ProShares Ultra Bloomberg Crude Oil

UCO provides 2x the daily return of an index of futures contracts of WTI crude.

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

iPath Pure Beta Crude Oil ETN

Invesco Dynamic Oil & Gas Services ETF

United States Oil Fund LP

SPDR S&P Oil & Gas Exploration & Production ETF

A potential U.S. recession and demand from China will help determine whether crude pushes even higher.

Oil Prices Jump as Saudi-Led Group Plans Output Cuts

The spike in oil prices after the surprise OPEC+ production cut may make the Federal Reserve's inflation-fighting job “a little more difficult,” but it is too soon to know for sure, said St Louis Fed President James Bullard, on Monday. “This was a surprise – this OPEC decision – but whether it will have a lasting impact, I think, is an open question,” Bullard said, in an interview on Bloomberg Television.

Fed's Bullard: Oil price jump may make inflation-fighting more difficult

The crude oil markets have rallied rather significantly during the trading session on Monday, as OPEC+ has announced a surprise 1 million barrel production cut starting in May.

Crude Oil Price Forecast – Crude Oil Markets Gap Higher After OPEC+ Cut

This week is filled with various employment reports, with the grandaddy of them all, the Employment Situation, due out Friday.

Black Gold

OPEC+ surprised, no, shocked, the market with plans to cut oil (NYSEARCA: USO) production by 1.16 million barrels per day. Aside from the immediate impact of higher prices, this move has far-reaching repercussions that could result in the S&P 500 (NYSEARCA: SPY) reaching new post-pandemic lows.

What OPEC's Oil Cut Means For Investors

Oil futures remained sharply higher early Monday, holding gains scored after OPEC+ announced a production cut of more than 1 million barrels a day.

Oil prices holding big gains after surprise OPEC+ production cut

Stock futures traded mixed Monday, while oil prices jumped on a surprise production cut.

Dow Futures Inch Up as Oil Prices Jump

Oil services stocks jumped in premarket trade Monday after Saudi Arabia's Ministry of Energy led a surprise oil production cut across several OPEC+ nations. Halliburton Co. HAL, +1.87% jumped 7.2% before market open, while Marathon Oil Corp. MRO, +1.05% rose 7.1%.

Oil services and oil producers jump on Saudi oil production cut

At the recent CERAWeek conference in Houston, executives of U.S. oil companies warned that prices would probably move higher with the resurgence of the influence of the OPEC+ cartel over international oil markets.

OPEC+ Muscle Flex Likely Means Higher Gas Prices At The Pump

All you need to know about the Opec+ decision to cut production and the potential knock-on effects

Why are oil prices rising and what does it mean for inflation?

OPEC+ has cut oil production by a million barrels a day. To reach this number, Saudi Arabia, Kuwait, UEA, Iraq and Algeria all reduced their output.

$100 Oil

Oil stocks jumped premarket Monday after Saudi Arabia's Ministry of Energy led a surprise oil production cut across several OPEC+ nations. On Sunday the Ministry announced that the Kingdom will implement a voluntary cut of 500 thousand barrels per day from May till the end of 2023.

Oil stocks jump on Saudi oil production cut

A look at the day ahead in U.S. and global markets from Mike Dolan

Morning Bid: Crude cut complicates Q2

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.

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