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

Concerns about a recession and a drop in energy demand led to a drop in U.S. benchmark West Texas Intermediate crude-oil prices below the $100-a-barrel mark on Tuesday for the first time in months.

Recession worries pull U.S. oil prices below $100, but ‘bleak' supply picture suggests a bargain

For the first time in nearly two months, crude oil prices have fallen below $100 a barrel, reflecting investors' growing concerns about a US recession that could crimp demand for oil.

Oil drops below $100 a barrel for first time since early May

Oil futures fell sharply on Tuesday, with U.S. prices below the $100-a-barrel mark - at their lowest in nearly two months, pressured by strength in the U.S. dollar and concerns over a possible recession that would hurt energy demand. WTI oil's fall was "inevitable as the market rebalances after fears of sanctions give way to the realities of Russian sales to new buyers in Asia, and the impact of high prices on demand and the economy become increasingly apparent," said Michael Lynch, president at Strategic Energy & Economic Research.

Oil futures settle sharply lower, with U.S. prices below $100 a barrel

Oil prices are stuck in a “tug-of-war between supply and growth concerns,” experts say.

Oil Falls Below $100 Per Barrel For First Time Since May As ‘Strong Likelihood Of Recession' Hurts Demand

West Texas Intermediate crude sank 8.6% to $99.12 per barrel, and Brent crude tumbled 9% to $103.17.

Oil prices plunge below $100 as the US dollar strengthens and recession worries pile up

Crude prices will fall even further next year if history is any guide, analysts at Citi write.

Oil Prices Drop Below $100. How They Could Fall Even Further.

The crude oil market has been very negative during the Tuesday trading session as Americans came back to work.

Crude Oil Price Forecast – Crude Oil Markets Get Slammed on Tuesday

Oil prices tumbled Tuesday with the U.S. benchmark falling below $100 as recession fears grow, sparking fears that an economic slowdown will cut demand for petroleum products.

Oil tumbles more than 8%, breaks below $100 as recession fears mount

Oil Prices Could Fall $40 This Year if Recession Hits

Citi sees oil prices at $85 a barrel by the end of 2022 even if an "increasingly likely" recession is avoided, as Russia keeps pumping but demand slows.

Citigroup says oil prices could tumble to $65 by the end of the year if a recession whacks demand

Oil futures traded lower Tuesday, under pressure as concerns over the global economic outlook spurred uncertainty about the demand outlook for crude and as the U.S. dollar surged versus other currencies.

Oil lower as dollar soars, investors weigh recessionary fears

The dollar exchange rate against the ruble updated the minimum of the current year at around 50.60 rubles per dollar on June 29, 2022. This strengthening of the ruble was facilitated by the rise in oil prices, as well as the policy of selling energy resources for rubles.

Brent Might Rise and Strengthen Ruble

On Tuesday, Norwegian offshore workers began a strike that will reduce oil and gas output, the union leading the industrial action told Reuters.

Crude Oil Price Update – Labor Strike, Political Unrest Fanning Tight Supply Concerns

The crude oil markets initially dipped on Monday, but as it was Independence Day in the United States, a lot of the big players weren't involved. Sporadic electronic trading was the mainstay of the day.

Crude Oil Price Forecast – Crude Oil Markets Get Slight Markup in Thin Holiday Trading

Russia is in a strong position and could well slash its oil output, JPMorgan said, sending prices to "stratospheric" levels.

JPMorgan warns oil prices could surge 240% as Russia slashes output in response to Western sanctions

Russian crude currently trades at a $20 a barrel discount, so Tehran is cutting prices to compete in the key Chinese market, according to a Bloomberg report.

Iran is cutting its oil prices to compete as cheap Russian crude draws Chinese buyers: report

Worries that Russia may cut output are keeping prices high even as the prospect of recession weights on demand.

Oil Prices Hold Steady as Supply Concerns Persist

Gasoline prices have been surging and close to an average $5 per gallon across the U.S., with consumers feeling the pain in the pump.

High U.S. gasoline prices weigh on demand as consumers start to feel the pinch, says analyst

Oil prices fell in early Asian trade on Monday, paring gains from the previous session as fears of global recession weighed on the market even as supply remains tight amid lower OPEC output, unrest in Libya and sanctions on Russia.

Oil prices slip as recession fears rumble on, tight supply stems losses

In a bullish sign, WTI rallied despite the release of factory data showing U.S. manufacturing activity slowed more than expected last month.

Crude Oil Price Update – Supply Worries Driven by Political Unrest in Libya, Labor Problems in Norway

Power grids across the US are at high risk of failures this summer, "a potential catalyst for chaos in energy markets," according to a Cornerstone director.

This potential 'black swan' for US oil prices is being overlooked, a trader says - unreliable electricity grids

Oil prices, at just above $100 a barrel, have driving gas prices above $5 based on a gallon of regular nationwide.

America Braces For $380 Oil

The S&P 500 closed the month of June posting the worst half of a year since 1970 and the worst quarter since the first quarter of 2020, a period that included the official declaration of COVID-19 being a pandemic. While the SPDR S&P 500 ETF Trust (ARCA:SPY) was down 20.8% in the first half.

Oil And Energy Leads Way: These Were The Top 10 S&P 500 Stocks In First Half Of 2022

Oil futures climbed on Friday, with U.S. prices up about 0.8% for the week. "Low investment in oil discovery and the shutdown of refineries during the pandemic-induced recession of 2020 have led to a supply crunch," said Lukman Otunuga, manager, market analysis, at FXTM.

Oil futures settle higher, with U.S. prices up less than 1% the week

Crude oil markets have been all over the place during the week, wiping out accounts every chance they get. This being the case, it's probably best that you leave this market alone for the time being.

News for ProShares Ultra Bloomberg Crude Oil ETF (UCO)