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SPDR S&P Oil & Gas Exploration & Production ETF

XOP tracks an equal-weighted index of companies in the US oil & gas exploration & production space.

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

United States Oil Fund LP

DUBAI, United Arab Emirates (AP) — Oil giant Saudi Aramco on Tuesday reported a $42.4 billion profit in the third quarter of this year, a 39% bump buoyed by the higher global energy prices that have filled the kingdom's coffers but helped fuel inflation worldwide.

Saudi Aramco reports $42 billion profit as oil prices climb

High oil prices boosted the national oil company's earnings, helping the kingdom to pay for an ambitious economic transformation plan at home and expand its diplomatic influence in the region.

Saudi Aramco Profit Jumps 39% on High Oil Prices

Record exports in the US combined with speculation ahead of the European Union's embargo of Russian crude oil are also helping to support prices.

Oil Price Fundamental Daily Forecast – Weak Dollar, OPEC+ Cuts Offsetting China Demand Concerns

Oil prices inched lower on Tuesday, extending losses of 1% from the previous session as more extensive COVID-19 curbs in China increased fears of slowing fuel demand in the world's second-largest oil consumer.

Oil prices edge lower as China COVID-19 woes dampen demand

Crude oil markets have fallen initially during the trading session on Monday but did find a little bit of buying pressure to show signs of life again.

Crude Oil Price Forecast – Crude Oil Markets Continue Choppy Behavior

On October 14, the EIA announced the US only had 25 days left of reserve diesel supply as inventories hit a low not seen since 2008.

Oil prices could trade above $120 next year - but extremely low diesel inventories pose an even bigger concern, top energy analyst says

OPEC raised its forecasts for world oil demand in the medium- and longer-term in an annual outlook released on Monday and said $12.1 trillion of investment is needed to meet this demand despite the energy transition. The view from the Organization of the Petroleum Exporting Countries, in its 2022 World Oil Outlook, contrasts with that of other forecasters which see oil demand reaching a plateau before 2030 due to the rise of renewable energy and electric cars.

OPEC raises long-term oil demand view, calls for investment

The cartel called for trillions of dollars worth of investments in the oil industry over the next two decades to meet what it expects to be booming demand for fossil fuels stretching far into the middle of the century.

OPEC Sees Booming Oil Demand Until Middle of Century

Oil futures fell early Monday, feeling pressure after a weak reading on China factory activity and a widening of COVID-19 curbs by the country. Previously beaten-down natural-gas futures, however, were soaring.

Oil slides as China factory gauge slumps; natural-gas futures snap back sharply higher

Losses could be limited by OPEC+ production cuts that are expected to kick in on November 1, EU Embargo on Russian energy products.

Oil Price Fundamental Daily Forecast – Pressured by China COVID Concerns, Weak Factory Activity Data

Oil prices fell on Monday on concerns that widening COVID-19 curbs in China will curtail demand, offsetting signs that output at the top U.S. shale field is losing steam.

Oil slips as China COVID curbs outweigh concerns over U.S. output

Oil futures settled lower on Friday as COVID-19 restrictions in China fed worries about energy demand, but U.S. prices still marked their first gain in three weeks. “Oil markets remain volatile as China ramps up COVID restrictions, some U.S. oil giants signal modest commitments to boost production, and the global economic outlook continues to dim,” said Edward Moya, senior market analyst at OANDA.

Oil prices end lower for the session, higher for the week

Crude oil markets have drifted a little bit lower during the trading session on Friday, as the volatility and sideways grind continues.

Crude Oil Price Forecast – Crude Oil Markets Pull Back Into the Weekend

Oil futures fell Friday as several Chinese cities widened COVID-19 curbs, but crude remained on track for solid weekly gains.

Oil slips as China expands COVID curbs, but on track for weekly gains

OPEC's view that world oil demand will keep rising for longer than many other forecasters predict is not expected to change much in its forthcoming major report, despite the growing role of renewables and electric cars, two OPEC sources said.

OPEC expected to stick to view of long-term oil demand rise

Oil prices fell in early trade on Friday on a stronger dollar, but were on track for a weekly gain on concerns about supply tightening with Europe's pending cut-off of imports from Russia.

Oil prices fall as dollar climbs, but set for weekly gain on supply concerns

Oil futures settled higher on Thursday, stretching their gains into a third straight session on the back of U.S. GDP data showing that the nation's economy grew at an annual 2.6% pace in the third quarter, following two straight quarters with declines. U.S. benchmark West Texas Intermediate crude for December delivery CLZ22, +1.38% rose $1.17, or 1.3%, to settle at $89.08 a barrel on the New York Mercantile Exchange.

Oil prices settle higher, supported in part by third-quarter growth in the U.S. economy

G7 wants to cut Russia's oil revenues but maintain an incentive to produce oil at current levels.

Russian Oil Price Cap May Be Set At $63-64 Per Barrel

Platinum moved to new highs near $980. WTI oil made an attempt to settle above $89.80.

Natural Gas Moved Above $6.00 After EIA Report

Crude oil markets rallied significantly during the trading session on Thursday to show signs of life again as we continue to see plenty of volatility.

Crude Oil Price Forecast – Crude Oil Markets Rally on Thursday

Oil futures ticked higher early Thursday, attempting to build a three-day winning streak.

Oil aims for 3-day winning streak

The major bullish influence on prices over the near-term will be the OPEC+ production cuts and the EU embargo of Russian oil.

Oil Price Fundamental Daily Forecast – Supply-Driven Rally Stalls Ahead of US GDP Data

Oil prices continued to rise in early Asian trade on Thursday after surging more than 3% in the previous session, driven by record U.S. crude exports and a weaker U.S. dollar.

Oil prices continue climb on strong crude demand, weaker dollar

Wednesday's rally was primarily fueled by short-term fundamental news, but this only helped the underlying potentially bullish longer-term outlook.

Crude Oil Price Update – Weak Dollar Helps Fuel Breakout Ahead of Next Week's Start of OPEC+ Production Cuts

Oil futures settled higher on Wednesday, finding support on the back of a weaker U.S. dollar, as well as a weekly decline in domestic gasoline stockpiles. The Energy Information Administration reported that supplies of crude rose 2.6 million barrels last week, but gasoline fell by 1.5 million barrels.

News for SPDR S&P Oil & Gas Exploration & Production ETF ETF (XOP)