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ProShares K-1 Free Crude Oil ETF (NY: OILK )

43.26 +0.34 (+0.79%)
Official Closing Price Updated: 8:00 PM EST, Dec 27, 2024 Add to My Watchlist
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Headline News about ProShares K-1 Free Crude Oil ETF

OPEC+ To Delay Output Increase For 2 Months Till Prices Stabilize: Report
OPEC+ postpones output increase due to declining oil prices, may reverse if needed. Brent futures briefly above $74 before retreating. 
Via Benzinga
Citi Says Oil Prices Could Plunge Below $60 Amid Market Uncertainty
Citi predicts oil prices could fall to $60 per barrel by 2025 if OPEC+ doesn't cut production further. Goldman Sachs also forecasts AI could lower prices. 
Via Benzinga
Topics Artificial Intelligence
Exposures Artificial Intelligence
AI Could Lower Oil Prices Via Improved Logistics And Resource Allocation: Goldman Sachs
AI could bring modest decrease in oil prices over next decade, reducing costs and increasing reserves. OPEC+ producers may see income drop. 
Via Benzinga
Topics Artificial Intelligence
Exposures Artificial Intelligence
WTI Crude Oil Weekly Forecast: Additional Steps Higher In Strong Price Range
WTI Crude Oil traded higher last week and finished near the 78.440 USD price going into the weekend, the commodity extended gains which essentially started on the 4th of June. 
Via Talk Markets
Exposures Fossil Fuels
Iraq To Resume Oil Exports To Turkey Via Pipeline Shuttered A Decade Ago Amid Kurdish Negotiation Deadlock
Islamic State attacks halted the pipeline's operations in 2014 which was responsible for about 0.5% of the world's oil supply. 
Via Benzinga
Analyst Warns Of 'Serious Escalatory Tit-For-Tat Cycle' If Iran Strikes Back, Raising Fears Of 'Wider War' In Middle East
Croft added that Iran has the potential to repeat its playbook from 2019 when it allegedly attacked oil tankers in the Strait of Hormuz, a critical waterway for oil import and export. 
Via Benzinga
IEA Forecasts Slowdown In Oil Demand, Contrasts Positive Outlook By OPEC+
The IEA cautions that this forecast "masks the impact of a further weakening of the macroeconomic climate." 
Via Benzinga
OPEC+ Approaches Preliminary Agreement For Deeper Oil Production Cuts In 2024
The Organization of the Petroleum Exporting Countries and its allies (OPEC+) have collectively decided to implement an additional 1 million barrels a day of oil supply cuts, reinforcing Saudi Arabia's... 
Via Benzinga
Exposures Fossil Fuels
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