NYSEARCA:UCO

Proshares Ultra Bloomberg Crude Oil ETF News

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$46.88
+1.72 (+3.81%)
At Close: Jun 10, 2026
OPEC reduced 2024 demand growth forecast from 2 million bpd to 1.9 million bpd.
The possibly that Saudi Arabia will lift the “floodgates” on its oil production has climbed in recent weeks, fueled by ”deteriorating cohesion” among a group of major oil producers known as OP

OPEC Cuts Oil Demand Outlook, Again

01:12pm, Monday, 14'th Oct 2024
Crude oil prices fell 2% Monday after the Organization of the Petroleum Exporting Countries (OPEC) reduced its oil demand outlook for 2024 and 2025 once again, citing data received so far this year.
Dan Yergin, S&P Global vice chairman, joins CNBC's 'Money Movers' to discuss outlooks on the oil markets as demand in China falls and tensions rise in the Middle East.
Crude oil continues to see a lot of noise in general, as the market continues to be focused on the global economy, and of course the geopolitical issues that always are a problem.
Biraj Borkhataria, RBC Capital, discusses the current state of the oil and gas market amid Middle East tensions. He notes a mix of factors affecting prices, including soft demand in China and potentia
Traders have been banking on more robust stimulus in China to boost the world's second-largest economy. The market, meanwhile, continues to monitor the Middle East in anticipation of a retaliatory str
Lack of clarity on China's economic stimulus plans sent oil futures tumbling on Monday, as traders adopted a wait and see approach to the impact of rising tensions in the Middle East.

OPEC Further Trims Oil-Demand Outlook

07:33am, Monday, 14'th Oct 2024
The Organization of the Petroleum Exporting Countries further trimmed its forecast for oil-demand growth, as it prepares to bring some barrels back into the market despite weaker global prices.
OPEC on Monday cut its forecast for global oil demand growth in 2024 reflecting data received so far this year and also lowered its projection for next year, marking the producer group's third consecu
Russia cut crude oil output in September by 28,000 barrels per day (bpd) to about 9 million bpd, the Organization of the Petroleum Exporting Countries (OPEC) said on Monday, citing data from secondary
Oil futures slumped after a weekend announcement by Chinese authorities failed to provide details on a stimulus plan sufficient to reassure investors nervous about crude demand.
Crude oil futures plunge as China's deflation worries and uncertain stimulus plans spark bearish sentiment, erasing nearly all last week's gains.
John Driscoll, chief strategist at JTD Energy Services, discusses the outlook for the oil market.
Geopolitical tensions and China's deflation concerns weigh on natural gas and oil prices, as markets await key support and resistance level breaks.
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