United States Brent Oil Fund LP

BNO tracks the Brent oil spot price using near-month ICE futures contracts.

Invesco DB Oil Fund

Direxion Daily S&P Oil & Gas Exp. & Prod. Bull 2X Shares

iShares U.S. Oil & Gas Exploration & Production ETF

VanEck Vectors Oil Services ETF

iPath Pure Beta Crude Oil ETN

Invesco Dynamic Oil & Gas Services ETF

ProShares Ultra Bloomberg Crude Oil

United States Oil Fund LP

SPDR S&P Oil & Gas Exploration & Production ETF

The crude oil market continues to see a lot of noisy back and forth behavior, as the global markets are trying to price in war, geopolitics, slowing economies, and inflation at the same time. However, this is a time of year that typically is positive.

Crude Oil Price Forecast – Crude Oil Continues to See Choppiness

Oil prices are up more than 4.5% for the week, the strongest gains since early April. Oil remains well below annual highs set in April but has regained ground after a sell-off last week pushed prices to four-month lows.

Oil prices on pace for best week in more than two months as forecasts point to tighter market

Oil futures were little changed early Friday, remaining on track for solid weekly gains that have more than erased the tumble seen after OPEC+ on June 2 announced a plan to begin phasing in the return of around 2.2 million barrels a day of crude later this year.

Oil prices on track for weekly gains, rebounding from post-OPEC+-decision slide

Demand projections are strong, but market conditions suggest caution as crude oil traders await clearer signs of increased fuel consumption.

Crude Oil News Today: Poised for Strongest Weekly Gains Since April

The Federal Reserve met in June, holding interest rates steady, pointing to one rate cut in 2024, and pushing their inflation forecasts higher. The meeting went as expected, with inflation remaining well above the Federal Reserve's target rate.

Forget The Fed Meeting, We Have An Oil Problem On Our Hands

With WTI Crude Oil reaching $78.15, strong demand forecasts and steady interest rates suggest bullish momentum. Is it time to buy?

Natural Gas and Oil Forecast: WTI Hits $78.15 as Demand Surges; Buy Now?

Oil prices fell on Friday but were on track for their first weekly gain in four weeks as markets assessed the impact of higher-for-longer U.S. interest rates versus solid outlooks for crude and fuel demand this year.

Oil prices on track for weekly gain on solid demand outlook

Crude oil reached resistance at 79.46, forming a shooting star candlestick pattern, indicating a potential pullback as it remains in a downtrend.

Crude Oil Price Forecast: Faces Pullback After Hitting Resistance

Oil prices are stabilizing after the strong rebound from June lows.

Natural Gas, WTI Oil, Brent Oil Forecasts – Oil Markets Are Mostly Flat Despite Dollar's Rebound

OPEC sees oil demand growing by 25 million barrels per day in the developing world through 2045, with China and India alone contributing 10 million bpd. OPEC Secretary General Haitham Al Ghais called for continued investment in fossil fuels to prevent a shortfall, pushing back on predications of peak oil demand by 2030.

OPEC calls for more fossil fuel investment to prevent shortfall, dismisses peak oil demand prediction

OPEC does not see a peak in oil demand in its long-term forecast and expects demand to grow to 116 million barrels a day by 2045, and may be higher, the secretary general said on Thursday.

OPEC sees no peak oil demand long term, secretary general says

Russia's energy ministry said on Thursday that its oil production in May exceeded quotas set by the OPEC+ group of major oil producing countries, while pledging to meet its obligations.

Russia's oil output exceeded OPEC+ quotas in May, pledges to meet obligations

Crude oil continues to make a lot of noise at this point in time, and therefore it makes a lot of sense that people are trying to pick it back up, finding value in these drops. Whether or not that holds remains to be seen, but I am bullish overall.

Crude Oil Price Forecast – Crude Oil Continues to Show Resilient Behavior

The advance in oil futures has taken a pause after new U.S. inventory data this week did not provide support, together with Wednesday's Federal Reserve meeting. Still, oil prices have gained about 3% this week.

Oil prices fall after bearish increase in U.S. stockpiles, cautious Fed rate cut outlook

Oil futures fell Thursday, feeling pressure a day after government data showed U.S. crude and gasoline stocks unexpectedly rose.

Oil prices fall, dogged by rise in crude, gasoline stocks

Fed's delayed rate cuts, rising U.S. crude stockpiles, and cautious demand forecasts suggest continued pressure on oil prices.

Crude Oil News Today: Fed's Rate Decision, Rising US Stocks Pressure Prices

Crude stockpiles surged unexpectedly, causing WTI to slip to $78.25. What does this mean for future oil and gas prices?

Natural Gas and Oil Forecast: Crude Stockpiles Rise, WTI Falls to $78.25; What's Next?

Oil prices fell in early trade on Wednesday as investors digested news that the U.S. Federal Reserve has opted against cutting interest rates in the near future, while ample U.S. crude and fuel stocks further weighed on the market.

Oil slips on US growth worries, ample crude supply

The bearish EIA report did not put pressure on the oil markets.

Natural Gas, WTI Oil, Brent Oil Forecasts – Oil Gains Ground As Traders Focus On Falling Treasury Yields

Gasoline inventories increased by 2.6 million barrels from the previous week.

Crude Inventories Rise By 3.7 Million Barrels, Exceeding Analyst Expectations

Michael McCrae is leading Kitco's coverage of the mining sector. McCrae, who has both an MBA and CMA, knows how to build digital media properties.

Why big oil may have the upper hand in lithium tech - Lithium Royalty's Rob Weir

The Department of Energy raised its global oil demand forecast and sees a supply deficit this year. OPEC maintained robust oil demand and economic growth forecasts.

U.S. crude oil extends gains, trades above $78 as Department of Energy sees supply deficit

Oil futures rose Wednesday as investors sifted through a raft of updated forecasts and awaited official data on U.S. inventories after industry figures showed a decline last week in crude stocks.

Oil prices rise after industry data shows fall in U.S. crude, gasoline inventories

In the short term, the outlook for oil prices remains bullish, supported by strong demand projections and declining U.S. inventories.

Crude Oil News Today: Prices Climb on Strong Short-Term Demand Projections

The IEA forecasts a bearish long-term outlook for crude oil with peaking demand, significant supply surplus, and a shift to renewable energy sources.

News for United States Brent Oil Fund LP ETF (BNO)