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Traders Ramp Up Bearish Oil Bets To Nearly $1 Billion
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Sentiment
Neutral
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94%
Time Horizon
Short Term
Article Context
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Traders have poured a record $977 million into the ProShares UltraShort Bloomberg Crude Oil ETF (SCO), a leveraged bet that oil prices will collapse from their war-driven highs. Despite the high-volume, double-leveraged bet, the ETF still dropped 41% in March, its worst month in nearly six years, highlighting the ETF’s high risk in volatile markets. Oil prices have pulled back from recent highs after U.S. President Donald Trump announced that he is looking to wind up the Iran war soon. The ProShares UltraShort Bloomberg Crude Oil ETF is a…
Original article published by
OilPrice.com
on April 1, 2026.
Analysis and insights provided by AnalystMarkets AI.
Analysis and insights provided by AnalystMarkets AI.