ProShares - (UCO)

Crude oil looks to test a major support level in the early hours of Wednesday, as the market seems to be going back and forth between the idea of oversupply, and the possibility of demand strengthenin...

Crude oil prices remain under pressure as OPEC+ production hikes and weak oil demand cloud the outlook, with key technical support barely holding.

WTI hovers near $62, Brent near $66 as OPEC+ debates output hikes. Natural gas stays bullish above $3.29, with RSI momentum nearing overbought.

Oil prices steadied in early trade on Wednesday after two consecutive days of losses as investors weighed potential OPEC+ plans for a larger output hike next month against the prospect of shrinking in...

Crude oil pulled back to retest key support near $62 but remains positioned for higher prices if buyers defend recent lows and confirm the bullish wedge breakout.

Exxon, Chevron and ConocoPhillips have all announced job cuts this year. Independent shale oil executives have given a grim outlook for the industry.

OPEC denied the reports about potential production hikes, but oil markets remained under pressure.

Exxon is the latest large oil company to announce job cuts as the industry continues to adapt to lower oil prices.

The crude oil market continues to see a lot of support below current levels, but at this point, the biggest thing to keep in mind is that we are still in a range, as there are a lot of external noises...