NYSEArca - Nasdaq Real Time Price USD

ProShares Ultra Bloomberg Crude Oil (UCO)

33.23

-0.50

(-1.48%)

As of 9:57 AM EDT. Market Open.

Crude oil settles lower, but ends 3-month losing streak amid geopolitical tensions

Inventories of U.S. crude unexpectedly rose by 1.23M barrels for the week ended Jan. 29, confounding expectations for a draw of 217,000 barrels, according to Wednesday data from the Energy Information Administration.

Investing.com 2 months ago

CL

SCO
+1.57%
UCO
-1.48%
Oil prices settle higher as healthier global growth outlook eases demand concerns

The global growth outlook was given a boost, helping to ease concerns about crude demand.

Investing.com 2 months ago

SCO
+1.57%
CL

UCO
-1.48%
Oil prices clinch weekly gain on supply disruptions amid geopolitical tensions

Oil prices settled lower Friday, but eked out a gain for the week as elevated Middle East tensions and a healthier demand outlook overshadowed worries about the impact of slowing global growth. That said, traders remains wary after weak U.K. retail sales reminded the group that economic growth, and thus demand for energy, remains fragile in many parts of the globe.

Investing.com 3 months ago

DX

DX-PC

SCO
+1.57%
Oil prices slip lower, consolidating ahead of data-heavy week

Investing.com-- Oil prices retreated Monday as markets awaited new developments in the Middle East conflict, while anticipation of several key U.S. and Chinese economic readings this week kept sentiment on edge.

Investing.com 3 months ago

DX

DX-PC

SCO
+1.57%
Oil prices surge after Iran seizes tanker; US inventories rise

Oil prices rose Wednesday, rebounding after the previous weak close, as tensions in the Middle East remain fraught, disrupting the transport of crude through the key Red Sea route. Iran seized a tanker with Iraqi crude destined for Turkey on Thursday, the country’s state-run media reported, raising temperatures in a region that has already seen numerous attacks by Yemen-based Houthis on the international shipping lanes in the southern Red Sea. "The Navy of Iran's Army has announced the seizure of an American oil tanker in the Gulf of Oman with a judicial order," Iranian state media cited a statement by the Army as saying on Thursday.

Investing.com 3 months ago

CL

UCO
-1.48%
SCO
+1.57%
Oil prices slump on Saudi price cuts; long positions reduced

Oil prices fell sharply Monday after top exporter Saudi Arabia slashed the prices of its crude exports, signaling weakening demand as economic activity stagnates. Saudi Arabia slashed the price of its flagship Arab Light crude for Asian customers to a 27-month low, state producer Saudi Aramco (TADAWUL:2222) said on Sunday.

Investing.com 3 months ago

UCO
-1.48%
SCO
+1.57%
CL
Oil prices slip as shipping giants return to the Red Sea

Oil prices fell Wednesday, handing back some of the previous session’s gains, as shipping companies returned to the Red Sea despite fresh attacks, stabilizing supplies through this crucial region. Both the benchmark contracts gained over 2% on Tuesday as further attacks by Yemen's Iran-backed Houthi militia on ships in the Red Sea prompted more fears of shipping disruptions. Denmark's Maersk said on Wednesday it has scheduled several dozen container vessels to travel via the Suez Canal and the Red Sea in the next several weeks, in a further sign that global shipping firms are returning to the route.

Investing.com 3 months ago

SCO
+1.57%
CL

UCO
-1.48%
Oil prices flat as markets weigh Red Sea tensions, output uncertainty

Investing.com-- Oil prices kept to a tight range in holiday-thinned Asian trade on Tuesday, as markets weighed the prospect of continued supply disruptions in the Red Sea against fears of higher production in 2024.

Investing.com 3 months ago

SCO
+1.57%
CL

UCO
-1.48%
Oil prices rise for 2nd week as Red Sea tensions offset Angola-led OPEC worries

Investing.com-- Oil prices settled lower on Friday, but notched a second-weekly gain following a volatile trading week as traders weighed supply disruptions driven by attacks on vessels in the Red Sea, while Angola's exit from the Organization of Petroleum Exporting Countries sparked some concern about OPEC cohesion and its ability to wrangle members to unite behind future production agreements.

Investing.com 4 months ago

CL

SCO
+1.57%
UCO
-1.48%
Oil prices in first weekly gain in 2 months as rate-cut hopes dent bearish bets

China, the largest importer of crude, continues to face a bumpy economic recovery as data showed consumer and investment spending increased at slower than expected pace.

Investing.com 4 months ago

UCO
-1.48%
CL

SCO
+1.57%
Oil prices rebound from lows ahead of Fed meeting, EIA inventories

Oil prices rose Wednesday, rebounding after the previous session’s sharp losses, but remained around six-month lows on concerns over weaker demand and looser supplies ahead of the latest Federal Reserve meeting. Data from the American Petroleum Institute, released Tuesday, showed that U.S. oil inventories fell by over 2 million barrels last week, more than expected. Additionally, in its monthly Short-Term Energy Outlook, the US Energy Information Administration revised up crude oil production forecasts for the current year to 12.93 million barrels per day compared with last month’s 12.9 million barrels, largely on the expectation of stronger supply growth for the final quarter of this year.

Investing.com 4 months ago

CL

UCO
-1.48%
SCO
+1.57%
Oil prices slump to settle lower following US inflation reading

Investing.com -- Oil prices settled lower on Tuesday, as traders fretted over the demand outlook following the diminishing prospect of an impending pivot in Federal Reserve interest rate policy early next year.

Investing.com 4 months ago

SCO
+1.57%
UCO
-1.48%
CL
Oil prices settle slightly higher but supply glut concerns keep lid on gains

Investing.com -- Oil prices settled slightly higher Monday, attempting to steady from the longest drop in five years as investors awaited further catalysts this week as central banks including the Federal Reserve are set to deliver updates on monetary policy.

Investing.com 4 months ago

UCO
-1.48%
SCO
+1.57%
CL
Oil prices wrap up week with 7th weekly loss as supply surplus concerns continue

Investing.com - Oil prices rallied Friday, as a stronger jobs report lifted optimism about a U.S. soft landing, but that wasn't enough to stave off a seventh-straight weekly plunge as fears about a global supply surplus continues to keep the bears in control.

Investing.com 4 months ago

UCO
-1.48%
CL

SCO
+1.57%
Oil prices settle lower as rebound fades

Investing.com - Oil prices settled lower Thursday as a rebound from six-month lows proved short lived as fresh demand worries and ongoing oversupply concerns quashed an intraday rebound.

Investing.com 4 months ago

CL

UCO
-1.48%
SCO
+1.57%
Oil prices settle lower on dollar strength, ongoing supply surplus concerns

Oil prices settled lower Tuesday, as a stronger dollar and fears about supply outstripping demand remain front and center, offsetting a potential supply risk from ongoing tensions in the Middle East. The dollar rose, weighing on oil prices, despite falling Treasury yields fell amid data pointing to weakness in the labor market as labor demand fell to a two-year low. Sentiment on oil prices continued to be soured concerns that the Organization of the Petroleum Exporting Countries and allies, including Russia, a group known as OPEC+, agreements on Nov. 30 to take 2.2 million barrels a day offline early next year may not be enough to curb a potential supply surplus.

Investing.com 4 months ago

CL

DX

DX-PC
Oil prices settled lower as supply concerns overshadow fresh geopolitical jitters

"Crude oil price near USD80/bbl looks underpriced as market is in deficit and inventories are low. Further, geopolitical risks are still looming, a wider conflict in the Middle East will be a potential downside supply risk," ANZ Research said in a note. "If the US tightens its sanctions against Iran and Russia and OPEC+ voluntary cuts go as per plan, this severely tighten the market balance. "

Investing.com 4 months ago

SCO
+1.57%
UCO
-1.48%
CL
Oil prices in 6th weekly side as bears sharpen claws after OPEC+ cuts fall short

Seven OPEC+ countries announced plans for additional voluntary production cuts in the first quarter, the sum of which amount to “paper cut” of 896,000 barrels per day, Goldman Sachs said in a note, as the recent upside surprise in the global crude supplies could weigh on oil prices.

Investing.com 4 months ago

CL

SCO
+1.57%
UCO
-1.48%
Oil prices settle higher after supply disruptions; OPEC+ meeting eyed

Investing.com-- Oil prices rose sharply Wednesday, shrugging off unexpected increase in U.S crude stockpiles amid further supply disruptions just a day ahead of an OPEC+ meeting to decide on future output policy.

Investing.com 4 months ago

SCO
+1.57%
CL

UCO
-1.48%
Crude oil settles lower ahead of OPEC+ meeting

(Peter Nurse and Ambar Warrick contributed to this article.)

Investing.com 4 months ago

SCO
+1.57%
UCO
-1.48%
CL

Performance Overview

Return	UCO	Category
YTD	+29.23%	--
1-Year	+18.68%	--
3-Year	+32.48%	--

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ProShares Ultra Bloomberg Crude Oil (UCO)

Crude oil settles lower, but ends 3-month losing streak amid geopolitical tensions

Oil prices settle higher as healthier global growth outlook eases demand concerns

Oil prices clinch weekly gain on supply disruptions amid geopolitical tensions

Oil prices slip lower, consolidating ahead of data-heavy week

Oil prices surge after Iran seizes tanker; US inventories rise

Oil prices slump on Saudi price cuts; long positions reduced

Oil prices slip as shipping giants return to the Red Sea

Oil prices flat as markets weigh Red Sea tensions, output uncertainty

Oil prices rise for 2nd week as Red Sea tensions offset Angola-led OPEC worries

Oil prices in first weekly gain in 2 months as rate-cut hopes dent bearish bets

Oil prices rebound from lows ahead of Fed meeting, EIA inventories

Oil prices slump to settle lower following US inflation reading

Oil prices settle slightly higher but supply glut concerns keep lid on gains

Oil prices wrap up week with 7th weekly loss as supply surplus concerns continue

Oil prices settle lower as rebound fades

Oil prices settle lower on dollar strength, ongoing supply surplus concerns

Oil prices settled lower as supply concerns overshadow fresh geopolitical jitters

Oil prices in 6th weekly side as bears sharpen claws after OPEC+ cuts fall short

Oil prices settle higher after supply disruptions; OPEC+ meeting eyed

Crude oil settles lower ahead of OPEC+ meeting

Performance Overview