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

After going untapped for decades, the Biden Administration drew down the Strategic Petroleum Reserve by almost 300 million barrels during the pandemic when demand recovered faster than expected and OPEC+'s quotas led to the market tightening and higher prices (see figure). Most of the draw occurred when prices were above $80 but given that the maximum draw was about 1 mb/d for five months, while OPEC+ had somewhere around 4 mb/d of spare capacity, it could be argued that the draw was unnecessary.

Don't Use The SPR To Manipulate Oil Prices

Technology advances are making it possible for U.S. shale oil and gas companies to reverse years of productivity declines, but the related requirement to frontload costs by drilling many more wells is deterring some companies from doing so.

New technology helps US shale oil industry start to rebuild well productivity

Crude Oil struggles post-inventory drop; U.S.-Europe economic disparities and forecasted rate cuts may lift demand.

Crude Oil News Today: Prices Dip Despite API Inventory Surprise, EIA on Tap

Following a surprising decrease in U.S. crude inventories, oil prices have ticked higher, with ongoing geopolitical tensions influencing future forecasts

Natural Gas and Oil Forecast: US Stock Decline Spurs Price Surge; Buy Today?

Oil prices rose in early trade on Wednesday, adding to gains in the previous session, after industry data showed a surprise drop in U.S. crude stocks last week, a positive sign for demand, and attention shifted away from hostilities in the Middle East.

Oil prices inch up after data shows unexpected drop in U.S. crude stocks

Oil traders bet on a more dovish Fed after weaker-than-expected U.S. PMI reports.

Natural Gas, WTI Oil, Brent Oil Forecasts – Oil Rebounds On Rate Cut Hopes

The Russian economy ministry has downgraded its forecasts for the country's crude oil export prices for the next three years to $65 per barrel, according to an updated outlook seen by Reuters on Tuesday.

Russia cuts oil price forecast to $65 per barrel in 2024-27

U.S. oil and gas deals hit a record $51 billion in the first quarter, a continuation of last year's fierce merger pace centered in the top U.S. shale field, data provider Enverus said on Tuesday.

US oil and gas M&A hits quarterly record after blockbuster 2023

The Tuesday session has been all over the place in the oil markets, as we continue to see a lot of uncertainty as to where we are going.

Crude Oil Price Forecast – Crude Oil Continues to Be Volatile

The House of Representatives passed legislation over the weekend that would broaden sanctions against Iran's oil exports

U.S. crude oil nears $81 a barrel as market brushes off looming Iran oil sanctions

Oil prices were edging lower on Tuesday morning, with Brent futures retreating below $87 a barrel after posting its lowest finish in nearly a month in the previous session.

Oil prices remain at more than 3-week low as Iranian crude supply concerns ease

Poland's oil refiner Orlen cancelled oil and tanker charter contracts put in place by its Swiss trading unit to buy crude in Venezuela as tankers weren't loading and a U.S. sanctions window was about to close, a company manager said on Tuesday.

Poland's Orlen scraps deals to buy Venezuelan oil after heavy losses - source

Light Crude rebounding amid European growth and US sanctions tightening on Iranian exports.

Crude Oil News Today: Stable Amid Geopolitical Tensions, Strong Euro Zone Data

Despite eased Iran-Israel tensions, oil markets find strength in reduced supply from Russia and robust U.S. fuel demand as spring approaches

Natural Gas and Oil Forecast: Ascending Trendline Support Oil; Buy Now?

Oil prices edged higher in early Asian trading on Tuesday, reversing losses from the previous session, as investors continued to assess the risk from geopolitical concerns in the Middle East.

Oil rises in early Asian trading, Middle East tensions remain in focus

Oil markets are mostly flat at the start of the week.

Natural Gas, WTI Oil, Brent Oil Forecasts – Oil Stabilizes As Traders Wait For Catalysts

The crude oil markets continue to see a lot of people trying to sort themselves out.

Crude Oil Price Forecast – Crude Oil Continues to Show Uncertainty

Brent crude oil prices fell to a four-week low of 86.50 USD on Monday, influenced by several contributing factors. The primary cause of the decline was a reduction in geopolitical tensions as Iran's rhetoric toward Israel showed signs of de-escalation. This change is significant given that Iran is the third-largest OPEC oil producer, with substantial exports to China and other countries, making stability in the region crucial for global oil markets.

Brent Crude Dips To Four-Week Low Amid Easing Geopolitical Tensions

Oil prices retreated on Monday morning, with the global benchmark remaining above $86 a barrel, as concerns eased that the geopolitical tensions in the Middle East would disrupt the oil supply, as investors shifted their focus back to inflation and the prospect of the Federal Reserve's interest-rate cuts this year.

Oil prices slip but remain above $86 a barrel as Middle East tensions suggest no imminent escalation

Iranian Foreign Minister Hossein Amirabdollahian told NBC News the Islamic Republic does not plan to respond to Israel's retaliatory strike launched Friday.

U.S. crude oil hovers at $83 after Iran says it will not escalate conflict with Israel

As U.S. shale oil boomed last decade, an oil pipeline company pitched an ambitious multi-billion-dollar export port off the Texas coast to ship domestic crude to buyers in Europe and Asia.

Focus: As shale oil output slows, one deepwater port struggles for customers

Oil traders are shifting their focus from geopolitical tensions to traditional fundamentals, supported by OPEC+ capacity.

Crude Oil News Today: Prices Drop as Geopolitical Risk Diminishes

Amid falling geopolitical risks and a spike in U.S. inventories, oil and natural gas prices face downward pressure, reshaping market forecasts.

Natural Gas and Oil Forecast: U.S. Inventory Surge Pressures Prices; Sell Now

Oil prices fell at Asia's open on Monday, dragged down by a renewed focus on market fundamentals, as Israel and Iran played down the risks of an escalation of hostilities in the Middle East after Israel's apparently small strike on Iran.

Oil prices retreat as US crude build, rate cut concerns come to the fore

Next week, despite geopolitical risks, the lack of supply disruption may keep oil prices subdued, even with seasonal demand.

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