OILU News and Press, ProShares UltraPro 3x Crude Oil From 11/29/19

By Warren Patterson, Head of Commodities Strategy & Wenyu Yao, Senior Commodities Strategist Crude oil - OPEC+ action needed The oil market is set to return to surplus over the first half of 2020, and so expectations are that prices will weaken over 1H20. We are currently f...

Putting pressure on OPEC+ to avoid a major policy shift, Russian oil companies have proposed not to change their output quotas as part of the current global supply cut deal. More news on: The United States Oil ETF, LP, iPath S&P GSCI Crude Oil Total Return Index ETN, VelocityShares 3...

The crude oil market has been choppy over the past weeks. However, the price has not moved outside of its trading range of $50 to $60 per barrel on the nearby January NYMEX futures contract since mid-September. On September 14, a drone attack on Saudi oil fields temporarily knocked out half of...

The count of U.S. active drilling rigs falls by 1 to 802, but it was enough for the sixth straight drop in the latest Baker Hughes weekly survey . More news on: The United States Oil ETF, LP, The United States Natural Gas ETF, LP, VelocityShares 3x Long Natural Gas ETN, Energy stocks news...

By Scott Bauer More than 55 million travelers have made plans to travel 50 or more miles away from home this Thanksgiving. According to AAA, 2019 will be the second-highest Thanksgiving travel volume on record. But the market never rests, even as we approach the holiday season. The Ameri...

While it's supposed to be "The Most Wonderful Time of the Year," things have been anything but wonderful in the energy sector, including midstream. The Alerian MLP Infrastructure Index (AMZI) hit lows last week on par with levels seen in February 2016 when WTI crude hit a relative bottom at ...

The American Petroleum Institute reportedly shows a build of 3.64M barrels of oil for the week ending Nov. 22. 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 services companies' fees for services and equity values have always been cyclical as oil market conditions ebb and flow. But this time, they are in a secular decline. "The oilfield services industry has fundamentally changed. Companies will no longer be able to generate the high operating ...

Welcome to the global crude edition of Oil Markets Daily! Refining margins are getting obliterated. Tanker rates shot up again last week and refinery run cuts are now expected. So the question becomes, why are physical crude spreads so tight? Brent 1-2 Refining Margins Source...

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...