OILU News and Press, ProShares UltraPro 3x Crude Oil From 11/16/19

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 55.76s as support. This expectation ...

The prices of WTI and Brent crude oil futures on the NYMEX division of the CME and the Intercontinental Exchange have been crawling higher since early October. When it comes to the nearby NYMEX WTI futures, the third trip below the $51 per barrel level in early October took the price of the ...

Instrument The S&P GSCI Crude Oil Total Return Index ( OIL ) reflects the returns that are potentially available through an unleveraged investment in the West Texas Intermediate crude oil futures contract. In other words, the return on the index is directly proportional to the return on ...

Even as several energy producers have pledged to spend less on drilling as oil prices remain subdued, there's no sign yet of lower production . More news on: The United States Oil ETF, LP, Energy Select Sector SPDR ETF, iPath S&P GSCI Crude Oil Total Return Index ETN, Energy stocks ne...

One big fear in the oil markets is that global demand growth is slowing, caused in large part by the fallout of Trump's trade wars (particularly with China). This is a legitimate concern that needs to be monitored closely, but amidst all the pessimism, the market is overlooking some other real...

The total count of active drilling rigs in the U.S. declines for the fourth consecutive week and the 11th time in 12 weeks, sliding by another 11 rigs to 806, according to the latest Baker Hughes survey . More news on: The United States Oil ETF, LP, The United States Natural Gas ETF, LP, ...

Crude oil futures (NYSEARCA: USO ) edged lower after the U.S. government reported a third straight weekly increase in domestic inventories and new weekly record production of 12.8M bbl/day. More news on: The United States Oil ETF, LP, Energy Select Sector SPDR ETF, iPath S&P GSCI C...

On a year-to-date basis, the ProShares UltraPro 3x Crude Oil ETF ( OILU ) has crushed it by delivering around a 32% return. However, if you look closer at the data, you’ll see that over the last 6 months, we’ve seen a drawdown of nearly 40% in which crude prices retreated from th...

U.S. crude oil production will grow more than expected in 2019 and 2020, the U.S. Energy Information Administration says in its latest Short-Term Energy Outlook , contradicting warnings from some U.S. shale producers of a coming slowdown in growth. More news on: Pioneer Natural Resources ...

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...