OILU News and Press, ProShares UltraPro 3x Crude Oil From 01/17/20

All OPEC data for the charts below are from the OPEC Monthly Oil Market Report . OPEC crude oil production continued to slide in December. OPEC production was down 161,000 barrels per day in December, but that was after November production had been revised upward by 54,000 barrels per day...

Crude oil climbed more than 1% today, rebounding from their lowest levels in more than a month, as the signing of the U.S.-China trade deal lifts prospects for energy demand . More news on: The United States Oil ETF, LP, United States Brent Oil Fund, LP, Energy Select Sector SPDR ETF, ...

"Today's market, where non-OPEC production is rising strongly and OECD stocks are 9M barrels above the five-year average, provides a solid base from which to react to any escalation in geopolitical tension," the IEA said in its monthly report. More news on: The United States Oil ETF, LP,...

U.S. crude oil (NYSEARCA: USO ) fell as much as 1.2% to its lowest price levels in more than a month, after the latest weekly U.S. government data showed big increases in gasoline and distillates inventories, although crude stockpiles posted a larger than expected draw. More news on: The...

With growth capital spending likely having peaked, midstream is flipping the page from rapid growth towards a mode of cash-flow harvesting and more measured growth. The benefit of lower spending and the cash flows coming from recently completed projects is greater free cash flow. Investors cou...

Oil prices have already spiked to $70 this year because of rising tensions around Iran, a reminder of the volatility that nobody wants to see become the norm in 2020. While last year the oil price moved in a fairly narrow range, upstream energy industry investment has been lacking almost eve...

Commodities are volatile global assets. It is not uncommon for the price of a raw material to double, triple, or halve in value over a short period. Crude oil is one of the most closely watched commodities that trade on futures exchanges. From the 1970s through the early 1900s, issues in the M...

Apache Corporation ( APA ) is an independent energy company that explores, develops, and produces natural gas, natural gas liquids, and crude oil around the world. The company has operations in onshore assets in the Permian Basin as well as in the Midcontinent/Gulf Coast regions and offshore a...

China reportedly has pledged to buy $50B more in U.S. energy supplies and raise U.S. agriculture purchases by $32B over two years as part of the upcoming phase one trade deal, but commodity traders and analysts are struggling to figure out how China will fulfill such sizeable commitment...

U.S. oil production growth should slow over the next five years, likely causing big companies to "gobble up" smaller shale oil producers , Schlumberger (NYSE: SLB ) non-executive chairman and shale pioneer Mark Papa tells Reuters. More news on: Schlumberger Limited, The United States Oil ...