OILU News and Press, ProShares UltraPro 3x Crude Oil From 03/21/20

By OpenMarkets At A Glance Many large sovereign wealth funds must find ways to repatriate money as oil prices sink. The recent oil price war between Saudi Arabia and Russia has had ancillary effects in energy markets and beyond. Jack Bouroudjian looks at three problems associate...

The two benchmarks in the crude oil market are the Brent and WTI or West Texas Intermediate prices. Brent crude oil's price reflects the energy commodity produced in Europe, Africa, and the Middle East. The WTI price is the standard for crude oil that comes from the crust of the earth in North...

Saudi Arabia and Russia decided to wage an oil price war, and it is clear that American shale producers are the target. The Russian position was that it had supported output cuts for more than three years, and shale production has seized market share as a result. Saudi Arabia's aggressive po...

The Widespread Oil Storage Glut Everyone Is Talking About Won't Happen And Here's Why - OMF 3/20 With the coronavirus fears worsening and analysts cutting global oil demand by as much as ~20 mb/d now, analysts now fear that there will be a storage glut so big that oil prices could fall to $5...

The count of active U.S. drilling rigs in the U.S. falls by 20 to 772, Baker Hughes says in its latest weekly report . 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, Commodities news, News on ...

The outbreak of Coronavirus created demand destruction in the oil market. Throughout 2019 and into 2020, shares energy-related companies lagged both the crude oil and stock markets. The weak performance in the sector turned out to be a harbinger of lower prices for the price of crude oil. In e...

Despite the best day ever for crude on Thursday, which saw futures soar 24% , oil traders are struggling to navigate one of the biggest oil crashes in history, writes Bloomberg's Catherine Ngai . More news on: The United States Oil ETF, LP, iPath S&P GSCI Crude Oil Total Return Index...

Welcome to the it won't last edition of Oil Markets Daily! Whether it's the senators stepping in to tell President Trump that oil prices are too low or Trump now acknowledging that low oil prices are hurting shale producers, the price war won't last from even the Saudi or Russia angle eit...

At the time of writing, the iPath S&P GSCI Crude Oil Total Return Index ETN ( OIL ) is taking a beating, with shares down over 14% during the trading day. While this selloff is very traumatic and extends the year-to-date losses to well over 50% in the ETN, I believe that investors should s...

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...