OILU News and Press, ProShares UltraPro 3x Crude Oil From 02/03/20

With crude trading near $51 a barrel - after a slump of about 16% in January - OPEC and its allies are considering calling an emergency meeting. 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, News on...

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 analysis of a few different EIA reports is undertaken. The charts below ...

In April 2019, the price of crude oil rose to its high for last year when the price reached $66.60 per barrel. The move to the upside was impressive, as the energy commodity traded to a low of $42.36 per barrel in December 2018 on the active month NYMEX futures contract. While crude oil rallie...

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 55.97s as resistance. This expectatio...

My last month's forecast of $55 to $65 a barrel was violated on both ends. The upper end was pierced during the US-Iran conflict. And, as we are currently experiencing, oil prices have fallen through the lower end because of the coronavirus, 2019-nCoV. Offsetting the coronavirus is the Libya...

The S&P energy sector (NYSEARCA: XLE ) plunged 11% in January , by far the weakest performance of the 11 groups in S&P 500, which fell 0.2% after today's selloff. More news on: Energy Select Sector SPDR ETF, Apache Corporation, Exxon Mobil Corporation, News on ETFs, Read more ...

Welcome to the EIA 914 edition of the Oil Markets Daily! US oil production came in at ~12.88 mb/d according to the latest EIA 914, which was ~100k b/d higher than our preliminary estimate of ~12.75 to ~12.8 mb/d. The higher production came primarily from a jump in the Gulf of Mexico produc...

The count of active drilling rigs in the U.S. fell by 4 to 790, following last week's loss of 2 rigs, Baker Hughes says in its latest weekly survey . More news on: The United States Oil ETF, LP, The United States Natural Gas ETF, LP, VelocityShares 3x Long Natural Gas ETN, Energy stocks n...

Crude oil futures fell more than 2% amid growing worries over the potential economic impact from the continued spread of the coronavirus. More news on: The United States Oil ETF, LP, Energy Select Sector SPDR ETF, iPath S&P GSCI Crude Oil Total Return Index ETN, Commodities news, En...

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...