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 decision by OPEC and allied countries to cut crude production through March delivered a late Christmas present for U.S. shale firms that have slashed costs, but any rise in prices spurred by the unexpected move may be just a modest stocking stuffer.

OPEC crude output cuts should help U.S. shale profits in 2021

Oil futures rose Friday for a fourth straight session, with U.S. prices posting a weekly gain of 7.7%. Analysts attributed the bulk of the week's gains to Saudi Arabia's recent decision earlier this week to cut its output by additional 1 million barrels per day starting next month.

Oil futures settle higher, with U.S. prices tallying a weekly climb of nearly 8%

Oil futures rise Friday, continuing to build on gains sparked in large part to Saudi Arabia's decision earlier this week to unilaterally slash crude output.

Financial Stocks: Oil prices on track for weekly gain after Saudi output cut

Oil prices edged higher on Friday, hovering near 11-month highs hit the previous day, as Saudi Arabia's pledge to make voluntary cuts to its output continued to buoy the mood in the market though worries over slower fuel demand capped gains.

Oil hovers near 11-month highs, sustained by Saudi output cuts pledge

Oil futures rose Thursday for a third straight session, settling at another 11-month high. Four consecutive weeks of declines in U.S. crude supplies and Saudi Arabia's recent decision to cut its output by additional 1 million barrels per day starting next month continued to support prices.

Oil futures post a third straight session climb

Oil futures rise Thursday, extending gains scored the previous session after data showed a larger-than-expected drop in U.S. crude inventories.

Futures Movers: Oil prices extend rise as crude inventory drop, Saudi production cut provide tailwind

Oil prices were steady on Thursday after supporters of President Donald Trump stormed the U.S. Capitol, with investors focusing on the likelihood of tighter supplies after Saudi Arabia unilaterally agreed to cut output.

Oil steady after U.S. Capitol drama; tighter supplies in focus

Saudi Arabia unilaterally cuts production to make up for increase in Russian output and maintain price stability. The move was applauded by the market but is a sign of weakness for the Saudis and OPEC.

Oil Market Bulls Feast On Free Lunch Served Up By Saudi Arabia

Brent crude oil could surge to $65 per barrel by the end of 2021, even as near-term demand is set to be weak due to rising COVID-19 infections, Goldman Sachs said in a note on Tuesday. A move to $65 would represent potential upside of 21% as of Tuesday's close. Brent traded up as much as 1% in Wednesday trades, extending its two-day surge to as much as 7%. The initial rally was sparked by Saudi Arabia's surprise decision to cut its oil production by 1 million barrels per day throughout February and March.

Oil will surge 21% this year even as spiking COVID-19 infections hamper near-term demand, Goldman Sachs says

Oil futures climbed on Wednesday, with U.S. prices settling above $50 a barrel for the first time since last February, buoyed by a fourth straight decline in U.S. crude inventories, as well as Saudi Arabia's decision to cut its output by an additional 1 million barrels per day starting next month. February West Texas Intermediate crude rose 70 cents, or 1.4%, to settle at $50.63 a barrel on the New York Mercantile Exchange.

U.S. oil futures settle above $50 for the first time in 11 months

Oil futures headed higher on Wednesday after the Energy Information Administration reported that U.S. crude inventories fell by 8 million barrels for the week ended Jan. 1. That compared with the decline of 1.2 million barrels forecast by IHS Markit analysts.

Oil futures head higher after EIA reports an 8 million-barrel weekly drop in U.S. crude supplies

Goldman Sachs sees demand rebounding by March, with the arrival of warmer weather and increased vaccinations.

Oil prices expected to struggle despite Saudi cuts, but Goldman is more bullish than most

The WTI crude oil contract has shaken off pandemic headwinds but is still mired in a long-term downtrend.

Crude Oil Above $50 for the First Time in 10 Months

Oil futures edge lower Wednesday, puling back from an 11-month high set a day earlier after Saudi Arabia surprised traders with a unilateral production cut.

Futures Movers: Oil pulls back after surprise Saudi output cut pushes crude to 11-month high

Brent oil prices rose on Wednesday to the highest since February after Saudi Arabia agreed to make bigger cuts in output than expected during a meeting with allied producers, while industry data showed U.S. crude stockpiles fell last week.

Brent oil rises to highest since February after Saudi Arabia output cut

The leap was a response to Saudi Arabia's announcement of a production cut.

Oil Price Jumps to Nearly Year-High Level Above $50

The Saudis said the 1 million bpd is a gift "to support the market" but it looks more like capitulation to a Russian oil ministry that drove a hard bargain.

Oil Prices Rise On ‘Surprise' Saudi Production Cut, But Can The Rally Last?

Oil soars as Saudi Arabia makes "magnanimous" move.

Oil tops $50 as Saudi Arabia steps up

Oil futures climbed on Tuesday, with U.S. prices settling just below $50 a barrel, but marking their highest finish since February. The Organization of the Petroleum Exporting Countries and their allies, together known as OPEC+, reached a deal on output curbs starting in February, with Saudi Arabia agreeing to cut an additional 1 million barrels per day in February and March, as output quotas from Russia and Kazakhstan increase by a combined 75,000 barrels a day.

Oil futures settle higher as OPEC+ reaches a deal on output curbs starting in February

Oil prices soared as much as 5% on Tuesday after Saudi Arabia announced a surprise oil production cut of an extra 1 million barrels per day throughout February and March, Bloomberg reported. WTI Crude prices jumped to a 10-month high, above $50 per barrel, and oil-related stocks like Marathon Oil and Occidental Petroleum jumped as much as 14% in Tuesday trades.

Oil stocks soar after Saudi Arabia announces surprise production cut of 1 million barrels per day

The Organization of the Petroleum Exporting Countries and their allies, together known as OPEC+, reached an agreement Tuesday following an extended meeting to essentially keep total production curbs for most producers in place in February and March, but Saudi Arabia will cut more output to offset higher production from Russia and Kazakhstan.

Commodities Corner: In ‘gesture of good will,' Saudi Arabia to cut more oil output as Russia, Kazakhstan bump up production

Energy Select Sector SPDR Fund

Crude oil and crude ETFs are surging on Tuesday, and energy ETFs are also making big gains thanks to moves from Chevron and Exxon. U.S. oil futures rocketed 5% to break above $50 per barrel for the first time since February, as the Energy Select Sector SPDR Fund (XLE) climbed 4.5%, as Chevron and Exxon gained over [.

Crude ETFs Surge As Russia Agrees To Production Compromise

Traders are optimistic, but the oil market isn't out of the woods yet.

Oil Rebounds Above $50 For The First Time In Months After Saudi Arabia, Russia Agree On Output Levels

Crude oil prices break through $50 a barrel. Shares of energy producers surge.

OPEC and Russia Agree to Hold Oil Production Steady Through February

Oil futures traded near Tuesday's session highs following reports that the Organization of the Petroleum Exporting Countries and their allies, together known as OPEC+, reached a compromise on production curbs. OPEC+ will maintain output levels through February, delaying any increase until March, The Wall Street Journal reported, citing officials familiar with negotiations.

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