Latest News for UCO
Bonds have generally followed movements in oil prices over the past week, but the pair is starting to decouple, said ANZ Bank.
Oil futures edged lower as traders eye President Trump's deadline to reopen the Strait of Hormuz.
President Donald Trump threatened to bomb Iran's power plants if the Strait of Hormuz isn't cleared for shipping traffic.
Oil prices rose on Monday after U.S. President Donald Trump and Iran threatened to attack energy facilities in the Middle East, escalating the war.
Oil prices look set to rise further on Monday, having closed before the weekend at their highest in nearly four years, after U.S. and Iranian threats to target energy facilities, analysts said on Sunday.
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