OILU - ProShares UltraPro 3x Crude Oil ETF
| Previous Close | 19.56 |
| Open | 19.74 |
| Bid | 19.86 x 800 |
| Ask | 20.09 x 800 |
| Day's Range | 19.65 - 20.78 |
| 52 Week Range | 11.93 - 36.03 |
| Volume | 970,054 |
| Avg. Volume | 1,493,006 |
| Net Assets | 67.54M |
| NAV | 20.36 |
| PE Ratio (TTM) | N/A |
| Yield | 0.00% |
| YTD Daily Total Return | 55.63% |
| Beta (5Y Monthly) | 0.00 |
| Expense Ratio (net) | 0.49% |
| Inception Date | 2017-03-24 |
- ETF Trends
Oil ETFs Taxed as Russia Rebuffs Production Cuts
The United States Oil Fund (USO), which tracks West Texas Intermediate crude oil futures, and the United States Brent Oil Fund (BNO) , which tracks Brent crude oil futures, slumped Tuesday as crude headed for its fifth loss in seven days on news that Russia may not want to reduce output. The expected global supply glut is also the latest threat to the Organization of the Petroleum Exporting Countries and other producers, which have already enacted production caps in an attempt to stabilize prices and balance the market.
- ETF Trends
December Supply Cuts by OPEC Could Give Oil Traders a Happy Holidays
The Organization of Petroleum Exporting Countries (OPEC) and its allied members could implement supply cuts in December, which should give oil traders a holiday season worth celebrating. OPEC will meet ...
- ETF Trends
The Marriage of Disruptive Tech and Oil Sector Could Yield Leveraged ETF Options
The oil and gas industry is undergoing its own renaissance with the incorporation of disruptive technology like data analytics, machine learning and artificial intelligence based on an L.E.K. Consulting ...
- ETF Trends
Energy Sector Could Open Opportunities for Leveraged ETFs
Exchange-traded fund (ETF) traders armed with leverage are operating in a landscape where a U.S.-China trade war, inverted yield curves and other factors affecting global growth are making for a challenging ...
- ETF Trends
Could Days of Large Spikes in Oil Prices be Gone?
Volatile price moves in oil that could cause stomach-churning, rollercoaster-like oscillations could be behind us, according to oil expert Rusty Braziel. Braziel’s comments come after drone attacks in Saudi Arabia last week saw oil prices soar on supply disruption fears. The attacks were enough to cause U.S. President Donald Trump to announce that emergency oil reserves were at-the-ready if necessary.
- Zacks
Leveraged/Inverse ETFs That Gained Double-Digits Last Week
We have highlighted some leveraged/inverse ETF that piled up more than 10% last week.
- Zacks
Profit From the Oil Rush With These ETFs
Given the abrupt changes in oil price and an uncertain outlook, investors should place their bet on oil ETFs cautiously or take advantage of the quick turn in sentiment with the help of leveraged or inverse ETFs.
- MarketWatch
A jump in oil prices is creating trading opportunities in these investments
An attack on Saudi Arabian oil fields has removed about 5% of global oil supplies. As a result, oil prices have jumped. It sounds scary for oil and stock investors, but for the time being, the chart tells a different story.
- Zacks
Leveraged Oil & Energy ETFs to Play on Saudi Attack
As an attack on Saudi's oilfields massively disrupted production and shot up oil prices, leveraged oil and energy ETFs are likely to surge in the short term.
- ETF Trends
Rising Middle East Tensions Could Spike Oil Prices This Week
Rising tensions in the Middle East could spike oil prices further this week as events unfold following an attack on Saudi Arabian oil facilities over the weekend. This could hamper global supply, which ...
- ETF Trends
Oil Prices Won’t Stop U.S. From Dominating Energy
Whether oil prices rise or fall is not a major factor to the U.S., according to Dan Brouillette, the Deputy Secretary of the U.S. Department of Energy. What is of higher importance is that the U.S. achieves energy dominance. While a protracted U.S.-China trade war and slowing global growth could affect demand, resulting in lower oil prices, being the dominant player in energy is the modus operandi for the U.S.
- ETF Trends
Oil Prices Jump on Third Straight Week of Inventory Declines
It was a case of now you see it and now you don’t for oil traders this week as the Energy Information Administration on Thursday reported that U.S. crude supplies declined by 4.8 million barrels for the ...
- ETF Trends
Oil Prices Can Hinge Upon China’s Economy
China is the world’s largest oil consumer and as such, oil prices can hinge upon how well its economy is performing. For example, positive economic data from China helped spur a rise in oil prices on Wednesday. Per a CNBC report, “A private survey showed that activity in China’s services sector expanded at the fastest pace in three months in August as new orders rose, prompting the biggest increase in hiring in more than a year.
- ETF Trends
Analyst: Oil Prices Must Fall in Order to Stay Competitive
According to one analyst, oil prices must decline to $10 and $20 per barrel in order remain competitive in the ever-changing mobility sector. Oil prices have been racked by the market volatility due to fears of easing global demand due to the U.S.-China trade war. “We have to be very clear here,” said Mark Lewis, who is global head of sustainability research at BNP Paribas Asset Management, added.
- ETF Trends
Oil Spikes as Inventories Fall, Demand Fears Ease
On Wednesday, oil prices were up more than 1% after the latest data from the U.S. Energy Information Administration revealed a steep fall in U.S. crude stockpiles. Brent crude futures were1.7% higher to reach a price of $60.52 a barrel while WTI crude futures were 1.5% higher to $55.75 a barrel. Leveraged bull traders certainly cheered the move when it looked like worries of oversupply and weaker global demand would put downward pressure on oil prices.
- ETF Trends
Will Oversupply Cause Oil to Continue to Underperform?
In the last 10 years, the U.S. has been ramping up its oil production exponentially and its ready to produce even more, which could cause oil prices to underperform. Per a report by CNBC, “In the last decade, the U.S. has more than doubled oil production to 12.3 million barrels a day, making it the world’s largest producer. The Plains All American Pipeline’s Cactus II pipeline could exacerbate supply levels to the point of glut hurting oil prices.
- ETF Trends
Are Cloudy Skies Ahead for Bullish Oil Traders?
The trade war impasse between the U.S. and China could keep bullish traders away from bold, leveraged plays in exchange-traded funds (ETFs). “Casting another dark cloud over the outlook for U.S. crude shipments is the ongoing U.S.-China trade impasse,” said Stephen Brennock, oil analyst at PVM Oil Associates. The U.S. China trade war could negatively affect crude oil shipments, which could tamp down any possible gains for oil prices.
- ETF Trends
Oil Slips as Fed Dashes Hopes of Consecutive Rate Cuts
Following the interest rate cut of 25 basis points by the Federal Reserve, oil began by falling below $65 a barrel on Thursday, and fell for the first time in six days. “We started off [the year]expecting some rate increases. “The Fed has capitulated to softer economic growth.
- ETF Trends
Middle East Tensions Could Drive Oil Prices Higher
Geopolitical tensions are broadening to start the trading week, on news that Iran’s military late Friday seized a British oil tanker near the Strait of Hormuz, apparently in response to the U.K. capturing an Iranian vessel a couple weeks ago. Iran’s standoff with the U.S. and the U.K. has been escalating recently, and is likely to continue in the coming weeks, with the concern in the marketplace that a major U.S. military strike against Iran could disrupt oil shipping in the Persian Gulf. Oil prices rose more than 1% on Monday, as investors worried about possible supply disruptions in the energy-rich Middle East after Iran's seizure of a British tanker last week.
- ETF Trends
Oil Faltering Amid Summer Driving Season Puts “DRIP” ETF in Play
Summer vacations are typically replete with long-distance trips, which would put oil prices in an uptrend, but oil futures fell 1.5 percent recently to the lowest level in two weeks. This came even after the U.S. Energy Information Administration (EIA) reported inventories of gasoline and distillate fuels grew by 9.25 million barrels the previous week. Hurricane Barry even caused crude inventories to decline by more than 3 million barrels, but that wasn't enough prop up oil prices to satisfy the bulls.
- ETF Trends
Once Again, It’s About OPEC For Oil ETFs
The United States Oil Fund (USO) , which tracks West Texas Intermediate crude oil futures, struggled early in the third quarter with oil prices residing near where they did in the first quarter. Investors considering USO or other oil exchange traded products have several factors to consider including the Organization of Petroleum Exporting Countries (OPEC). The International Energy Agency projects consumption to increase each quarter of 2019 year-over-year, albeit at a slower-than-usual pace for the first quarter.
- ETF Trends
Oil Bulls Expecting More Gains as OPEC Could Extend Supply Cuts
Oil bulls could be expecting more gains for oil prices after the most important oil producers in the world are indicating an extension of a deal to curb oil production is likely. This news comes ahead of an Organization of the Petroleum Exporting Countries (OPEC) meeting along with its allies in Vienna this week. OPEC member Iran called for cooperation among the oil cartel's members.
- ETF Trends
Are Oil Traders Overestimating the Impact of Latest Iran Sanctions?
Rather than resort to war, U.S. President Donald Trump decided to bring down the hammer with more sanctions on Iran in response an unmanned U.S. drone being shot down the previous week. As U.S.-Iran relations remain tenuous, oil traders could be eyeing more price increases for the commodity, but are they overestimating the impact of the latest sanctions? “We will continue to increase pressure on Tehran until the regime abandons its dangerous activities,” including its nuclear ambitions, Trump told reporters in the Oval Office. “We do not seek conflict with Iran or any other country,” Trump added.
- ETF Trends
Middle East Tensions Could Give Oil Prices More Support This Week
Oil prices could maintain their support levels this week as tensions between the United States and Iran continue to play out with U.S. Secretary of State Mike Pompeo saying that "significant" sanctions could be in store for Iran. “The Middle East clashes should support oil prices at the start of the week as crude markets will wait to see Iran’s response to the threat of additional sanctions, ” said Edward Moya, senior market analyst at OANDA in New York. An unmanned U.S. drone was shot down by Iran last week, which fanned the flames of growing tensions within the Middle East.
- ETF Trends
Oil Prices in a State of Flux Amid Global Growth, Middle East Tensions
The push-and-pull of Middle East tensions and slowing global growth is leaving prices for the oil in flux. Declining business sentiment is also feeding into the slowing global growth narrative, but how does all the news affect oil prices in the future? Oil prices tumbled more than 20 percent since the end of April due to fears of global demand as fears of slower growth worldwide are taking hold of the commodity.
