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

GUSH provides 2x daily exposure to an equal-weighted index of the largest oil and gas exploration and production companies in the US.

United States Brent Oil Fund LP

Invesco DB Oil Fund

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

On October 14, the EIA announced the US only had 25 days left of reserve diesel supply as inventories hit a low not seen since 2008.

Oil prices could trade above $120 next year - but extremely low diesel inventories pose an even bigger concern, top energy analyst says

OPEC raised its forecasts for world oil demand in the medium- and longer-term in an annual outlook released on Monday and said $12.1 trillion of investment is needed to meet this demand despite the energy transition. The view from the Organization of the Petroleum Exporting Countries, in its 2022 World Oil Outlook, contrasts with that of other forecasters which see oil demand reaching a plateau before 2030 due to the rise of renewable energy and electric cars.

OPEC raises long-term oil demand view, calls for investment

The cartel called for trillions of dollars worth of investments in the oil industry over the next two decades to meet what it expects to be booming demand for fossil fuels stretching far into the middle of the century.

OPEC Sees Booming Oil Demand Until Middle of Century

Oil futures fell early Monday, feeling pressure after a weak reading on China factory activity and a widening of COVID-19 curbs by the country. Previously beaten-down natural-gas futures, however, were soaring.

Oil slides as China factory gauge slumps; natural-gas futures snap back sharply higher

Losses could be limited by OPEC+ production cuts that are expected to kick in on November 1, EU Embargo on Russian energy products.

Oil Price Fundamental Daily Forecast – Pressured by China COVID Concerns, Weak Factory Activity Data

Oil prices fell on Monday on concerns that widening COVID-19 curbs in China will curtail demand, offsetting signs that output at the top U.S. shale field is losing steam.

Oil slips as China COVID curbs outweigh concerns over U.S. output

Oil futures settled lower on Friday as COVID-19 restrictions in China fed worries about energy demand, but U.S. prices still marked their first gain in three weeks. “Oil markets remain volatile as China ramps up COVID restrictions, some U.S. oil giants signal modest commitments to boost production, and the global economic outlook continues to dim,” said Edward Moya, senior market analyst at OANDA.

Oil prices end lower for the session, higher for the week

Crude oil markets have drifted a little bit lower during the trading session on Friday, as the volatility and sideways grind continues.

Crude Oil Price Forecast – Crude Oil Markets Pull Back Into the Weekend

Oil futures fell Friday as several Chinese cities widened COVID-19 curbs, but crude remained on track for solid weekly gains.

Oil slips as China expands COVID curbs, but on track for weekly gains

ProShares Ultra Bloomberg Natural Gas

The prices of crude oil and LNG are linked as they both play key roles in the global energy mix. I try to take advantage of this linkage in order to trade GUSH and BOIL.

Trading The GUSH-BOIL Linkage

OPEC's view that world oil demand will keep rising for longer than many other forecasters predict is not expected to change much in its forthcoming major report, despite the growing role of renewables and electric cars, two OPEC sources said.

OPEC expected to stick to view of long-term oil demand rise

Oil prices fell in early trade on Friday on a stronger dollar, but were on track for a weekly gain on concerns about supply tightening with Europe's pending cut-off of imports from Russia.

Oil prices fall as dollar climbs, but set for weekly gain on supply concerns

Oil futures settled higher on Thursday, stretching their gains into a third straight session on the back of U.S. GDP data showing that the nation's economy grew at an annual 2.6% pace in the third quarter, following two straight quarters with declines. U.S. benchmark West Texas Intermediate crude for December delivery CLZ22, +1.38% rose $1.17, or 1.3%, to settle at $89.08 a barrel on the New York Mercantile Exchange.

Oil prices settle higher, supported in part by third-quarter growth in the U.S. economy

G7 wants to cut Russia's oil revenues but maintain an incentive to produce oil at current levels.

Russian Oil Price Cap May Be Set At $63-64 Per Barrel

Platinum moved to new highs near $980. WTI oil made an attempt to settle above $89.80.

Natural Gas Moved Above $6.00 After EIA Report

Crude oil markets rallied significantly during the trading session on Thursday to show signs of life again as we continue to see plenty of volatility.

Crude Oil Price Forecast – Crude Oil Markets Rally on Thursday

Oil futures ticked higher early Thursday, attempting to build a three-day winning streak.

Oil aims for 3-day winning streak

The major bullish influence on prices over the near-term will be the OPEC+ production cuts and the EU embargo of Russian oil.

Oil Price Fundamental Daily Forecast – Supply-Driven Rally Stalls Ahead of US GDP Data

Oil prices continued to rise in early Asian trade on Thursday after surging more than 3% in the previous session, driven by record U.S. crude exports and a weaker U.S. dollar.

Oil prices continue climb on strong crude demand, weaker dollar

Wednesday's rally was primarily fueled by short-term fundamental news, but this only helped the underlying potentially bullish longer-term outlook.

Crude Oil Price Update – Weak Dollar Helps Fuel Breakout Ahead of Next Week's Start of OPEC+ Production Cuts

Oil futures settled higher on Wednesday, finding support on the back of a weaker U.S. dollar, as well as a weekly decline in domestic gasoline stockpiles. The Energy Information Administration reported that supplies of crude rose 2.6 million barrels last week, but gasoline fell by 1.5 million barrels.

Oil prices finish higher, supported by a weaker U.S. dollar and weekly fall in gasoline supplies

The crude oil markets have pulled back just a bit during the trading session on Wednesday as we continue to see a lot of noise, but then the market has turned around to trying to rally yet again.

Crude Oil Price Forecast – Crude Oil Markets Attempt to Rally

Oil futures edged higher early Wednesday, with traders awaiting official data on U.S. crude inventories after industry figures showed a large rise.

Oil ticks higher, shaking off industry data showing rise in U.S. crude stocks

A rise in crude oil inventories will reinforce fears of a global recession that would cut demand, but losses could be limted by supply restraints.

Oil Price Fundamental Daily Forecast – Choppy Trade after API Reports Stockpile Build Ahead of EIA Data

Oil prices fell in early trade on Wednesday as the dollar firmed and as industry data showing U.S. crude oil stockpiles rose more than expected reinforced fears of a global recession that would cut demand. Brent crude futures for December dropped $1.17, or 1.3%, to $92.35 a barrel at 0111 GMT, after climbing 26 cents in the previous session.

News for Direxion Daily S&P Oil & Gas Exp. & Prod. Bull 2X Shares ETF (GUSH)