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Direxion Daily S&P Oil & Gas Exp. & Prod. Bull 2X Shares

GUSH provides 2x daily exposure to an equal-weighted index of the largest oil and gas exploration and production companies in the US.

United States Brent Oil Fund LP

Invesco DB Oil Fund

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SPDR S&P Oil & Gas Exploration & Production ETF

Oil futures finished lower on Friday for a second session in a row. Traders looked to a decision by OPEC+ to cut production further in the first quarter with skepticism.

Oil futures mark back-to-back losses with traders skeptical of OPEC+ output cuts

The U.S. Department of Energy has sped up the return of 4 million barrels of oil to the Strategic Petroleum Reserve, from a previous exchange of crude to energy companies, as it seeks to replenish the stockpile after a record drawdown last year, it said on Friday.

US speeds up return of oil to Strategic Petroleum Reserve -Energy Dept

Today's article explores OPEC's motivations for cutting oil production by 1 million barrels per day, and why those goals contrast with those of net crude oil-importing nations.

Decoding What OPEC Wants

OPEC+ production cuts, which were announced on Thursday, did not provide support to oil markets.

Natural Gas, WTI Oil, Brent Oil Forecasts – Oil Retreats Ahead Of The Weekend

Crude oil markets were all over the place during the course of the trading week, as we try to sort out what we are going to do next. All things being equal, this is a situation where I think you have buyers coming back into the market, but not enough.

Crude Oil Weekly Price Forecast – Crude Oil Markets Continue To Chop Sideways

At COP28, policymakers, experts, scientists, advocates, farmers, young people, and passionate eaters will come together to guide the world forward.

For Global Leaders At COP28, It's Time To Turn Talk Into Action

Crude oil markets have been all over the place over the last couple of days, as we continue to bounce around in a well-defined consolidation region.

Crude Oil Price Forecast – Crude Oil Markets Continue To Show Volatility

Energy Select Sector SPDR Fund

The price of WTI and Brent crude fell despite another production cut from OPEC. The cut was expected and helps keep the oil market in a tight balance, so this looks like a buy-the-rumor-sell-the-news event.

Energy traders sell the OPEC news; a rebound is coming

EOG Resources

Murphy Oil

Suncor Energy

While OPEC's latest cut failed to buy oil prices, there is a significant opportunity to be had for investors who are willing. We suggest buying stocks like SU, EOG and MUR.

How Will the OPEC Supply Cuts and Brazil's Entry Impact Oil?

Investors are wary that the Saudi-led group won't stay on the same page in 2024.

Wall Street Shrugs Off Latest OPEC+ Oil Cuts

Occidental's talks with CrownRock will make the few remaining large parcels in the Permian basin pricey.

U.S. Oil Land Grab Continues

Oil prices exhibit stabilization following OPEC+'s production cuts, with Brent crude and WTI futures experiencing modest increases amid market skepticism.

Natural Gas and Oil Analysis: Market Reactions to OPEC+ Decisions and Technical Trends

Some of the world's biggest charities have joined forces with the World Bank's private investment arm in a climate financing venture to try to generate $11 billion in investments in developing countries.

Exclusive: At COP28, donors join IFC to lure $11 bln in climate cash

Oil futures rose Friday, attempting to find their footing and on track for weekly gains, after slumping the previous session after the outcome of an eagerly awaited OPEC+ meeting left traders unconvinced producers will fully deliver additional production cuts.

Oil prices stabilize after slumping on OPEC+ disappointment

COP28 will not seriously address the problem of energy poverty, because it requires either expensive renewables or 'bad' fossil fuels.

COP28 Will Generate Headlines But Not Much Else

Goldman Sachs analysts still expect prices to range between $80 to $100 a barrel next year.

Oil Prices May Return to $100. Why They Won't Stay Low Forever Thanks to OPEC.

Individual countries announced voluntary reductions totaling 2.2 million barrels per day for the first quarter of 2024.

Oil prices could reach $100 a barrel in 2024 if OPEC+ members fulfil pledges for voluntary cuts

OPEC+'s latest strategy, impacting crude oil futures, seeks to adjust supply in response to 2024's economic outlook.

Oil Prices Forecast: Mixed Reactions to OPEC+'s Production Strategy

Oil prices fell in early Asian trade on Friday, extended losses after OPEC+ producers agreed to voluntary oil output cuts for the first quarter next year that fell short of market expectations.

Oil prices fall, extend slide after OPEC+ cuts underwhelm

OPEC+ announced Thursday that it is deepening oil production cuts, but crude prices actually dropped amid investor skepticism over the supply curb.

Saudi Arabia extends oil production cuts into start of 2024

Despite the total cuts by all countries added at the November 30th OPEC+ meeting, oil sold off testing key support. Countries like Angola have threatened not to stick to the new quota, promising to produce above target.

Skepticism Over the OPEC + Oil Cuts

This year's COP28 climate summit, being held in the glitzy Middle East city of Dubai, clicks into its first full day of scheduled events on Friday.

What to watch at COP28 on Friday?

A skeptical crude oil market was seeking another 'Saudi Lollipop' but got treated to an unedifying OPEC+ fudge instead as the group offered 2.2 mbpd in voluntary cuts.

OPEC+ Switches From ‘Saudi Lollipop' To A Group Fudge Of Voluntary Output Cuts

Gas prices were finally starting to go down, but a new OPEC+ deal means they're expected to rise soon.

Why Gas Prices Are Likely To Spike Again

U.S. oil futures settled with a loss of more than 2% on Thursday, even as OPEC+ announced that several of its member countries agreed to voluntary cuts totaling 2.2 million barrels a day for the first quarter of 2024. “While oil prices initially rallied on the extension and expansion of OPEC output cuts into 2024, investors remain concerned about OPEC compliance and global demand growth as we head deeper into the seasonally soft winter demand period,” said Rob Haworth, Senior Investment Strategy Director, U.S. Bank Asset Management Group.

News for Direxion Daily S&P Oil & Gas Exp. & Prod. Bull 2X Shares ETF (GUSH)