OILU News and Press, ProShares UltraPro 3x Crude Oil From 07/18/22

We have been cautious since June, but following the recent pullback in energy equities, we are fully invested again. For energy investors, China's oil demand, OECD oil demand, and 4 other factors will be the key drivers of the oil market going forward. Under our base case, we have...

The latest oil price volatility has everyone scratching their heads. Without any real fundamental changes to the market, why have oil prices fallen so much? We believe the market is trying to test just how low oil prices could go before demand starts to rebound. We think that ...

ProShares UltraShort Bloomberg Natural Gas ( NYSEARCA: KOLD ) +84% . MicroSectorsTM Oil & Gas Exploration & Production -3X Inverse Leveraged ETNs ( NYSEARCA: OILD ) +65% . Direxion Daily Semiconductor 3x Bear Shares ETF ( NYSEARCA: SOXS ...

U.S. implied oil demand continues to disappoint. We believe the market has figured out the "upper band" of where oil prices can go. Over the summer, crude should remain in a range, while refining margins fall. If demand improves, we could see crude move higher to $130/$135. But th...

Energy stocks are getting beaten up! What gives? In our view, the market shifted following the Fed rate hike announcement. The market now believes the Fed will be successful in fending off inflation. But as we all know, the Fed doesn't print commodities, so the structural oil supp...

Gainers: BMO MicroSectors U.S. Big Oil Index -3X Inverse Leveraged ETN (NRGD) +69%. ProShares Trust II - ProShares UltraPro 3x Short Crude Oil ETF (OILD) +67%. Direxion Daily S&P Oil & Gas Exp. & Prod. Bear 2x Shares ETF (DRIP) +52%. ProShares Trust II - ProShares UltraShort Bloom...

It seems that the large banks always forecast oil prices to go to the extreme of their current trends. We expect that a combination of demand destruction and growing supply will help moderate prices. We also expect the Russia-Ukraine War to quiet down in the coming months as Russi...

DRIP is a double-short oil ETF. But its Index does not match 2X returns of the nearby NYMEX futures contract nor SCO, another double-short ETF. Holding the ETF long-term would have been a disaster. But it can be useful short-term, such as Oct-Dec 2018, Jan-Mar 2020. And an...

We are entering a tough macro environment. Oil demand is starting to show signs of weakness. Refining margins are likely to fall over the summer with nearly ~5 million b/d of additional refinery throughput. If refining margins fall, and if oil demand is decent, then crude has ...

SCO is a double-short oil ETF. But its Index does not match 2X returns of the nearby NYMEX futures contract. Holding the ETF long-term would have been a disaster. But it can be useful short-term. I provide examples how I have used it. For further details see: SCO...