OPEC is cutting back to alleviate price pressures, U.S. fracking companies could jump to capitalize on the windfall as crude oil prices jump back above $50 per barrel – according to some estimates, shale oil producers can get by with oil at just over $50 per barrel due to advancements in technology and drilling techniques that have helped cut down costs.

Traders looking to profit from falling oil prices have plenty of ETF options, including the ProShares UltraShort Bloomberg Crude Oil (NYSEArca: SCO), which tries to reflect the two times inverse or -200% daily performance of WTI crude oil, and DB Crude Oil Double Short ETN (NYSEArca: DTO), which also follows a -200% performance of oil.

“The options market is still pricing in relatively low volatility expectations toward short-term USO contracts, though. Not only does its 30-day at-the-money implied volatility of 29.6% rank in the 31st annual percentile, its Schaeffer’s Volatility Index (SVI) of 30% is perched below 80% of all comparable readings taken in the past year. This suggests it’s a better time to buy premium on USO, versus sell it,” according to Schaeffer’s.

For more information on the crude oil market, visit our oil category.