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

Oil demand is expected to rise over the next decade and the fossil fuel will remain to be a crucial part of the energy mix, even as renewables draw increasing attention, Hess Corp Chief Executive John Hess said at CERAWeek on Monday.

Oil executives say demand will rise, despite emphasis on renewables

Oil futures rise Monday, buoyed ahead of a decision this week by the Organization of hte Petroleum Exporting Countries and its allies that's expected to see a loosening of production curbs.

Futures Movers: Oil prices resume rally ahead of this week's OPEC+ decision on crude production

That means prices for prompt oil deliveries trade at a premium to oil for later delivery and indicates a tight crude market.

Oil's Remarkable Price Run Is Just Beginning

Oil prices rose more than $1 on Monday on optimism in the global economy thanks to progress in a huge U.S. stimulus package and on hopes for improving oil demand as vaccines are rolled out.

Oil prices climb after progress on huge U.S. stimulus bill

Oil futures settled lower on Friday, but U.S. prices ended the month nearly 18% higher after marking a nearly 22-month settlement high on Thursday. Crude-oil futures have climbed "in anticipation of improvements in demand, while global supplies remained constricted," said Marshall Steeves, energy markets analyst at IHS Markit.

Oil futures decline, but U.S. prices gain nearly 18% for the month

Major oil producers will put their negotiation skills to the test when they meet to discuss production levels in early March, as Saudi Arabia and Russia attempt to seek balance between crude prices at their highest in more than year, tightening global supplies and an uncertain path of recovery for energy demand.

Commodities Corner: Here's what the oil market thinks OPEC+ should do next

The oil price held strong all week as sentiment improved and investors and analysts looked to a brighter year ahead. In Friday trading, Brent crude was still holding above US$66 with West Texas Intermediate (WTI) close to US$63 a barrel.

Oil price set to rise at 'fastest rate in years' as traders look to brighter year ahead

Oil futures trade significantly lower, with the U.S. benchmark pulling back from a 22-month high, as a stronger dollar and jitters ahead of next week's OPEC+ meeting inspire a round of apparent profit-taking.

Futures Movers: U.S. oil benchmark falls from 22-month high as dollar rises

Oil prices will stage a steady recovery this year as vaccines reach more people and speed an economic revival, with further impetus coming from stimulus and output discipline by top crude producers, a Reuters poll showed on Friday.

Oil set for steady gains as economies shake off pandemic blues: Reuters poll

Oil futures were mixed Thursday, with U.S. prices inching higher to mark their highest finish since May 2019, but global benchmark Brent down for the session. OPEC+ may discuss the possibility of raising oil production in a meeting next week, putting pressure on prices that are set to post hefty gains for the month of February, but traders also looked to upbeat economic data that point to continued recovery, which bodes well for energy demand.

U.S. oil futures eke out highest finish since May 2019, but Brent crude settles lower

Oil futures rise Thursday, on track for a fourth straight winning session as crude tests levels last seen in January of 2020 as traders found reassurance in testimony this week by Federal Reserve Chairman Jerome Powell.

Futures Movers: Oil prices on track for 4-day winning streak, trading at more-than-1-year highs

Crude oil and crude ETFs are gaining again Wednesday after sliding on Tuesday following a surprise U.S. inventory build reported by the API. Oil is also bolstered by a struggling restart to U.S. oil production lost during the Texas Freeze and a weaker U.S. dollar.

Crude Oil ETFs Continue to Rally Despite Surprise Inventory Build

A stark turnaround for last year's worst-performing sector is minting this year's biggest stock-market winners.

Energy Stocks Are Outperforming Every Other Sector This Year–Here Are The Winners

Oil futures climbed sharply Wednesday to post their highest finish over 13 months. Data from the Energy Information Administration released Wednesday revealed an expected weekly rise in U.S. crude supplies, but distillate stockpiles dropped as refinery activity in Texas slowed in the wake of winter storms last week.

Oil futures post highest finish in over 13 months

The Energy Information Administration reported Wednesday that U.S. crude inventories climbed by 1.3 million barrels for the week ended Feb. 19. That defied expectations for an average fall of 4.8 million barrels, according to a survey of analysts polled by S&P Global Platts.

Oil prices near session highs; EIA reports a weekly rise for U.S. crude supplies, but distillate stocks drop

Oil prices fell in early trade on Wednesday after industry data showed U.S. crude inventories unexpectedly rose last week as a deep freeze in the southern states curbed demand from refineries that were forced to shut.

Oil slips after U.S. crude stocks rise amid deep freeze hit to refiners

Prices for the U.S. oil benchmark made modest moves on Tuesday, settling a few cents lower for the session after a more than 4% climb a day earlier. Traders continued to eye the pace of recovery for energy production in Texas and also weighed potential outcomes for next week's meetings among major oil producers.

U.S. oil futures end slightly lower a day after climbing by more than 4%

Oil prices will spike in the coming months, analysts at big investment banks Goldman Sachs and Band of Americal Merrill Lynch are predicting, as recovering economies increase demand but supply is constrained. Brent crude futures, which started the session at under $65 per barrel, will hit US$70 in the second quarter of 2021 and then rise to US$75 by the summer, Goldman's commodities team forecast.

Oil prices could spike to $100, analysts reckon

Oil prices rose again on Tuesday after a jump in the previous session, holding near a more than 13-month high as U.S. output was slow to return after a deep freeze in Texas shut in crude production last week.

Oil prices rise further on slow U.S. output restart

Crude oil and crude ETFs are making considerable gains Monday on renewed supply concerns and recovering demand. While international benchmark Brent crude gained $1.78, or 2.85% to trade $64.70 per barrel, West Texas Intermediate (WTI) crude oil climbed $1.89, or 3.2%, to trade at $61.13 per barrel.

Crude ETFs Climbing Again Amid Talk of a Commodities Supercycle

Saudi Arabia could decide to boost output and hold prices down.

Texas Freeze Sends Oil Higher, But Where Do Prices Go From Here? Experts Say “Up”

Oil futures rallied on Monday, with prices up by more than 3%, as traders bet that the market will see a slow recovery from the frigid Texas weather that led to reductions in crude production refinery activity. "It is likely to take some time for U.S. output to return to any sort of normal, as engineers wrestle with the problems of ice damage to various infrastructure items," said Michael Hewson, chief market analyst at CMC Markets UK.

Oil rallies by roughly 4% on bets for a slow recovery in Texas crude production

Brent oil should jump 17% from current levels to $75 per barrel this summer, with Goldman Sachs expecting a lag in supply relative to demand to support a further gain in prices. The Organization of the Petroleum Exporting Countries and its allies next month are poised to agree to boost production but the investment bank said the increase will likely fall short of its demand forecast.

Brent oil will climb 17% from current levels as demand outpaces supply, Goldman Sachs says

Oil prices will rally faster and sharper than previously expected as demand outstrips supply increases from OPEC+, Iran and U.S. shale, according to Goldman Sachs Group Inc.

Oil prices to reach $72 by summer: Goldman Sachs

Lots of demand, not enough supply and global economies recovering from the COVID-19 pandemic are all recipes for booming oil prices, says Goldman Sachs.

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