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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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iPath Pure Beta Crude Oil ETN

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ProShares Ultra Bloomberg Crude Oil

United States Oil Fund LP

SPDR S&P Oil & Gas Exploration & Production ETF

Despite a recovery in oil prices on OPEC+ output cut calls, persistent oversupply and weak Chinese demand continue to cloud the market outlook.

Natural Gas and Oil Analysis: Rising Oil Prices on OPEC+ Output Cuts, but Oversupply Concerns Loom

Oil prices traded around six-month lows on Friday, with the talk of $100/barrel seeming a distant memory.  Brent crude was trading around $75/barrel while West Texas Intermediate has pushed back above $70/barrel after falling below earlier this week.

Oil price tests six-month lows as US production soars

Oil was rising for the first time in seven sessions on Friday, with some attributing the lift to verbal support by Russia and Saudi Arabia. Prices were still headed for a seventh straight weekly loss.

Oil prices rise, but still headed for another weekly loss

Russia and Saudi Arabia ask others to join them in lowering crude output to keep supplies tight.

Oil Prices Jump on Calls for More OPEC Production Cuts

Shell PLC (LSE:SHEL, NYSE:SHEL), Exxon Mobil Corporation (NYSE:XOM) and Glencore PLC (LSE:GLEN) are among the big corporations accused of raking in profits over and above the rate of inflation in the aftermath of Russia's war on Ukraine.  A new report by the Institute for Public Policy Research has accused corporates of making ‘excess profits', which in turn drove inflation higher.

Oil firms made ‘excess profits' over and above inflation, says IPPR

The Canadian dollar has declined against the greenback this week as the Bank of Canada kept rates on hold at 5%.

Loonie Struggling Amid Weaker GDP and a Cautious BoC

Despite Saudi and Russian calls for OPEC+ cuts, oil prices face their seventh straight weekly decline ahead of US jobs report, Fed decisions.

Oil Prices Forecast: Saudi's Call to Join Output Cuts Fuels Short-Covering Rally

Oil prices rose in early trade on Friday but were on track to fall 6% for the week, hovering near six-month lows, with investors fretting about weak energy demand in Asia combined with high U.S. crude production.

Oil prices head for weekly decline on signs of weakened Asian demand

Oil futures tallied a sixth straight session decline on Thursday, with U.S. prices marking back-to-back settlements below $70 a barrel. Prices remain in a broadly bearish trend over the past two months “as U.S. production growth and demand headwinds have overshadowed geopolitical risk and ongoing efforts by OPEC+ to support prices,” said Robbie Fraser, manager, Global Research & Analytics, at Schneider Electric.

Oil futures fall for a 6th straight session

A land dispute between Venezuela and Guyana has the potential to stir up risks in the oil market, but crude prices on Thursday continued to trade near their lowest levels in nearly six months.

What the Venezuela-Guyana border dispute means for oil prices

Oil prices are moving lower as China's crude oil imports declined by 9% in November.

Natural Gas, WTI Oil, Brent Oil Forecasts – Oil Tests New Lows As China Demand Worries Persist

Natural gas prices remain under pressure as traders remain focused on bearish weather forecasts.

Natural Gas Storage Draw Exceeds Analyst Estimates

Crude oil markets have bounced a bit during the trading session on Thursday, as it looks like the oversold condition may be trying to correct itself.

Crude Oil Price Forecast – Crude Oil Markets Attempt to Recover

Oil futures rose Thursday, attempting a bounce after a five-day slide that sent the U.S. benchmark back below the $70-a-barrel threshold in the previous session, as crude ended at its lowest since late June.

Oil prices attempt bounce after sliding to 5-month lows

Prices had slipped on Wednesday to the lowest levels since June on the subdued outlook for oil demand.

Oil Prices Bounce Back. $70 a Barrel Could Be a Floor.

Brent and WTI crude rebound, OPEC+ cuts, China's demand, and inventory rise hint at an uncertain, bearish oil market trend.

Oil Prices Forecast: EIA Report, China's Demand Impacts Global Trends

China's oil demand is expected to peak by 2030 at between 780 and 800 million metric tons per year, a research institute affiliated with China National Petroleum Corp (CNPC) said on Thursday.

China oil demand seen peaking by 2030 -CNPC research

Oil prices recouped some of their losses in early Asian trading but remained at the lowest levels since June, after falling in the previous session on high U.S. crude output and gasoline inventories.

Oil prices regain ground after falling to six-month lows

Oil prices fell nearly 4% to their lowest levels since June on Wednesday amid concerns about weak global energy demand and rising gasoline inventories in the U.S.

US crude oil falls below $70, the lowest since June

Oil futures fell for a fifth straight session Wednesday, leading U.S. prices to settle below $70 a barrel for the first time in more than five months. “The market is doubtful about the efficacy of OPEC's latest output cuts,” said Fawad Razaqzada, market analyst at City Index and FOREX.com.

U.S. oil futures fall a fifth session to settle at lowest since late June

Oil traders stay focused on the weakness of oil demand.

Natural Gas, WTI Oil, Brent Oil Forecasts – Oil Dives As U.S. Gasoline Stocks Rise

U.S. crude declined nearly 4% on Wednesday with retail gasoline prices hitting the lowest point this year ahead of the holiday shopping and travel season.

U.S. crude drops below $70 per barrel, gas prices fall to 11-month low

Crude oil markets broke down rather significantly during the trading session on Wednesday, as we are now through major support.

Crude Oil Price Forecast – Crude Oil Markets Continue to Break Down

OPEC oil output fell in November in the first monthly drop since July, a Reuters survey found, as a result of lower shipments by Nigeria and Iraq as well as ongoing market-supporting cuts by Saudi Arabia and other members of the wider OPEC+ alliance.

OPEC oil output drops in November, in first fall since July -survey

Oil prices, affected by OPEC+ decisions and China's economic outlook, lead to a decrease in Brent crude and WTI, impacting the global oil market.

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