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UCO News and Press, ProShares Ultra Bloomberg Crude Oil From 06/03/24

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Company Name: ProShares Ultra Bloomberg Crude Oil
Stock Symbol: UCO
Market: NYSE

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UCO - Oil prices hit four-month lows; U.S. buys another 3M barrels for strategic reserve

2024-06-03 20:00:13 ET More on crude oil Short-Term Energy Outlook, May 2024 The Quandary In The Markets And Navigating Concerns Of Stagflation Global Oil Market: We Are Potentially Weeks Away From Moment Of Truth Read the full article on Seeking Alpha ...

UCO - OPEC+ Extends Cuts

2024-06-03 15:10:00 ET Summary OPEC+ members met over the weekend to discuss production policy for the remainder of this year and 2025. ICE Brent is down more than 10% from its April highs, despite OPEC+ withholding a significant amount of oil from the market. In theory, the u...

UCO - Energy stocks sink as OPEC+ plans to begin phasing out voluntary cuts this year

2024-06-03 12:20:38 ET More on energy stocks LNG Exports And Natural Gas Dynamics XLE: Double Digit Dividend Growth Should Be Sustainable Transitioning: Mining, Minerals And Sustainable Developments Read the full article on Seeking Alpha For further d...

UCO - Oil Update - May 2024

2024-06-01 00:25:00 ET Summary My expectation for West Texas Intermediate (WTI) oil prices for June is unchanged from May. That is, WTI should range from $75 to $95 per barrel. WTI is hovering around $77.25 per barrel, which is slightly below my narrower range. I expect WTI prices...

UCO - Weak U.S. gasoline demand could strengthen case for OPEC+ to extend supply cuts

2024-05-31 18:50:05 ET Crude oil futures fell for the day and the week, ahead of the OPEC+ weekend meeting where the group is widely expected to keep production cuts in place after Q2. "Softening fundamentals have narrowed the group's decision to one main focus: how long to extend the...

UCO - U.S. oil and gas rig count holds steady in latest Baker Hughes report

2024-05-31 14:10:14 ET More on crude oil Tensions In The Middle East Likely To Bode Well For Oil Bulls U.S. Oil Fund: Time To Take Profits USO: Oil At A Six-Month High And Trending Higher Read the full article on Seeking Alpha For further details see:...

UCO - AI Stocks, ETF Picks, And The Case For $5K Gold And $200K Bitcoin

2024-05-31 11:50:00 ET Summary Michael Lee, financial services industry veteran and founder of Michael Lee Strategy, discusses the outlook for stocks, gold, and cryptocurrencies. Michael thinks the economy will avoid recession, even as inflation remains sticky, and that this shoul...

UCO - OPEC+ considering extending some production cuts into 2025 - report

2024-05-30 18:45:16 ET More on crude oil and gasoline Global Oil Market: We Are Potentially Weeks Away From Moment Of Truth Tensions In The Middle East Likely To Bode Well For Oil Bulls The Driving Season Approaches: UGA Rises And Falls With Gasoline Read t...

UCO - Crude inventory decreased by 4.2M barrels for week ended May 24 - EIA

2024-05-30 11:04:20 ET More on Crude Oil Short-Term Energy Outlook, May 2024 The Quandary In The Markets And Navigating Concerns Of Stagflation Global Oil Market: We Are Potentially Weeks Away From Moment Of Truth Goldman Sachs is ‘selectively bullish&...

UCO - Goldman Sachs is 'selectively bullish' on commodities, spotlighting copper, gold, and oil

2024-05-30 09:29:20 ET More on Commodities Crude oil slips as worries set in over U.S. gasoline demand We Are Close To A Bottom In Oil Prices Strong Global Gold Demand Will Propel Gold Higher Gold slides as Treasury yields rise; traders await Fed's favorite i...

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