NYSEARCA:UCO

Proshares Ultra Bloomberg Crude Oil ETF News

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$46.88
+1.72 (+3.81%)
At Close: Jun 10, 2026
Saudi is prepared to ditch its unofficial oil price target of $100 per barrel, people familiar with the kingdom's thinking told The Financial Times
Oil prices are back in the spotlight, perhaps for not the best reasons. Saudi Arabia, the world's largest crude oil exporter, is set to increase production in December, abandoning its previously pursu
Gran Tierra remains undervalued despite lower oil prices. Gran Tierra's low production costs and increased capacity ensure profitability even if oil prices stay around $70/bbl. The acquisition of i3 E
Oil futures drop as Saudi Arabia considers increasing output, driving crude prices lower despite OPEC+ cuts and shrinking U.S. inventories.
Oil futures fell Thursday morning, feeling pressure after the Financial Times reported that Saudi Arabia was ready to abandon its $100-a-barrel price target as it prepares to increase production in a
WTI crude approaches $69.50 as China demand concerns weigh on prices. Will a rebound follow or will bearish momentum continue to dominate the market?
Oil prices were little changed on Thursday after falling in the previous session as signs of higher fuel demand and falling stockpiles in the U.S., the world's biggest oil user, offset concerns over d
Traders worry that China's stimulus measures would not provide sufficient support to oil markets.

Why Evercore cut its Brent crude price target

12:18pm, Wednesday, 25'th Sep 2024
Steve Richardson, Evercore ISI senior managing director, joins CNBC's 'Money Movers' to discuss global oil demand and pricing, oil futures, and more.

Crude Inventories Decline By 4.5 Million Barrels

10:49am, Wednesday, 25'th Sep 2024
Gasoline inventories decreased by 1.5 million barrels, missing analyst expectations.
The crude oil market has fallen hard in the early hours of Wednesday, as the market continues to wait for the latest inventory numbers in the US, and of course we are looking at the anemic consumer co
Oil futures traded modestly lower early Wednesday, pulling back from strong gains seen the previous session amid a broad commodity rally sparked by China's announcement of an aggressive monetary stimu
Crude futures edge lower as China's stimulus fails to boost demand expectations. U.S. stockpile draws offer support, but traders brace for potential oil price corrections.
PBOC stimulus drives a major rally in U.S. mining stocks, with XME ETF surging 4.22%. Learn how China's recovery is lifting commodities and global markets.
Rising geopolitical tensions and China's economic stimulus create supply concerns, driving potential price increases in energy markets.
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