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

Oil futures headed higher on Wednesday, as China's rollback of some COVID-19 measures boosted the outlook for energy demand and traders awaited a report from the U.S. government that's expected to show a weekly decline in domestic crude inventories.

Oil prices rise ahead of official data on U.S. petroleum supplies

A new report from Enverus Intelligence Research (EIR) warns of a return to $100 prices for crude oil during 2023, amid tight supplies and rising costs in America's shale oil and gas industry.

Report: Expect A Return Of $100 Oil In 2023

Traders are blaming the weakness on concerns about recession and easing fears that the cap on Russian oil prices would lead to a supply shortage.

Oil Price Fundamental Daily Forecast – Lower as Recession Fears Offset New COVID Easing in China

US West Texas Intermediate oil futures tanked 3.5% to their lowest settlement price this year at $74.25 a barrel, while international Brent crude futures settled 4% lower at $79.35 a barrel.

Days after the EU's $60/barrel price cap kicked in, oil prices slump to pre-Ukraine war levels over economic uncertainty

Oil prices were mixed in early Asian trade on Wednesday after falling to their lowest settlement levels this year as economic uncertainty and the prospect of higher interest rates pressured prices.

Oil opens mixed as economic fears pressure prices

The greenback strengthened into the close on bets of higher rates by the Fed, making dollar-denominated oil more expensive for foreign buyers.

Crude Oil Price Update – Strong Dollar Pushing Market into Major Value Zone at $72.31 – $63.73

Brent, the international benchmark grade, dropped 4% to $79.35, marking its first time below $80 since January.

Oil Falls Below $80 as 'Panic' Over Demand Grows

Oil futures fell sharply on Tuesday, with U.S. prices marking at their lowest price of the year. The oil market is “moving in fear that the Federal Reserve is going to drive the economy into a recession,” said Phil Flynn, senior market analyst at The Price Futures Group.

U.S. oil futures settle at lowest price of the year

Russia plans to fight against the oil price cap mechanism.

Russia's Answer To The Oil Price Cap? An Oil Price Floor

The U.S. Energy Information Administration on Tuesday raised its forecast for this year's crude output growth marginally, while petroleum demand is likely to rise less than previously expected.

U.S. crude output and petroleum demand to rise in 2022 - EIA

That crude oil prices and inflation have a correlation is long known. The issue is which comes first, and is oil causal for inflation or vice versa.

Inflation Is Not Oil's Fault

Oil slipped again Tuesday after the price of Brent crude settled at its lowest level since January one day earlier as worries about more interest rate rises by the Federal Reserve rippled across markets despite concerns about the impact of the G7 price cap on Russian oil imposed Monday.

Oil slides as worries about more Fed hikes rattle market

More than a dozen massive oil tankers are stuck near the exit to the Black Sea, the first noticeable disruption to global energy markets after the West imposed a price cap on Russian crude.

Oil Price Cap Triggers Tanker Traffic Jam in Turkish Straits

Oil declined the most in two weeks on Monday after data showed the U.S. services sector is stronger than expected.

Oil Prices Fall Further Despite Tanker Traffic Jam Off Turkey

The divergence has surprised some on Wall Street, as sputtering crude prices threaten to undermine producers' profits.

Oil Prices and Energy Stocks Are Headed in Different Directions. What Gives?

They declined the most in two weeks on Monday after data showed the services sector is stronger than expected.

Oil Prices Stay Lower After Big Drop on Worry About Fed Hikes

A stronger greenback tends to weigh on foreign demand for dollar-denominated crude oil. This is likely the main reason prices fell on Monday.

Oil Price Fundamental Daily Forecast – Fed Rate Hike Concerns Support Dollar, Cap Crude Oil Gains

An EU price cap on Russian crude oil exports kicked in Monday. Shipping insurance providers need to abide by the new rules.

The EU price cap on Russian oil is already disrupting the market — tankers are piling up off Turkey after Ankara demands insurance paperwork

Oil prices edged higher on Tuesday, after a G7 price cap on Russian seaborne oil came into force on Monday on top of a European Union embargo on imports of Russian crude by sea.

Oil prices rise after price cap on Russian crude, OPEC+ meeting

Uncertainty over Fed policy drove the U.S. Dollar higher, weighing on dollar-denominated commodities like crude oil and gold.

Crude Oil Price Update – Strong Greenback Weighs on Dollar-Denominated Oil

Oil markets swung into a massive redrawing of trade routes Monday as EU's embargo of Russian oil took full effect. The post Oil Markets In Flux As Embargo Deepens; China, India Demand Russian Discounts appeared first on Investor's Business Daily.

Oil Markets In Flux As Embargo Deepens; China, India Demand Russian Discounts

Compass

Global X Dow 30 Covered Call ETF

United States Natural Gas Fund LP

Exchange-traded funds focused on oil and gas dropped Monday, as investors weighed a price cap on Russian oil as well as economic data prompting concerns that the Federal Reserve may need to keep up its aggressive monetary tightening for longer. Shares of the SPDR S&P Oil & Gas Exploration & Production ETF XOP, -4.64% closed about 4.6% lower Monday, while the United States Oil Fund LP USO, -3.04% finished down around 3% and the United States Natural Gas Fund UNG, -10.38% tanked about 10.4%, according to data from FactSet.

Energy ETFs drop as investors weigh Russian oil cap, Fed concerns after fresh economic data

Oil futures fell on Monday, with U.S. prices settling at their lowest price in more than a week. The Institute for Supply Management's reading on U.S. service-sector business conditions rose to 56.5% in November, despite efforts by the Federal Reserve to ease inflation.

U.S. oil futures settle at lowest in more than a week

Oil prices spiked early Monday, paring last week's dip to their lowest level since early January, as markets held their breath about Russia's reaction to the price cap on its oil exports implemented Monday by the U.S., European Union and its allies.

Oil Surges As Russian Oil Price Cap Kicks In—Here's How High Experts Predict It Could Go

“XLE” – the Energy Select Sector SPDR Fund is in the red on Monday after OPEC+ agreed against cutting oil production further that sent oil prices back under $80 a barrel.

News for United States Oil Fund LP ETF (USO)