OILU News and Press, ProShares UltraPro 3x Crude Oil From 01/24/20

The count of active drilling rigs in the U.S. fell by 2 to 794, following last week's increase of 15, according to the latest survey from Baker Hughes. More news on: The United States Oil ETF, LP, The United States Natural Gas ETF, LP, VelocityShares 3x Long Natural Gas ETN, Energy stock...

Crude oil ( USO -2.7% ) trades at its lowest levels since early November and on track for its worst week since May , as the coronavirus outbreak continues to pressure prices. More news on: The United States Oil ETF, LP, Energy Select Sector SPDR ETF, Concho Resources Inc., Energy stocks...

The energy sector ( XLE -1.1% ) is today's weakest performing group in a broader market that trades modestly lower, as the spread of the coronavirus from China sparks worries of reduced fuel demand and weaker economic growth. More news on: Energy Select Sector SPDR ETF, Marathon Oil Co...

Last year was a banner time for both the stock market and the price of crude oil. Equity prices roared higher with gains of over 22% in the DJIA, almost 29% in the S&P 500 index, and over 35% in the tech-heavy NASDAQ. Meanwhile, the price of NYMEX crude oil futures rose by 34.5%, and Brent...

Over the past ten years, the energy sector provided investors the worst return of the primary sectors. It gained just 6%, compared to 335% by the technology sector. The S&P 500 returned 190% over the same period. The SPDR S&P Oil & Gas Exploration & Production ETF ( XOP ) clo...

The American Petroleum Institute reportedly shows a build of 1.57M barrels of oil for the week ending Jan. 17. 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, New...

The outbreak of the deadly coronavirus from China likely will provide a "negative shock" to oil markets globally, with aviation fuel suffering most, according to Goldman Sachs in predicting a nearly $3/bbl impact on oil prices . More news on: The United States Oil ETF, LP, iPath S&P G...

The energy sector ( XLE -0.7% ) is the only S&P sector currently trading in the red, pressured by concerns that the coronavirus outbreak in China will cause people to reduce their travel plans, which would mean lower demand for oil. More news on: Energy Select Sector SPDR ETF, Baker ...

Over the course of 2019, the ProShares UltraPro 3x Crude Oil ETF ( OILU ) delivered a phenomenal 64% return for shareholders, in line with an overall rally in crude oil. It is my belief that in the coming months there is a very good chance that OILU will repeat this performance with another st...

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...