UCO241213C27500
- 0.10
- +0.05+100.00%
ProShares Ultra Bloomberg Crude Oil ETF Newsroom
US Total Crude Oil Stocks Decline in Week Ended Dec. 6
Crude Inventory Fell 1.4M Barrels for Week Ended Dec 6 - EIA
OPEC has cut its oil demand forecast for the fifth consecutive month, with the largest reduction to date.
OPEC has lowered its forecast for Consumer growth in 2024 by 0.21 million barrels per day to 1.6 million barrels per day. Since July, OPEC has reduced its forecast by 27%. Analysts believe that OPEC's forecast still exceeds the general market expectations and there is a gap with this year's actual Consumer data.
OPEC Further Trims Oil-Demand Forecast After Output-Hike Delay
Commodity Roundup: UBS Moderately Constructive on Oil, U.S. Natural Gas
Noon Crude Oil Analysis: Brent Crude Oil rises in the Asia early session, can the EIA inventory data provide additional momentum?
The EIA indicates that the Crude Oil Product price for 2025 will be lower than previously predicted, with the benchmark price for USA light sweet low sulfur crude oil expected......
Oil Prices Edge Higher With Focus on US Inventories, China Stimulus
Investors Moving to Natural Gas, Away From Oil as 2025 Energy Stock Play
Commodity Roundup: Cocoa Surges Back to $10,000 a Tonne on Supply Concerns
Midday crude oil analysis: How is the price trend of Brent crude oil under the condition of oversupply?
Despite the ongoing geopolitical tensions, analysts have further lowered their price forecasts for 2025 due to the expectation of a supply surplus next year.
Saudi Oil Price Cut for Asia Buyers Underscores Weakening Market Outlook
Morgan Stanley's outlook for the 2025 bulk market: gold is the preferred hedge aiming for 3000 dollars, demand supports a V-shaped rebound in industrial metals, and crude oil product continues to fall due to oversupply.
Morgan Stanley forecasts that gold prices will rise to 3,000 dollars per ounce next year, considering potential deficit expansion, silver and platinum may rise to 38 dollars per ounce and 1,200 dollars per ounce respectively. The crude oil market is expected to shift from this year's supply-demand balance to a surplus of 1.3 million barrels per day, with Brent and WTI crude oil prices expected to drop to 70 dollars and 64 dollars respectively by the end of next year.
Not only working hard for nothing but also losing money! Bank of America: OPEC+ will lose more market share.
The usa thinks that OPEC+'s decision to delay production increases is unlikely to boost oil prices, and will instead hand over more market share to other oil-producing countries, including the usa.
Commodity Roundup: China Resumes Gold Purchases; Markets Respond to Syria Developments
Crude Oil Prices Surge After Fall of Assad Regime in Syria
WTI Crude Extends Losses, Bears Dominate
WTI Recovers From Multi-week Low, Climbs Closer to Mid-$67.00s
Saudi Arabia's big move! Lowering all oil prices for Asia in January 2025.
According to the latest news, Saudi Aramco announced a reduction in all oil prices for Asia in January 2025, with the official price of Arab light crude oil reduced by 80 cents per barrel, set at a premium of $0.9 over the average price of Oman/Dubai (previously a premium of $1.7).
Oil Holds Weekly Loss as Saudi Price Cuts Signal Weak Outlook
It has barely held on by extending production cuts, but how much longer can OPEC+ last?
HSBC believes that if OPEC+ cancels the "extra voluntary" production cut plan as scheduled in March 2026, it will cause the overproduction of crude oil products to expand to 1.2 million barrels per day, further putting downward pressure on oil prices. This means that the situation where global crude oil market supply exceeds demand will continue until 2026, at which time OPEC+ may also have no "room" to cancel the production cut plan.