ProShares UltraShort Bloomberg Crude Oil Price & Performance (SCO)

Oil prices rebounded early Tuesday as investors closed short positions following Monday’s steep declines. Despite the recovery, ongoing concerns about global tariffs and unpredictable U.S. monetary policy continue to cloud the demand outlook for crude. Market watchers expect continued volatility as economic worries persist.1

Recent trading in the ProShares UltraShort Bloomberg Crude Oil ETF (SCO) showed increased volume on falling prices, with the ETF dropping 4.71% to $19.63 last Thursday. While long-term indicators remain positive, short-term volatility and mixed signals suggest investors should closely monitor support levels and exercise caution in the near term.2

The ProShares UltraShort Bloomberg Crude Oil ETF has posted a 3.07% loss over the last month and a 0.95% decline in the past quarter. Despite recent trading activity, the fund’s longer-term performance remains weak, with a five-year return of -55.86%, underscoring the risks of leveraged inverse oil exposure.3