ProShares Ultra Bloomberg Crude Oil

UCO provides 2x the daily return of an index of futures contracts of WTI crude.

United States Brent Oil Fund LP

Invesco DB Oil Fund

Direxion Daily S&P Oil & Gas Exp. & Prod. Bull 2X Shares

iShares U.S. Oil & Gas Exploration & Production ETF

VanEck Vectors Oil Services ETF

iPath Pure Beta Crude Oil ETN

Invesco Dynamic Oil & Gas Services ETF

United States Oil Fund LP

SPDR S&P Oil & Gas Exploration & Production ETF

OPEC+ has been trimming oil production since November in a bid to prop up falling prices.

Portfolio manager says OPEC+ alliance could break — sending oil prices down to $35 a barrel

Oil futures rose early Thursday, taking back ground lost the previous session to trade near three-month highs as investors looked for further tightness in global supplies of crude.

Oil prices bounce back toward 3-month highs

It looks like being another positive start for stocks Thursday, after the Federal Reserve's policy decision and accompanying comments gave investors little to be worried about, and Meta Platforms META, +1.39% managed to beat earnings expectations.

Oil will hit $90 a barrel, says Bank of America. That may be a problem for stocks.

WTI crude oil prices surged 1%, recovering from losses, fueled by supply tightness and optimism over Chinese demand, defying economic concerns.

Oil Price Forecast: Higher as China's Economic Revival Spurs Optimistic Outlook

Oil prices rose on Thursday as investors focused on expectations of tighter supplies from top oil producers, helping reverse earlier losses that were driven by worries that the hike in interest rates by the U.S. will hurt demand.

Oil up as supply tightness view offsets concerns from rate hikes

U.S. oil prices settled with a loss on Wednesday for the first time in five trading sessions. Prices held onto their losses after the Federal Reserve raised its benchmark interest rate, as expected.

U.S. oil futures mark first loss in 5 sessions

Oil traders decided to take some profits off the table near multi-month highs.

Natural Gas, WTI Oil, Brent Oil – Oil Pulls Back After EIA Report

UCO has climbed from $22.92 based on the price-at-publication of our 26 June article, to $29.06 at the time of writing. This translates into a 26.8% unrealized gain for us. We maintain a bullish view on WTI crude over the medium term, driven by a resilient U.S. economy, OPEC+ production cuts, and the Biden administration's commitment to replenishing the U.S. Strategic Petroleum Reserve. Our technical playbook for the short term suggests we stay bullish and long UCO, setting a stop loss just under US$76/bbl based on WTI crude.

UCO: Our Technical Playbook For WTI Crude

Crude oil markets have pulled back from major resistance during the trading session on Wednesday, as it looks like we are running into a little bit of short-term exhaustion.

Crude Oil Price Forecast – Crude Oil Markets Pulled Back

Oil futures fell early Wednesday as investors awaited a Federal Reserve policy decision and official data on U.S. inventories of crude and petroleum products.

Oil prices pull back from 3-month highs ahead of Fed decision

WTI crude oil prices eased off highs on rising US crude inventories and Fed rate hike concerns.

Oil Price Forecast: Lower as U.S. Crude Inventories Rise, Fed Rate Hike Looms

Oil prices eased on Wednesday, sliding from three-month highs hit the previous day after industry data showed an expected rise in U.S. crude stockpiles, but losses were capped amid signs of tighter global supply and hopes for China's economic stimulus.

Oil prices ease after build in U.S. crude stockpiles

U.S. oil prices settled Tuesday at their highest since mid-April, ahead of Wednesday's weekly update on domestic petroleum supplies from the Energy Information Administration. “Near-term, the market is going to look at U.S. inventory numbers to see whether they indicate an elevated level of exports, which would indicate how tight Asian markets especially are,” said Michael Lynch, president of Strategic Energy & Economic Research.

U.S. oil futures end at highest since mid-April

Oil prices are moving higher as traders remain focused on China's stimulus measures.

Natural Gas, WTI Oil, Brent Oil – Oil Markets Test New Highs

Crude oil markets continue to see a lot of volatility, but the trading session on Tuesday was rather quiet. Now we are digesting whether or not we can continue to go higher.

Crude Oil Price Forecast – Crude Oil Markets Stagnate

Oil futures ticked slightly higher in early action Tuesday, approaching three-month highs, as investors gauged signs of tightening supply and awaited central bank meetings this week.

Oil prices hover near 3-month highs

US West Texas Intermediate (WTI) crude oil prices gain ground as positive supply signals and Chinese economic reassurances drive optimism.

Oil Price Forecast: Tighter Supply Concerns Amid Confidence in Global Growth

Oil prices edged higher on Tuesday, extending gains from the previous session, as signs of tighter supplies and pledges by Chinese authorities to shore up the world's second-biggest economy lifted sentiment.

Oil prices edge higher on tighter supply, China hopes

U.S. oil prices on Monday ended at their highest in three months, up more than 2%. “The unquenched thirst for summer oil created a snowball effect that has led to a multi-week rally,” said Manish Raj, managing director at Velandera Energy Partners.

U.S. oil futures settle at highest in 3 months

Investment bank Goldman Sachs (NYSE:GS) forecasts the Brent crude price to increase from just above $80 per barrel currently to $86 per barrel by year-end, buoyed by record demand in oil markets.   “We expect pretty sizable deficits in the second half with deficits of almost 2 million barrels per day in the third quarter as demand reaches an all-time high,” Goldman's head of oil research Daan Struyven  said in a recent media interview, as reported by CNBC.

Oil price expected to climb on ‘all-time high' demand: Goldman Sachs

Rising U.S. demand and tight supply provide additional support to oil markets.

Natural Gas, WTI Oil, Brent Oil – Oil Soars On China Stimulus Hopes

Crude oil markets continue to see a lot of choppiness between the 50-Day EMA, and the 200-Day EMA indicators.

Crude Oil Price Forecast – Crude Continues to Trade Between Major EMAs

Drillers and servicers of ocean wells have climbed ahead of the broader market.

Global Hunt for Crude Sends Offshore Oil Stocks Soaring

Oil futures rose early Monday, looking to build on a fourth straight weekly rise on expectations crude supplies will tighten in the second half of the year.

Oil prices rise after 4th straight weekly gain

WTI oil firm amid rate hike anticipation, Brent steady at $80, boosted by supply and Chinese stimulus hopes.

News for ProShares Ultra Bloomberg Crude Oil ETF (UCO)