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

The oil markets continue to look weak at the moment, as this past week has been dreadful. The market will continue to see a lot of volatility, but it is worth noting that the market is a leading economic indicator.

Crude Weekly Price Forecast – Crude Continues to Look Weak

Bank of America Global Research on Friday downgraded its 2025 Brent price forecast by $5 to $75 per barrel, citing weaker demand, particularly from China, and significant inventory builds.

BofA lowers 2025 Brent forecast by $5/bbl on softer demand

In the early hours of Friday, we saw crude oil try to recover from the relentless selling pressure. At this point in time, we could be looking at a signal that things are about to get worse from an economic standpoint.

Crude Oil Price Forecast – Crude is Trying to Fight Back

The Brent global benchmark has fallen 7.2% and is on pace for its worst week since October 2023. The U.S. benchmark is down 5.4% for its worst week since early May.

Oil prices set for worst week since October 2023 as OPEC+ fails to reassure market

Demand concerns and prospects for a supply surplus in 2025 have weighed on oil prices. We've revised lower our Brent forecast for the rest of the year.

Oil Demand Worries And Natural Gas Supply Risks

Oil futures were steady early Friday as investors awaited the U.S. August jobs report, but were on track for a large weekly slide on worries over the outlook for demand.

Oil prices on track for hefty weekly drop on fears over demand

Crude oil steadies after sharp losses. OPEC+ delays output hikes, but demand concerns in the U.S. and China overshadow supply cuts and inventory draws.

Oil News: Oil Prices Stabilize Near 14-Month Low, Demand Concerns Linger

A major U.S. crude inventory withdrawal and OPEC+ decisions shape oil's outlook, while technical indicators suggest potential bullish breakouts for natural gas.

Natural Gas and Oil Forecast: U.S. Inventory Drop Sparks Volatility—What to Expect Next

Oil prices fell on Friday after data showed U.S. employment increased less than expected in August, and were on track for a heavy weekly loss as demand concerns outweighed a delay to supply increases by OPEC+ producers.

Oil falls on US jobs data, set for big weekly drop

After hitting a new trend low of $69.37, crude oil faces increasing downward pressure, with key support at $69.18 and potential for further losses toward $67.82 and beyond.

Crude Oil Price Forecast: Hits Support but Bearish Momentum Remains

Oil traders remain bearish despite the delay in OPEC+ production hike.

Natural Gas, WTI Oil, Brent Oil Forecasts – Oil Retreats From Session Highs As Traders Focus On EIA Data

OPEC+ has agreed to delay a planned oil output increase for October and November, the producers group said on Thursday after crude prices hit their lowest in nine months, adding that it could further pause or reverse the hikes if needed.

OPEC+ agrees to delay October oil output hike for two months

On Wednesday, Citi stated that if OPEC+ doesn't cut production further, the average price of oil could fall to $60 per barrel in 2025, driven by reduced demand and increased supply from non-OPEC countries.

Citi Says Oil Prices Could Plunge Below $60 Amid Market Uncertainty

The agreement means that the market is less worried about oversupply heading into the fall.

OPEC's Production Pause Halts Oil's Slide

EIA natural gas storage build of +13 Bcf missed analyst estimates.

Crude Inventories Decline By 6.9 Million Barrels

Members of the OPEC+ oil alliance have delayed plans to hike production by a scheduled 180,000 barrels per day in October, according to two OPEC+ sources, who could only speak anonymously due to the sensitivity of talks. The increases were part of a plan to gradually return a broader 2.2 million barrels per day to the market over the following months.

OPEC+ members delay plans to hike production by two months after oil price slump

The oil market continues to see selling pressure, as we are trying to sort out whether or not the bottom will hold. The market has been range bound for some time now, and we are at extreme lows, and testing a potential break down of the overall trend.

Crude Oil Price Forecast – Crude Oil Continues to Drift Lower

Natural gas futures test key pivot at $2.145, with EIA report expected to spark volatility. Mild weather limits demand, but LNG exports provide price support.

Natural Gas News: Futures Test Key Pivot at $2.145 as Market Awaits EIA Storage Report

The U.S. benchmark has shed more than 5% this week, while the Brent global benchmark is down 7.2%. Crude oil futures have lost all gains for the year.

U.S. crude oil trades above $69 per barrel after two straight days of losses

Oil futures rose Thursday, attempting to get their footing after falling to their lows of 2024 on fears of an economic slowdown.

Oil prices attempt bounce off 2024 lows after inventory drop as traders watch OPEC+

OPEC+ is nearing an agreement to delay an oil output increase scheduled to start in October after oil prices hit their lowest in nine months, two sources from the producer group told Reuters on Thursday.

OPEC+ nearing agreement to delay oil output hike, sources say

Oil prices rise as U.S. crude inventories plunge and OPEC+ considers delaying output hikes. Read the latest on demand concerns and price forecasts.

Oil News: Crude Prices Stabilize on U.S. Inventory Drop as OPEC+ Weighs Supply Delay

Signs of weaker oil demand have pulled prices for the commodity to their lowest levels of the year, complicating plans by major oil producers to increase crude production in the fourth quarter.

Why it's ‘practically impossible' for OPEC+ to boost oil output now

The iShares U.S. Oil & Gas Exploration & Production ETF is heavily exposed to oil prices, with 75.5% of assets in E&P stocks. Macro concerns include China's struggling economy and US industrial hesitation, impacting oil demand and economic confidence. Demand-side factors are crucial as OPEC+ supply cuts roll back, with geopolitical tensions adding uncertainty to oil prices.

IEO: Following Macroeconomic Threads Makes Us Wary Of Oil

OPEC+ delays and a strong U.S. dollar impact oil prices. Market sentiment remains bearish with key resistance levels posing challenges for further upside.

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