OILU News and Press, ProShares UltraPro 3x Crude Oil From 11/13/19

The American Petroleum Institute reportedly shows a draw of 541K barrels of oil for the week ending Nov. 8. 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, Energy stocks news, Commodities news, News o...

The U.S. shale revolution will reshape global energy markets in the years to come, according to the IEA's annual World Energy Outlook. 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, Energy stocks new...

By Tajinder Dhillon U.S. oil companies finished reporting 19Q3 earnings, posting a significant overall decline in YoY growth. Notables including Exxon (XOM), Chevron (CVX), and Occidental (OXY) experienced a decline of 54.1%, 26.5%, and 93.8% in YoY earnings. Top-line revenue also declined...

Imagine waking up in your posh high-rise penthouse facing the Red Sea. Above the bustling city hangs a giant artificial moon that livestreams images from outer space. You call for an automated flying taxi, and it carries you to your job genetically modifying humans to make them stronger. When ...

Offshore oil production is expected to hit a peak in 2020 before joining the shale industry in a slowdown , according to a new report by analysts at Sanford C. Bernstein. More news on: The United States Oil ETF, LP, Energy Select Sector SPDR ETF, iPath S&P GSCI Crude Oil Total Return ...

Iraq's Oil Ministry confirmed recently that the country exported more than 106 million barrels of crude oil in October, with revenues having surpassed six billion USD. The results by IHS Markit Commodities at Sea for October shipments from Iraq suggest a very similar story, with total volume...

Crude prices gained over the week despite the huge weekly build in US inventories as reported by the Energy Information Administration ((EIA)). Stockpiles rose by 7.9 million barrels, taking the cumulative increase to 30 million barrels over the last seven weeks. Brent crude rose to $62.51 per...

We took a brief hiatus from our weekly series Open Insights to update our oil thesis, recently published here , but we’re back now back to looking at the EIA’s Weekly Petroleum Status Report (“WPSR”) for the week of November 1, 2019. EIA reported a build of 7.9M ...

In this article, we examine the significant weekly order flow and market structure developments driving WTI price action. As noted in last week’s WTI Weekly , the primary expectation for this week was for price discovery higher, barring failure of 54.70s as support. This expectation ...

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...