United States Oil Fund LP

USO holds predominantly short-term NYMEX futures contracts on WTI crude oil.

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

ProShares Ultra Bloomberg Crude Oil

SPDR S&P Oil & Gas Exploration & Production ETF

Analysts rushed to cut China growth forecasts, which served as an additional bearish catalyst for oil markets.

Natural Gas, WTI Oil, Brent Oil – Oil Pulls Back As China Growth Disappoints

Crude oil markets have been all over the place during the early hours on Monday, as we try to sort things out.

Crude Oil Price Forecast – Crude Oil Continues to Undulate

Oil futures fell Monday, kicking off the week on a negative note after data on China's economic growth fell short of expectations.

Oil prices retreat after weak China data

Gross domestic product increased just 0.8% in the second quarter, compared with 2.2% in the first quarter.

China Growth Disappoints. Oil Falls, Stocks Are Mixed.

China's economic slowdown, Libyan oil production resumption and a slightly better US Dollar contribute to early WTI crude oil weakness.

Oil Price Forecast: Pressured by Weak China GDP Growth, Libya Output Resumption

Oil prices dipped for a second session on Monday after Libya resumed production over the weekend while China, the world's largest crude importer, is expected to release economic data showing that its post-pandemic recovery is fizzling out.

Oil slips after Libya resumes output, China data eyed

I am shifting from a neutral to bullish stance on oil/gas assets, with the potential for shortages in crude oil supply by the summer of 2024. Risks to oil supply include any disruptions from geopolitical events caused by the ongoing Russia/Ukraine war, potential Chinese invasion of Taiwan, or possible Israeli attack on Iran's nuclear facilities. United States Oil Fund could be a smart play due to overly-bearish futures player positioning, the backwardation of futures, and beneficial interest rates earned on cash holdings.

USO: Crude Oil Spike Usually Appears At End Of Economic Cycle (Rating Upgrade)

Oil futures declined on Friday but after settling a day earlier at their highest since April, prices ended the week with a gain of more than 2%. “Oil benchmarks have been reinvigorated by the ailing U.S. dollar as markets ramp up hopes that the Fed's rate-hike cycle will soon come to an end,” said Han Tan, chief market analyst at Exinity Group.

U.S. oil futures settle more than 2% higher for the week

Oil traders decided to take some profits off the table after the strong rally.

Natural Gas, WTI Oil, Brent Oil – Oil Pulls Back On Profit-Taking

The crude oil markets have rallied during the course of the week, the break above the recent consolidation area that we had been in.

Crude Oil Weekly Price Forecast – Crude Oil Markets Break Out

Crude oil markets have pulled back just a bit during the trading session on Friday, as the 200-Day EMA has come into the picture.

Crude Oil Price Forecast – Crude Oil Markets test 200-Day EMA

Crude oil prices were marginally lower on Friday but on track to cap off their strongest two-week streak of gains since April as production cuts and a weaker U.S. dollar have pushed prices higher.

Oil prices on track for best two-week streak since April as U.S. dollar weakens

A series of oil supply disruptions across the globe has helped push Brent crude prices above $81 a barrel for the first time since April.

Factbox: Oil supply disruptions boost prices

WTI Crude oil surges on Libyan and Nigerian supply disruptions, OPEC's demand forecast, and deeper oil cuts by Saudi Arabia and Russia.

Oil Price Forecast: Supply Disruptions, Demand Optimism Propel Market

Oil prices rose on Friday on support from tighter supply amid issues in Libya and Nigeria and easing U.S. inflation, which markets hope may bring an end to interest rate hikes in the world's biggest economy.

Oil prices up on tighter supply, lower US inflation

Oil futures rose for a third straight session on Thursday to settle at their highest since late April. Crude's continued rally is driven by “a technical bounce, short covering, OPEC+ cuts and their manifestation in lower exports, as well as strong peak seasonal demand from refineries,” said Matt Smith, lead oil analyst for the Americas at Kpler.

Oil futures settle at highest since late April

With volatility low, a call option on the USO oil fund may be a good bet.

Could Record-Low Oil Reserves Bring $100 Oil Prices? This Call Option Bets On It

U.S. inflation data provided support to WTI oil and Brent oil.

Natural Gas, WTI Oil, Brent Oil – Oil Prices Test New Highs

Crude oil markets paused a bit during the trading session on Thursday, as we have stretched a bit for the last couple of weeks.

Crude Oil Price Forecast – Crude Oil Markets Pause

Oil prices rose slightly to reach their highest levels since April on Thursday as declining inventories and production cuts helped boost prices amid the annual summer surge in demand.

Oil prices edge up to highest since April, bolstered by weaker U.S. dollar, production cuts

International Energy Agency still expects a record high this year, but for growth to be lower than thought

Economic ‘headwinds' lead IEA to cut global oil demand forecast

OPEC on Thursday maintained an upbeat world oil demand outlook despite economic headwinds, raising its growth forecast for 2023 and predicting only a slight slowdown in 2024 as China and India continue to drive the expansion in fuel use.

OPEC upbeat over 2024 oil demand outlook despite headwinds

The IEA on Thursday cut its global oil demand growth forecast for the first time this year, primarily citing a worsening economic outlook.

IEA trims oil demand forecast for the first time this year on 'persistent' economic headwinds

WTI crude oil prices surge as positive U.S. data and robust Chinese imports drive market optimism.

Oil Price Forecast: Optimistic US Data, Strong Chinese Imports Drive Buyers

Oil prices rose in early Asian trade on Thursday after U.S. inflation and economic data sparked hopes the Federal Reserve may have fewer interest rate hikes in store for the world's biggest economy.

News for United States Oil Fund LP ETF (USO)