---
title: "Weekly Recap | OILU.US +10.06%, back near range top"
type: "News"
locale: "en"
url: "https://longbridge.com/en/news/301457802.md"
description: "OILU.US rose 10.06% this week to $53.01, versus a 1.15% gain for the S&P 500 — an outperformance of about 8.91 percentage points. The week opened soft: Monday (Oct 5) dipped to $46.47 before trimming the decline, Tuesday reclaimed $50, Wednesday eased, then Thursday jumped 7.94% on heavier volume and Friday set a weekly high of $54.79 before settling at $53.01. The move pushed this 3x leveraged oil and gas E&P ETN back near the top of its 60-day range, with a weekly swing of 17.18%."
datetime: "2026-10-10T04:39:15.000Z"
locales:
  - [zh-CN](https://longbridge.com/zh-CN/news/301457802.md)
  - [en](https://longbridge.com/en/news/301457802.md)
  - [zh-HK](https://longbridge.com/zh-HK/news/301457802.md)
generator: "portal-rs"
---

# Weekly Recap | OILU.US +10.06%, back near range top

## The Week

OILU.US rose 10.06% this week to $53.01, versus a 1.15% gain for the S&P 500 — an outperformance of about 8.91 percentage points. The week opened soft: Monday (Oct 5) dipped to $46.47 before trimming the decline, Tuesday reclaimed $50, Wednesday eased, then Thursday jumped 7.94% on heavier volume and Friday set a weekly high of $54.79 before settling at $53.01. The move pushed this 3x leveraged oil and gas E&P ETN back near the top of its 60-day range, with a weekly swing of 17.18%.

## Sector News

The dominant theme this week was tightening supply. US-Iran tensions raised risks around the Strait of Hormuz, while Hurricane Isaias forced roughly 63% of US Gulf oil production offline, according to the US agency, with Chevron and BP among those shutting in facilities. Brent crude crossed $100 a barrel and held above it. Refiners led the move: Valero Energy, Marathon Petroleum and Phillips 66 all touched 52-week highs, and Marathon Petroleum gained 3.7% after an analyst upgrade. Issuer Bank of Montreal also filed several FWP and 424B2 documents, routine disclosures for the ETN.

## The Week Ahead

The key macro print is US CPI and core CPI on Wednesday, Oct 14. Consensus sees headline CPI possibly rising to 3.7% from 3.4%, while core CPI estimates sit at 2.5% and 0.2% depending on the measure. Before that, the NFIB small business optimism index and existing home sales on Tuesday, Oct 13 will offer demand-side clues. Whether Brent can hold above $100 and how quickly Gulf output resumes after the hurricane will determine if the sector keeps this week’s risk tone.

## In Short

OILU.US rode a supply shock back to the upper end of its 60-day range, beating the market by nearly 9 points. The tension is real: 3x leverage cuts both ways, average daily volume this week was only about 47.6k, well below the median, and the latest session’s flows showed small-to-medium money buying while large-lot activity was flat. The downside risk is a quick reversal if oil retreats after the CPI print or as the hurricane eases. What matters next is whether $100 oil holds and how fast Gulf production comes back online.

*This article is generated by LongbridgeAI from market data, for information only and not investment advice.*

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> **Disclaimer: This article is for reference only and does not constitute any investment advice.**