OILU News and Press, ProShares UltraPro 3x Crude Oil From 11/25/19

We took a brief hiatus from our weekly series Open Insights to update our oil thesis, recently published here , but we're now back to looking at the EIA's Weekly Petroleum Status Report ("WPSR") for the week of November 15, 2019. EIA reported a fourth consecutive build this week to the tune...

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 56.43s as support. In a tale of two ...

US crude inventories rose by 1.8 million barrels despite refinery runs increasing by 519,000 bpd. Oil prices were relatively steady with Brent crude holding above $63 per barrel, near an eight-week high, and WTI finishing above $57 per barrel. The physical spot market is getting tighter ...

The U.S. Energy Information Administration ("EIA") released the most recent Petroleum Balance Sheet for the week ending November 15, 2019: Total Stocks, including the Strategic Petroleum Reserve, dropped by seven million barrels, a significant week-over-week change, especially because last...

The price of nearby NYMEX crude oil futures has traded in a range from $44.35 to $66.60 in 2019. However, the price of the WTI energy commodity futures has not been below the $50 per barrel level since the week of January 7. The price of NYMEX futures hit its high for this year in late April, ...

It's been a traumatic few months in the oil markets with the price of crude influenced by a variety of forces causing substantial volatility. While much ink has been spilled regarding oil market fundamentals and directional calls, I believe that a large-scale switch into outright bullishness i...

The total count of active drilling rigs in the U.S. continues its consistent descent, shedding another 3 rigs to 803 for a fifth straight weekly drop, Baker Hughes says in its latest survey . More news on: The United States Oil ETF, LP, The United States Natural Gas ETF, LP, VelocityShare...

The oil market (NYSEARCA: USO ) is far tighter than many observers assume, and oil prices and energy companies could be set for a bounce , Spencer Jakab writes at WSJ 's Heard On The Street. More news on: The United States Oil ETF, LP, Halliburton Company, Baker Hughes Company, Energy st...

Oil prices are higher following a Reuters report that OPEC and its allies are likely to extend production cuts until mid-2020 when they meet early next month. More news on: The United States Oil ETF, LP, United States Brent Oil Fund, LP, Energy Select Sector SPDR ETF, Commodities news, E...

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...