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

Fed's delayed rate cuts, rising U.S. crude stockpiles, and cautious demand forecasts suggest continued pressure on oil prices.

Crude Oil News Today: Fed's Rate Decision, Rising US Stocks Pressure Prices

Crude stockpiles surged unexpectedly, causing WTI to slip to $78.25. What does this mean for future oil and gas prices?

Natural Gas and Oil Forecast: Crude Stockpiles Rise, WTI Falls to $78.25; What's Next?

Oil prices fell in early trade on Wednesday as investors digested news that the U.S. Federal Reserve has opted against cutting interest rates in the near future, while ample U.S. crude and fuel stocks further weighed on the market.

Oil slips on US growth worries, ample crude supply

The bearish EIA report did not put pressure on the oil markets.

Natural Gas, WTI Oil, Brent Oil Forecasts – Oil Gains Ground As Traders Focus On Falling Treasury Yields

Gasoline inventories increased by 2.6 million barrels from the previous week.

Crude Inventories Rise By 3.7 Million Barrels, Exceeding Analyst Expectations

Michael McCrae is leading Kitco's coverage of the mining sector. McCrae, who has both an MBA and CMA, knows how to build digital media properties.

Why big oil may have the upper hand in lithium tech - Lithium Royalty's Rob Weir

The Department of Energy raised its global oil demand forecast and sees a supply deficit this year. OPEC maintained robust oil demand and economic growth forecasts.

U.S. crude oil extends gains, trades above $78 as Department of Energy sees supply deficit

Oil futures rose Wednesday as investors sifted through a raft of updated forecasts and awaited official data on U.S. inventories after industry figures showed a decline last week in crude stocks.

Oil prices rise after industry data shows fall in U.S. crude, gasoline inventories

In the short term, the outlook for oil prices remains bullish, supported by strong demand projections and declining U.S. inventories.

Crude Oil News Today: Prices Climb on Strong Short-Term Demand Projections

The IEA forecasts a bearish long-term outlook for crude oil with peaking demand, significant supply surplus, and a shift to renewable energy sources.

IEA Predicts Bearish Long-Term Outlook for Oil with Surplus and Peaking Demand

Oil prices have rallied this morning despite the International Energy Agency's warning that the world will face a "major surplus" of the commodity by the end of the 2020s. Slowing demand caused by the transition to greener energy and an uptick in production are expected to cause a rise in oil supplies, the IEA said.

Oil prices rise despite warnings of a "major surplus" this decade

Global oil demand will peak by 2029 and begin to contract the next year, the International Energy Agency said on Wednesday, while oil supply capacity is due to vastly outpace demand by the end of the decade.

Oil demand set to peak by 2029, major supply glut looms, IEA says

In its latest medium-term market report, titled Oil 2024, the IEA said oil demand growth was on track to slow down before reaching its peak near 106 million barrels per day by 2030. At the same time, the IEA expects total oil production capacity to surge to nearly 114 million barrels per day by 2030 — a whopping 8 million barrels per day above projected global demand.

Big Oil given stark warning as peak crude and a major supply surplus expected by 2030

U.S. oil inventories dropped by 2.4 million barrels, boosting oil prices over 0.25%. Could this signal further gains ahead?

Natural Gas and Oil Forecast: Oil Prices Rise Over 0.25%; More Upside Ahead?

Oil prices ticked higher on Wednesday on upbeat global demand views from the U.S. Energy Information Administration and OPEC.

Oil prices edge up on optimistic demand outlook

Crude oil surged above key resistance levels, reaching a new high of 78.52, and may continue its bullish trend towards the 200-Day MA at 79.96.

Crude Oil Price Forecast: Eyes Bullish Targets

Oil prices may rise to $86 a barrel in the next few months due to "solid summer demand" and consumer spending remaining strong, according to a new forecast by analysts at Goldman Sachs.

Oil may rise to $86 per barrel due to 'solid summer demand': Goldman Sachs

OPEC maintained its global oil demand growth forecast for 2024.

Natural Gas, WTI Oil, Brent Oil Forecasts – Oil Is Mostly Flat As Traders Focus On OPEC Demand Forecast

The discussion revolves around the confusion regarding OPEC's recent announcements.

Did OPEC Fumble This One?

The crude markets pulled back a bit in the early hours of Tuesday, only to turn around and show signs of life again. At this point, I believe that the markets will eventually recover fully from the selloff, but we have the FOMC on Wednesday that could throw a spanner into the mix.

Crude Oil Price Forecast – Crude Oil Continues to Attempt to Recover

OPEC has stuck to its robust oil demand forecasts for 2024 and 2025 as the cartel sees steady global economic growth ahead. Crude oil rallied more than 2% Monday and has now recovered most of the losses from last week.

Oil prices little changed as OPEC sticks to demand and steady economic growth forecasts

Brent crude oil is holding steady at 81.50 USD per barrel on Tuesday, following a significant surge of over 2.5% the previous day. The price increase was driven by optimistic market expectations about fuel demand this coming summer and news that the US government is seizing the opportunity to replenish its strategic oil reserves at relatively low prices, with a particular focus on oil priced around 79 USD per barrel.

Brent Crude Oil Stabilises Around 81.50 USD Amid Demand Optimism

Oil futures were slightly lower Tuesday, consolidating after a large bounce the previous session as investors weighed updated forecasts from the Organization of the Petroleum Exporting Countries that left the outlook for supply and demand unchanged.

Oil prices edge lower after Monday bounce; OPEC leaves forecasts unchanged

OPEC on Tuesday stuck to its forecast for relatively strong growth in global oil demand in 2024, despite lower than expected use in the first quarter, saying travel and tourism would support consumption in the second half of the year.

OPEC sticks to 2024 oil demand growth forecast, but trims Q1 view

The 200-day moving average is a crucial indicator; a decisive break above it could shift crude oil from a bearish to a bullish outlook.

News for United States Oil Fund LP ETF (USO)