OILU News and Press, ProShares UltraPro 3x Crude Oil From 12/31/19

Oil prices turn sharply lower even amid today's attack on the U.S. Embassy in Iraq , which Pres. Trump is blaming on Iranian-backed protesters; February WTI -1.3% to $60.86/bbl, March Brent -1.4% to $65.73/bbl. More news on: The United States Oil ETF, LP, Energy Select Sector S...

Crude oil prices (NYSEARCA: USO ) climb to three-month highs and the best levels since the mid-September attack on Saudi oilfields, supported by optimism over an expected U.S.-China trade deal and last week's surprisingly large drawdown in U.S. stockpiles; February WTI  +0.5% to $6...

"The capital markets for oil and gas remain extremely difficult." The Dallas Fed's Fourth Quarter Energy Survey , released today, portrays an industry that is turning increasingly somber. The data is based on responses of executives (names are not disclosed) of 170 energy companies - 111 ...

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 lower, barring failure of 61.40s as resistance. This expectatio...

The number of active drilling rigs in the U.S. falls by 8 to 805, resuming its decline after jumping by 14 last week to 813, Baker Hughes reports in its latest weekly survey . More news on: The United States Oil ETF, LP, The United States Natural Gas ETF, LP, VelocityShares 3x Long Natura...

Introduction: The Contrarian Approach These days it's very common to read or write about investment themes and ideas that might play out nicely in the coming year. And, although it makes little sense to draw a line between the year that is ending and the one that is about to begin, as if a...

Saudi Arabia and Kuwait confirm an agreement to resume oil production in a shared border region that can produce 500K bbl/day. More news on: Chevron Corporation, The United States Oil ETF, LP, iPath S&P GSCI Crude Oil Total Return Index ETN, Energy stocks news, Commodities news, News...

Welcome to the outage edition of Oil Markets Daily! "If it looks like a duck, swims like a duck, and quacks like a duck, then it probably is a duck." Following the attack on Saudi Arabia's oil facility, Abqaiq, in September, Saudi immediately reassured the market that it is the most ...

Oil continued its upward momentum for the third consecutive week and rose to its highest level in six months. Brent crude advanced to $66.14 per barrel and WTI reached $60.44 per barrel. According to Baker Hughes data, the US oil rig count saw an increase of 18 rigs, the first double-digit g...

A Seeking Alpha reader asked me to comment upon a lengthy thesis that the oil market is about to make a regime change from a “regime of abundance” to a “return to scarcity.” And so the value of oil exploration and production (“E&P”) equities woul...