Occidental Petroleum

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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

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 prices navigate a complex landscape with geopolitical tensions and OPEC's cohesion at stake, impacting commodities like USOIL, UKOIL, and Natural Gas.

Natural Gas and Oil Analysis: Market Reacts to Geopolitical Tensions and OPEC Dynamics

In 2023, geopolitical tensions reshaped oil prices and trade; China's economic normalization and COP28 heralded a shift towards renewables in 2024.

Oil Prices Forecast for 2024: Trader Reaction to $79.50 Sets Yearly Tone

Closure of Red Sea passage could lead to volatility in global crude oil markets and potential disruptions in the supply chain. Traders can use leveraged ETFs like GUSH to capitalize on potential crude oil market volatility. Major oil producers may not be significantly impacted by the closure of the Red Sea passage in the short run.

GUSH: Uncertainty Over Red Sea Passage Creates Short-Term Trading Opportunities

Crude oil inventories are running lower than normal in the world vs. current demand levels, where any supply shock will be difficult to handle. Excessive money printing over the decades, rising production costs, and a depleted U.S. SPR emergency stockpile are bullish factors for petroleum prices. With little mainstream investor interest in oil/gas names, today may prove an excellent time to own the group with leverage.

GUSH: For Oil Bulls

Recent production cuts by the cartel and its allies haven't led to sustained higher oil prices.

OPEC Is Losing Its Mojo on Wall Street

A potential widening of the Israel-Hamas war is only one issue that could upend oil markets. South America and OPEC are also wild cards.

3 Surprises That Could Rattle Oil Markets in 2024

Oil traders are not ready for big moves ahead of the weekend.

Natural Gas, WTI Oil, Brent Oil Forecasts – Oil Prices Are Mostly Flat As Traders Wait For Catalysts

NEW YORK, Dec 22 (Reuters) - Oil prices were little changed on Friday ahead of the long Christmas holiday weekend as worries that Houthi attacks on ships in the Red Sea were boosting supply costs offset expectations Angola could increase output after leaving OPEC.

Oil prices steady as Red Sea tensions offset possible future rise in Angola output

The crude oil markets have rallied during the course of the week to reach a major resistant barrier in both grades of crude oil that I follow.

Crude Oil Weekly Price Forecast – Crude Oil Markets Rally Again

LONDON, Dec 22 (Reuters) - Oil prices rose on Friday as tensions persisted in the Middle East following Houthi attacks on ships in the Red Sea, although Angola's decision to leave OPEC raised questions over the group's effectiveness in supporting prices.

Oil prices set for weekly gain as Red Sea tension persists

Crude oil markets have rallied on Friday to show signs of life, as it looks like a situation where traders continue to threaten the upside.

Crude Oil Price Forecast – Crude Oil Markets Rally Into The Holiday

Oil futures rose Friday, on track for weekly gains as concerns over shipping disruptions via the Red Sea provided support.

Oil prices set for weekly gain as worries rise over Red Sea

WATCH: Attacks on merchant vessels by Houthi militants are forcing more shipping companies to avoid the Red Sea, disrupting world trade

More shippers avoid Red Sea, oil prices spike - Business

WTI futures climb with geopolitical risks, U.S. stockpile changes, and OPEC moves reshaping market outlook.

Oil Prices Forecast: Higher as Traders Assess Red Sea Risks to Supply

International oil futures fell by over 2% intraday on Thursday (December 21, 2023), before mounting a partial recovery, after Angola announced its decision to quit the Organization of the Petroleum Exporting Countries (OPEC).

What Angola's Shock Departure From OPEC Means For Global Oil Markets?

NEW YORK, Dec 21 (Reuters) - Oil prices settled lower on Thursday after Angola said it would exit the Organization of the Petroleum Exporting Countries (OPEC), raising questions about the producer group's efforts to support prices by limiting global supplies.

Oil prices slip as Angola decides to exit OPEC

Angola decided that OPEC membership did not serve its interests.

Natural Gas, WTI Oil, Brent Oil Forecasts – Oil Pulls Back As Angola Exits OPEC

LONDON, Dec 21 (Reuters) - Oil prices fell by more than $1 a barrel on Thursday after Angola announced it is leaving the Organization of the Petroleum Exporting Countries (OPEC).

Oil down more than $1 a barrel as Angola decides to exit OPEC

The crude oil markets have been all over the place during early trading on Thursday, as the market continues to sort out positions heading into the holidays.

Crude Oil Price Forecast – Crude Oil Markets Continue to See Volatility

One of Africa's biggest oil producers is leaving the cartel because it doesn't want to lower output, Reuters reported.

OPEC's Power Weakens as Angola Quits Cartel. Oil Prices Are Falling.

Oil futures pulled back early Thursday after a build in U.S. petroleum supplies and record domestic production cooled a rally sparked by disrupted shipments in the Red Sea.

Oil prices threaten to snap 3-day winning streak

Brent and WTI crude oil fall due to inventory build and high U.S. production; WTI expected to drift between $70-$75 amid cautious sentiment.

Oil Prices Forecast: Lower as Inventory Surges, Middle East Tensions Ease

Oil traders take some profits off the table after the strong rebound from December lows.

Natural Gas, WTI Oil, Brent Oil Forecasts – Oil Moves Away From Session Highs On Profit-Taking

LONDON, Dec 20 (Reuters) - Global oil benchmark Brent hovered above $80 a barrel on Wednesday amid jitters over global trade disruption and geopolitical tensions in the Middle East following attacks on ships by Yemen's Iran-aligned Houthi forces in the Red Sea.

Brent lurks above $80 as Red Sea tensions spur jitters

Crude oil markets rallied a bit during the trading session on Wednesday, as we slam into a major resistance barrier.

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