ConocoPhillips

EOG Resources

Marathon Petroleum

Phillips 66

Diamondback Energy

Hess

Texas Pacific Land Trust

Valero Energy

Devon Energy

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

IEO tracks a market cap weighted index of companies in the U.S. oil and gas exploration and production space according to Dow Jones.

United States Brent Oil Fund LP

Invesco DB Oil Fund

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

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

Oil markets are under pressure as traders focus on rising COVID deaths in China and fear that an increase in Russian seaborne oil exports will put more pressure on prices.

Natural Gas, WTI Oil, Brent Oil – Natural Gas Rebounds From Multi-Month Lows

Crude oil markets pulled back just a bit during the trading session on Monday, at the top of the range they have been carving out. Admittedly, it was also Martin Luther King Jr. Day in the United States.

Crude Oil Price Forecast – Crude Oil Markets Pull Back From Top of Range

Prices are being pressured by a firm U.S. Dollar and fears that the rising numbers of COVID-19 cases in China could cloud prospects for higher demand.

Oil Price Fundamental Daily Forecast – China COVID Deaths Offsetting Last Week's Reopening Optimism

The country increased its import quotas last week, which gave crude a bounce—rising more than 8%.

Oil Prices Ease After Rally on China Reopening

Oil futures marked their highest finish in two weeks on Friday, with U.S. prices posting a gain of more than 8% for the week. China's economic reopening is the “top mover for oil this week, but the good inflation data is also making people more optimistic about the U.S. economy either heading for a soft landing or a mild recession,” said Michael Lynch, president of Strategic Energy & Economic Research.

Oil futures rally by more than 8% for the week

China demand hopes and better-than-expected reports from the U.S. and EU provide material support to oil prices. Natural gas remains under pressure due to warm weather.

Natural Gas, WTI Oil, Brent Oil – Oil Markets Keep Moving Higher

Crude oil markets have rallied during the week, bouncing from the same bottom that we have seen over the last several weeks.

Crude Oil Weekly Price Forecast – Crude Oil Markets Continue Consolidation

Crude oil markets have rallied a bit during the trading session on Friday, as we are hanging around the crucial resistance area just above.

Crude Oil Price Forecast – Crude Oil Markets Pressuring Resistance

Bullish traders are betting on more price gains as traders anticipate a further drop in Russian supply and the normalization in China's fuel demand.

Oil Price Fundamental Daily Forecast – In Position to Post Solid Weekly Gain on Weaker US Dollar

Oil futures rose Friday and were on track for strong weekly gains, lifted by optimism over demand from China as the country lifts its strict COVID-19 curbs and reopens its economy.

Oil heads for big weekly gain on China demand hopes

Oil prices slipped in early trade on Friday but were on track for gains of more than 6% for the week on solid signs of demand growth in top crude oil importer China and expectations of less aggressive interest rate hikes in the United States.

Oil heads for solid weekly gain on China demand hopes

Oil futures tallied a sixth straight session climb on Thursday, their longest streak of gains since February. Prices extended their gains after posting a loss last week, “helped by the weakness in the U.S. dollar and optimism that a more benign inflation outlook will help to mitigate concerns over a sharp slowdown in the coming months,” said Michael Hewson, chief market analyst at CMC Markets UK.

U.S. oil futures log longest streak of session gains since February

Natural gas continues to rebound as forecasts indicate that weather may turn colder from January 23.

Natural Gas, WTI Oil, Brent Oil – Oil Markets Move Higher After CPI Data

Crude oil markets had a slight rally on Thursday, as the CPI numbers in America came out as anticipated.

Crude Oil Price Forecast – Crude Oil Markets Have Slight Rally on Thursday

Oil futures rose early Thursday, finding continued support on optimism over prospects for increased crude demand from China's reopening of its economy after lifting COVID restrictions, while awaiting U.S. inflation figures that will be watched for clues to how aggressive the Federal Reserve will be as it continues to raise interest rates.

Oil prices lifted on China optimism as traders await U.S. inflation data

Morgan Stanley expects the oil market to tighten during the third and fourth quarter of 2023, supported by a recovery in demand prompted by China reopening its borders among other factors.

Tight supply to support oil prices in H2, Morgan Stanley says

Lower inflation should drive down Treasury yields and the U.S. Dollar, making dollar-denominated WTI crude oil more attractive to foreign buyers.

Crude Oil Price Update – Favorable US CPI Data Could Trigger WTI Surge into $80.23

Oil prices rose in early trade on Thursday, building on gains in the previous session as China's demand outlook improves and concerns rise over the impact of sanctions on Russian supply.

Oil rises on China demand optimism, Russian supply concerns amid sanctions

Oil futures climbed on Wednesday, with U.S. prices up a fifth consecutive session. “Hopes of a strong rebound in Chinese oil demand, fears surrounding the coming [Group of Seven] price cap on Russian refined products, and a weakening dollar is providing support to oil prices this week,” said Troy Vincent, senior market analyst at DTN.

U.S. oil futures tally a 5th straight session gain

U.S. strategic oil reserve levels dropped to new lows, providing significant support to oil markets.

Natural Gas, WTI Oil, Brent Oil – Oil Markets Rally After EIA Report

At some point, the U.S. will have to refill reserves, which will be bullish for oil markets.

U.S. Strategic Oil Reserves Fall To 1983 Lows

Crude oil markets have rallied a bit during the session on Wednesday as we continue to see a significant attempt to bottom this market out.

Crude Oil Price Forecast – Crude Oil Markets Continue to Fight

Oil futures edged higher Wednesday as investors attempted to gauge China's demand outlook, and industry data showed a surge in U.S. crude inventories.

Oil edges higher as traders weigh U.S. inventory jump, China demand

Crude oil inventories rose by 14.865 million barrels, American Petroleum Institute (API) data showed late Tuesday.

Oil Price Fundamental Daily Forecast – API Reports Huge Unexpected Inventory Build Ahead of EIA Data

Oil prices fell on Wednesday, erasing the previous session's gains, after industry data showed an unexpected build in crude and fuel inventories in the United States, the world's biggest oil user, which reignited worries about fuel demand.

News for iShares U.S. Oil & Gas Exploration & Production ETF ETF (IEO)