USOD News and Press, United States 3x Short Oil Fund From 12/06/19

Gainers:  Velocity 3X Long Crude Oil (NYSEARCA: UWT )  +18.7% . More news on: VelocityShares 3x Long Crude Oil ETN, USCF Funds Trust - United States 3x Oil Fund, ProShares Trust II - ProShares UltraPro 3x Crude Oil ETF, News on ETFs, Stocks on the move, Read more ...

The number of rigs actively drilling in the U.S. posts its seventh straight decline, down by another 3 to 799, according to Baker Hughes' latest weekly survey . More news on: The United States Oil ETF, LP, The United States Natural Gas ETF, LP, VelocityShares 3x Long Natural Gas ETN, Ener...

OPEC and its allies including Russia announce an agreement to cut oil production by an additional 500K bbl/day through the end of March to 1.7M bbl/day. More news on: The United States Oil ETF, LP, Energy Select Sector SPDR ETF, iPath S&P GSCI Crude Oil Total Return Index ETN, Energy...

Cohesion among the group is in the spotlight as OPEC canceled its customary press conference yesterday following an acrimonious meeting in Vienna that ran late into the evening. More news on: The United States Oil ETF, LP, iPath S&P GSCI Crude Oil Total Return Index ETN, VelocityShar...

Original post By Stuart Burns Conventional wisdom has suggested we are headed for a significant oil surplus next year, with some commentators talking about a glut. Even respected industry publications like OilPrice.com headlined "IEA Warns Of A Looming Oil Glut Ahead Of OPEC Meet...

Crude oil ( USO +1.1% ) continues to climb after Russian energy minister Novak said OPEC+ is discussing a larger than expected 500K bbl/day production cut , greater than the 400K-barrel reduction speculated ahead of this week's meeting. More news on: The United States Oil ETF, LP, Ene...

Nigeria seems fully committed to the implementation of its quota as agreed with OPEC+. According to the country's minister for state of petroleum, Nigeria's compliance has improved since August. Production of crude stood close to 1.8 million b/d in October, much lower than the 1.96 million b/d...

Reports out of Vienna suggest OPEC and its allies led by Russia are discussing increasing current cuts of 1.2M barrels per day by more than 400K bpd, as well as extending their agreement from March, to June or later. More news on: The United States Oil ETF, LP, iPath S&P GSCI Crude Oil...

Introduction In a recent article, we discussed the possibility that Saudi Arabia-KSA, the defacto leader of OPEC, might just be tired of " doing most of the heavy lifting " when it comes to production cuts. Particularly, when other members are flouting their obligations and overproducing. It...

Saudi Arabia is threatening to increase oil production unilaterally if some OPEC nations continue to defy existing output cuts, WSJ reports, citing cartel officials. More news on: The United States Oil ETF, LP, iPath S&P GSCI Crude Oil Total Return Index ETN, VelocityShares 3x Long...