OILU News and Press, ProShares UltraPro 3x Crude Oil From 11/09/19

Over the last few weeks, we have seen sustained upside in the price of crude oil with the NYMEX futures contract rallying by over 10% in the last month. As I have previously argued, I believe that what we are seeing is the green shoots of a rally which could reach 50% or more over the next ye...

So far, in 2019, the price of nearby NYMEX crude oil futures traded from a low at $44.35 in January to a high at $66.60 in April. At $57.25 per barrel on November 8, the price of the energy commodity was just above the midpoint of the year. Nearby Brent crude oil futures traded in a range from...

Perhaps the most interesting story in regards to the shale industry this year has been the steady decline in operating rigs we have seen since the beginning of this year, and the continued growth in shale oil and gas production despite it. The number of rigs operating in the US started declini...

The total count of U.S. active drilling rigs posts the 10th decline in 11 weeks, falling by another 5 rigs to 817, Baker Hughes reports in its new weekly survey . More news on: The United States Oil ETF, LP, The United States Natural Gas ETF, LP, VelocityShares 3x Long Natural Gas ETN, En...

By OVI Below are a number of Non-OPEC charts created from data provided by the EIA's International Energy Statistics. The charts and table below are primarily for the world's largest Non-OPEC producers and are updated to July 2019, except for the U.S., which is updated to August 2019. ...

Crude oil prices ( USO -1.1% ) tumbled after U.S. government data revealed that domestic supplies surged by nearly 8M barrels; December WTI settled -1.5% to $56.35/bbl and January Brent finished -1.9% to $61.74/bbl. More news on: The United States Oil ETF, LP, Energy Select Sector SP...

The American Petroleum Institute reportedly shows a build of 4.26M barrels of oil for the week ending Nov. 1. More news on: The United States Oil ETF, LP, iPath S&P GSCI Crude Oil Total Return Index ETN, VelocityShares 3x Long Crude Oil ETN, News on ETFs, Read more ...

"The outlook for global growth, at least in the short- and medium-term, has been revised down repeatedly over the past year... as U.S. tight oil (shale), in particular, has again outperformed expectations," OPEC wrote in its closely-watched annual World Oil Outlook. More news on: The Unite...

Energy stocks ( XLE +2.3% ) surge to the top of the S&P sector leaderboard as crude oil prices reach their highest in more than a month , with sentiment helped by growing expectations of a U.S.-China trade deal as well as Saudi Arabia's IPO plans for Aramco . More news on: Energy S...

The last month has finally rewarded the long traders in the United States 3x Oil Fund ( USOU ) with shares returning 12%, bringing the year-to-date return to 25% for the fund. In this article I will make the case that I believe that there is substantial upside ahead for investors in USOU and t...