OILU News and Press, ProShares UltraPro 3x Crude Oil From 01/03/20

Oil prices "will likely hold" around $70 a barrel, "but could make a run at $80 if the conflict spreads to the oil fields of southern Iraq or if Iranian harassment of commercial shipping intensifies," analysts at Eurasia Group wrote in a research note. More news on: The United States Oil...

The stock market selloff is deepening after the U.S. took out one of the most senior and revered generals in Iran, Qassem Soleimani (top Iraqi paramilitary commander Abu Mahdi al-Mohandes was also killed). More news on: SPDR Dow Jones Industrial Average ETF, SPDR S&P 500 Trust ETF, I...

Welcome to the EIA 914 edition of Oil Markets Daily! EIA 914 came out on Tuesday and was smack in line with our estimate of ~12.65 mb/d. One thing we find reassuring so far this year is that our estimate of US oil production has been the least surprising variable . This gives us comfo...

By OVI All of the oil production data for the US states comes from the EIAʼs Petroleum Supply Monthly. In addition, information from other EIA offices is provided to project future US output. At the end, an estimate is made for the decline rate in the L48 conventional oil fields a...

Crude oil prices wobbled between gains and losses before settling with slight gains to start the new year, as improving U.S.-China trade relations and rising Middle East tensions offset a rising U.S. dollar. More news on: The United States Oil ETF, LP, Energy Select Sector SPDR ETF, iPat...

Chances are, as a consumer, you probably notice changes in energy prices when it comes time to pay the bills. Whether it's the utilities at your house or gasoline for your car, changes in commodity prices ultimately affect your pocketbook. While energy prices can be governed by a number of fac...

By Stecyk For the next month, I have increased my West Texas Intermediate oil price forecast by $2.50 to range between $55 and $65 a barrel. With phase one of the US-China trade deal now out of the way and OPEC+ announcing a cutback to production, oil prices rose slightly more than I e...

The American Petroleum Institute reportedly shows a draw of 7.8M barrels of oil for the week ending Dec. 27. 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, News ...

WTI February crude oil (NYSEARCA: USO ) finished -1% at $61.06/bbl but still jumped 11% for the month and 34% for the year, their largest annual gain since 2016 when the U.S. benchmark surged 45%. More news on: The United States Oil ETF, LP, Energy Select Sector SPDR ETF, iPath S&P...

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...