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

U.S. oil drillers are sticking to pledges to temper spending on boosting output, keeping the world's top crude producer on course for slower growth in 2024 in what may ease pressure on OPEC+ to make further supply cuts this weekend.

US oil producers maintain modest growth as OPEC+ eyes extended cuts

Saudi Arabia has invited OPEC+ oil ministers to Riyadh to hold their June 2 policy meeting to discuss a complex deal that may extend deep oil production cuts into 2025, sources from the producer group told Reuters on Friday.

Saudi Arabia invites OPEC+ ministers to Riyadh for June 2 meeting, sources say

OPEC+ members on Sunday are expected to review voluntary output cuts of 2.2 million barrels per day. Oil market analysts generally agree that group will likely keep those cuts in place.

U.S. crude oil on pace for worst month of year ahead of weekend OPEC+ meeting

Oil futures were little changed early Friday, but were on track for their first monthly declines of 2024 as traders fretted over gasoline demand and awaited a weekend decision on production cuts by the Organization of the Petroleum Exporting Countries and its allies.

Oil prices steady as traders await OPEC+ decision on production cuts

Analysts have lowered their 2024 oil price forecast for the first time since February, reflecting lower risks to supply from ongoing wars in the Middle East and Ukraine, a Reuters poll showed on Friday, as markets gear up for a meeting of OPEC and its allies this weekend.

Oil price forecasts cut as supply risks trend lower

Saudi Arabia said Friday it will sell a second sliver of stock in its state oil giant Aramco worth billions of dollars, its first tranche since its initial public offering back in 2019.

Oil giant Saudi Aramco offers a second stock tranche worth billions of dollars

The oil-producing Organization of the Petroleum Exporting Countries and its allies could extend existing output cuts this week, delegates and analysts tell CNBC, even as focus shifts from Middle East tensions to summer demand. Four OPEC+ delegates, who spoke anonymously because of the sensitivity of talks, told CNBC the 2.2 million-barrels-per-day supply reductions will likely be prolonged, with one noting that the alliance would avoid shifting approach at a time when oil prices are relatively stable.

Oil alliance OPEC+ could extend production cuts this weekend as focus shifts away from Middle East tensions, sources say

Oil prices fell early on Friday as investors responded to comments from U.S. Fed officials who said it was too soon to start considering rate cuts, and following a surprise build in U.S. gasoline stocks that weighed on the market.

Oil falls as Fed policymakers look to maintain rate cuts, gasoline stocks rise

OPEC+ is working on a complex deal to be agreed at its meeting on Sunday that will allow the group to extend some of its deep oil production cuts into 2025, three sources familiar with OPEC+ discussions said on Thursday.

OPEC+ working on complex oil cut extension deal for 2024-2025, sources say

Oil stocks fell by 4.2 million barrels — a greater decline than was expected.

U.S. Crude Oil Stocks Fall More Than Expected

Gasoline inventories increased by 2.0 million barrels, exceeding analyst estimates.

Crude Inventories Declined By 4.2 Million Barrels

U.S. crude stocks fell while gasoline and distillate inventories rose in the week ending May 24, the Energy Information Administration said on Thursday.

US crude stocks fall, gasoline and distillate inventories rise - EIA

OPEC+ members that are making 2.2 million barrels per day of voluntary oil output cuts are discussing extending them until the end of the year, three OPEC+ sources said ahead of the group's meeting on Sunday.

OPEC+ discuss keeping voluntary oil cuts until year-end, sources say

U.S. crude oil is down 3.2% in May, its worst performance since December. Oil prices have traded in a tight range over the past month as inventories have stabilized, though soft economic data points to further downside risks, according to Barclays.

U.S. crude oil falls 3.2% in May, on pace for worst month of the year

Oil futures fell Thursday, feeling pressure as equities and other assets perceived as risky extended a selloff and traders awaited official data on U.S. inventories.

Oil prices sink as wider market selloff continues and traders await inventory data

ConocoPhillips is the latest to bulk up as investors pay up for size.

Big Oil Companies Will Just Keep Getting Bigger

Oil prices were down on Thursday as the markets wait on the latest U.S. crude oil stockpiles data while resilient U.S. economic activity pointed to borrowing costs staying higher for longer in a potential blow to demand.

Oil prices down on demand woes as markets await U.S crude stockpiles data

Members of the Organization of the Petroleum Exporting Countries and their allies, together known as OPEC+, will hold a much-anticipated ministerial meeting via videoconference on June 2 — and the oil market has already made the assumption that the group will extend its voluntary output cuts by three months, or to the end of the year.

Oil prices could turn volatile if OPEC+ fails to extend production cuts this weekend

Rising global oil inventories through April due to soft fuel demand may strengthen the case for OPEC+ producers to keep supply cuts in place when they meet on June 2, OPEC+ delegates and analysts say.

Oil storage rise supports case for keeping OPEC+ cuts, sources say

Oil futures were on the rise early Tuesday, finding support as traders awaited a June 2 meeting of the Organization of the Petroleum Exporting Companies and its allies that's expected to see the group extend production cuts due to expire at the end of next month.

Oil prices boosted as traders await OPEC+ decision on production cuts

With ConocoPhillips reportedly on the cusp of an all-stock deal to buy Marathon Oil Corp., the end of several years of consolidation among the industry's big players is nigh.

Why a possible ConocoPhillips/Marathon Oil merger may be the last among the majors

The growing shadow fleet of tankers transporting sanctioned Iranian, Venezuelan and Russian oil is filling up with the cheapest fuel available, hindering industry efforts to use cleaner fuel to cut shipping emissions, according to shipping data and sources.

Growing armada shipping sanctioned oil burns dirty fuel in a setback for clean-up efforts

Oil prices rose on Wednesday on expectations major producers will maintain production cuts at a meeting this Sunday at the same time fuel consumption should begin rising with the start of the peak summer demand season.

Oil rises as major producers expected to keep output cuts in place

Crude oil futures appear to have begun the next big downward push which could persist into autumn or winter. On a faster time frame though, a minor upward retrace is probably due.

Crude Oil Elliott Wave Analysis: Nearing Bearish Reversal?

Goldman Sachs Physical Gold ETF

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UBS Group AG

ProShares Ultra Gold

Commodity prices still have room to rally, with rising demand and deepening supply shortages in oil and copper likely to keep prices well-supported over the next six to 12 months, according to UBS Global Wealth Management.

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