ConocoPhillips

EOG Resources

Marathon Petroleum

Phillips 66

Hess

Diamondback Energy

Texas Pacific Land Trust

Valero Energy

Devon Energy

iShares U.S. Oil & Gas Exploration & Production ETF

IEO tracks a market cap weighted index of companies in the U.S. oil and gas exploration and production space according to Dow Jones.

United States Brent Oil Fund LP

Invesco DB Oil Fund

Direxion Daily S&P Oil & Gas Exp. & Prod. Bull 2X Shares

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

Bearish crude oil forecast ahead as weak demand and capped gains below $69.11 persist. Key levels to watch for traders in the coming week.

Oil News: Bearish Crude Outlook Ahead—Traders Watch for Deeper Losses

The recent OPEC+ decision did not provide any support to oil markets.

Natural Gas, WTI OIl, Brent Oil Forecasts – Oil Tests Key Support Amid Demand Worries

U.S. stocks traded mixed midway through trading, with the Dow Jones index falling around 0.2% on Friday.

Crude Oil Falls Over 1%; US Consumer Sentiment Surges In December

The crude oil markets that I follow here at FX Empire are still range bound at this time. However, it is worth noting that we are getting close to the bottom of the range, so a bounce could be possible.

Crude Oil Weekly Price Outlook – Crude Oil Continues to Test Lows During The Week

The crude oil markets that I follow here at FX Empire are both doing the same thing, which is to say they are testing the lower end of the range that they have been in for some time. At the end of the day, I suspect it will remain so.

Crude Oil Price Outlook – Crude Oil Continues to Trade in a Range

Speaking to CNBC's Dan Murphy on Friday, Saudi Energy Minister Abdulaziz bin Salman said OPEC+ had to undertake a "reality check" and reconcile supply-demand signals with market sentiment. The minister said OPEC+ had "not necessarily" lost confidence in global crude appetite or in recoveries in China, but admitted that "what is not helpful was the fact that some [OPEC+] countries were not attending to their commitments properly.

OPEC+ oil output delay a 'reality check' as group eyes demand, U.S. outlook, Saudi energy min says

Oil futures fell Friday and were on track for weekly losses a day after a decision by the Organization of the Petroleum Exporting Countries and its allies to further postpone a planned unwind of production cuts failed to soothe fears of a crude surplus.

Oil prices on track for weekly loss after OPEC+ fails to soothe supply worries

WTI and Brent futures decline on weak demand and rising supply. OPEC+ cut extensions to 2026 fail to offset fears of a growing surplus.

Oil News: Supply Concerns Persist Despite OPEC+ Production Cuts

Global oil markets face uncertainty as OPEC+ extends production cuts, citing sluggish demand and rising non-OPEC supply growth.

Natural Gas and Oil Forecast: OPEC+ Output Cuts Extended, Demand Concerns Dominate 2024 Outlook

Oil prices slipped in early Asian trading on Friday, with weak demand in focus after the OPEC+ group postponed planned supply increases and extended deep output cuts to the end of 2026.

Oil prices dip as extended OPEC+ supply cuts highlight weak demand

Oil edged lower in early Asian trade. Trade remains in a tight range despite OPEC's decision to keep voluntary production cuts, ANZ Research said.

Oil Edges Lower as Market Weighs OPEC Supply, China Demand

Tight price compression in crude oil signals a sharp move ahead is possible. A bearish breakout could target $65.65, while bullish potential lies above $70.67 and the 50-Day MA.

Crude Oil Price Forecast: Nears Key Levels Amid Tightening Price Patterns

Oil markets in 2025 could face turbulence if President-elect Donald Trump reintroduces strict policies toward Iran.

How Trump's Iran Policies Could Shape Oil Markets In 2025

Oil traders remain worried about weak demand.

Natural Gas, WTI Oil, Brent Oil Forecasts – Oil Pulls Back As OPEC+ Extends Production Cuts

OPEC+ at its Dec. 5 meeting made further changes to its oil production policy, by delaying a planned increase in output further into next year as it faces a weaker oil demand outlook.

Explainer: What OPEC+ oil output cuts are currently in place?

The crude oil market continues to see a lot of noisy behavior, as the bottom has held firm in both grades that I follow for FX Empire. At this point, most traders have been trading this through a rangebound trading system, with success.

Crude Oil Price Outlook – Crude Oil Continues to See Support

The Organization of the Petroleum Exporting Countries and its allies will further push back an oil production increase planned for January by three months amid softer prices and market concerns of an impending glut.

OPEC+ Delays Oil Output Hike Once Again

Eight OPEC+ members will keep production cuts of 2.2 million barrels per day in place until April 2025, two delegate sources told CNBC. The cuts were originally supposed to start phasing out in December.

Oil prices little changed as OPEC+ members to delay production increase until April

This production cut was previously due to start being phased out in December.

OPEC+ members to delay oil production increase until April

OPEC+ has agreed to delay its plan to raise oil output until April 2025, an OPEC+ source told Reuters while its meeting was underway, to provide additional support for the oil market.

OPEC+ to delay oil output hike until April, source says

OPEC+ Set to Extend Cuts: Crude oil prices hinge on today's decision. Will supply limits lift futures above resistance levels?

Oil News: Will OPEC+ Extend Production Cuts to Support Crude Oil Prices?

Oil futures rose modestly Thursday morning, with the Organization of the Petroleum Exporting Countries and its allies expected to further postpone a proposed unwinding of production cuts in the face of ample global supply and shaky demand from China.

Oil prices rise as traders await OPEC+ production decision

OPEC+ will delay its plan to raise oil output, currently set to start in January, when it meets online later on Thursday, an OPEC+ source told Reuters, to provide additional support for the oil market.

OPEC+ will delay oil output hike at meeting, source says

Bearish momentum dominates as natural gas hovers below key pivot levels. Could upcoming OPEC+ decisions reverse the trend?

Natural Gas and Oil Forecast: Will OPEC+ Extend Production Cuts into 2024?

Oil edged higher in the Asian session, trading in a tight range.

News for iShares U.S. Oil & Gas Exploration & Production ETF ETF (IEO)