OILU News and Press, ProShares UltraPro 3x Crude Oil From 11/20/19

Crude oil prices bounce back in a big way after U.S. data showed a slightly smaller than expected build in domestic inventory, rising by 1.4M barrels in the week ending Nov. 15. More news on: The United States Oil ETF, LP, Energy Select Sector SPDR ETF, Schlumberger Limited, Energy st...

Using inventories to predict oil prices has some merit, but it is only one factor to consider. For example, last October and November, crude oil prices crashed, leading up to the imposition of sanctions on Iranian oil, and the granting of waivers. That price development had nothing to do with ...

The American Petroleum Institute reportedly shows a build of 5.95M barrels of oil for the week ending Nov. 15. 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, New...

Oil prices have been exceptionally stable through most of 2019 establishing itself comfortably at about $60/bbl (Brent) with little deviation except briefly in the aftermath of the attack on the Saudi oil facilities this summer. However, I believe that oil prices are about to experience a hard...

Crude oil benchmarks are on track for their fifth decline in the past seven sessions amid fresh worries about excess supply ahead of weekly U.S. inventory data scheduled for release tomorrow; U.S. WTI (NYSEARCA: USO ) -2.3% to $55.73/bbl, Brent (NYSEARCA: BNO ) -1.8% to $61.32/bbl. M...

The energy sector ( XLE -1.3% ) was today's worst performing group as oil and gas prices turned sharply lower amid uncertainty over the prospects for a U.S.-China trade deal. More news on: Energy Select Sector SPDR ETF, McDermott International, Inc., Callon Petroleum Company, Energy st...

By Blu Putnam At a Glance As Saudi Arabia's state-owned oil company prepares for an IPO, the country could move away from managing oil supply. The U.S. has taken the role of world's top oil producer. The coming Initial Public Offering ((IPO)) for Aramco ([[ARMCO]]), the Saudi Ara...

Over the last few weeks, I've argued fairly extensively that I believe that the bottom is in for crude oil and that we are likely to see crude rally possibly 50% or more from here. In this piece, I will examine the latest fundamental data from the EIA as well as draw on additional elements...

Brent crude rose above $63 for the first time in more than seven weeks despite a bearish International Energy Agency ((IEA)) 2019 outlook that was published shortly before the monthly report from the IEA. As usual, that highlighted weak demand and rising non-OPEC supply of some 2.3 million b...

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 ...