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 fell by nearly 5% on Thursday as concerns over a potential slowdown in energy demand following downbeat U.S. economic data contributed to a drop in prices to their lowest settlement since July. Data released Thursday showed that U.S. industrial output fell 0.6% in October, builder confidence in November fell to its lowest since December 2022, and while the Philadelphia Fed said its gauge of regional business activity improved in November, it remained in contractionary territory.

Oil prices settle at their lowest since July

Spot global crude oil futures traded at a discount to longer-dated contracts this week for the first time in four months, a signal that traders believe the market has become oversupplied and inventories are poised to build.

Oil futures spreads signal market moving toward oversupply

The U.S. on Thursday extended through May 16 a license allowing four oilfield service firms to maintain their current assets in Venezuela, while restricting what services they can perform in the country.

US renews license to oil service firms in Venezuela on same terms

Rising U.S. crude inventories served as an additional bearish catalyst for the oil markets.

Natural Gas, WTI Oil, Brent Oil Forecasts – Oil Dives 5% On Demand Concerns

Oil prices plunged from over $95 to below $75 on the NYMEX futures contract. The U.S. administration's target buying zone for crude oil is at or below $67 to $72 per barrel. The OPEC+ meeting in late November may result in production cuts due to economic concerns and geopolitical tensions.

UCO: Consider This ETF As Oil Prices Come Under Pressure

Oil prices plummeted on Thursday as traders took in higher US inventories and waning demand in China. The US crude inventories jumped by 3.6 million barrels last week, the EIA said Wednesday.

Oil prices plunge as US inventories jump and worries build over China demand

The U.S. reported that crude inventories rose by 3.6 million barrels last week while production held steady at a record 13.2 million barrels per day.

U.S. crude prices fall nearly 4% as inventories rise

The crude oil market fell slightly during the opening hours on Thursday, but also has shown a bit of resiliency.

Crude Oil Price Forecast – Crude Oil Markets Dropped Slightly to Kick Off Thursday Session

Oil futures edged lower early Thursday, feeling continued pressure after data released during the previous session showed a sharp rise in U.S. crude inventories over the past two weeks.

Oil prices extend decline after further rise in U.S. crude inventories

A look at the day ahead in U.S. and global markets from Mike Dolan

Morning Bid: Ebbing oil sustains inflation, retail glow

Norwegian oil and gas companies plan to invest more in 2023 and 2024 than previously thought as inflation drives up the cost of field developments, a national statistics office (SSB) survey showed on Thursday.

Norway oil companies face higher investment costs due inflation

Brent and WTI crude prices fall due to increased U.S. supply and uncertain demand from China.

Oil Prices Forecast: Rising US Supply Clashes With China's Demand Woes

Oil prices dropped on Thursday, extending losses from the previous session, as signals of higher supply from the United States met worries about lackluster energy demand from Asia.

Oil prices dip on US crude build, Asia demand worries

U.S. oil futures settled lower on Wednesday for the first time in five sessions after the Energy Information Administration reported a more than 17 million-barrel climb in U.S. commercial crude inventories for the two-week period ending Nov. 10. Meanwhile, domestic oil production holding steady at a record high 13.2 million barrels per day and a near 2 million-barrel rise in crude stocks at the Cushing, Okla.

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

U.S. oil inventories increased by 3.6 million barrels in the week ended Nov. 10, above forecasts calling for a rise of 800,000 barrels.

U.S. Crude-Oil Inventories Rise by 3.6 Million Barrels

The strong economic data from China did not provide support to oil markets today.

Natural Gas, WTI Oil, Brent Oil Forecasts – Oil Retreats On Demand Concerns

U.S. crude oil stockpiles jumped last week, while gasoline inventories posted a surprise draw as refineries picked up runs amid seasonally strong demand, the Energy Information Administration said on Wednesday.

US crude stockpiles rise, fuel draws down last week - EIA

The Energy Information Administration on Wednesday reported that U.S. commercial crude inventories rose by 3.6 million barrels for the week ended Nov. 10 to total 439.4 million barrels. The government agency had delayed last week's data due to a systems upgrade and reported on Wednesday a commercial crude supply total of 435.8 million barrels for the week ended Nov. 3.

EIA reports gain in U.S. crude supplies last week

The report showed that gasoline inventories declined for two consecutive weeks.

WTI Oil Rebounds From Session Lows As Gasoline Inventories Fall

Crude oil markets have fallen during the trading session on Wednesday, as the market continues to see a lot of questions about the economy.

Crude Oil Price Forecast – Crude Oil Markets Fall

Oil futures lost ground Wednesday as investors awaited a double dose of U.S. data on petroleum supplies.

Oil prices edge lower ahead of data on U.S. crude supplies

Bullish oil market outlook persists despite potential 2024 surplus, reflecting strategic OPEC production decisions and inventory changes.

Oil Prices Forecast: WTI, Brent Underpinned by Weaker Dollar

U.S. oil pipeline and export terminal operators are stepping up quality checks after finding an out-of-specification cargo that raised worries of excess metals contaminating Texas shale oil, operators and sources said.

Texas crude quality checks rise after excess metal found in oil export

Global oil markets are expected to be fairly balanced with a slight surplus next year as demand and non-OPEC supply growth are exceeding expectations, the global head of research at Vitol (VITOLV.UL) said on Wednesday.

Global oil markets to be fairly balanced in 2024 - Vitol

Oil prices rose in early Asian trade on Wednesday on Middle East tensions and a weaker dollar, while investors focused on inventory data after a two week delay in reporting.

News for ProShares Ultra Bloomberg Crude Oil ETF (UCO)