iPath Pure Beta Crude Oil ETN

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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

Invesco Dynamic Oil & Gas Services ETF

ProShares Ultra Bloomberg Crude Oil

United States Oil Fund LP

SPDR S&P Oil & Gas Exploration & Production ETF

Oil futures gave up early gains to finish with a loss on Tuesday, pressured after Bloomberg reported that a U.S. senator may propose a plan to impose a federal surtax on certain oil companies in a move to curb inflation. Natural-gas prices, meanwhile, settled at their lowest in five weeks as full repairs to a damaged Freeport LNG terminal isn't expected until later this year.

Oil prices settle lower; natural-gas futures drop more than 16%

The cartel sees demand growing by 2 million barrels per day or less next year, down from growth of 3.36 million bpd in 2022.

High fuel prices cause OPEC to slash its forecast for oil demand growth in 2023, report says

Oil futures rose Tuesday, finding support as China implemented fresh COVID-19 restrictions and worries remained over supply disruptions in Libya.

Oil lifted on China COVID worries, tight supplies

OPEC has kept to its forecast that world oil demand will exceed pre-pandemic levels in 2022, but said Russia's invasion of Ukraine and developments around the coronavirus pandemic pose a considerable risk.

OPEC sticks to forecast of 2022 oil demand exceeding pre-pandemic levels but sees risks

The Organization of the Petroleum Exporting Countries on Tuesday left its forecast for 2022 growth in oil demand broadly unchanged at 3.4 million barrels a day. In its monthly report, OPEC revised down its forecast for demand growth in the second quarter to reflect China's COVID-19 lockdowns, while raising its second-half estimate on expectations for higher demand during the summer holiday and driving season.

OPEC leaves 2022 oil demand growth forecast unchanged, cuts supply growth as it revises down Russia outlook

Brent Crude and West Texas Intermediate are climbing on Tuesday morning on risks to Russian supply and the prospect of stronger demand from China.

Oil Rises as Concerns About Supply Outweigh Recession Risk

Oil prices seesawed in positive and negative territory on Tuesday, holding up despite recession fears and potential new COVID-19 curbs in China that could dampen demand as the market remains tightly supplied.

Oil bounces around as tight supply offsets China, recession fears

Oil futures finished higher on Monday after touching their lowest levels in nearly a week on concerns that renewed lockdowns in China would lead to lower energy demand. "Risk appetite is quickly leaving Wall Street and one of the few trades that is still looking attractive is oil," said Edward Moya, senior analyst at OANDA.

Oil futures give up early losses to finish higher on tight supplies

Oil futures fell Monday, pressured as Beijing moved to contain a renewed rise in COVID-19 cases and global equities tumbled as shock waves from last week's hotter-than-expected U.S. consumer-price index reading continued to ripple through financial markets.

Oil prices pull back on China COVID worries, recession fears

Oil has made a record-setting move in 2022, projecting higher prices.

Oil Momentum Projects Higher Prices

Oil prices slipped more than $2 on Monday as a flare-up in COVID-19 cases in Beijing quelled hopes for a rapid pick-up in China's fuel demand, while worries about global inflation and economic growth further depressed the market.

Oil prices slide on Beijing COVID warning, inflation concerns

Looking ahead, it is stating the obvious that the shape of the next six months will be determined by the damage caused by the war in Ukraine and the policy response to high inflation - notably in energy (oil and gasoline).

What Will It Take To Get Inflation Down? Is Oil The Key?

Oil futures rose Friday to trade near three-month highs and were on track for a strong weekly gain as demand for fuel pushed gasoline futures further into record territory.

Oil set for weekly gains as gasoline prices extend push into record territory

Oil prices fell on Friday but still hovered near three-month highs, with fears over new COVID-19 lockdown measures in Shanghai outweighing solid demand for fuels in the world's top consumer United States.

Oil falls on demand worries over Shanghai's new partial lockdowns

Oil futures were mixed early Thursday, with bulls taking a breather after crude ended the previous session at three-month highs.

Oil prices consolidate after hitting 3-month highs

Oil prices held near 13-week highs on Thursday, underpinned by robust demand in the world's top consumer United States while demand is expected to rebound in China as COVID-19 curbs across major cities are relaxed.

Oil hovers near 13-week high on robust U.S. demand, China optimism

ProShares UltraShort Bloomberg Crude Oil

United States 12 Month Oil Fund LP

Crude oil and crude ETFs are approaching monthly highs not seen since March, as ongoing inflation and the summer driving season arrives. Consumers continue to experience pain at the pump, and it doesn't appear likely they will get a reprieve anytime soon, according to analysts.

Crude ETFs Gain As Analysts See More Upside For Oil

Recent trading patterns suggest US oil prices are set for another surge, BofA said. Meanwhile, UBS said China's reopening will stoke demand.

Bank of America sees US oil hitting $140 a barrel within months, with analysts saying China's recovery will boost demand

Oil futures remained higher Wednesday after government data showed a rise in U.S. crude inventories but an unexpected fall in gasoline stocks. West Texas Intermediate crude for July delivery CL.1, +0.51% CL00, +0.51% CLN22, +0.51% was up 50 cents, or 0.4%, at $119.91 a barrel on the New York Mercantile Exchange.

Oil futures remain higher after rise in U.S. crude inventories

That's Jeremy Weir, who heads up Trafigura, one of the world's largest commodity traders, sounding the alarm bell at the FT Global Boardroom conference on Tuesday, according to the Financial Times. He's the latest bigwig to sound the alarm over the potential for global economic turmoil as the Russia-Ukraine war stokes energy-market volatility.

Oil prices could go ‘parabolic', putting global economy in ‘critical situation,' says Trafigura chief

Oil futures traded higher Wednesday as investors shook off an industry report showing a rise in U.S. crude and product inventories ahead of official data and monitored the threat of a strike by Norwegian offshore workers.

Oil trades above $120 a barrel as investors await U.S. supply data, monitor Norway strike threat

Oil prices edged up on Wednesday ahead of data on U.S. oil inventories, with crude futures supported by tight supplies and recovering fuel demand as China's top cities relax COVID-19 curbs.

Oil prices inch higher ahead of U.S. inventories data

"If we see very high energy prices for a period of time we will eventually see demand destruction," said Jeremy Weir.

Oil prices could hit $150 a barrel or more with demand destruction likely by the end of the year, says global commodities trader Trafigura

Oil futures ended a choppy session with gains Tuesday, putting the U.S. benchmark at a 3-month high just below $120 a barrel as investors await storage data.

Futures Movers: U.S. oil benchmark ends choppy session at 3-month high

High oil and gasoline prices will need to rise even higher this summer to incentivize new production and discourage consumption, according to Goldman Sachs.

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