Direxion Daily S&P Oil & Gas Exploration & Production Bull 2X (GUSH)

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GUSH doesn't track oil price, it tracks spx oil companies. The rise in price is based on hopes of reduced oil production, though from my reading which I can't source off hand, those cuts won't do much to prop up oil prices in the near term.

Strong SPX oil companies are a fair place to store cash assuming we have a country to go back to once the dust settles.

From the Direxion website,
"The S&P Oil & Gas Exploration & Production Select Industry Index (SPSIOPTR) is provided by Standard & Poor's Index Provider and includes domestic companies from the oil and gas exploration and production sub-industry. The Index is designed to measure the performance of a sub-industry or group of sub-industries determined based on the Global Industry Classification Standards (GICS)"

http://www.direxion.com/products/daily-sp-oil-gas-exp-prod-bull-3x-shares#