ProShares Ultra Bloomberg Crude Oil

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

Crude oil prices have turned higher and could potentially reach triple digits, with a technical breakout indicating higher prices. The US Strategic Petroleum Reserve (SPR) is at a four-decade low, limiting the administration's ability to combat rising oil prices. Factors such as production cuts by Saudi Arabia, the war in Ukraine, and declining inventories support higher oil prices in the coming weeks.

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WTI oil declined towards the $82 level as traders waited for additional catalysts.

Natural Gas, WTI Oil, Brent Oil – Oil Pulls Back As Traders Take Profits Near Multi-Month Highs

Oil prices jumped to the highest level in months on Monday days after Saudi Arabia announced that it would extended production cuts for another month.

Oil prices surge again, sparking inflation reboot fears

The recent extension of production cuts from Saudi Arabia and Russia may push WTI oil towards the $85 level.

WTI Oil May Test Yearly Highs Soon

America faces a familiar foe in its fight against inflation, with crude prices up more than 18% over the past month.

Rising Oil Prices Are Bad News for Drivers---and the Fed

Oil futures pulled back from nearly four-month highs early Monday, consolidating as the U.S. dollar strengthened versus major rivals.

Oil pulls back after 6th straight weekly rise

Saudi Aramco, the state-backed producer, said second-quarter profit fell by more than a third from the record levels seen in the same period of 2022.

Oil Prices Hold Near Four-Month High. Cuts May Be Having an Impact.

Citi Trends

Oil prices rose on Monday to reach their highest since mid-April following an extension of production cuts by Saudi Arabia and Russia.

Oil prices surge to 4-month highs after Saudi, Russia output cuts

Saudi Arabia and Russia last week announced an extension of their supply cuts in an attempt to tighten global crude oil supply.

Oil Price Forecast: Production Cuts Underpin Oil Prices Near April Peak

Oil prices extended gains on Monday to touch their highest levels since mid-April after top producers Saudi Arabia and Russia pledged to keep supplies down for another month to tighten global markets further and support prices.

Oil extends gains, hovers at four-month highs on OPEC+ cuts

Top oil exporter Saudi Arabia has raised the prices for most of its crude to Asia in September after announcing an extension of its voluntary production cut for another month.

Saudi Arabia hikes most September oil prices to Asia

Oil prices are seeing their longest winning streak in more than a year. The gains have been aided by Saudi Arabia's decision to continue curtailing its production into the fall.

Oil Prices on Track for Sixth Straight Weekly Gain

Production cuts from Saudi Arabia and Russia provide strong support to oil markets.

Natural Gas, WTI Oil, Brent Oil – Oil Markets Test Multi-Month Highs

The crude oil markets have initially pulled back just a bit during the trading week but have turned around to show signs of life again as it looks like we are ready to break out.

Crude Oil Weekly Price Forecast – Crude Oil Markets Threatening a Major Breakout

The crude oil markets have rallied a bit during the trading session on Friday, as it looks like we are trying to break out of significant resistance.

Crude Oil Price Forecast – Crude Oil Markets Threatening Resistance

A panel meeting of the top ministers of OPEC+ has kept oil output policy unchanged on Friday, two OPEC+ sources said.

OPEC+ ministers keep oil output policy unchanged - sources

Energy stocks are making a comeback after being left for dead earlier this year.

Oil prices are up 20% and energy stocks are rebounding

Oil futures rose Friday, on track for a sixth straight weekly gain after Saudi Arabia and Russia said they would extend supply cuts.

Oil on track for 6th straight weekly rise after supply cuts

An OPEC+ ministerial panel which meets on Friday is unlikely to tweak the group's current oil output policy, five OPEC+ sources told Reuters, after a Saudi decision to extend its voluntary cut into September helped oil prices rally further.

OPEC+ panel meets against backdrop of a stronger oil market

Oil prices are closing in on a 6-week winning streak, given the ongoing production cuts from Saudi Arabia, Russia, amid fear of an economic slowdown.

Oil Price Forecast: Saudi Arabia, Russia Production Cuts Fuel Price Rise

Oil prices rose for a second day on Friday, set for their sixth week of gains, after Saudi Arabia and Russia, the world's second and third-largest crude producers, pledged to cut output through next month.

Oil prices set for sixth weekly gain as producers pledge output cuts

Oil markets are moving higher as traders focus on tight supply.

Natural Gas, WTI Oil, Brent Oil – Oil Rebounds As Saudi Arabia And Russia Extend Production Cuts

Crude oil markets have stabilized a bit during the trading session as the market has seen so much in the way of selling pressure during the previous session.

Crude Oil Price Forecast – Crude Oil Markets Stabilize on Thursday

Gasoline and diesel prices have risen faster than oil in recent weeks.

Weather and Wall Street Conspire to Push Up Gas Prices

Oil futures were slightly lower early Thursday, extending a decline after a downgrade of the U.S. credit rating dented sentiment across markets, offsetting a record drop in U.S. crude inventories.

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