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VanEck Vectors Oil Services ETF

OIH tracks a market-cap-weighted index of 25 of the largest US-listed, publicly traded oil services companies.

United States Brent Oil Fund LP

Invesco DB Oil Fund

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United States Oil Fund LP

SPDR S&P Oil & Gas Exploration & Production ETF

There is little sign OPEC+ intends to change course from its current output plan of a monthly hike of 400,000 barrels per day.

OPEC to decide on oil output policy as omicron Covid variant rattles markets

OPEC+ sees the oil surplus worsening to 2 million barrels per day (bpd) in January, 3.4 million bpd in February and 3.8 million bpd in March next year, an internal report seen by Reuters showed.

OPEC+ sees worsening oil surplus Q1, 2022 - document

The Dow Jones Industrial Average is up 0.9% with the Nasdaq Composite headed to a 1.4% jump after Asian and European rallies.

Stocks Bounce Back With Oil Up Sharply Ahead of OPEC Meeting

Oil prices could move "a lot higher" and hit $150 when the world fully reopens, says Christopher Wood from Jefferies.

Oil may hit $150 and a surge could 'definitely escalate an inflation scare,' says Jefferies

Oil prices clawed back some losses on Wednesday after steep falls in the previous session, as major producers prepared to discuss how to respond to the threat of a hit to fuel demand from the Omicron variant.

Oil rises 1% ahead of OPEC meeting under Omicron cloud

OPEC and its allies begin two days of meetings on Wednesday to decide whether to release more oil into the market or restrain supply amid an oil price rout and fears the Omicron coronavirus variant could weaken global energy demand.

OPEC+ begins two days of talks amid oil rout

Major oil producers face a difficult decision on production levels Thursday as a recovery in energy demand hit a setback with the discovery of a new variant of the coronavirus that causes COVID-19.

Commodities Corner: OPEC+ at a crossroads as oil prices post worst monthly drop since the pandemic began

Oil futures settled sharply lower on Tuesday, with prices posting their largest monthly loss since the pandemic officially began in March of 2020. "Crude prices got hit with a one-two punch" from the Moderna MRNA, -3.75% CEO's concern over the current MRNA vaccines' effectiveness with the omicron variant of the coronavirus, and after the Federal Reserve briefly sent the dollar higher and brought forward rate hike expectations, said Edward Moya, senior market analyst at Oanda.

Oil futures suffer largest monthly loss since March 2020

U.S. crude oil production fell 3.5% in September after Hurricane Ida temporarily halted most crude production in federal waters of the Gulf of Mexico, according to a monthly report from the U.S. Energy Information Administration on Tuesday.

U.S. crude production falls 3.5% in Sept after Ida hit offshore output - EIA

The following table shows crude output by the Organization of the Petroleum Exporting Countries (OPEC) in millions of barrels per day (bpd) in November and October, according to a Reuters survey published on Tuesday.

OPEC oil output rises by 220,000 bpd in November - survey

Oil futures fell sharply Tuesday, under renewed pressure after the chief executive of Moderna Inc. warned that vaccines were likely to be less effective against the omicron variant of the coronavirus that causes COVID-19.

Oil prices drop 4% on worries over vaccine effectiveness against omicron variant

Oil prices will stay elevated into next year as OPEC+ keeps a tight leash on supply despite U.S.-led strategic crude releases, a Reuters poll showed on Tuesday, but a COVID-19 resurgence fuelled by the Omicron variant could loom large over the outlook.

Oil bound for gains as OPEC+ guards supply, but virus threat looms

Oil prices climbed on Tuesday, extending a rebound from last week's plunge on growing expectations major producers would pause plans to add crude supply in January amid uncertainty over the severity of the Omicron coronavirus variant.

Oil prices rise on bets OPEC+ will hold off output hike

The surge in oil prices this year has angered drivers, tainted Americans' views on the economy and confounded both the White House and Federal Reserve. Unfortunately, JPMorgan Chase says the oil spike is just getting started.

JPMorgan warns the oil surge is just getting started, and will push prices at the pump higher

Oil futures rose on Monday, with U.S. prices marking a modest rebound from the more than 13% decline seen on Friday as traders eye developments tied to the omicron coronavirus variant and how it might hurt economic activity and demand for oil. Price-wise for oil, "it's possible that the kneejerk reaction to omicron is overdone," said Ipek Ozkardeskaya, senior analyst at Swissquote, in an earlier note.

Oil prices mark a slight rebound from late last week

"We believe the market may overestimate the impacts of the recent emergence of the Omicron variant of COVID-19 on oil prices," JPMorgan said.

Oil prices are set to rise as high as $150 a barrel as OPEC+ controls supply in the face of Omicron concerns, JPMorgan says

Oil futures can shake off a breathtaking Black Friday plunge and then some, with crude likely to test $125 a barrel next year and overshooting to $150 in 2023, with OPEC+ “firmly in the driver's seat,” according to analysts at J.P. Morgan.

The Tell: Oil could still hit $150 a barrel with OPEC+ ‘in the driver's seat': J.P. Morgan

Oil prices will surge around 66% to US$125 per barrel in 2022, according to JP Morgan, which sees the crude market at the start of a new super-cycle'. Crude could reach as high as US$150 per barrel by 2023, the US bank said.

JP Morgan sees oil prices surging to US$125 in 2022 before hitting US$150 in 2023

Oil advanced on Monday as traders said Friday's sharp sell-off, which was crude's worst day of the year, was overdone.

Oil jumps 5%, recouping some losses following worst day of the year

Stocks were battered on Black Friday but crude markets were hardest-hit. However, there are critical reasons to remain bullish on oil.

Omicron Covid Variant Hit Oil Hard. Why Crude Could Still Reach $125 a Barrel.

U.S. motorists could see gasoline prices fall below $3.00 a gallon in the coming weeks after crude futures posted their steepest losses since April 2020 on Friday as a new coronavirus variant threatened to extend the pandemic.

Explainer-U.S. gasoline prices could fall below $3 if oil market sustains losses

Investors were assessing the likely damage to oil demand from the Omicron COVID-19 variant, while the OPEC+ group postponed a meeting to do the same.

Oil rebounds from Friday's rout, as traders assess the impact on demand of the Omicron variant

LONDON (Reuters) -Oil rebounded by almost 5% on Monday to $76 a barrel as some investors viewed Friday's slump in oil and financial markets on concern about the Omicron coronavirus variant as overdone.

Oil rebounds to $76 on speculation Omicron-related drop overdone

The oil market has been getting used to volatility in recent weeks, but nothing could have prepared it for the drastic drop in price by close of trading on Friday. Brent crude was down by more than 11 percent to close at US$72.72 with WTI holding above US$68 a barrel.

Worrying week ahead for oil markets

Oil prices climbed on Monday, recouping a portion of dramatic losses seen late last week as markets scrambled to assess a new COVID variant. Investors are also awaiting this week's OPEC meetings, some of which have reportedly been delayed due to recent price action.

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