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 rose on Friday, with U.S. benchmark crude prices posting a weekly gain of almost 4%. "Another round of strong earnings and economic data suggest the economy can still handle the current surge in energy prices," said Edward Moya, senior market analyst at Oanda.

Oil futures finish higher, with U.S. prices up nearly 4% for the week

When crude oil prices rise, investors typically think of an improving global economy. But when crude oil price rise sharply (by a large amount over a short duration), investors worry about supply issues and/or inflation.

Will Crude Oil Price Breakout Signal Rising Interest Rates?

The oil market deficit will only get wider due to low stockpiles, an incoming cold winter, and surging jet fuel demand, said Edward Moya of Oanda.

US oil hits highest since OPEC began price war against shale producers

If oil companies cut back on upstream investment, the market share for OPEC+ will soar. This could mean future oil supply disruptions are more serious.

Peak Oil Demand Could Have Serious Consequences For Energy Security

Oil prices were hovering at multiyear highs on Friday, with Brent crude briefly trading above $85 a barrel.

Futures Movers: Oil adds to weekly gains, with Brent crude trading at 3-year high

BP, Shell, Exxon Mobil, Chevron, and other oil companies have seen stunning stock price gains over the past month.

Oil Set for Eighth Straight Week of Gains Amid Energy Crunch. These Stocks Benefit.

Oil prices climbed on Friday, heading for gains of more than 2% for the week, on increasing signs of tight supply over the next few months as rocketing gas and coal prices stoke a switch to oil products.

Oil prices rise on tight supply, set for weekly gain of more than 2%

Oil futures climbed on Thursday, with U.S. prices marking another settlement at the highest since late October 2014 after the International Energy Agency lifted its global oil-demand forecast for this year and next on the back of a "massive" switch to crude by power generators facing an energy shortage. Data from the Energy Information Administration showing a 6.1 million-barrel rise in last week's U.S. crude inventories, however, kept price gains in check.

U.S. oil futures mark another finish at highest since October 2014 after EIA lifts outlook for crude demand

Oil futures rose Thursday, boosted after the International Energy Agency underlined rising demand from power generators in the face of soaring prices for natural gas and coal.

Futures Movers: Oil rises as IEA highlights rising demand from power generators

Oil prices could stay at higher levels in the years to come as demand rebounds while supply remains tight, said Damien Courvalin of Goldman Sachs.

Goldman Sachs says oil prices could be higher for much longer

Soaring natural-gas and coal prices are forcing power-generation companies and manufacturers to switch to using oil, a move that could add half a million barrels a day to global demand, the International Energy Agency said Thursday.

IEA forecasts demand for crude next year to exceed prepandemic levels

The oil market continues to face uncertainties stemming from the COVID-19 pandemic, OPEC Secretary General Mohammad Barkindo told reporters on the sidelines of an energy forum in Moscow on Thursday.

Oil market still faces uncertainties due to COVID-19, OPEC chief says

Oil prices rose on Thursday, reversing previous losses, on expectations that high natural gas prices as winter approaches may drive a switch to oil to meet heating demand needs.

Oil rises on expectation high natural gas to drive switch for heating

The American Petroleum Institute reported late Wednesday that U.S. crude supplies rose by 5.2 million barrels for the week ended Oct. 8, according to sources. The API, which released its report a day later than usual because of Monday's Columbus Day holiday, also reportedly showed inventory declines of 4.6 million barrels for gasoline and 2.7 million barrels for distillates.

API data reportedly show a more than 5 million-barrel weekly climb in U.S. crude supplies

Oil futures declined on Wednesday, with U.S. prices falling back after settling a day earlier at a nearly seven-year high, but holding above the key $80 mark. Traders continued to weigh prospects for demand against a backdrop of tight energy supplies.

U.S. oil futures pull back from a nearly 7-year high, but hold above the key $80 mark

United States 12 Month Oil Fund LP

Take a look at some ETFs that can benefit from the latest rally in oil prices due to growing fuel consumption and OPEC+'s decision to increase fuel production gradually.

Should You Invest in ETFs Tracking the Latest Oil Rally?

USO has rallied 90% over the last 12 months thanks to the recovery of the oil market from the pandemic and the tight supply of the market. However, the current oil price is not viable in the long run.

The United States Oil ETF Has Strong Short-Term Momentum But High Long-Term Risk

Oil futures lost ground Wednesday, with the U.S. benchmark pulling back after closing the previous session at a nearly seven-year high, as traders cited worries over the outlook for global economic growth.

Futures Movers: U.S. oil benchmark pulls back from nearly 7-year high

The Organization of the Petroleum Exporting Countries, or OPEC, on Wednesday left its forecast for growth in global oil demand next year unchanged, while trimming its projection for this year. In a monthly report, OPEC said it expects 2022 demand to grow by 4.2 million barrels a day, unchanged from its September outlook, with global demand expected to average 100.8 million barrels a day, "supported by healthy economic momentum in the main consuming countries and better management of the COVID-19 pandemic.

OPEC leaves 2022 forecast for oil-demand growth unchanged, trims 2021 outlook

Oil prices dropped on Wednesday, after a mixed finish in the previous session, amid worries that soaring coal and natural gas prices in China, India and Europe will stoke inflation and slow global growth, reducing oil demand.

Oil falls on fears inflation may dent fuel demand growth

The macro-economic fundamentals are strong. Growth should pick up in 2022, which will boost demand. The chart is bullish.

USO Is A Buy

Dealmaking in the U.S. oil and gas industry in the third quarter of 2021 fell from a two-year high in the previous quarter, according to data analytics firm Enverus on Tuesday, as the industry cools from post-pandemic consolidations and focuses on selling off non-core assets.

U.S. oil and gas M&A activity in third quarter pulls back from 2-yr peak

U.S. oil futures score back-to-back settlements above the key $80 mark

Oil futures rose Tuesday, headed for a fourth straight gain amid signs of tight supplies that has users scrambling for crude.

Futures Movers: Oil extends rise as U.S. benchmark adds to push above $80 a barrel

Oil futures climbed on Monday, with U.S. prices settling above the $80 mark for the first time since late October 2014. Last week's decision by the Organization of the Petroleum Exporting Countries and their allies to raise oil output by the previously agreed upon 400,000 barrels per day each month "remains a significant tailwind for oil and the refined products right now," said Tyler Richey, co-editor at Sevens Report Research.

News for United States Oil Fund LP ETF (USO)