Related: Bearish Signs Continue for Slumping Oil

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.

“In fact, stories that suggest oil is in a bear market may even have a positive impact on crude prices, according to a Bloomberg analysis. When news reports that include the key words “bear market” and “oil” start to appear in large numbers, prices often rally afterward, the analysis shows,” according to Bloomberg.

Oil traders are concerned over how fast U.S. shale oil producers will increase production to capture the rising prices. Rig counts have recently ticked higher and with credit and earnings issues improving for some U.S. shale drillers, those companies may seize the opportunity to exploit higher pricing in the near-term.

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