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

Despite the uptick, producers are still filling about 5 million fewer barrels of oil each day than before the pandemic.

Oil Producers Agree To Boost Production By 450,000 Barrels Per Day As Travel Picks Up

The Organization of the Petroleum Exporting Countries and their allies, together known as OPEC+ agreed at a meeting held Tuesday to keep its current production agreement in place to "gradually return 2 million barrels a day...of the adjustments to the market.

OPEC+ keeps its agreement to gradually return 2 million barrels a day to the market through July

According to analysts, OPEC+ is likely to boost output, flooding a hot energy market with more barrels, even as uncertainty remains over the Covid-19 pandemic.

Get Ready for Another Output Increase From OPEC and Russia

Oil prices traded near two-year highs on Tuesday, pushing Brent crude above $70 a barrel. Investors are expecting OPEC+ to confirm that they will continue to raise production only gradually over the coming two months, thereby implying no change in the their current policy, at a meeting on Tuesday. Brent crude was trading around $70.81 per barrel at 05:33 E.T, up 2.15% on the day. This was the first time prices have risen above the $70 mark since March, when Brent briefly rose above $71. Oil futures last traded at these levels in 2019, well before the Covid-19 pandemic broke out. WTI futures were last trading at $68.17, up 2.79%.

Oil prices near 2-year highs above $70 as investors expect OPEC+ to confirm its supply policies

Crude prices soared on Tuesday ahead of a meeting of the Organization of the Petroleum Exporting Countries and their allies that will decide on production levels.

Futures Movers: Crude prices surge to more than 2-year high ahead of OPEC+ meeting

Oil prices rose on Tuesday ahead of an OPEC+ meeting and on optimism that fuel demand will grow in the months ahead with the summer driving season starting in the United States, the world's top oil consumer.

Brent rises to near $70 on demand prospects and ahead of OPEC+ meet

U.S. oil futures settled with a loss on Friday, following five consecutive session gains, but prices settled higher for the week, as well as the month. "The U.S. economy is firing on all cylinders, with good news in every direction," said Manish Raj, chief financial officer at Velandera Energy.

U.S. oil futures settle lower, but post gains for the week and month

The Organization of the Petroleum Exporting Countries and their allies will have a lot on their minds on Tuesday when they gather via teleconference to assess the latest developments in the oil sector.

Commodities Corner: Here's what's in store for Tuesday's OPEC+ meeting

U.S. oil futures head higher for a sixth straight session Friday, with the commodity set to show gains for the week and month of May.

Futures Movers: U.S. oil rises for 6th straight session, set for weekly, monthly gains after posting highest settlement since 2018

Oil futures settled higher on Thursday, stretching their streak of consecutive gains to a fifth session, the longest run since an eight-session climb ended on Feb. 10. The price climb followed data released Wednesday that revealed a decline in U.S. supplies of crude, gasoline and distillates.

Oil futures up a 5th session for longest winning streak since February

Oil futures lose ground Thursday, with nervousness over the potential return of Iranian crude supply keeping a lid on the market.

Futures Movers: Oil prices slip as traders remain nervous over potential Iran deal

Oil futures settled slightly higher on Wednesday to tally a fourth gain in a row. Despite the bullish fundamentals for oil, including the weekly decline in U.S. crude and gasoline supplies, concerns about the potential addition of Iranian oil, as well as the impact from the Chinese crackdown on retail commodity investors remain, said Phil Flynn, senior market analyst at The Price futures Group.

Oil futures finish with a modest gain, up a 4th straight session

The Energy Information Administration reported Wednesday that U.S. crude inventories fell by 1.7 million barrels for the week ended May 21. On average, analysts polled by S&P Global Platts forecast a decline of 2.2 million barrels for crude stocks, while the American Petroleum Institute on Tuesday reported a 439,000-barrel decline, according to sources.

Oil futures pare losses as EIA reports weekly declines in U.S. crude and gasoline supplies

Oil futures edge lower Wednesday as investors assess the demand outlook. U.S. data on inventories is due later Wednesday.

Futures Movers: Oil edges lower ahead of U.S. official inventories data

Oil futures edge lower in choppy trade Tuesday, with investors keeping a close eye on developments around talks aimed at reviving the Iran nuclear deal.

Futures Movers: Oil fades as traders eye Iran nuclear talks

This "energy transformation" dynamic continues to plot the path toward another $100-plus oil price environment.

Oil Prices Roaring Back Just In Time For Memorial Day Travel

Crude oil futures and ETFs are surging Monday amid a projected weather event, a potential issue with resurrecting the 2015 Iran nuclear deal, and new input from Goldman Sachs. Brent crude oil futures for July rallied $1.71, or 2.57%, to $68.15 per barrel, while the July contract for U.S. benchmark West Texas Intermediate crude futures hit $66.02 [.

Crude Oil ETFs Surge Again as Analysts Project More Upside

Oil futures moved sharply higher on Monday, with U.S. prices posting their highest settlement in a week, buoyed by some doubts that an Iran nuclear deal will be reached anytime soon. A lack of cooperation by Iran, as well as "skeptical comments about Iranian compliance" by U.S. Secretary of State Antony Blinken, both "lower the odds that a new agreement is reached and therefore, suggest sanctions are not likely to be lifted in the near to medium term," said Tyler Richey, co-editor at Sevens Report Research.

U.S. oil futures end at highest in a week as some doubts over an Iran nuclear deal surface

Oil futures trade higher Monday, with crude taking a cue from a positive tone for equities and a softer U.S. dollar, though traders continue to keep an eye on talks aimed at reviving a nuclear deal that could see Iran resume crude exports.

Futures Movers: Oil higher, taking cue from stock market as dollar weakens

Oil futures rallied on Friday, finding support from a potential storm in the Gulf of Mexico. Prices still posted a loss for the week as traders continued to eye developments toward an Iran nuclear deal.

Oil rallies for the session amid possible Gulf of Mexico storm, prices fall for the week

Oil futures bounce Friday, but are on track for a weekly loss, with pressure tied in part to signs of progress toward a restoration of the Iran nuclear deal that would lift sanctions against Tehran.

Market Snapshot: Oil on track for weekly loss as Iran nuclear talks make progress

Oil futures settled lower on Thursday, down for a third consecutive session, with U.S. prices at their lowest since late April. Prices have declined on the "premise that Iranian supply could find its way back on to the market," said Michael Hewson, chief market analyst at CMC Markets UK.

Oil futures settle lower as traders assess apparent progress in talks over Iran nuclear deal

Oil futures lost ground Thursday, with weakness attributed in part to signs negotiators are making progress toward a deal that would see the U.S. lift sanctions against Iran, returning a large source of supply to the market.

Futures Movers: Oil prices extend slide on optimism around restoring Iran nuclear deal

Oil futures declined on Wednesday, pushing prices to their lowest finish since late April, pressured by overall losses in the broader financial market, as traders digested the first weekly U.S. crude inventory rise in three weeks. West Texas Intermediate oil for June delivery fell $2.13, or nearly 3.3%, to $63.36 a barrel on the New York Mercantile Exchange, after trading as low as $61.95.

Oil futures log lowest settlement in more than 3 weeks

The past several months have seen the price of crude oil rise substantially. This isn't all that surprising given that the economy is slowly recovering from last year's COVID-19 shutdowns.

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