iPath Pure Beta Crude Oil ETN

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Oil futures edged lower Friday, trimming a weekly gain as investors continue to struggle with an uncertain demand outlook.

Oil prices edge lower, trimming weekly gain

China's record-high oil refinery throughput strengthens demand, while a weaker US Dollar enhances affordability and boosts foreign WTI oil demand.

Oil Price Forecast: Look to End Losing Streak Amid China's Growing Demand

Shares of onshore drillers have fallen steeply after a wave of recent rig idlings, which investors fear could signal a coming drop in oil demand amid a slowing economy.

Drilling Stocks Plunge on Bets for Oil Price Slump

Oil prices edged lower in early trade on Friday, taking a pause from the previous session when futures gained steeply on optimism around higher energy demand from top crude importer China.

Oil prices dip, pausing after previous session's surge

Oil futures climbed on Thursday, buoyed by some signs of higher oil demand from China and strength in U.S. gasoline demand for the summer driving season, analysts said. July West Texas Intermediate crude CLN23 gained $2.35, or 3.4%, to settle at $70.62 a barrel on the New York Mercantile Exchange.

U.S. oil futures climb back above $70, the highest finish in a week

As we approach the midpoint of the year, the U.S. is still tracking toward a new annual oil production record for 2023.

U.S. Oil Production Update: Trends, Concerns, And Outlook

WTI oil managed to settle above the $70 level as traders reacted to China refinery data.

Natural Gas, WTI Oil, Brent Oil – Oil Rallies As Traders Bet On Rising China Demand

Crude oil markets have been choppy over the last couple of days, as Thursday has seen a reversal of the Wednesday negativity.

Crude Oil Price Forecast – Crude Oil Markets Continue to Chop

Oil futures rose early Thursday, bouncing after a selloff the previous session in the wake of a large jump in crude inventories.

Oil prices bounce after rise in U.S. crude supplies sparks selloff

WTI Oil prices stabilize as China's slow recovery, weak industrial output and retail sales dampen optimism in the global oil market.

Oil Price Forecast: China's Economic Woes, Fed Rate Hike Speculation Cap Gains

Higher-than-expected production and concern about slowing demand have been weighing on crude.

As Saudis Sought to Push Up Oil Prices, Markets Had Other Ideas

Oil prices edged higher on Thursday, recovering some ground from the previous day's plunge on worries about future U.S. interest rate hikes, with markets now looking to key Chinese economic data for demand indications.

Oil prices tick up as markets look to key Chinese economic data

Oil futures settled lower on Wednesday, with prices pressured by weekly increases in U.S. crude, gasoline, and distillate supplies reported by the Energy Information Administration. Oil prices extended their decline after the Federal Reserve announced a decision to leave its benchmark interest rate unchanged but indicated that its rate-hiking cycle is not over.

Oil futures end lower after EIA reports weekly increases for U.S. petroleum supplies

The EIA report put some pressure on the oil markets but traders remained focused on the upcoming Fed decision.

Natural Gas, WTI Oil, Brent Oil – Oil Markets Are Mostly Flat After EIA Report

Global oil demand is projected to peak in the next few years even as some major energy companies announce plans to reinvigorate their fossil fuel businesses.

Oil demand could peak this decade, IEA says

U.S. crude oil stockpiles posted a surprise, large build last week, while gasoline and distillate inventories gained more than expected, the Energy Information Administration (EIA) said on Wednesday.

US crude inventories post surprise large build, fuel stocks rise - EIA

JPMorgan has reduced its oil price outlook for 2023 and 2024, projecting global supply growth to outpace even a record rise in demand.  The bank lowered its average Brent price forecast for 2023 to $81 per barrel from $90 earlier and West Texas Intermediate (WTI) to $76 a barrel from $84.

JPMorgan slashes oil price projections in latest outlook

Oil investors appear to be adjusting expectations for tight crude supplies later this year, with the gap between nearer-term and further prices weakening despite the OPEC+ producers' group plan to deepen production cuts.

Oil futures market signals less worry over tightening supply

The International Energy Agency predicts global oil demand growth will fall to half the rate seen in the past two years by 2024 as the US looks for two-thirds of cars to be electric by 2032.

Oil demand growth to slow by half next year during clean energy push: IEA

Oil demand continues to rise. Meanwhile, supplies remain constrained as OPEC and U.S. producers keep a lid on production.

Why a Return of $100 Oil Seems Likely in the Coming Years

JPMorgan cut its oil price forecasts for this year and 2024 as it sees global supply growth offsetting a record rise in demand, while inventory build-up lowers the risk of price spikes.

JPMorgan cuts oil price outlook on oversupply concerns

International Energy Agency says demand will grow by 2.4m barrels a day in 2023 to record 102.3m

Peak in global oil demand ‘in sight before end of decade'

The International Energy Agency predicted Wednesday that demand for oil will fall to 400,000 barrels a day in 2028—a drastic fall from 2.4 million barrels a day currently.

Oil Demand Will Peak By Decade End As Countries Move Away From Fossil Fuels, IEA Says

Oil futures rose early Wednesday, turning positive for the week as investors awaited official data on U.S. petroleum inventories and a Federal Reserve interest rate decision.

Oil futures rise ahead of Fed decision, inventory data

Global oil demand could peak before the end of this decade as the energy crisis has accelerated the transition to cleaner technologies, the International Energy Agency has said.  "The shift to a clean energy economy is picking up pace, with a peak in global oil demand in sight before the end of this decade as electric vehicles, energy efficiency and other technologies advance," IEA Executive Director Fatih Birol said in a statement.

News for iPath Pure Beta Crude Oil ETN Stock (OIL)