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 rose for a third straight session on Thursday to settle at their highest since late April. Crude's continued rally is driven by “a technical bounce, short covering, OPEC+ cuts and their manifestation in lower exports, as well as strong peak seasonal demand from refineries,” said Matt Smith, lead oil analyst for the Americas at Kpler.

Oil futures settle at highest since late April

With volatility low, a call option on the USO oil fund may be a good bet.

Could Record-Low Oil Reserves Bring $100 Oil Prices? This Call Option Bets On It

U.S. inflation data provided support to WTI oil and Brent oil.

Natural Gas, WTI Oil, Brent Oil – Oil Prices Test New Highs

Crude oil markets paused a bit during the trading session on Thursday, as we have stretched a bit for the last couple of weeks.

Crude Oil Price Forecast – Crude Oil Markets Pause

Oil prices rose slightly to reach their highest levels since April on Thursday as declining inventories and production cuts helped boost prices amid the annual summer surge in demand.

Oil prices edge up to highest since April, bolstered by weaker U.S. dollar, production cuts

International Energy Agency still expects a record high this year, but for growth to be lower than thought

Economic ‘headwinds' lead IEA to cut global oil demand forecast

OPEC on Thursday maintained an upbeat world oil demand outlook despite economic headwinds, raising its growth forecast for 2023 and predicting only a slight slowdown in 2024 as China and India continue to drive the expansion in fuel use.

OPEC upbeat over 2024 oil demand outlook despite headwinds

The IEA on Thursday cut its global oil demand growth forecast for the first time this year, primarily citing a worsening economic outlook.

IEA trims oil demand forecast for the first time this year on 'persistent' economic headwinds

WTI crude oil prices surge as positive U.S. data and robust Chinese imports drive market optimism.

Oil Price Forecast: Optimistic US Data, Strong Chinese Imports Drive Buyers

Oil prices rose in early Asian trade on Thursday after U.S. inflation and economic data sparked hopes the Federal Reserve may have fewer interest rate hikes in store for the world's biggest economy.

Oil prices rise in early trade as US inflation cools

U.S. oil futures settled higher for a second straight session Wednesday, with production cuts by major producers offsetting pressure from a hefty weekly rise in U.S. crude supplies. While prices across the oil complex moved higher “following a growing belief that Saudi and Russian production cuts will increasingly chip away at crude inventories through the second half of the year, today's EIA report showed no such destocking,” said Troy Vincent, senior market analyst at DTN.

U.S. oil futures post back-to-back session gains

Weak dollar and falling Treasury yields pushed oil prices to new highs.

Natural Gas, WTI Oil, Brent Oil – Oil Prices Test Multi-Month Highs

The futures contract structure of the global benchmark Brent indicates the market is tightening and that the Organization of the Petroleum Exporting Countries could be succeeding in its mission to support the market.

Oil benchmark Brent price structure signals tighter market

Oil markets were up by 1.5% as traders focused on the EIA report and U.S. inflation data.

Crude Inventories Increased By 5.9 Million Barrels, Exceeding Analyst Expectations

Crude oil markets initially rallied a bit during the trading session on Wednesday, as it looks like we are doing everything we can to break out.

Crude Oil Price Forecast – Crude Oil Markets Continue to Threaten Resistance

Crude oil prices were treading water early Wednesday after an overnight bump faded ahead of an update on U.S. inventories, as well as the U.S. June inflation report that could impact markets more broadly.

Oil prices hold their ground ahead of inflation, supply data

WTI Crude Oil prices continue to climb as supply cuts and strong demand in developing nations fuel optimism for the market's tight future.

Oil Price Forecast: Supply Cuts and Demand Optimism Drive Crude Higher

Oil prices were largely unchanged in early Asian trade on Wednesday as hopes for higher demand in the developing world and supply cuts by the world's biggest oil exporters offset fears of an economic downturn driving up U.S. crude stockpiles.

Oil flat after bigger-than-expected build in U.S. crude stockpiles

WTI oil is heading towards the $75 level as traders bet on rising demand from China.

Natural Gas, WTI Oil, Brent Oil – Oil Gains Ground On China's Property Stimulus Measures

Global crude oil inventories are set to decline over the next 15 months, but worries about the global economy and prospects for weaker energy demand are likely to limit any price gains for oil, according to the U.S. Energy Information Administration's monthly Short-term Energy Outlook report released on Tuesday.

Oil supplies are set to tighten, but concern over weak demand growth limits price gains: EIA

Crude oil markets have gone back and forth during the trading session on Tuesday, as we continue to hang about the same general region.

Crude Oil Price Forecast – Crude Oil Markets Consolidate

Oil futures traded slightly higher on Tuesday as investors awaited U.S. supply data and an update on U.S. inflation in June due Wednesday.

Oil prices edge higher as analysts see prices topping $80 a barrel

Global energy demand is forecast to rise 23% through 2045, Haitham Al Ghais, the secretary general of the Organization of Petroleum Exporting Countries (OPEC), said on Tuesday at a Nigerian oil and gas conference.

OPEC Sec Gen: global energy demand seen rising 23% through 2045

Investors find confidence as Saudi Arabia extends production cuts and Russia reduces oil exports, while the weaker dollar adds support.

Oil Price Forecast: Rebounding on Saudi and Russia Supply Cuts, Weaker Dollar

Oil prices edged higher on Tuesday, recouping some of the losses from the previous session, as traders focused on supply cuts by the world's biggest oil exporters Saudi Arabia and Russia and awaited data that could help ascertain demand.

News for United States Oil Fund LP ETF (USO)