ProShares Ultra Bloomberg Crude Oil

UCO

Market cap $418M

Falling U.S. crude inventories and strong LNG exports support energy markets. Discover key technical levels for WTI, Brent and natural gas.

A look at the day ahead in European and global markets from Ankur Banerjee

Europe and parts of Asia, which are more reliant on energy imports, will remain more exposed to global headline inflation. A fresh energy shock would leave the Fed focused on upside inflation risks, OCBC said.

Oil prices may extend their rally as rising supply risks strengthen the bullish outlook for WTI and Brent crude.

Vessel traffic through the Strait of Hormuz has slumped since U.S. President Donald Trump's blockade took effect last week. Crossings through the Strait have fallen sharply across multiple shipping datasets with renewed U.S. strikes on Iran.

Oil prices softened on Tuesday, with markets weighing ​reports of mediation efforts between the U.S. and Iran against an exchange of ‌fresh attacks between the two and threats of a naval blockade of Saudi Arabia by Yemen's Houthis.

John Deal and Brian Kessens discuss the outlook for crude oil as the U.S. strikes Iran for the ninth day in a row. Brian believes oil prices could exceed $100 per barrel soon.

Oil edged lower in early Asian trade amid hopes of a new U.S.-Iran ceasefire that could ease worries over supply disruptions in Middle East.

A successful effort by Yemen's Houthis to ​shut the Bab el-Mandeb Strait would strike at one of the world's most important oil shipping routes, potentially triggering a ‌fresh surge in crude prices, disrupting fuel supplies and adding to strains on the global economy.

The average gallon of regular unleaded gasoline in the U.S. just rose above $4. The collapse of the Iran ceasefire and Memorandum of Understanding have pushed global oil prices higher.