ProShares Ultra Bloomberg Crude Oil Price & Performance (UCO)

ProShares UltraShort Bloomberg Crude Oil ETF (NYSEARCA:SCO) recently crossed its 200-day moving average, reaching $19.33 during Monday's trading. This marks a significant rise from its 50-day average of $16.55. Institutional interest has also picked up, with Atomi Financial Group acquiring over 10,000 shares in the last quarter.1

Natural gas-focused ETFs saw impressive gains recently, with ProShares Ultra Bloomberg Natural Gas (BOIL) up 25.64% last week. Rising demand and supply constraints contributed to the surge. Broader market volatility, driven by inflation concerns and mixed earnings, has led investors to seek opportunities in energy sectors for potential returns.2

The U.S. is considering inspecting Iranian oil tankers under the Proliferation Security Initiative. Such actions could delay crude shipments and impact global supply chains. While aimed at curbing weapons proliferation, analysts warn these measures may increase tensions and lead to further retaliatory actions from Tehran.3