iPath Pure Beta Crude Oil ETN

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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

VanEck Vectors Oil Services ETF

Invesco Dynamic Oil & Gas Services ETF

ProShares Ultra Bloomberg Crude Oil

United States Oil Fund LP

SPDR S&P Oil & Gas Exploration & Production ETF

U.S. crude oil rose above $82 per barrel as prices have gained ahead of the Fourth of July. Though oil prices have risen, the average price for a gallon of gasoline stands at $3.49 nationwide, down about five cents from last month.

U.S. crude oil rises, tops $82 per barrel ahead of Fourth of July holiday

UK Oil & Gas PLC (AIM:UKOG) is spearheading a project to create large hydrogen storage caverns under Britain's former naval base in Portland Harbour, Dorset. According to the Sunday Telegraph, the plan includes excavating 19 caverns, each the size of St Paul's Cathedral, to store hydrogen for emergency use during energy shortages from wind and solar sources.

UK Oil & Gas gets back on the horse with hydrogen plan

Given supply deficits from OPEC+ cuts, peak demand, and geopolitical tensions, the short-term oil price forecast is bullish.

Crude Oil News Today: Underpinned by OPEC+ Cuts, Capped by China Headwinds

Brent oil surged 6% in June, staying above $85 per barrel, while WTI traded at $81.85, driven by summer demand and OPEC+ cuts.

Natural Gas and Oil Forecast: Brent Rises 6% in June, WTI at $81.85

Oil prices edged up in early trade on Monday, supported by forecasts of a supply deficit stemming from peak summer fuel consumption and OPEC+ cuts in the third quarter, although global economic headwinds and rising non-OPEC+ output capped gains.

Oil inches higher on summer demand outlook

A few weeks ago, many energy industry analysts expected global oil prices would rebound in the second half of this year, with Brent crude rising above $90 a barrel or higher, but that changed after the Organization for Petroleum Exporting Countries (OPEC+) announced earlier this month that it would begin lifting current production limits by October—sooner than many anticipated.

What To Watch in Oil Markets in the Second Half of the Year

Bullish crude oil outlook persists as Middle East tensions outweigh weak US demand and inventory builds, fueling supply disruption concerns.

Crude Oil News Today: Will Middle East Tensions Drive Crude Oil Futures Higher?

U.S. natural gas, hovering near $2.625, faces potential declines if production increases and temperatures moderate.

Natural Gas, WTI Oil, Brent Oil Forecasts – Double-Top Formation Capping NatGas

The crude oil market continues to see buyers, as this past week has been strong. With this, the market continues to see a lot of short-term strength, as the market is pricing in the idea of summer demand picking up.

Crude Oil Weekly Price Forecast – Crude Oil Continues to Grind Higher

U.S. oil is up about 1.8% for the week and 6.7% for the month of June. Oil prices are rising as signs point toward a military conflict between Israel and Hezbollah, stoking fears of a direct confrontation with OPEC member Iran.

U.S. oil trades near two-month high, heads for third-straight weekly gain on Israel-Hezbollah war fears

Oil futures rose Friday, on track to book monthly gains as investors continued to fret over the possibility of a wider Middle East conflict that could threaten flows of crude out of the region.

Oil prices rise, head for monthly gains as Middle East fears simmer

And no, it's not Joe Biden, Donald Trump or Scott Sheffield. The current price is well above the long-run marginal cost of oil (assuming a free market, which, well, never happened, never will) and is held at that level not only by OPEC+ quotas (which are keeping 3.5 mb/d of oil of the market as of this writing), but also by political decisions made by several leaders in oil exporting countries.

High Oil Prices Depend On A Handful Of People

Oil prices will not change much in the second half of 2024 as concerns around demand from China and prospects of higher supply from key producers counter risks from geopolitical tensions, a Reuters poll indicated on Friday.

Oil prices to stay steady as China demand woes offset Mideast risks - Reuters poll

Given the current geopolitical tensions and potential weather-related supply disruptions, the short-term outlook for oil prices remains bullish.

Crude Oil News Today: Prices Surge on Geopolitical Strife, Weather Threats

Top oil exporter Saudi Arabia may cut prices for crude grades it sells to Asia for a second month in August, tracking weakness in Middle East benchmark Dubai, trade sources said on Friday.

Saudi Arabia may cut oil prices for Asia for second month in August

Oil prices surged 2% this week, driven by potential Fed rate cuts and market optimism. Is there more upside ahead for energy markets?

Natural Gas and Oil Forecast: Oil Prices Up 2% This Week; More Upside Ahead?

Oil prices rose in early Asian trading hours on Friday, setting up a third straight weekly jump, as concerns about supply problems from escalating geopolitical tensions and weather-related disruptions offset signs of weak demand.

Oil prices edge higher as supply risks mount

Crude oil faces resistance amidst a consolidation phase, with an expanding triangle pattern and potential for an upside breakout once the consolidation is complete.

Crude Oil Price Forecast: Consolidates with Potential for Upside Breakout

WTI crude oil prices rose on Thursday, driven by escalating tensions between Israel and Hezbollah, which overshadowed soft U.S. gasoline demand.

Natural Gas, WTI Oil, Brent Oil Forecasts – Crude Poised to Move Higher, While NatGas Struggles

The crude oil market continues to see a lot of buying pressure under the current level, and at this point in time, I think we have to look for valuable opportunities, as there are a few levels that we will be watching over the next few sessions.

Crude Oil Price Forecast – Crude Oil Continues to See Rangebound Trading

A surprise build in U.S. crude oil and gasoline inventories disappointed bulls who were hoping for signs of an uptick in demand. But tensions between Israel and Iran-backed militia Hezbollah are providing support to prices.

Oil prices hold firm as Israel-Lebanon tensions overshadow soft U.S. demand

TotalEnergies SE

TotalEnergies has agreed to sell its entire interest in its West of Shetland gas fields to The Prax Group, a private UK company. It comprises the Laggan, Tormore, Glenlivet, Edradour, and Glendronach fields, as well as the onshore Shetland gas plant and nearby exploration licenses.

TotalEnergies sells its West of Shetland oil and gas assets to Prax

Oil futures edged higher Thursday, shaking off concerns about summer gasoline demand in the U.S. as investors kept an eye on tensions in the Middle East that could threaten crude supplies from the region.

Oil edges higher as worries over wider Middle East conflict linger

Weak demand and high inventories weigh on crude oil prices, but Middle East tensions offer support due to potential supply risks.

Crude Oil News Today: Traders Balancing Supply Risks and Weak Demand

Zephyr Energy PLC (AIM:ZPHR, OTCQB:ZPHRF) is looking forward to an exciting period as the company continues to make progress in the unlocking of the next prolific onshore US oil and gas play, that's according to non-executive chair Rick Grant said. Grant, in today's full year results for the twelve months ended 31 December 2023, highlighted that Zephyr continued to deliver as a cash-generating oil and gas exploration and production group.

News for iPath Pure Beta Crude Oil ETN Stock (OIL)