Invesco Capital Management LLC - Invesco Short Term Treasury ETF

Invesco DB Oil Fund

DBO tracks an index of crude oil futures contracts. It optimizes its contract selection based on the shape of the futures curve to minimize contango.

United States Brent Oil Fund LP

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 rose in early Asian trade. Prices remain supported by rising Middle East tensions.

Oil Rises, Supported by Middle East Tensions

Oct. 9th, 2024 - After gaining momentum earlier this week for powering Artificial Intelligence's energy demand, the stocks of Vistra Corp (VST, Financial), Constellation Energy (CEG, Financial) and NRG Energy (NRG, Financial) crashed with CEG leading the downfall of 7%. This drop coincided with the crude oil's falling price of WTI Futures benchmark that went lower and almost touched the support price of $70 per barrel oil.

Lower Oil Prices Allegedly Drag Energy Stocks Today

Oil traders also focus on the situation in the Middle East.

Natural Gas, WTI Oil, Brent Oil Forecasts – Oil Rebounds From Session Lows As Gasoline Inventories Fall

Gasoline inventories declined by 6.3 million barrels from the previous week.

Crude Inventories Increased By 5.8 Million Barrels

The crude oil market has fallen significantly over the last day or two, as the market will continue to see a lot of questions asked about the global demand picture, as well as the geopolitics, which is always an important thing to keep in the back of your mind.

Crude Oil Price Forecast – Crude Oil Continues to See Pressures

Kazakhstan's biggest oil field Tengiz, operated by U.S. major Chevron , boosted output to a record high in October, sources told Reuters, potentially complicating the country's future efforts to comply with its OPEC+ quota.

Top Kazakh oil field hits record output amid tensions with OPEC+, sources say

On Tuesday, the US stock market rallied after a plunge of more than 1% the previous day. The S&P 500 index rose by 0.97%, fueled by the "Magnificent 7" group led by AI giant Nvidia (NVDA, Financial, which surged 4%, reflecting broader optimism in the technology sector.

US stock markets rebounded, led by a tech rally and falling oil prices

Goldman Sachs sees global benchmark Brent jumping as much as $20 if an Israeli strike disrupts Iranian crude oil production.

U.S. crude oil drifts lower, trades below $74 per barrel after selloff

Oil futures were lower Wednesday morning ahead of official data on U.S. inventories, extending a sharp pullback seen the previous session on prospects for a cease-fire between Israel and Hezbollah.

Oil prices extend retreat after industry data shows rise in U.S. crude inventories

Crude oil futures dip as U.S. inventories surge 11M barrels, overshadowing Middle East risks and testing key $73.28 support level.

Oil News: Bearish Oil Outlook Emerges as EIA Cuts Demand and Price Forecasts

Goldman Sachs reports a slight decline in geopolitical risk premium indicators for the crude oil market, following a surge in Brent crude oil implied volatility and call option implied volatility last week. Traders are evaluating the developments in the Middle East conflict against ongoing bearish demand expectations, leading to stabilization in Asian market oil prices.

Brent Crude Oil Volatility Stabilizes Amid Middle East Tensions

EIA lowers 2024 oil demand forecast due to weak U.S. and China growth. Geopolitical tensions and price volatility remain key concerns for energy markets.

Natural Gas and Oil Forecast: EIA Cuts Demand Outlook Amid Weak Industrial Growth

Oil prices steadied in Asian trading on Wednesday, as traders weighed uncertainty surrounding developments in the Middle East conflict against continued bearish fundamentals.

Oil prices steady after sliding on potential Israel-Hezbollah ceasefire

Oil edged higher in early Asian trade, as markets weigh supply and demand side concerns.

Oil Edges Higher as Markets Weigh Supply and Demand Worries

International crude oil futures prices fell more than 4.6% as geopolitical tensions in the Middle East showed no signs of actual oil supply disruptions. West Texas Intermediate (WTI, Financial) crude for November delivery dropped $3.57, or 4.63%, to settle at $73.57 per barrel.

Oil Prices Drop Over 4.6% as Middle East Tensions Ease

Strong economic data from China is required for sustainable upside in the oil markets.

Despite Recent Rally, Oil Markets Stay Bearish

The conflict in the Middle East did not lead to supply disruptions.

Natural Gas, WTI Oil, Brent Oil Forecasts – Oil Dives 5% As Traders Focus On Potential Ceasefire In Lebanon

U.S. stocks traded higher midway through trading, with the Nasdaq Composite gaining around 200 points on Tuesday.

Crude Oil Falls Over 4%; US Trade Deficit Narrows In August

The U.S. economy is much less vulnerable to an oil shock than it was in the 1970s, Desmond Lachman writes in a guest commentary.

The U.S. Has Been Through Oil Shocks Before. An Iran Conflict Would Be Different.

The crude oil markets that I follow both look supported at this moment, as the markets are focused on multiple things at once, but they also look a little bit overdone at the moment.

Crude Oil Price Forecast – Crude Continues to See Support

A rally in oil prices was taking a pause on Tuesday early morning as traders await Israel's response Iran's latest round of aggression.

Brent falls below $80 as oil rally pauses, traders await Israeli response to Iranian missile attack

The oil rally is taking a pause as Israel has not retaliated against Iran yet. Oil prices have surged about 13% through Monday's close since Iran fired 180 ballistic missiles at Israel last week.

Crude oil prices fall about 2% as rally on Middle East war risk takes a pause

Light crude futures retreat after peaking at $78.46. Analysts predict a short-term correction as profit-taking pressures crude oil prices lower.

Oil News: Profit-Taking Sparks 2% Drop in Crude Futures; Middle East Tensions Ease

“If Warren Buffett and half of the sharp guys on Wall Street invested over $300 billion last year into domestic oil and gas, suffice to say, it ain't going anywhere.” The speaker is Matt Willer, head of Capital Markets for Phoenix Capital Group, and he is leading a webinar entitled “Investing In Domestic Energy” being broadcast to some 300 investors from his office in Denver, Colorado.

Buyer Beware: These Yield-Gushing Oil Bonds Could Derail Your Retirement

Oil surpassed the US$80 a barrel mark overnight as tensions in the Middle East continued to loom alongside the threat of supply disruptions in the US Gulf of Mexico. Benchmark Brent crude climbed as high as US$81.09 on Monday evening, before ending the day at US$81.01 for a 4.3% gain.

News for Invesco DB Oil Fund ETF (DBO)