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 futures lost ground Tuesday as investors remained uncertain about the outlook for crude demand from China.

Oil weakens as investors assess China demand outlook

Recession concerns and worsening COVID-19 outbreaks in China are sparking fears of lower fuel demand, offsetting worries over tightening supply.

Oil Price Fundamental Daily Forecast – Pressured by Uncertainty Over China's COVID Policy, New Flare Ups

Oil prices were little changed early on Tuesday as supply worries offset recession fears and China's commitment to its zero-COVID policy.

Oil prices steady as supply woes offset recession fears

Oil futures settled lower on Monday, as traders weighed uncertainty over China's next move on COVID-related restrictions that are likely to have an impact on energy demand. “The oil market still is a little bit nervous about the demand prospects and we want to get more clarity on China's reopening plans,” said Phil Flynn, senior market analyst at The Price Futures Group.

Oil futures end lower as traders ponder China's next move on COVID-related restrictions

There's just one month left before G7 countries impose a price cap on Russian oil.

Oil May Soon Get A Boost As Russia Failed To Find Enough Tankers

WTI oil tested the $93 level. Silver made an attempt to settle above $21.

Natural Gas Rallies As Traders Bet On Colder Weather

If the U.S. CPI data comes in lower than estimated then look for the greenback to weaken, driving up demand for dollar-denominated crude oil.

Oil Price Fundamental Weekly Forecast – Bulls Betting Lower CPI Weakens Dollar, Extends Current Rally

Crude oil markets have gapped lower to kick off the trading week, but then turned around to show signs of strength yet again.

Crude Oil Price Forecast – Crude Oil Markets Threatening a Breakout

Oil futures ticked lower early Monday, with weakness tied in part to fading hopes China would relax curbs aimed at curtailing the spread of COVID-19.

Oil ticks lower as hopes fade for China's relaxation of COVID restrictions

Oil prices fell more than 2% at the start of Asia trade on Monday after Chinese officials on the weekend reiterated their commitment to a strict COVID containment approach, dashing hopes of an oil demand rebound at the world's top crude importer.

Oil falls as China sticks to strict COVID policy

Looking ahead, the bullish factors – the OPEC+ output cuts and the EU embargo of Russian oil - are going to keep conditions tight on the supply side.

Crude Oil Price Update – Big Surge Fueled by Tight Supply, Weaker US Dollar

U.S. oil-and-gas companies offer little relief for tight global market.

Frackers Say Oil Production Slowing in the Shale Patch

Oil futures rallied on Friday, with U.S. oil prices ending at their highest in about four weeks, on expectations that China may ease its COVID restrictions. “Chinese crude demand has been capped and if that roars back,” that could send oil prices higher regardless of global economic slowdown fears, said Edward Moya, senior market analyst at Oanda.

Oil futures settle higher, with U.S. oil prices topping $90 to end at 4 week high

Crude oil markets have rallied during the course of the week to reach the most recent selloff point. If it can continue to go higher, oil may be making a turnaround.

Crude Oil Weekly Price Forecast – Crude Oil Markets Continue to Make Bullish Case

The OPEC+ production cuts combined with the upcoming EU embargo on Russian oil and the tightening U.S. crude oil supply are all supportive factors.

Oil Price Fundamental Daily Forecast – Crude Surges Amid Potential Relaxed China COVID Rules

Oil futures rose early Friday, on track for weekly gains, as market bulls looked for signs China may soon move to ease COVID restrictions and allow economic growth to revive.

U.S. oil benchmark tops $90 a barrel on China reopening hopes

Oil prices slid in early trade on Friday, extending losses from the previous session on fears U.S. interest rates will go higher than previously expected and fresh concerns that COVID outbreaks will dent fuel demand in China.

Oil prices drop as demand fears dominate

U.S. oil futures declined by 2% on Thursday, with prices pressured by strength in the U.S. dollar and worries that aggressive rate hikes by Federal Reserve will lead to an economic recession. Concerns that the Fed is “much more likely to overshoot on rates rather than doing too little” have grown, raising the risk of the economy “tipping” into recession, said Robbie Fraser, manager, global research and analytics at Schneider Electric.

U.S. oil futures down 2% as the Fed rate hike boosts the dollar

Tight supply concerns are being driven by another draw in U.S. stockpiles, OPEC+ output cuts and the upcoming embargo of Russian oil by the EU.

Crude Oil Price Update – Fuel Demand Concerns Offset by Tight Supply Issues

Gold made an attempt to settle below the yearly lows at $1615. WTI oil tested support at $87.75.

Natural Gas Retreats As Storage Build Exceeds Expectations

Crude oil markets have pulled back just a bit during the trading session on Thursday as we continue to see a lot of choppy behavior in general.

Crude Oil Price Forecast – Crude Oil Markets Pull Back a Bit During Thursday Volatility

Higher rates strengthen the U.S. Dollar and a stronger greenback tends to weigh on foreign demand for dollar-denominated crude oil.

Oil Price Fundamental Daily Forecast – Pressured by Recession Fears, Underpinned by Tight Supply

Oil fell Thursday, losing ground on fears aggressive tightening by the Federal Reserve will tip the economy into recession, while the U.S. dollar rose sharply.

Oil slumps as fears rise Fed rate hikes will crimp crude demand, dollar jumps

Oil follows stocks and bonds lower on concerns that further rate hikes will bear down on economic growth.

Oil Prices Slip After Fed Says Too Early to Pause Interest-Rate Hikes

The market is being supported by another decline in U.S. oil inventories as refineries picked up activity ahead of the winter heating season.

News for ProShares Ultra Bloomberg Crude Oil ETF (UCO)