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 were rising Tuesday, with traders looking for the Organization of the Petroleum Exporting Countries and its Russia-led allies to roll over voluntary production cuts into the third quarter when they meet next weekend.

Oil prices bounce as traders look ahead to OPEC+ decision on production cuts

Saudi Arabia, the world's biggest oil exporter, may cut prices for most crude grades it sells to Asia in July, the first cut in five months, as Middle East benchmarks and margins for Asian refiners have weakened, refining sources said.

Saudi Arabia may cut July oil prices to Asia for first time in 5 months

Norwegian oil and gas investments are expected to hit a record high this year and will remain strong in 2025, driven by a string of new developments as well as cost inflation, a national statistics office (SSB) survey showed on Tuesday.

Norwegian oil companies further boost investments in 2024 and 2025

Oil prices were steady in early Asian trading on Tuesday as investors awaited inflation data to assess future U.S. monetary policy and the production policy decisions from the OPEC+ meeting on June 2.

Oil prices steady as investors await inflation data, OPEC+ meeting

Oil prices were in a holding pattern in early Asian trading on Monday as markets awaited an OPEC+ meeting on June 2 where producers are expected to discuss maintaining voluntary output cuts for the rest of the year.

Oil prices little changed as markets look to OPEC+ meeting

Iran has approved a plan to raise its oil output to four million barrels per day, the country's Tasnim news agency said on Sunday, without providing a time frame.

Iran plans to raise oil output to 4 mln barrels per day - Tasnim

Crude oil prices face a bearish short-term outlook due to unexpected inventory increases and concerns over potential Fed interest rate hikes.

Crude Oil News Today: Will High Inventories and Fed Policy Keep Prices Low?

Oil looked set for a weekly loss on Friday after prices retreated Thursday amid concerns that inflation will stay higher for longer and hamper demand.

Oil on track for weekly loss over demand concerns

Oil markets are moving higher as traders bet on a rebound.

Natural Gas, WTI Oil, Brent Oil Forecasts – Oil Rebounds From Multi-Month Lows

Baker Hughes Co

U.S. energy firms this week cut the number of oil and natural gas rigs operating for the fourth time in five weeks, energy services firm Baker Hughes said in its closely followed report on Friday.

US drillers cut oil and gas rigs for fourth time in five weeks - Baker Hughes

It's worth noting that the summer travel season, of course, puts a lot of demand for petroleum.

Crude Weekly Price Forecast – Crude Oil Continues to Find Buyers Underneath

The oil markets found a little bit of support on Friday, gapping higher to kick off the session. This is a market that has been weathering a bit of a storm lately, and therefore it has proven its resolve.

Crude Oil Price Forecast – Crude Oil Continues to Find Buyers on Dips

The Organization of the Petroleum Exporting Countries (OPEC) and allies including Russia are known collectively as OPEC+ and will meet on June 2 to discuss their joint oil production policy.

What is OPEC+ and how does it affect oil prices?

U.S. crude oil hit an intraday low of $76.15, the lowest level since Feb. 26. WTI and Brent are on pace for a weekly loss of about 4% and 3%, respectively.

Oil prices hit three-month lows, head for weekly loss as summer driving season kicks off

Oil futures fell Friday morning, on track for a fifth straight decline as traders noted concerns that the Federal Reserve may keep interest rates elevated for longer than previously anticipated, posing a threat to demand if it causes a sharp economic slowdown.

Oil prices on track for 5-day losing streak

Considering the economic backdrop, the hawkish Fed and OPEC+ supply decisions, the crude oil market outlook is bearish.

Crude Oil News Today: Fed Concerns Weigh Despite Robust US Fuel Demand

With oil falling over 3% this week, market analysts question the impact of Federal Reserve policies and OPEC+ decisions.

Natural Gas and Oil Forecast: Oil Fell Over 3% This Week; More Downside Ahead?

Oil prices were steady early in the session on Friday as players took stock of the U.S. Federal Reserve's latest comments on interest rates amid sticky inflation, while firming seasonal U.S. fuel demand lent support.

Oil flat as firming US gasoline demand offsets rate jitters

WTI crude oil's lowest close since February 26 indicates weakening, with potential bearish continuation on a drop below 76.83.

Crude Oil Price Forecast: Faces Increased Selling Pressure

Oil traders worry that hawkish Fed may hurt oil demand growth.

Natural Gas, WTI Oil, Brent Oil Forecasts – Oil Tests New Lows As Traders Focus On Rising Treasury Yields

The crude oil markets bounced a bit in the early hours of Thursday, as the market continues to try to sort out whether or not we can break out of the consolidation.

Crude Oil Price Forecast – Crude Oil Continues to Consolidate in a Familiar Range

Russia, in a rare admission of oil overproduction, said overnight that it exceeded its OPEC+ production quota in April for "technical reasons", a surprise move that analysts and industry sources say shows Moscow faces challenges in curbing output.

Russia finds it challenging to keep the lid on oil output, analysts, sources say

U.S. crude oil is down 2.4% for the week while Brent, the global benchmark, is down 1.8%.

Oil prices bounce back after three-day decline but still on pace for weekly loss

Oil futures rose Thursday morning, attempting to snap a three-day losing streak as investors weigh the outlook for Federal Reserve policy and crude demand.

Oil prices attempt to snap 3-day losing streak

Given the Fed's indication of potential rate hikes and the unexpected rise in crude inventories, the short-term outlook for crude oil remains bearish.

News for United States Oil Fund LP ETF (USO)