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 prices hit a new high for the year so far after Saudi Arabia and Russia — the world's biggest crude exporters — said they would extend output cuts by at least another three months.

Oil prices surge after Saudi Arabia and Russia extend production cuts

Crude oil markets have been extraordinarily bullish as of late, but unfortunately we are starting to get to the point where they are extremely overstretched, and sooner or later gravity may come into the picture. If that's going to be the case, you may have a situation where it's time.

Crude Oil Price Forecast – Crude Oil Markets Facing Gravity

Oil futures edged lower early Tuesday, pulling back from 2023 highs, after downbeat economic data from China raised worries about global demand.

Oil prices pull back from 2023 highs after downbeat China data

UCO is a double-long instrument that aims to return two times the daily performance of the Bloomberg Commodity Balanced WTI Crude Oil Index. ProShares Ultra Bloomberg Crude Oil ETF is a high-risk, high-reward investment option suitable for short-term trades. Recent performance and momentum in the oil market suggest that staying long on UCO could be profitable.

UCO: After A Slow Start, Oil Has Plenty Of Bullish Momentum Now

OPEC's production strategy meets headwinds from China's economic indicators, spotlighting a volatile tug-of-war in crude oil futures.

Oil Prices Forecast: OPEC Production Cuts vs. Asia's Economic Dip Set Flat Tone

The US dollar is losing some influence in the oil markets, according to JPMorgan. The correlation between the USD's strength and oil prices has weakened, per the bank's research.

The greenback is 'losing some influence' in the oil markets — and it means a partial de-dollarization is likely, says JPMorgan

West Texas Intermediate Crude Oil is currently trading above $85, Brent Crude is above $88 $100 could be the next stop in the uptrend, but it's OPEC that holds the key

Will Crude Oil Hit $100 Per Barrel?

Oil prices were mixed on Tuesday as support from China's measures to shore up its economy vanished, offsetting expectations of an extension in supply cuts by two leading OPEC+ members Saudi Arabia and Russia

Oil prices mixed on receding support from China's steps to revive economy

Traders bet that the potential extension of production cuts will provide additional support to oil markets.

Natural Gas, WTI Oil, Brent Oil Forecasts – Oil Stays Close To Multi-Month Highs As Traders Remain Bullish

Production cuts, China's stimulus measures, and a less hawkish outlook for Fed policy are pushing oil markets towards new highs.

WTI Oil Is Heading Towards $90.00

The crude oil markets were of course somewhat illiquid as we continue to see a bit of an overstretched condition. That being said, the market is likely to take profits in this area. Labor Day of course is part of the reason why we have so much uncertainty.

Crude Oil Price Forecast – Crude Oil Markets Quiet on Labor Day

While OPEC+ commitments stir the global oil landscape, the U.S.'s booming oil production may temper future rises.

Oil Prices Forecast: OPEC Impact on Global Trade Dynamics

Global oil supplies are expected to improve in the next six to eight weeks because of refinery maintenance, although supplies of sour crude will stay tight, said Russell Hardy, chief executive of the world's largest independent oil trader, Vitol.

APPEC-Global oil supplies to improve on refinery maintenance -Vitol exec

Oil prices ticked up in Asian morning trade on Monday, as market sentiment was buoyed by positive China and U.S. economic data, as well as expectations of ongoing crude supply cuts from major producers.

Oil rises on China, US economic data and OPEC+ cut expectations

Oil futures on Friday marked their highest settlement of the year, with front-month U.S. benchmark prices up 7.2% for the week, according to Dow Jones Market Data. With Saudi Arabia cutting exports by 1 million barrels a day in August and likely to extend cuts into the fourth quarter, the “market is rightly pricing in an outlook of tighter inventories as we work toward 2024,” said Troy Vincent, senior market analyst at DTN.

Oil futures log highest settlement year to date

Oil traders prepare for the extension of production cuts from Saudi Arabia and Russia.

Natural Gas, WTI Oil, Brent Oil Forecasts – Oil Tests Multi-Month Highs On Supply Worries

Crude oil markets have rallied significantly during the course of the week, as it looks like we are going to go much higher.

Crude Oil Weekly Price Forecast – Crude Oil Markets Take Off

Crude oil markets have rallied again during the trading session on Friday, as the jobs report suggested that perhaps we will get less inflation and still keep employment high.

Crude Oil Price Forecast – Crude Oil Markets Continue to Raise Higher

Oil prices have climbed 6% this week, putting the commodity on pace for its best five-day stretch since April. Those gains have come with top producers pumping out less crude in a bid to drive up prices.

Oil is on pace for its best week since April with Russia set to join Saudi Arabia in pumping out less crude

U.S. crude oil stocks have fallen to their lowest level this year and likely will shrink further, analysts said, as record demand, producer supply cuts, weaker futures and rising storage costs all point to increasing drawdowns.

US crude stocks to fall further, end below year-ago levels, say analysts

Oil futures rose early Friday, gaining ground after scoring a third straight monthly gain in August on a tightening supply picture. Survey-based activity data from China also provided support ahead of a three-day weekend for U.S. investors.

Oil rises after booking third straight monthly gain

Crude prices strengthen as Saudi Arabia and OPEC+ allies mull extending production cuts, U.S. oil inventory shrinks, fueling market optimism.

Oil Prices Forecast: WTI and Brent Surge as OPEC+ Cuts Loom, Inventories Shrink

Oil prices were set to snap a two-week losing streak as they rose for a fourth consecutive session on Friday due to tightening supplies and expectations of the OPEC+ group of oil producers extending output cuts to the end of the year.

Oil set to snap two-week losing streak on tightening supplies

Oil prices averted an August swoon, scoring a third straight monthly gain, as tightening crude supplies ended up overshadowing worries about China's economy and energy demand.

No August swoon for oil prices. Here's why crude bounced back.

U.S. oil futures ended Thursday at their highest in about three weeks, finding support from expectations for tighter global supplies in the coming months. The session's gain contributed a monthly rise of 2.2% for front-month West Texas Intermediate crude, according to Dow Jones Market Data.

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