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

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ProShares Ultra Bloomberg Crude Oil

United States Oil Fund LP

SPDR S&P Oil & Gas Exploration & Production ETF

West Texas Intermediate (WTI) crude oil jumped more than 2% to an eight-week high on Monday amid expectations of improving demand over the summer travel months and growing concerns that a regional expansion of the Middle East conflict could cause disruption to global oil supplies.

Watch These Key WTI Oil Price Levels As Chart Signals Possible Breakout

The crude oil outlook is bullish short-term with OPEC+ likely to maintain production cuts until prices exceed $90/barrel.

Crude Oil News Today: OPEC+ Restrictions, Summer Travel Boom Set Bullish Tone

Oil futures rose Tuesday, trading at their highest since late April, with gains tied to expectations for heavy travel around the Independence Day holiday and concerns that powerful Hurricane Beryl could later cause disruptions to offshore crude production in the Gulf of Mexico.

Oil prices extend gains on July 4 travel expectations, Hurricane Beryl worries

Fuel prices dropped for the second consecutive month in June, but both diesel and petrol prices remain higher than the RAC believes they should be.  Petrol prices dropped by 3p to 145p a litre last month, while diesel fell by close to 4p to under 150p, but the automotive service group claimed it was "still too expensive" when compared against wholesale prices.

Fuel prices slow in June, but "still too expensive"

Natural gas dips to $2.46 while WTI nears $83.50, prompting analysts to warn of possible market correction driven by rate cut speculation and storm threats.

Natural Gas and Oil Forecast: WTI Nears $83.50; Bearish Correction Ahead?

Oil prices were little changed on Tuesday, holding near the two-month highs reached in the previous session, on expectations for rising fuel demand from the summer travel season and possible U.S. interest rate cuts that could boost economic growth.

Oil holds near two-month high on higher demand outlook, possible rate cut

Oil prices are supported by strong demand during the summer driving season.

Natural Gas, WTI Oil, Brent Oil Forecasts – Oil Tests Multi-Month Highs As Traders Focus On Rising Demand

Oil futures edged higher in Monday dealings, building on a solid June gain as investors weighed the outlook for summer demand and a fifth consecutive drop in the number of active U.S. oil-drilling rigs.

Oil ticks higher to begin July as traders keep eye on demand outlook, drilling activity

The crude oil market continues to see a lot of upward pressure, albeit gradual. This is a market that essentially is a market that is based on the idea of increasing demand over the summer.

Crude Oil Price Forecast – Crude Continues to See Buyers

U.S. crude oil rose above $82 per barrel as prices have gained ahead of the Fourth of July. Though oil prices have risen, the average price for a gallon of gasoline stands at $3.49 nationwide, down about five cents from last month.

U.S. crude oil rises, tops $82 per barrel ahead of Fourth of July holiday

UK Oil & Gas PLC (AIM:UKOG) is spearheading a project to create large hydrogen storage caverns under Britain's former naval base in Portland Harbour, Dorset. According to the Sunday Telegraph, the plan includes excavating 19 caverns, each the size of St Paul's Cathedral, to store hydrogen for emergency use during energy shortages from wind and solar sources.

UK Oil & Gas gets back on the horse with hydrogen plan

Given supply deficits from OPEC+ cuts, peak demand, and geopolitical tensions, the short-term oil price forecast is bullish.

Crude Oil News Today: Underpinned by OPEC+ Cuts, Capped by China Headwinds

Brent oil surged 6% in June, staying above $85 per barrel, while WTI traded at $81.85, driven by summer demand and OPEC+ cuts.

Natural Gas and Oil Forecast: Brent Rises 6% in June, WTI at $81.85

Oil prices edged up in early trade on Monday, supported by forecasts of a supply deficit stemming from peak summer fuel consumption and OPEC+ cuts in the third quarter, although global economic headwinds and rising non-OPEC+ output capped gains.

Oil inches higher on summer demand outlook

A few weeks ago, many energy industry analysts expected global oil prices would rebound in the second half of this year, with Brent crude rising above $90 a barrel or higher, but that changed after the Organization for Petroleum Exporting Countries (OPEC+) announced earlier this month that it would begin lifting current production limits by October—sooner than many anticipated.

What To Watch in Oil Markets in the Second Half of the Year

Bullish crude oil outlook persists as Middle East tensions outweigh weak US demand and inventory builds, fueling supply disruption concerns.

Crude Oil News Today: Will Middle East Tensions Drive Crude Oil Futures Higher?

U.S. natural gas, hovering near $2.625, faces potential declines if production increases and temperatures moderate.

Natural Gas, WTI Oil, Brent Oil Forecasts – Double-Top Formation Capping NatGas

The crude oil market continues to see buyers, as this past week has been strong. With this, the market continues to see a lot of short-term strength, as the market is pricing in the idea of summer demand picking up.

Crude Oil Weekly Price Forecast – Crude Oil Continues to Grind Higher

IEO is a sector-specific ETF tracking the Dow Jones U.S. Select Oil Exploration & Production Index, providing exposure to U.S. oil and gas companies. The fund is diversified, with holdings in oil & gas exploration, refining, marketing, natural gas, and biofuels companies. Top holdings include ConocoPhillips, EOG Resources, and Marathon Petroleum, with strong analyst ratings and potential for growth and capital returns.

IEO: U.S. Oil & Gas Is A Contrarian And Smart Investment

U.S. oil is up about 1.8% for the week and 6.7% for the month of June. Oil prices are rising as signs point toward a military conflict between Israel and Hezbollah, stoking fears of a direct confrontation with OPEC member Iran.

U.S. oil trades near two-month high, heads for third-straight weekly gain on Israel-Hezbollah war fears

Oil futures rose Friday, on track to book monthly gains as investors continued to fret over the possibility of a wider Middle East conflict that could threaten flows of crude out of the region.

Oil prices rise, head for monthly gains as Middle East fears simmer

And no, it's not Joe Biden, Donald Trump or Scott Sheffield. The current price is well above the long-run marginal cost of oil (assuming a free market, which, well, never happened, never will) and is held at that level not only by OPEC+ quotas (which are keeping 3.5 mb/d of oil of the market as of this writing), but also by political decisions made by several leaders in oil exporting countries.

High Oil Prices Depend On A Handful Of People

Oil prices will not change much in the second half of 2024 as concerns around demand from China and prospects of higher supply from key producers counter risks from geopolitical tensions, a Reuters poll indicated on Friday.

Oil prices to stay steady as China demand woes offset Mideast risks - Reuters poll

Given the current geopolitical tensions and potential weather-related supply disruptions, the short-term outlook for oil prices remains bullish.

Crude Oil News Today: Prices Surge on Geopolitical Strife, Weather Threats

Top oil exporter Saudi Arabia may cut prices for crude grades it sells to Asia for a second month in August, tracking weakness in Middle East benchmark Dubai, trade sources said on Friday.

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