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United States Oil Fund LP

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OPEC+ (comprising the Organization of the Petroleum Exporting Countries plus various affiliates including Russia) is likely to keep oil output quotas unchanged for October in the lead up to today's meeting, sources have told Reuters. But some sources have not ruled out a small production cut following proposals by top producer Saudi Arabia last month in order to prop up ongoing price declines.

OPEC+ mulls over output quotas amid falling oil prices

Oil prices jumped more than $1 a barrel on Monday, extending gains as investors eyed possible moves by OPEC+ producers to tweak production and support prices at a meeting later in the day.

Oil prices climb more than $1/bbl ahead of OPEC+ meeting

OPEC+ is likely to keep oil output quotas unchanged for October at a meeting on Monday, five OPEC+ sources said, although some sources would not rule out a small production cut to bolster prices that have slid due to fears of an economic slowdown.

OPEC+ to weigh rollover or small cut at Monday meeting, sources say

OPEC+ meets on Sept. 5 as demand faces headwinds from recession fears and supply could be boosted by returning Iranian crude.

Oil Price Fundamental Daily Forecast – WTI, Brent Stabilize Ahead of Monday's OPEC+ Production Decision

Demand has fallen as countries struggle economically. Meanwhile, Russian oil continues to flow, and the West is trying to revive the Iranian nuclear deal and free up Iranian oil supply.

OPEC Cuts Could Drive Oil Prices Up Again

Oil futures climbed on Friday, buoyed by prospects for an OPEC+ output cut, but prices held onto a loss for the week as COVID-19 related shutdowns in China raised worries about an economic slowdown that could hurt energy demand. Prices are likely to trade higher in the days and weeks to come "on the rationale of getting into the [Atlantic] hurricane season," which may disrupt oil supplies, as well as the possibility of output cuts by OPEC+, which meets on Monday, said Tariq Zahir, managing member at Tyche Capital Advisors.

Oil futures end higher for the session, down for the week

Crude oil markets continue to go sideways as we don't really have any clarity to say the least.

Crude Oil Weekly Price Forecast – Crude Oil Markets Continue Noisy Behavior

Oil futures extended a rise Friday morning after the Group of Seven finance ministers agreed to a plan to cap prices on Russian crude exports, an effort to punish Moscow for the invasion of Ukraine. "Today's action will help deliver a major blow for Russian finances and will both hinder Russia's ability to fight its unprovoked war in Ukraine and hasten the deterioration of the Russian economy," said U.S. Treasury Secretary Janet Yellen, in a statement.

Oil futures extend gains after G-7 approves price caps on Russian crude

Traders are looking at how OPEC responds to falling oil prices, and there is concern Russia many not turn the gas tap back on as planned.

Oil and Gas Rise Ahead of OPEC Meeting and Russian Pipeline Restart

Oil futures bounced higher early Friday, but remained on track for hefty weekly losses, as investors awaited a meeting of the Organization of the Petroleum Exporting Countries and its allies early next week.

Oil prices bounce off 2-week lows ahead of OPEC+ meeting

OPEC+ is due to meet on Sept. 5 against a backdrop of expected declines in demand, though top producer Saudi Arabia says supply remains tight.

Crude Oil Price Update – Straddling Major 50% Support at $88.26

Oil and Gas Rise Ahead of OPEC Meeting as Russia Due to Restart European Gas

Oil prices climbed on Friday on bets that OPEC+ will discuss output cuts at a meeting on Sept. 5, but the benchmarks were still on track to post their worst weekly drop in four on fears COVID-19 curbs in China and weak global growth will hit demand.

Oil firms on bets OPEC+ will talk up output cuts to stem sinking prices

OPEC+ is set to meet on Labor Day to discuss the energy market, as member nations have signaled an appetite to cut production targets, a move that could send oil

Oil Prices Slip; OPEC+ Meets Monday Amid Production Cut Rumors

Oil futures fell Thursday, with U.S. benchmark prices down by more than 3%, as new COVID-19 related lockdowns in China fed worries about a slowdown in energy demand. "China is the key question mark for the crude demand outlook and it seems that reopening momentum will remain elusive," said Edward Moya, senior market analyst at OANDA.

U.S. oil futures settle with a more than 3% loss

Oil prices posted their biggest monthly loss of the year in August, despite expectations that major producers may be ready to consider cutting production at the next meeting of the Organization of Petroleum Exporting Countries and its allies, known as OPEC+, on Sept. 5.

Why talk of an OPEC+ output cut has failed to revive oil prices

Crude oil markets have fallen again during the trading session on Thursday as we continue to price in the idea of a slowing global economy.

Crude Oil Price Forecast – Crude Oil Markets Pulled Back Down

The bearish wildcard remains a possible revival of a 2015 Iran nuclear deal which would allow the OPEC member to boost its oil exports.

Oil Price Fundamental Daily Forecast – Pressured by Demand Concerns Over Fresh China COVID Restrictions

Oil futures began September under pressure Thursday, falling after Chinese authorities locked down Chengdu, a city of 21 million, in an effort to control the spread of COVID-19, contributing to concerns about economic growth.

Oil slumps over 2% as China imposes new lockdowns

Oil Prices Have Been Falling, Though OPEC Cuts Could Drive Them Up Again

Oil prices will hold steady for the rest of the year but decline marginally in 2023, according to a group of analysts who spoke to CNBC this week.

Oil prices will hold steady this year, analyst say, though 2023 may see declines

Oil prices fell in early Asian trade on Thursday, led lower by increased supply and worries that the global economy could slow further with renewed restrictions to curb COVID-19 in China.

Oil falls on greater supply, lower China demand

Fears of recession and waning demand are hitting a market struggling with sluggish trading activity.

Oil Falls for Third Month in a Row

NEW YORK (Reuters) -U.S. crude oil production rose in June by 1.7% to its highest since April 2020, according to a monthly report from the U.S. Energy Information Administration on Wednesday.

U.S. oil output rises 1.7% June to highest since April 2020 -EIA

Oil futures fell Wednesday to settle at their lowest in two weeks, with prices losing 9.2% for the month. "The OPEC part of OPEC+ has expressed concerns about demand and, at times, members are raising the possibility of cutting [production] quotas," said James Williams, energy economist at WTRG Economics.

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