OILU News and Press, ProShares UltraPro 3x Crude Oil From 03/18/20

Introduction It has become increasingly difficult to make a meaningful energy market forecast as market fundamentals - commodity prices, are changing daily these days. Always to the downside. I had thought when I originally wrote this article for The Daily Drilling Report that we would see...

U.S. crude oil futures (NYSEARCA: USO ) plunge to their lowest since May 2003 , as travel and social lockdowns triggered by the coronavirus pandemic slam demand. More news on: The United States Oil ETF, LP, Energy Select Sector SPDR ETF, iPath S&P GSCI Crude Oil Total Return Inde...

The price action in the crude oil market over recent weeks has been nothing short of carnage. On January 8, as tensions between the US and Iran reached a boiling point, the price of nearby NYMEX crude oil futures rose to a high of $65.65 per barrel. At the same time, the Brent benchmark hit a ...

Originally published March 8 The kingdom has triggered a price war in oil markets. The tactic has worked before, but there are multiple challenges. By abandoning the swing producer model and being seen as triggering a price war in the energy markets, Saudi Arabia is resorting to a game p...

The American Petroleum Institute reportedly shows a draw of 421K barrels of oil for the week ended March 13, breaking a string of seven straight weekly increases. More news on: The United States Oil ETF, LP, iPath S&P GSCI Crude Oil Total Return Index ETN, VelocityShares 3x Long Crud...

Crude oil marks another finish at four-year lows , and analysts say more declines may follow as the coronavirus hurts demand and Saudi Arabia and Russia battle for market share. More news on: The United States Oil ETF, LP, Noble Energy, Inc., SM Energy Company, Energy stocks news, Commo...

Ultimately, any commodity market is managed by supply and demand balance, and not by emotions of its participants. And, from this point of view, I would like to assess the perspective of the oil market after the epochal 178 th OPEC meeting. So, the OPEC+ deal is dead, at least for now. Russ...

Photo Source: REUTERS/Thomas Peter. Bruce Aylward of the World Health Organization (WHO) attends a news conference of the WHO-China Joint Mission on COVID-19 about its investigation of the coronavirus outbreak in Beijing, China, February 24, 2020. Investors were net purchasers of mutual fu...

This article will tackle the big, really new news. Saudi Arabia announced that it will increase oil production from 9.7 million barrels a day to 10 million and then to 12 million if needed. This news alone sent the oil price down 20% - and the whole stock market with it. We understand the ma...

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 ...