United States Brent Oil Fund LP

BNO tracks the Brent oil spot price using near-month ICE futures contracts.

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

SPDR S&P Oil & Gas Exploration & Production ETF

Oil futures on Friday ended lower for the session, contributing to a weekly loss of nearly 8% for U.S. benchmark crude prices. “With many analysts and economists now forecasting a recession as their base case outlook for 2023, demand estimates for everything from energy products to industrial metals are taking a hit,” said Tyler Richey, co-editor at Sevens Report Research.

Oil futures finish lower for the session and week

Gold declined towards the $1640 level. Silver tested support at $18.15.

WTI Oil Retreats Below The $86 Level On Recession Worries

Crude oil markets have pulled back a bit during the week to show signs of hesitation, as we are now retesting the previous channel that we had been in.

Crude Oil Weekly Price Forecast – Crude Oil Markets Pulled Back During the Week

Crude oil markets have fallen into the weekend, as we could not hang on to the gain from the previous session.

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

Bullish traders are garnering support from the OPEC+ decision to cut output while the bears are worried about lower demand due to a global recession.

Oil Price Fundamental Daily Forecast – Lower Demand Worries Outweighing OPEC+ Supply Cuts

Oil futures were lower early Friday, on track for a weekly decline, as worries over a global economic downturn continued to plague the demand outlook.

Oil on track for weekly fall amid recession fears

Oil prices slipped in early Asian trade on Friday as U.S. crude and gasoline inventories jumped, while Saudi Arabia and Washington continued to clash over plans by OPEC+ to slash production.

Oil slides as U.S. crude and gasoline stocks surge

Gold moved back above the $1660 level. Silver rebounded towards the $19 level.

WTI Oil Rebounds As Domestic Production Declines To 11.9 Million Bpd

Crude oil markets have fallen slightly during the trading session on Thursday but have also found a bit of support at the top of the previous downturn in channel.

Crude Oil Price Forecast – Crude Oil Markets Look for Support

Oil futures fell Thursday after a hotter-than-expected consumers price index reading was seen forcing the Federal Reserve to keep aggressively tightening monetary policy, while the International Energy Agency warned that OPEC+ supply cuts could tip global economy into recession.

Oil slumps after hot inflation reading, while IEA warns of global recession

A decision by OPEC+ last week to rein in output could push the global economy into recession, the International Energy Agency said on Thursday.

Oil Price Fundamental Daily Forecast – Hot CPI Means More Aggressive Rate Hikes Could Hit Demand

OPEC said it sees a risk to demand for crude from a resurgence of COVID-19 cases in China, high inflation and economic troubles in Europe.

OPEC trims its oil demand forecasts for 2022 and 2023 as COVID-19 flares up again in China

A rebound in oil comes after a third day of losses driven by a weakening global demand outlook.

OPEC Supply Cut Could Be Tipping Point for Global Recession, IEA Says

The International Energy Agency slashed its oil-demand forecasts, saying the OPEC cut could undermine longer-term demand for oil.

OPEC+ Supply Cut Could Tip Global Economy Into Recession, IEA Says

A decision by the OPEC+ oil producer group last week to rein in output has driven up prices and could push the global economy into recession, the International Energy Agency said on Thursday.

OPEC+ oil supply cuts could tip world into recession, IEA says

Oil Prices Edge Higher Even as Risks of a Global Demand Slowdown Intensify

Oil prices struggled to find their footing in early Asian trade on Thursday after a weakening global demand outlook depressed the market in the last session.

Oil prices shaky amid worsening demand outlook

Saudi Arabia rejected as "not based on facts" statements criticising the kingdom after an OPEC+ decision last week to cut its oil production target despite U.S. objections, saying it serves the interests of both consumers and producers.

Saudi Arabia says OPEC+ oil cut 'purely economic'

Oil futures fell Wednesday for a third session in a row, with U.S. prices settling at their lowest since Oct. 4. Prices declined as "continued fears over future demand serve to cap the recent rebound," said Michael Hewson, chief market analyst at CMC Markets UK.

Oil futures post a third consecutive session decline

The Organization of the Petroleum Exporting Countries slashed its forecasts for global economic growth and crude-oil demand.

OPEC Slashes Oil-Demand Forecasts After Supply Cuts

Oil futures gave up modest gains Wednesday after the Organization of the Petroleum Exporting Countries cut its outlook for growth in crude demand in 2022 and 2023 in the face of mounting economic fears.

Oil loses ground after OPEC cuts forecasts for demand growth

OPEC on Wednesday cut its 2022 forecast for growth in world oil demand for a fourth time since April and also trimmed next year's figure, citing slowing economies, the resurgence of China's COVID-19 containment measures and high inflation.

OPEC cuts 2022, 2023 oil demand growth view as economy slows

The Organization of the Petroleum Exporting Countries on Wednesday cut its estimate for growth in global demand of oil, citing an increasingly uncertain outlook for the world economy.

OPEC slashes forecasts for oil-demand growth in 2022, 2023

Crude prices could plunge if inflation proves sticky or the Federal Reserve makes a policy mistake, the bank said.

Oil could plunge to just $60 a barrel if there's a deep recession next year, RBC says

The IMF cuts its forecasts for economic growth and new Covid restrictions in China threaten to reduce activity.

News for United States Brent Oil Fund LP ETF (BNO)