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

Source: IMO.org IMO 2020, the maritime Sulphur Cap regulation that went into effect January 1st, was once feared to create a shortage of marine fuels, such as diesel and jet, that would also impact the pool of middle distillates worldwide. But no such thing happened. And, in fact, it now a...

The global oil markets continue to fluctuate wildly in a rather narrow range as investors weigh the bullish and bearish developments at hand. With OPEC and its non-OPEC allies finally starting (or supposed to be starting) even deeper production cuts this month, all eyes are pointed in that dir...

Crude oil prices traded flat over the week with Brent crude edging slightly lower to $64.85 per barrel and WTI weakening to $58.54. China was a major focus for traders. On one level, the US-China phase one trade deal injected some optimism into the market, but that was countered by troubling...

Crude futures surged as much as 1.7% overnight amid threats to supply, but have now pared some gains, up 0.5% to $58.86/bbl. 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, Stocks on the move, Energ...

Speaking at the International Petroleum Technology Conference ((IPTC)) in Dhahran, Saudi Arabia, Bahrain’s Oil Minister Sheikh Mohammed bin Khalifa Al Khalifa explained why OPEC+ had to take the decision to intervene in the oil market beginning in 2016. He said it was justified because ...

The recent killing of Iranian General Qassem Soleimani by the U.S. and the subsequent Iranian attack on Iraqi military bases housing U.S. soldiers have once again brought geopolitical risks to the forefront of oil markets. Given the global oil market has been in a deficit and nearly all spare ...

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 62.22s as resistance. This expectatio...

With a new year underway, it’s interesting to get the opportunity to look at how major organizations, like the EIA (Energy Information Administration), see the oil markets changing. Though it’s still early in the year, the EIA’s latest Short-Term Energy Outlook suggests ...

The weekly count of active drilling rigs in the U.S. surges by 15 to 796, wiping out last week's increase of 15, Baker Hughes says in its latest survey . More news on: The United States Oil ETF, LP, The United States Natural Gas ETF, LP, VelocityShares 3x Long Natural Gas ETN, Energy stoc...

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...