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VanEck Vectors Oil Services ETF

OIH tracks a market-cap-weighted index of 25 of the largest US-listed, publicly traded oil services companies.

United States Brent Oil Fund LP

Invesco DB Oil Fund

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

iShares U.S. Oil & Gas Exploration & Production 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 surge in oil prices comes after OPEC+ announced an unexpected production cut totaling more than 1 million barrels per day.

Global Oil Prices Surge After OPEC Announces Production Cut

BP PLC (LSE:BP.) and Shell PLC (LSE:SHEL, NYSE:SHEL) sat top of the FTSE 100 risers after the surprise cut in oil production announced by members of Opec+.

Oil majors leap after surprise production cut by Opec+

The surprise move from OPEC comes after crude prices fell 20% over the past year.

Oil Prices Surge on OPEC Output Cuts. Supply Expectations Are Shifting.

Oil exporters made the surprise move to cut production by over a million barrels a day on Sunday, prompting prices to soar over six percent as the week began. OPEC+ states, which account for 40% of the world's oil production, said the move was “a precautionary measure aimed at supporting the stability of the oil market".

Inflation 'unlikely to recede' as OPEC cuts crude oil production

Goldman Sachs predicts that the 1.16 million bpd OPEC+ and Saudi Arabia output cuts may push oil prices up to $100 per barrel mark.

OPEC+ Announces Oil Output Cuts, Triggers Surge in Crude Oil Prices

Oil prices soared as much as 8% on the open after OPEC+ announced it was slashing output by 1.16 million barrels per day.

Oil prices surge 8% after OPEC's surprise output cuts; analysts warn of $100 per barrel

The oil cartel and its allies announced voluntary production cuts of around 1.15 million barrels a day, a move they said was to support market stability.

OPEC Surprises Market With More Production Cuts

Higher oil prices would help fill Russian President Vladimir Putin's coffers as his country wages war on Ukraine and force Americans and others to pay even higher prices at the pump amid inflation fueled in part by that conflict.

Oil prices could rise worldwide as Saudi Arabia announces cut of 500,000 barrels daily

Energy markets were bracing for a volatile open late Sunday, after Saudi Arabia led a surprise oil production cut across several OPEC + nations that will remove more than one million barrels of oil a day from May.

Oil market braces for volatile open after Saudi Arabia leads coordinated OPEC+ cuts totaling more than 1 million barrels a day

Saudi Arabia and other OPEC+ oil producers on Sunday announced voluntary cuts to their production, with Riyadh saying it would cut output by 500,000 barrels per day, or bdp, from May until the end of 2023, state media reported.

OPEC producers announce voluntary oil output cuts

Oil futures finished higher on Friday, but U.S. prices logged a fifth straight month of declines, as well as a loss for the quarter. “It's been a difficult quarter for crude oil prices with expectations that a China reopening would serve to galvanize prices back to $100 a barrel proving to be wildly misplaced,” said Michael Hewson, chief market analyst at CMC Markets UK.

U.S. oil futures down 5 months in a row; natural-gas futures drop 50% for the quarter

Oil markets gain ground as traders stay focused on supply problems.

Natural Gas, WTI Oil, Brent Oil – WTI Oil Rallies Above The $75 Level

Crude oil markets have rallied during the trading week to dig back into the previous consolidation area.

Crude Oil Weekly Price Forecast – Crude Oil Markets Recover for the Week

The crude oil markets have rallied a bit during the trading session on Friday, as it looks like the 50-Day EMA is starting to show signs of technical resistance.

Crude Oil Price Forecast – Crude Oil Reaches the 50-Day EMA

U.S. West Texas Intermediate crude oil prices rise for the second straight week.

Crude Oil Prices Up as US Inflation Data Eases Rate Hike Concerns

Benchmark oil prices are expected to continue rising this year, topping the $100 a barrel threshold, after clawing back much of the ground lost following the selloff sparked by fears over the banking sector, according to oil executives and analysts. US crude extended its volatile run this week, logging its sharpest price gain in nearly six months.

Benchmark crude oil prices expected to top $100 barrel threshold

The risks of a U.S. recession are clouding Wall Street's outlook for crude prices.

Oil Sputters as Bank Fears Are Weighed Against China Hopes

Oil prices saw modest gains on Friday, capping off a nearly two-week-long advance that has helped to ameliorate bruising losses for the month and quarter during the last session of March.

Oil prices advance to cap off bruising March

WTI crude oil prices set for weakest monthly performance since November

WTI Crude Oil Prices Edge Lower Ahead of US PCE Report

Oil futures resumed their rise on Thursday, with U.S. and global crude prices climbing back to their highest settlements since March 13, after ending lower a day earlier. Oil refiners are coming out of maintenance season and “demand for fossil fuels around the globe is surging,” said Phil Flynn, senior market analyst at The Price Futures Group.

Oil futures climb back to their highest finish in more than two weeks

The OPEC+ Joint Ministerial Monitoring Committee will hold a meeting on Monday and while it's not likely to shake up the oil market, discussions will highlight the importance of continuing to monitor a market that is plagued with concerns about the U.S. and European banking crisis and a potential economic recession.

OPEC+ committee is set to review an oil market plagued by concerns over the banking crisis and a recession

Natural gas pulled back after EIA report missed analyst expectations.

Natural Gas, WTI Oil, Brent Oil – WTI Oil Tests New Highs

Crude oil markets have had a slightly positive session during the day on Thursday, but at this point it looks as if the 50-Day EMA above could cause some issues.

Crude Oil Price Forecast – Crude Oil Markets Look Happy

Crude oil traded marginally higher on Thursday as brightening prospects for the Chinese and U.S. economy have helped to keep prices of the critical commodity elevated.

Oil prices edge up as global economic outlook improves

Iraqi Kurdistan's oil exports decline, potentially ending premium on crude oil prices.

News for VanEck Vectors Oil Services ETF ETF (OIH)