OILU News and Press, ProShares UltraPro 3x Crude Oil From 01/30/20

Last Tuesday, the Energy Information Administration ((EIA)) predicted that shale oil production in February will hit an all-time record . One thing it didn't mention: I left out the predictions for January and February, and the latest actual is December. Yes, shale oil output is growin...

The price of crude oil took the stairs to the upside from early October until January 8. The price rose from just above $50 per barrel to 95 cents below the 2018 high of $66.60 as tensions rose to a boiling point between the US and Iran. Since then, the price has been on an elevator ride to th...

Welcome to the return of the Alaska ridge edition of Natural Gas Daily! Finally, the weather models all seem to be agreeing on the incoming weather pattern. Source: WeatherModels.com This 15-day outlook captures the incoming set-up well with a massive ridge development in Alaska, whi...

The American Petroleum Institute reportedly shows a draw of 4.27M barrels of oil for the week ending Jan. 24. 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...

Note: We wanted to take the time to applaud Johnny Cage (subscriber) for his work so far on the fracspread and modeling! Great job and keep it up! Over the last few months, the shale slowdown narrative is gaining steam but it has not made it into the big agencies' supply and demand forecas...

By Ovi Below are a number of oil (C + C ) production charts for Non-OPEC countries created from data provided by the EIA's International Energy Statistics and updated to September 2019. Information from other sources such as the IEA and OPEC is used to provide a short-term outlook for fu...

Because of copious US shale oil supplies, the West African crude oil market continues to struggle with the ripple effects of the Atlantic basin being awash in crude oil availability. (File/AP) Crude oil prices deteriorated sharply over the week, with Brent crude falling to $60.69 per barre...

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 higher, barring failure of 57.59s as resistance. This expectati...

Crude oil has a habit of taking the stairs higher and an elevator to the downside when it comes to the price action in the energy commodity. In early October 2019, the price of nearby NYMEX WTI futures fell to a low of $50.99 per barrel, which was the low end of the trading range for most of l...

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...