OILU News and Press, ProShares UltraPro 3x Crude Oil From 02/28/20

The U.S. benchmark oil price (NYSEARCA: USO ) plunged 16% in its largest weekly decline since December 2008 , as the spread of the coronavirus stokes fears of slowing global demand. More news on: The United States Oil ETF, LP, Energy Select Sector SPDR ETF, iPath S&P GSCI Crude Oil To...

The count of active drilling rigs in the U.S. falls by 1 to 790, remaining virtually flat the past five weeks, according to the latest report 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, Ene...

The S&P 500 energy sector ( XLE -1.3% ) has climbed off its lows of the day but remains firmly in the red, extending its dismal YTD run as the market's weakest sector with a 23% drop since the end of 2019. More news on: Energy Select Sector SPDR ETF, HollyFrontier Corporation, Marath...

Even if OPEC slashes production by 600K barrels per day, the price of oil "could still be weak in March and April, before it improves in the summer," said Kang Wu, head of Asia analytics at S&P Global Platts. More news on: The United States Oil ETF, LP, iPath S&P GSCI Crude Oil T...

U.S. crude oil (NYSEARCA: USO ) tumbles to its lowest price in more than a year after hundreds of new coronavirus cases were reported in Asia, Europe and the Middle East, adding to fears of weaker energy demand. More news on: The United States Oil ETF, LP, Energy Select Sector SPDR ...

The American Petroleum Institute reportedly shows a build of 1.3M barrels of oil for the week ending Feb. 21, the fifth consecutive weekly build. 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...

The energy sector ( XLE -4.8% ) is again the day's weakest performer, as crude oil tumbles for a third session on concerns about the spread of the coronavirus outside China and the potential impact on oil demand. More news on: Energy Select Sector SPDR ETF, Exxon Mobil Corporation, Occ...

We took a brief hiatus from our weekly series Open Insights to update our oil thesis, but we're back now back to looking at the EIA's Weekly Petroleum Status Report ("WPSR") for the week of February 24, 2020. EIA reported a crude build of 0.4M barrels, about 2M barrels less than the five-yea...

OPEC and its allied oil-producing nations are still working to rebalance global crude markets amid speculation of tensions in the alliance over whether to cut output further. More news on: The United States Oil ETF, LP, iPath S&P GSCI Crude Oil Total Return Index ETN, VelocityShares 3x...

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&...