OILU News and Press, ProShares UltraPro 3x Crude Oil From 12/09/19

The new government statistics are out. September marked the first month that U.S. exports of crude oil, and petroleum products, surpassed imports since the government started recording the data in 1949. This is a milestone, as the United States is energy independent for the first time in 70 ye...

In this article, we examine the significant weekly order flow and market structure developments driving WTI's price action. As noted in last week's WTI Weekly , the primary expectation for this week was for price discovery lower, barring failure of 58.30s as resistance. This expectation did...

The over-compliance will result in cuts of 1.7 million bpd. Brent crude rose above $64 per barrel after OPEC+ producers unanimously agreed to deepen output cuts by 503,000 barrels per day (bpd) to a total of 1.7 million bpd till the end of the first quarter of 2020. The breakdown is that...

The crude oil that comes from producing nations around the globe has different properties. Lighter sweeter crude oil has a lower sulfur content and is more appropriate for processing into gasoline. Brent crude oil that has higher levels of sulfur and is heavier is a better grade when it comes ...

OPEC issued a press release on December 6th that stated: The 7th OPEC and non-OPEC Ministerial Meeting, hereby decided for an additional adjustment of 500 tb/d to the adjustment levels as agreed at the 175th Meeting of the OPEC Conference and 5th OPEC and non-OPEC Ministerial Meeting. The...

Gainers:  Velocity 3X Long Crude Oil (NYSEARCA: UWT )  +18.7% . More news on: VelocityShares 3x Long Crude Oil ETN, USCF Funds Trust - United States 3x Oil Fund, ProShares Trust II - ProShares UltraPro 3x Crude Oil ETF, News on ETFs, Stocks on the move, Read more ...

The number of rigs actively drilling in the U.S. posts its seventh straight decline, down by another 3 to 799, according to Baker Hughes' latest weekly survey . More news on: The United States Oil ETF, LP, The United States Natural Gas ETF, LP, VelocityShares 3x Long Natural Gas ETN, Ener...

OPEC and its allies including Russia announce an agreement to cut oil production by an additional 500K bbl/day through the end of March to 1.7M bbl/day. 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...

Cohesion among the group is in the spotlight as OPEC canceled its customary press conference yesterday following an acrimonious meeting in Vienna that ran late into the evening. More news on: The United States Oil ETF, LP, iPath S&P GSCI Crude Oil Total Return Index ETN, VelocityShar...

Original post By Stuart Burns Conventional wisdom has suggested we are headed for a significant oil surplus next year, with some commentators talking about a glut. Even respected industry publications like OilPrice.com headlined "IEA Warns Of A Looming Oil Glut Ahead Of OPEC Meet...