Producer Cuts in 2019 Could Bolster Leveraged Oil ETF

Oil production cuts in 2019 could give the Direxion Daily S&P Oil & Gas Exp. & Prod. Bull 3X Shares (NYSEArca: GUSH) a needed boost, especially after an oversupply has put downward pressure on oil prices as of late. The precipitous drop in oil saw prices drop 40 percent from their...