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

Confluence Investment Management offers various asset allocation products which are managed using “top down,” or macro, analysis. We publish asset allocation thoughts on a bi-weekly basis, updating the report every other Monday, along with an accompanying podcast.

U.S. Oil Production at a Record High

Crude inventories increased by 5.5 million barrels, exceeding analyst expectations.

Gasoline Inventories Decreased By 3.1 Million Barrels

Crude Oil continues to see buyers as the WTI Crude Oil market has a lot to think about in these low levels. However, this is a market that has a lot of external pressures at the moment.

Crude Oil Price Forecast – Crude Continues to Look For Momentum For a Breakout

Domestic oil output is expected to grow by 170,000 barrels per day this year, down from the Energy Information Adminuistration's prior forecast of 290,000 bpd.

Oil prices rise as U.S. crude production is seen growing more slowly this year

Oil futures rose modestly early Wednesday as traders weighed U.S. production and inventory data while continuing to play down the prospect of supply disruptions in the Middle East.

Oil prices edge higher as traders weigh U.S. supply data

Brent and WTI crude oil futures rise on U.S. production slowdown, EIA report expects inventory build-up, Middle East unrest minimally impacts

Oil Prices Forecast: EIA Revised Production Data, Inventories Set the Tone

Oil prices ticked higher on Wednesday, as growth in U.S. oil production is expected to remain largely steady through 2025, easing worries of excess supply.

Oil edges up on smaller US output growth estimates

U.S. dollar's pullback and falling Treasury yields provided support to oil markets.

Natural Gas, WTI Oil, Brent Oil Forecasts – Oil Gains Ground As Traders Monitor Gaza Ceasefire Talks

Demand for oil in 2024 could exceed expectations as U.S. economy stays strong while China ramps up stimulus.

Why I Am Bullish On Oil

Crude oil markets where little bit choppy during the trading session on Tuesday in the early hours but it still looks as if we are trying to find some type of basing pattern.

Crude Oil Forecast – Crude Continues to See Basing Pattern

Geopolitical tensions are limiting downside to oil prices as expectations weaken for interest rate cuts in the U.S. and China's economy remains a concern.

Oil prices rise as traders weigh Gaza truce talks, U.S. tensions with Iran

Oil futures ticked higher in early trade Tuesday, remaining in consolidation mode after a rout the previous week that sent crude to three-week lows.

Oil prices edge higher as traders warn Middle East conflict could stoke volatility

Diplomatic efforts in the Middle East and economic indicators hold WTI Crude near $73, signaling wary market sentiment.

Natural Gas and Oil Analysis: Diplomacy and Tensions Impact, WTI Stays Near $73

Crude oil prices are exhibiting a tentative pattern, mirroring the market's reaction to persistent geopolitical unrest and supply interruptions.

Oil Prices Forecast: Wavering Amid Geopolitical Tensions, Supply Concerns

Oil prices were little moved in early trading on Tuesday, as market participants assessed a visit to the Middle East by U.S. Secretary of State Antony Blinken to discuss a ceasefire offer in the region.

Oil prices mostly flat as Blinken's Middle East visit assessed

Oil prices were largely flat Monday as the Federal Reserve moves carefully on interest rates cuts, and the U.S. pushes for an extended pause in the Israel-Hamas War.

Oil prices steady as Fed moves carefully on rate cuts, U.S. pushes for pause in Gaza war

Oil futures fell early Monday, extending the previous week's steep decline, as traders looked past a series of retaliatory strikes on Iran-backed militants by a U.S.-led coalition over the weekend.

Oil prices slide as traders brush off U.S. airstrikes

ProShares Ultra Bloomberg Crude Oil ETF offers high-risk, high-reward speculation on oil without dealing with futures roll. UCO's performance may differ significantly from the spot price of WTI crude oil and is best suited for short-term traders. UCO's portfolio composition includes swaps with major financial institutions and its sector composition is singularly focused on the oil sector.

UCO: A Leveraged Oil Play For Short-Term Traders

Oil prices weaken due to a strong U.S. Dollar and Fed's hawkish stance, while Middle East tensions alert traders to potential supply disruptions.

Oil Prices Forecast: US Dollar Surge Challenges Global Demand

Oil prices stabilised in early Asian trading on Monday after sharp falls last week, amid continued attempts to reach a ceasefire in the Israel-Palestinian conflict even as the U.S. planned new strikes on Iran-backed groups.

Oil prices steady on Gaza ceasefire talks even as US plans Middle East strikes

Look for crude oil's bearish trend to continue based on Fed rate cut speculations, Middle East peace, OPEC+ output, and China's slowdown.

Oil Prices Forecast: Will Surging US Dollar Continue to Weigh on Crude?

So far traders have not driven up the price of oil after this past week's drone attack on U.S. forces in Syria. But as Middle Eastern tensions rise, so too does the risk premium.

Geopolitics and Oil: How Much Risk?

ProShares UltraShort Bloomberg Crude Oil

Oil futures and ETFs fell sharply on Thursday, while inverse crude ETFs soared amid rumors of there being a chance to mitigate tensions in the Middle East. Crude traders have been observing how issues in the Middle East are playing out.

Inverse Crude ETFs Rally Amid Rumors of Potential Ceasefire in Middle East

Crude oil markets have fallen during the week as we continue to see a lot of volatility. However, there is a massive amount of support just below that I do think comes into the picture and gets markets moving.

Crude Oil Weekly Price Forecast – Crude Oil Markets Plunge

The strong rebound in Treasury yields puts additional pressure on oil markets.

News for ProShares Ultra Bloomberg Crude Oil ETF (UCO)