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 lost ground Thursday, with weakness attributed in part to signs negotiators are making progress toward a deal that would see the U.S. lift sanctions against Iran, returning a large source of supply to the market.

Futures Movers: Oil prices extend slide on optimism around restoring Iran nuclear deal

Oil futures declined on Wednesday, pushing prices to their lowest finish since late April, pressured by overall losses in the broader financial market, as traders digested the first weekly U.S. crude inventory rise in three weeks. West Texas Intermediate oil for June delivery fell $2.13, or nearly 3.3%, to $63.36 a barrel on the New York Mercantile Exchange, after trading as low as $61.95.

Oil futures log lowest settlement in more than 3 weeks

The past several months have seen the price of crude oil rise substantially. This isn't all that surprising given that the economy is slowly recovering from last year's COVID-19 shutdowns.

Crude Oil Trading At Critical Inflection Price Point

The Energy Information Administration reported Wednesday that U.S. crude inventories rose by 1.3 million barrels for the week ended May 14. On average, analysts polled by S&P Global Platts forecast a decline of 2.9 million barrels for crude stocks, while the American Petroleum Institute on Tuesday reported a 620,000-barrel increase, according to sources.

Oil futures extend losses; EIA reports a rise in U.S. crude supplies, fall in gasoline inventories

Oil futures slide Wednesday, under pressure following industry data that shows a rise in U.S. crude inventories. The drop also tracks with a slump in global equities.

Futures Movers: Oil prices fall as equities see renewed pressure, data shows rise in inventories

The American Petroleum Institute reported late Tuesday that U.S. crude supplies inched up by 620,000 barrels for the week ended May 14, according to sources. The data, however, also reportedly showed gasoline stockpiles down by 2.8 million barrels, while distillate inventories fell 2.6 million barrels.

Oil futures fall as sources say API data show a weekly rise in U.S. crude supplies

Oil futures settled with a loss on Tuesday after a tweet from BBC Persia implied that progress had been made in the Iran nuclear talks, and said that important news regarding the talks would be announced by Wednesday. Mikhail Ulyanov, Russia's envoy to the United Nations Security Council, tweeted that "significant progress" has been achieved, but "unresolved issues still remain.

Oil futures settle lower on potential progress in Iran nuclear talks

Oil futures fell sharply to fresh intraday lows on Tuesday, with traders attributing the losses to a BBC Persia report that implies progress in the Iran nuclear talks. A tweet from @bbcpersian translated to English using Google said that Mikhail Ulyanov, Russia's envoy to the United Nations Security Council in Vienna told BBC Persia that important news will probably be published by tomorrow.

Oil futures fall sharply following a BBC Persia report that implies progress in the Iran nuclear talks

Oil futures rise, with the global benchmark, Brent crude, briefly pushing above the $70-a-barrel threshold for the first time since mid-March, as traders focus on reopening activity in the U.S. and Europe.

Futures Movers: Oil trades above $70 a barrel on reopening optimism

Oil prices climbed on Tuesday, extending gains from the previous day, as optimism over the reopenings of the U.S. and European economies outweighed fears of slower fuel demand in Asia due to surging COVID-19 cases and a new wave of restrictions.

Oil extends gains on optimism over U.S., European reopenings

Oil futures climbed Monday, with optimism that an economic recovery in the U.S. and Europe will lead to higher energy demand sending U.S. prices to their highest settlement in more than two years. Prices got a boost on "hopes that large parts of Europe will soon be able to follow the U.K. on easing restrictions further, thus driving up demand over the next few weeks," said Michael Hewson, chief market analyst at CMC Markets UK.

U.S. oil futures end at highest in more than 2 years

After a sharp decline on Thursday, crude oil and crude ETFs are scrambling back toward recent highs, amid news concerning the resumption of the Colonial Pipeline, and news that the federal government has allowed Valero Energy a waiver from the Jones Act—legislation limiting the quantity of vessels that can transport oil and fuels along the [...] The post Crude ETFs Climb Back Amid Colonial Pipeline Resumption appeared first on ETF Trends.

Crude ETFs Climb Back Amid Colonial Pipeline Resumption

Oil futures nudge lower Monday, with a round of weaker-than-expected economic data from China.

Futures Movers: Oil prices edge lower after weaker China data

Oil prices edged lower on Monday as the recovery of a major U.S. pipeline network eased concerns over supply and a new wave of COVID-19 restrictions in Asia fuelled fears of lower demand.

Oil edges lower as COVID-19 restrictions in Asia fuel demand concerns

Oil futures climbed on Friday, erasing previous losses to finish higher for the week. "The Colonial Pipeline debacle got most of the attention from energy traders this week," but the shutdown "did not have a material impact on the broader market as the outage was short-lived and all operations are reportedly back to normal as we approach the weekend," said Tyler Richey, co-editor at Sevens Report Research.

Oil prices finish the week higher as pipeline shutdown 'short lived'

The price of the commodity is expected to climb and that will lift shares, too.

Oil Stocks Have Been Stuck. Why They Should Kick Into High Gear.

The oil market maintained strength this week, despite the usual intraday volatility caused by uncertainty in the economy and pandemic recovery and review. The shutdown and restart of a major US pipeline was an issue for the American market and many questions remain.

Oil prices hold firm this week but uncertainty still rules the day

Oil futures rise Friday, taking back a chunk of the previous session's tumble, as a key fuel pipeline reopened after a closure that sparked gasoline shortages across the southeastern U.S.

Futures Movers: Oil prices bounce as Colonial Pipeline reopens

Oil futures declined Thursday, with U.S. prices settling at their lowest level so far this month, following news that Colonial Pipeline has restarted operations following a ransomware-related operational shutdown late last week. The restart took "the sting out of concern about supply shortages," said Michael Hewson, chief market analyst at CMC Markets UK.

U.S. oil prices log lowest settlement since April

United States 12 Month Oil Fund LP

While stocks are moving higher, crude oil is losing considerable ground Thursday, after scoring a two-month high on Wednesday, as U.S. crude exports tumbled, and indications of a swifter economic recovery and forecasts for increased energy demand drove prices higher. U.S. benchmark, West Texas Intermediate crude oil, is down over 4.45% on Thursday, trading at [.

Can Crude Oil ETFs Continue To Climb?

Oil futures fall Thursday, on track to snap a four-day winning streak, as the Colonial Pipeline resumes operations after shutting down in response to a ransomware attack. Traders were also tracking a continued surge in COVID-19 cases in India.

Futures Movers: Oil prices fall as Colonial Pipeline resumes operations on U.S. East Coast

Oil, gasoline and diesel prices fell sharply on Thursday, after Colonial Pipeline said it would restart operations following a cyberattack last week that shut off supply and caused energy supply shortages in various eastern US states.  The pipeline is the largest pipeline system in the US and provides the east coast with around 45% of its fuel, a total of around 2.5 million barrels a day. The shutdown led to long lines at gas stations as drivers scrambled to refill.

Oil and gasoline tumble after the Colonial restarts its pipeline after the cyberattack shutdown

Infrastructure & Energy Alternatives

iShares U.S. Oil Equipment & Services ETF

Oil and energy sector-related exchange traded funds stood out on Wednesday after the International Energy Agency (IEA) said demand could continue to outpace supply as vaccinations against Covid-19 will support the global economic outlook. On Wednesday, the iShares U.S. Oil Equipment & Services ETF (NYSEArca: IEZ) increased 0.6% while the broader Energy Select Sector SPDR [.

Oil, Energy ETFs Hold Strong after IEA Report

Oil futures settled at their highest level since March on Wednesday, finding support in the wake of an overall upbeat outlook for 2021 oil demand from the International Energy Agency. Meanwhile, the outlook for U.S. demand brightened ahead of the summer driving season.

Oil futures settle at highest since March amid brighter U.S. demand prospects

The price of regular gasoline shot past $3 per gallon on Wednesday as fallout from a cyberattack on the nation's largest fuel pipeline continues to devastate the US fuel supply.  The average price for a gallon of gas is now $3.008, according to automotive group AAA. Mid-grade gas rose to $3.325 per gallon, while a gallon of premium now costs $3.597 on average. It's the first time the national average has risen above the symbolic $3 per gallon mark since the fall of 2014.

News for United States Oil Fund LP ETF (USO)