OILU News and Press, ProShares UltraPro 3x Crude Oil From 03/16/20

Crude oil prices (NYSEARCA: USO ) plummet below $30/bbl , heading for another four-year low amid expectations of a worsening glut due to the coronavirus and the Saudi-Russia price war; April WTI -8.2 to $29.11/bbl, May Brent -11% to $30.13/bbl after piercing below $30/bbl a short while ...

Brent crude oil popped nearly 6% after the Fed slashed its Fed Funds rate to 0.0%-0.25% and launched a new $700B QE program, but the gain quickly evaporated, with futures now -5.3% to $32.06/bbl; WTI -4.8% to $30.19/bbl. More news on: The United States Oil ETF, LP, Energy Select Sect...

As forecast last week, the spread of COVID-19 has generated severe financial market volatility, which was substantially worsened by the breakdown in production discipline within the global energy market, reflecting the stand-off between Russia and Saudi Arabia. This has triggered further sev...

By Rob Waldner, Chief Strategist and Head of Macro Research, Invesco Fixed Income A fundamentals-driven correction that may take some time to resolve. Macro impact The spread of the coronavirus globally has continued unabated in recent weeks. The combination of "business as usual" ...

By Bassel Khatoun, Managing Director, Director of Research, Director of Portfolio Management, Frontier and MENA, Franklin Templeton Emerging Markets Equity Falling oil prices can be a double-edged sword in terms of economic impact: welcomed by consumers, but not by producers. Franklin Temp...

The count of active U.S. drilling rigs in the U.S. falls by 1 to 792, according to the latest weekly 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, Energy stocks news, News on ETFs, ...

Crude oil surrenders big earlier gains after Pres. Trump declared a national emergency over the coronavirus outbreak. 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...

OPEC+ The driving force behind the initial drop in oil prices was the spread of Covid-19 in China and, eventually, into other parts of the world. Lower energy demand cut the price of oil, placing the petro-economies of OPEC+ on high alert. Supply reductions were expected. This would suppor...

Carnage and Armageddon are the appropriate descriptions for the events that transpired in the crude oil futures market in the aftermath of the May 6 OPEC meeting. Crude oil equities had been flashing a warning signal for more than one year. The prices of oil-related companies lagged crude oi...

Despite a 3% rise this morning to $32/64.bbl, crude oil is set to record a nearly 21% drop this week, marking the worst week since the financial crisis (its down almost 50% YTD). More news on: Marathon Oil Corporation, Pioneer Natural Resources Company, Apache Corporation, News on ET...