Replies to post #26734 on ProShares Trust Ultra VIX Short Term Futures ETF (UVXY)

[tw0122]

Let’s make gasoline and diesel even more expensive and the 99% poorer by the day say OPEC, Russia and US… Let’s keep on lowering production until there are real nasty shortages..

OPEC and its allies, including Russia, agreed to cut production by 2 million barrels per day in November, the most significant curb since the start of the pandemic, while speculation grows that the oil cartel will further intervene in markets to shore up prices. The European Union ban on Russian oil is also set to take effect in December as part of broader sanctions for the invasion of Ukraine.