Direxion Dly S&P Oil&Gs Ex&Prd Br 3X ETF News

It's not the time to buy this dip as we see WTI testing $35. XOP has also broken down from the previous support and likely headed for $41.

Natural gas prices have increased significantly year-to-date on the back of an improved supply-demand balance, and NGL prices are nearly flat on the year even as oil is still down significantly.

June's production rebounded from May's low by adding 420 kb/d. May's output was revised up by 15 kb/d from the EIA's July report.

For those that are brave enough to invest in energy companies, I suggest sticking with strong, well-capitalized companies that can withstand lower prices for longer periods.

As companies around the world were cutting investments, revising portfolios, postponing contracts, Pemex took a different approach and stick to the plan to recover the Mexican oil production curve mai

The COVID-19 demand and price collapse has reduced Canadian oil sands production outlook to 2030 to the lowest point in the past half-decade, but the trajectory remains similar to prior expectations.

Natural gas production from shallow water (shelf) dry gas fields has been the largest single contributor to hydrocarbon production from the GoM, but it has now pretty much run its course.

Direxion has announced it will execute a reverse split of the issued and outstanding shares of the Direxion Daily S&P Biotech Bear 3X Shares, Direxion Daily Semiconductor Bear 3X Shares, Direxion Dail

The consensus within OPEC+ capable of bringing the market into balance. Oil prices moved in the narrowest range ever this past week.

US expected to play a significant role in the recovery of oil prices over the coming months with their crude oil output falling while demand is rising. This cou

Ever since that day on April 20, when US crude futures collapsed and prices turned to a negative $40 per barrel, the US oil market has been looking for an alter

In general, the companies that have reported average contract life provide some assurance that midstream companies can continue to benefit from the contracts in

This is a weekly series focused on analyzing the previous week’s economic data releases. The objective is to concentrate on leading indicators of economic activ

Given the current environment, OPEC+ might continue their cuts into August. Investors with longer-term horizons should consider the stocks of well-managed and w