ProShares Ultra Bloomberg Crude Oil 2X ETF (UCO)

[longymickshort]

I'm just spewing garbage while I'm making it on both sides although a little late to the party at times. But that's ok with me. That's how swing trading works bag holding long on oil ain't much of a living of course just my opinion. So let's just stick with the facts.

In the week ended December 1, 2017, the number of rigs drilling for oil in the United States totaled 749, up by two from the prior week and up by 272 compared with a total of 477 a year ago. Including 180 other rigs drilling for natural gas, there are a total of 929 working rigs in the country, six higher week over week and up by 332 year over year. The data come from the latest Baker Hughes North American Rotary Rig Count, released on Friday.

West Texas Intermediate (WTI) crude oil for January delivery settled at $57.40 a barrel on Thursday, and it traded up about 1.3% Friday afternoon at $58.17 shortly before regular trading closed.