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

Oil futures traded lower early Thursday as investors focused on storage data released a day earlier showing a rise in inventories of gasoline and distillates.

Oil lower on rising gasoline, distillate supplies

The miserable first half in financial markets comes to an end on Thursday.

Oil at $55? Why one strategist is betting against the only winning asset class of 2022.

Oil prices were little changed on Thursday as markets weighed a rise in U.S. gasoline and distillate inventories and worries about slower economic growth amid concerns of supply tightness.

Oil prices stable as market weighs fuel stocks build amid supply concerns

Oil futures ended lower on Wednesday, pulling back after posting three consecutive gains, ahead of a meeting of key oil producers Thursday. The Organization of the Petroleum Exporting Countries and their allies, together known as OPEC+, are expected to confirm an existing agreement to boost production in August.

Oil futures end lower after three consecutive session gains

The G7's potential plan to cap Russian energy prices "sounds like a recipe for disaster right now," SEB analyst Bjarne Schieldrop said.

Oil is likely to hit $200 a barrel under the disastrous G7 plan to cap Russian prices, an SEB analyst says

U.S. domestic oil production has finally managed to get to the 12.1 million bpd level.

Oil Price Prediction – Oil Markets Decline As Domestic Production Grows

Crude oil markets have rallied again during the day on Wednesday, as we continue to see the recovery play out.

Crude Oil Price Forecast – Crude Oil Markets Continue to Recover

Oil futures moved higher early Wednesday, with concerns about tight supplies continuing to provide support, analysts said.

Oil trades higher as supply worries provide lift

Prices are up more than 10% since last week because concerns over tight supplies are outweighing fears that a recession may slow demand.

Oil Price Fundamental Daily Forecast – Bulls Focusing on Tight Supplies Ahead of EIA Reports

Oil prices fell on Wednesday after rising in the previous three sessions but losses were limited on the view that global supply tightness will continue as there is limited room for major producers such as Saudi Arabia to boost production.

Oil prices take breather after three-day rally

Checking in on the oil trade … Luke Lango's latest forecast for the crypto market … a “coast to coast” housing correction is coming … a risky setup in public pensions Oil investors have gotten nailed in recent weeks. As you can see below, after having topped $120 a barrel in early June, West Texas.

Is the Oil Trade Done?

Oil futures finished higher for a third consecutive session on Tuesday, with the U.S. crude benchmark settling at its highest price since mid-June. "The easing of China's zero-COVID policy helped oil to the third day of gains following a decent correction in recent weeks," said Craig Erlam, senior market analyst at OANDA.

Oil gains for a third straight session, with U.S. prices at their highest since mid-June

Crude oil markets had a slightly bullish session on Tuesday as we continue to see the market grind a little bit higher.

Crude Oil Price Forecast – Crude Oil Markets Continue to Grind to the Outside

Investors are switching focus from demand worries to supply constraints as top OPEC producers pump close to capacity and Chine lifts COVID curbs.

Oil rises, with WTI topping $110, as supply pressures build and G7 moves ahead on Russian price cap

Oil futures rose Tuesday, lifted as doubts over the ability of Saudi Arabia and the United Arab Emirates to significantly boost output and unrest in Ecuador and Libya put supply worries back in the spotlight.

Oil futures rise as supply fears move back into spotlight

Crude prices are rising for a third session on concern that global supplies are still tight and demand will stay firm.

Oil Prices Extend Gains as China Eases Covid Quarantine Rules

French President Macron told U.S. President Biden on the sidelines of the G7 meeting that the UAE was producing at maximum capacity

Oil Price Fundamental Daily Forecast – Underpinned by Producer Capacity Limits, Political Unrest

UCO is a leveraged ETF that invests in crude futures. It is designed to move two times the price of crude on a daily basis. This is a fund that has done extremely well as oil prices have risen dramatically. In the short-term, it has sold off along with crude. To me, this is a buying opportunity.

UCO: Crude Oil Still Looks Like An Effective Hedge

OPEC+ is scheduled to meet later this week. However, additional output is unlikely as the group is expected to stick to the plan announced last month.

Crude Oil Price Update – Trading Firm as Energy Demand Worries Ease

"You're going to have to replace that gas, and oil is going to be one of the [things] to replace it with," said Goldman's top commodities strategist.

Goldman Sachs sees oil prices rising 22% this summer as Europe eyes switch to crude from gas amid Russian supply cutoff

Oil futures rose on Monday to score a second gain in a row, with the U.S. crude benchmark settling at its highest price in almost a week. Upbeat U.S. economic data helped to ease worries about a potential slowdown in energy demand as the Group of Seven nations was set to announce an agreement to implement a price cap on Russian oil.

Oil futures log a second gain in a row

Crude oil markets initially fell during the Monday session but turned around to show signs of life again. Ultimately, this is a market that looks as if it's in the midst of recovery.

Crude Oil Price Forecast – Crude Oil Markets Continue to Build Momentum

G7 countries will try to develop a mechanism that limits the price of Russian oil, and some traders believe that Russia's response will push oil prices higher.

WTI Oil Price Prediction – Traders React To Discussions Of Price Cap For Russian Oil

Oil futures ticked higher early Monday, as traders monitored talks by Group of Seven nations on additional moves aimed at targeting Russian crude.

Oil ticks higher as G-7 weighs price cap on Russian crude

Crude prices have been wavering between upward pressure from supply constraints and downward pressure from concern that the global economy is weakening.

News for ProShares Ultra Bloomberg Crude Oil ETF (UCO)