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UCO ProShares Ultra Bloomberg Crude Oil ETF
- 31.020
- -0.240-0.77%
Close May 3 16:00 ET
31.480High30.920Low
31.480High30.920Low1.61MVolume31.340Open31.260Pre Close50.23MTurnover9.32%Turnover Ratio--P/E (Static)17.30MShares37.11052wk High--P/B536.65MFloat Cap21.20052wk Low--Dividend TTM17.30MShs Float3115.624Historical High--Div YieldTTM1.79%Amplitude2.750Historical Low31.139Avg Price1Lot Size
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The U.S. Is The Biggest Oil Producer In The World
US is Producing 12.9 Million Barrels Per Day
That's BIGGER than Saudi Arabia and Russia, countries you naturally associate with being global leaders in oil production.
This rapid growth in production since 2008 has been driven by the Shale boom out of Texas, New Mexico & North Dakota.
This higher production helps the U.S. offset the impact of supply cuts for domestic consumers from OPEC, who generally favour higher prices.
$Pioneer Natural Resources(PXD.US$$BP PLC(BP.US$$TotalEnergies(TTE.US$$Shell PLC(SHEL.US$$Exxon Mobil(XOM.US$$Chevron(CVX.US$$Occidental Petroleum(OXY.US$$ProShares UltraShort Bloomberg Crude Oil ETF(SCO.US$$Powershares Db Multi-Sector Commodi Powershares Db Oil Fund(DBO.US$$ProShares Ultra Bloomberg Crude Oil ETF(UCO.US$$United States Oil Fund LP(USO.US$
That's BIGGER than Saudi Arabia and Russia, countries you naturally associate with being global leaders in oil production.
This rapid growth in production since 2008 has been driven by the Shale boom out of Texas, New Mexico & North Dakota.
This higher production helps the U.S. offset the impact of supply cuts for domestic consumers from OPEC, who generally favour higher prices.
$Pioneer Natural Resources(PXD.US$$BP PLC(BP.US$$TotalEnergies(TTE.US$$Shell PLC(SHEL.US$$Exxon Mobil(XOM.US$$Chevron(CVX.US$$Occidental Petroleum(OXY.US$$ProShares UltraShort Bloomberg Crude Oil ETF(SCO.US$$Powershares Db Multi-Sector Commodi Powershares Db Oil Fund(DBO.US$$ProShares Ultra Bloomberg Crude Oil ETF(UCO.US$$United States Oil Fund LP(USO.US$
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I'm watching oil here, and the largest oil ETFs. Here is why?
1 - Oil's volatility has plummeted to the lowest since 2020 as market participants are on holiday and liquidity has dropped.
2 - Beware that volatility could pick up if Hurricane Idalia hits and impacts US oil supply.
3 - Technical trading could pick up if oil volatility drops below 20%, which is when traders suggest they will stop shorting volatility. That could signal bigger swings in prices and more activity in options' (Source: Bl...
2 - Beware that volatility could pick up if Hurricane Idalia hits and impacts US oil supply.
3 - Technical trading could pick up if oil volatility drops below 20%, which is when traders suggest they will stop shorting volatility. That could signal bigger swings in prices and more activity in options' (Source: Bl...
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UPDATE May 5
A quick post. The posts are quick because THERE IS NOTHING I WOULD OWN HERE. I don't want to hold anything longer than a day or two.
Well, yesterday was fun -
But now it's Cinco De Mayo! is it going to be Arriba 🤩 or Ay Caramba 😱?
Employment numbers come out an hour before open. This should decide direction for a while because FED member Bullard speaks 3.5 hours after open.
This is a short the rally, but the rally could be strong.
$E-mini NASDAQ 100 Futures(JUN4)(NQmain.US$
Th...
Well, yesterday was fun -
But now it's Cinco De Mayo! is it going to be Arriba 🤩 or Ay Caramba 😱?
Employment numbers come out an hour before open. This should decide direction for a while because FED member Bullard speaks 3.5 hours after open.
This is a short the rally, but the rally could be strong.
$E-mini NASDAQ 100 Futures(JUN4)(NQmain.US$
Th...
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Which stock is the best to invest? Compare $ProShares Ultra Bloomberg Crude Oil ETF(UCO.US$ vs. $United States Oil Fund LP(USO.US$ vs. $Exxon Mobil(XOM.US$ .
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ready to rip! post to fellow traders! plz we all want to mon together
$COMSovereign(COMS.US$ !!!! $Apple(AAPL.US$$Tesla(TSLA.US$$Amazon(AMZN.US$$Alphabet-A(GOOGL.US$$CBOE Volatility S&P 500 Index(.VIX.US$$SPDR S&P 500 ETF(SPY.US$$Invesco QQQ Trust(QQQ.US$$SPDR Dow Jones Industrial Average Trust(DIA.US$$Disney(DIS.US$$W&T Offshore(WTI.US$$ProShares Ultra Bloomberg Crude Oil ETF(UCO.US$$Meta Platforms(META.US$
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$ProShares Ultra Bloomberg Crude Oil ETF(UCO.US$ 27.63 30.39 33.43
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$ProShares Ultra Bloomberg Crude Oil ETF(UCO.US$ its going to fall pretty hard its net short and i have a sneeky suspicion that this run up has alot to do with buying short positions,meaning (if im correct)it can not be sustained. i did some dd and im short for sure lets see if the masses agree.
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Kevin Matte : When Trump was president, he had a positive relationship with Saudi Arabia, the 2nd largest oil producer in the world. Now that Biden is in power, Iran and Saudi Arabia seem to be laughing in his face. IMO It's not really in their interest to piss off Biden. I think they would regret it if Trump gets re-elected.