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

WSJ reported that UAE could leave OPEC, but the country's officials have quickly refuted the report.

Natural Gas, WTI Oil, Brent Oil – Oil Rallies As UAE Refutes WSJ Report

Such a move would significantly impact on the oil producer group's global clout, and allow the UAE to pump as much oil as it wants.

Oil prices turn positive after falling by $2 a barrel on a report UAE is considering leaving OPEC

Oil futures edged lower Friday, but remained on track for weekly gains as traders weighed optimism over Chinese demand against rising U.S. crude inventories.

Oil prices edge lower, but on track for weekly gains

Crude oil's short-term trend is likely to be biased to the upside as long as China's demand continues to recover from COVID-related restrictions.

Oil Price Fundamental Daily Forecast – China Demand Recovery Supportive, but Dollar Needs to Weaken

Oil prices fell on Friday, but were poised for a weekly gain as renewed optimism on China's demand recovery over-rode recession worries brought by growing crude inventories in the U.S. and tightening monetary policy in Europe.

Oil set for weekly gain as China demand optimism trumps recession fears

Oil prices slipped in early trade on Friday but were on track to post gains of nearly 2% for the week as a rebound in China's factory activity offset growing concerns about rising U.S. crude stocks and potential rate hikes in Europe.

Oil prices head for weekly gain on China growth hopes

The Sierra Club said oil and gas companies touting investments in renewable natural gas are greenwashing because they continue to expand fossil fuels.

Oil and gas companies are investing billions to make energy from waste but some climate groups call it greenwashing

U.S. benchmark crude-oil prices on Thursday marked their highest settlement in two weeks. “Optimism surrounding China's economic recovery are offsetting more hot inflation data in Europe and the U.S.,” which sparked further hawkish money flows in morning trade, said Tyler Richey, co-editor at Sevens Report Research.

U.S. oil futures settle at a 2-week high

Oil markets stay strong as traders focus on the rebound of the Chinese economy.

Natural Gas, WTI Oil, Brent Oil – Natural Gas Falls After EIA Report, Oil Rises On Chinese Demand

Crude oil markets have gone almost nowhere during the trading session on Thursday as we continue to hang around in the same consolidation rectangle.

Crude Oil Market Price Forecast – Crude Oil Markets Continue to Kill Time

Oil futures gained ground early Thursday, with support tied to signs of improving demand in the U.S. and improving economic data out of China.

Oil prices rise, buoyed by demand optimism

The ProShares Ultra Bloomberg Crude Oil ETF is a leveraged investment vehicle that aims to replicate twice the daily performance of WTI. Due to the erratic nature of crude oil prices, UCO is subject to volatility drag, which means that its leveraged returns will likely decay and lead to losses.

ProShares Ultra Bloomberg Crude Oil ETF: Bearish Near The Top

The recent performance of the ProShares Ultra Bloomberg Crude Oil ETF has underperformed our initial expectations, delivering a smaller-than-expected gain of 10.4% since we initiated coverage of UCO with a "Buy" rating. We see increasing risks of a technical pullback in the near term. Unless we see a decisive break above US$82/bbl, WTI crude may drift within the range of US$70-$80/bbl.

UCO: Taking Profit On WTI Crude, To Re-Enter On Dips

Once the bullish China news plays out, traders will be looking for another catalyst. That catalyst is likely to be the U.S. Dollar.

Oil Price Fundamental Daily Forecast – Traders Eyeing Weaker US Dollar as Next Bullish Catalyst

Oil prices inched up in early Asian trade on Thursday, extending gains from the previous two sessions on signs of a strong economic rebound in China, the world's top oil importer, which offset worries about a rise in U.S. crude inventories.

Oil holds gains on China rebound, even as U.S. crude stocks rise

U.S. benchmark crude-oil prices on Wednesday settled at their highest in almost two weeks, after the Energy Information Administration reported a 1.2 million-barrel weekly rise in U.S. crude inventories. That marked a 10th straight weekly rise, but the smallest weekly increase in five weeks Oil prices seesawed between losses and gains during the session.

U.S. oil futures mark highest finish in nearly 2 weeks

Natural gas markets pull back amid profit-taking.

Natural Gas, WTI Oil, Brent Oil – Oil Markets Remain Volatile After EIA Report

Crude oil markets have rallied initially during the trading session on Wednesday but have shown signs of hesitation as we gave up those gains.

Crude Oil Price Forecast – Crude Oil Markets Continue to Churn Back and Forth

Oil futures slipped to begin March, after an industry group reported another large jump in U.S. crude inventories, outweighing a round of upbeat data on economic activity in China.

Oil prices fall as inventory worries outweigh upbeat China data

China's manufacturing activity expanded at the fastest pace in more than a decade in February, an official index showed, smashing expectations

Oil Price Fundamental Daily Forecast – Prices Jump Following China's Stunning Factory Activity Growth

Oil prices rose for a second day on Wednesday as reports of expanding manufacturing activity in China, the world's biggest crude importer, boosted the outlook for global fuel demand.

Oil prices rise as China factory gains boost demand outlook

“China's economic recovery will drive its demand for commodities higher, with oil positioned to benefit the most.” -JPMorgan analysts

Crude Oil Price Update – Strong Rebound on China Growth Hopes

U.S. benchmark crude-oil prices climbed on Tuesday, but marked a fourth monthly loss in a row. “Oil prices have fallen for the month due to an extremely warm winter in the U.S. and Europe,” said Jay Hatfield, chief executive officer at Infrastructure Capital Management.

Oil futures rally for the session, fall for the month

Natural gas declined as traders took some profits off the table after the recent rally.

Natural Gas, WTI Oil, Brent Oil – Oil Gains 2% On China Demand Hopes

Crude oil markets have rallied slightly during the trading session on Tuesday, as we continue to bounce around in the same consolidation region.

News for ProShares Ultra Bloomberg Crude Oil ETF (UCO)