ProShares Ultra Bloomberg Crude Oil (UCO)

In this video, Ira Epstein reviews the activity in the Financial Markets after the day that just ended, Thursday, April 24.

U.S. crude oil inventories rose by 0.2 million barrels to 443.1 million barrels, about 5% below the five-year average for this time of year.

Asian stock markets presented a mixed picture on Thursday, suggesting investor caution quickly returned following a significant relief rally on Wall Street.

Growing disagreements between OPEC+ members have oil sitting out the broader risk-on move seen across financial markets as tariff tensions ease.

Several OPEC+ members are planning to propose a second consecutive monthly acceleration of oil output hikes in June.

In this video, Ira Epstein reviews the activity in the Financial Markets after the day that just ended, Wednesday, April 23.

West Texas Intermediate crude futures fell to as low as $62.57, down 3.30% or $2.10 from Tuesday’s closing price.

Risk assets staged a recovery yesterday amid growing hopes for a de-escalation in US-China trade tensions. President Trump also eased concerns he might fire Federal Reserve Chair Powell.

West Texas Intermediate (WTI) Oil price extends its rally for a second straight session, trading around $63.90 per barrel during Asian hours on Wednesday.

In this video, Ira Epstein reviews the activity in the Financial Markets after the day that just ended, Tuesday, April 22.

However, IG Market Strategist Yeap Jun Rong expects crude oil prices to inch lower if the U.S. and Iran strike a nuclear deal.

Gold prices surged to fresh highs amid concerns about the US Federal Reserve’s independence. Oil and other risk assets, however, are under pressure amid heightened global uncertainty.

In this video, Ira Epstein reviews the activity in the Financial Markets after the day that just ended, Monday, April 21.

WTI Crude Oil went into the weekend near the 63.500 mark before the long holiday weekend began.

A creeping rotation out of U.S. assets and a subtle, but steady, rethink of the dollar as the default global parking spot.

In this video, Ira Epstein reviews the activity in the Financial Markets after the day that just ended, Wednesday, April 16.

These cuts are intended to offset the overproduction that has occurred beyond the agreed-upon quotas set by the organisation in previous months. The move signifies OPEC’s commitment to maintaining stability in the global oil market.

The GPIF — the world’s largest pension whale — just dropped a geopolitical bombshell, quietly removing China A-shares from its foreign equity benchmark.

West Texas Intermediate (WTI), the US crude oil benchmark, is trading around $60.80 during the early Asian session on Wednesday.

In this video, Ira Epstein reviews the activity in the Financial Markets after the day that just ended, Tuesday, April 15.

The cartel now anticipates a demand increase of 1.3 million barrels per day (bpd) for 2025, down 150,000 bpd from its previous projection. Similarly, the 2026 forecast has been adjusted downward to 1.28 million bpd. 

Oil prices rose yesterday despite OPEC making some small downward revisions to demand growth estimates.

The group has revised its 2026 global oil demand growth estimates and expects the figure to hit 1.28 million barrels per day (mb/d), compared to the 1.45 mb/d projected earlier.

Brent crude oil price has formed a giant descending triangle this year.

This market isn’t pricing in panic, but it’s not showing any signs of life either.