ProShares Ultra Bloomberg Crude Oil

The Organization of the Petroleum Exporting Countries and its allies, collectively known as OPEC+, are expected to extend their current production cuts this weekend, as per delegates and analysts. What Happened: The OPEC+ alliance, which was scheduled to meet in person in Vienna on Jun. 1, has now moved the meeting to a virtual platform on Jun. 2...

U.S. oil production is at record levels, as data from the Energy Information Administration puts 2023 production of crude oil on its way to break pre-pandemic records. The U.S. has been the top world producer of crude oil since the mid-2010s, a fact that has gone under the radar for much of the public. The latest data, from September, show a dail...

October’s numbers did not look good, but November picked up momentum and December may be better, so fourth-quarter GDP may come in better than first feared.

The launch of COP28 on Thursday is the latest glimpse at the ongoing effort to decarbonize the global economy. Whether its goal is to be a force for good or, as the BBC recently revealed, serve "as an opportunity to strike oil and gas deals" remains unclear. Either way, the so-called “Conference of the Parties” says a lot more than what's co...

Headline US consumer price inflation fell sharply from a peak of 9.1% year-on-year in June 2022, hitting a low of 3% in June 2023.