OILU News and Press, ProShares UltraPro 3x Crude Oil From 02/24/20

Crude oil futures plunge as worries about the impact of the coronavirus spike, with the number of infections rising outside of China; April WTI -3.8% to $51.35/bbl, April Brent -4% to $56.17/bbl. More news on: The United States Oil ETF, LP, Energy Select Sector SPDR ETF, iPath S&...

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 October 2019. Information from other sources such as the IEA and OPEC is used to provide a short-term outlook for futu...

China will be able to soften the crude oil demand hit from coronavirus after the government reported the lowest number of new cases. (AP/File) Of greater concern is the big drop in demand for oil in China - especially from Russia Crude oil prices recorded their second weekly gain despi...

It took three months for the price of crude oil to rise from just below $51 per barrel on the nearby NYMEX futures contract in early October 2019 to a high of $65.65 on January 8, 2020. The final push to the upside came as tensions between the US and Iran reached a boiling point, which created...

In this article, we examine the significant weekly order flow and market structure developments driving WTI's price action. As noted in last week's WTI Weekly , the primary expectation for this week was for price discovery higher, barring failure of 49.31s as support. This expectation did p...

Oil futures (NYSEARCA: USO ) ended an up week on a downbeat note, pressured by a reported rift in the oil production alliance between Saudi Arabia and Russia, alongside renewed concerns about the potential toll of the coronavirus on energy demand. More news on: The United States Oil ETF,...

The coronavirus is yet to be contained and its impact on the global economy not fully understood. Cases in South Korea, Iran and largely-spared Beijing have been reported. Supply chains are disrupted unevenly among firms. Oil demand is reduced. The Fed is "actively monitoring the situation and...

The count of active drilling rigs in the U.S. rises by 1 to 791 after staying unchanged for three consecutive weeks, Baker Hughes reports 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 ET...

The Saudis' Pyrrhic Victory Over US Shale China's Coronavirus (Covid-19) presents OPEC+ with its biggest challenge when they convene during the first week of March. The crisis has widened political ruptures between the OPEC+ heavyweights Saudi Arabia and Russia. In 4-5 February 2020 the OP...

Welcome to the not much left edition of Oil Markets Daily! Over the coming months, the story that US oil production growth is set to decelerate materially will become mainstream. We are already seeing it in the real-time data with US oil production now falling to ~12.6 mb/d, but this will ...