary Oil prices could be higher for longer. Demand continues to grow globally, despite the short-term impact of the pandemic. Supply is constrained, due to ESG mandates, regulation, and underinvestment in new production. OPEC has shown it's willing to do what is needed to k...

Summary My portfolio, built specifically for my retirement ~20+ years from now, had a crushing September, along with the rest of the market, in spite of amazing Petrobras dividends. Making monthly contributions, even though they seem small at the time, makes all the difference in ...

Summary MicroSectors Oil & Gas Exploration & Production 3X Leveraged ETNs gives you more bang for your buck if you want bullish oil exposure at this time. Volatile moves up and down means you can make smaller bets on this ETN and have the ability to buy or sell it at the d...

Summary US demand data continues to be volatile. We believe a large element of the downside surprise has to do with exports being so elevated. (EIA overstating product exports). However, as we explain below, there's an irony to all this. Either way, the conclusion is the s...

The 50% reduction in the discount on Russian crude is temporary as the market is underestimating the impact of EU sanctions. The expected surplus in Q3 has caused WTI to decline 15% QTD. However, the significant potential for gas-to-oil switching this winter could surprise demand....