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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

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

iShares U.S. Oil & Gas Exploration & Production 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

The Energy Information Administration reported Wednesday that U.S. crude inventories fell by 8 million barrels for the week ended April 30. On average, analysts polled by S&P Global Platts forecast a decline of 3.9 million barrels for crude stocks, while the American Petroleum Institute on Tuesday reported a 7.7 million-barrel drop, according to sources.

Oil futures remain higher as EIA reports an 8 million-barrel weekly drop in U.S. crude supplies

Oil rises for a third straight day Wednesday, with Brent crude, the global benchmark, trading near the $70-a-barrel threshold on expectations for higher demand as the European and U.S. economies reopen

Futures Movers: Oil rises toward $70 a barrel on ‘reopening euphoria'

A protracted legal and political fight that has pitted two pillars of the Republican base against each other reached its apex last week at the Supreme Court. The outcome of the case rests on how the nine justices interpret the meaning of the word “extension”.

Oil And Ethanol Fight At The Supreme Court Over The Word “Extension”

With the specter of a China confrontation being introduced, expect the move in commodities to kick into another gear.

Potential Confrontation With China May Spike Oil Prices

The American Petroleum Institute reported late Tuesday that U.S. crude supplies fell by 7.7 million barrels for the week ended April 30, according to sources. The data also reportedly showed gasoline stockpiles down by 5.3 million barrels, while distillate inventories declined by nearly 3.5 million barrels.

Oil futures rise as sources say API data show weekly U.S. crude supplies down 7.7 million barrels

Oil futures posted a second gain on Tuesday, with traders betting that fuel demand will strengthen in the U.S. and Europe, as the market heads into the summer travel season. "From here on out the thing to watch will be air travel," said James Williams, energy economist at WTRG Economics.

Oil futures post a second gain on bets for higher demand

Oil rises Tuesday as investors focus on the lifting of COVID-related restrictions in the U.S. and Europe.

Futures Movers: Oil pushes higher as U.S., Europe ease COVID restrictions

Oil futures settled higher on Monday, supported by signs of stronger global demand, even as India continues to suffer from record daily cases of COVID-19. "To some degree, given the onset of warmer weather in many parts, the worst of the pandemic may be priced in and this will bring a tailwind of [oil] demand," said Phillip Streible, chief market strategist at Blue Line Futures.

Oil futures finish higher on signs of stronger global demand

Oil futures edge lower in choppy trade Monday as COVID-related fears over the demand outlook remain in focus.

Futures Movers: Oil edges lower as worries grow over demand outlook

Oil futures settled with a loss on Friday, but finished the month higher. Oil prices ended the month with a solid gain as" mostly upbeat economic data and good earnings results suggest the global recovery is gaining traction and potentially accelerating, which in turn has bolstered the demand outlook," said Tyler Richey, co-editor at Sevens Report Research.

Oil futures fall for the session, but tally a gain for the month

Oil futures pull back Friday, with weakness tied to worries over the global economic outlook, but remain on track for weekly and monthly gains.

Futures Movers: Oil falls on renewed global growth fears, but is on track for monthly gains

Oil prices slipped on Friday, taking a breather after touching their highest in six weeks as economic recovery and bullish summer fuel demand outlook outweighed concerns of wider lockdowns in India and Brazil to curb COVID-19 pandemic.

Oil prices slip from six-week high, on track for monthly gains

Oil futures climbed on Thursday, with data showing strong first-quarter U.S. economic growth boosting expectations for energy demand, even as India continues to struggle with a rise in COVID-19 cases. June West Texas Intermediate crude rose $1.15, or 1.8%, to settle at $65.01 a barrel on the New York Mercantile Exchange.

Oil futures finish higher as upbeat U.S. economic data boost demand prospects

Improvement in the macro climate and crude price stability are due but Covid-19's menacing shadow in India suggests a return to pre-pandemic pricing and activity is not imminent.

Oil Market Turnaround More Likely In 12 To 18 Months

Oil futures are on track for a third straight gain Thursday, boosted by optimism over the summer demand outlook despite surging COVID cases in India.

Futures Movers: Oil aims for 3-day win streak on demand optimism

Oil prices extended gains on Thursday after rising 1% the previous session, as bullish forecasts on recovering demand this summer offset concerns of rising COVID-19 cases in India, Japan and Brazil.

Oil prices extend gains as demand outlook offsets India concerns

United States Copper Index Fund

iPath Bloomberg Copper Subindex Total Return ETN

Goldman Sachs expects commodities prices to stage double-digit rallies over the next six months as coronavirus restrictions ease across the world, aided by lower interest rates and a weaker dollar. The bank in a note Wednesday said it predicts the price of Brent crude, oil's international benchmark, to rise 19% to $80 a barrel and West Texas Intermediate crude to jump 20% to $77 a barrel.

Oil will surge 19% and copper will see double-digit returns over the next 6 months as economic reopening gives commodities a boost, Goldman says

Commodities prices have risen rather sharply over the past 12-18 months, adding to worries of pricing pressure and inflation. As you can see in the chart above, businesses are taking note.

Perhaps Inflationistas Should Be Watching Crude Oil?

Oil futures climbed on Wednesday, with prices settling at their highest in about six weeks. Prices got a boost after the Organization of the Petroleum Exporting Countries and its allies, together known as OPEC+, on Tuesday kept their plan to gradually raise production starting in May, implying that they expect higher demand for oil.

Oil futures settle at highest since mid-March on some signs of strength in demand

Global oil markets are headed for a supply crunch once the pandemic is under control and demand for oil rebounds. When that happens, the role of the U.S. shale sector could be more important than OPEC at maintaining price stability.

Oil Market Will Tighten But Shale Should Prevent Supply Crunch

I am bullish on Crude oil futures for a trade here, following this week's reversal higher. The price of crude oil futures held above the lower end of its price channel and 50-day moving average.

Crude Oil Futures Bullish Reversal Higher Targeting $70

Oil futures trade higher Wednesday, finding support after the Organization of the Petroleum Exporting Countries and its allies stuck with plans to continue gradually easing production curbs, signaling confidence in the demand outlook despite a surge in COVID-19 cases in India.

Futures Movers: Oil prices buoyed by OPEC+ confidence, traders await storage data

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Oil futures ended higher on Tuesday after the Organization of the Petroleum Exporting Countries and its allies, together known as OPEC+, held their meeting a day earlier than scheduled and decided to keep their plan to gradually raise production starting in May. OPEC+ is "holding firm to its decision to increase supply, gradually and carefully, over the coming months," said Ann-Louise Hittle, vice president, Macro Oils, at Wood Mackenzie.

Oil futures end higher as OPEC+ keeps its plan to slowly raise output

Oil futures continued to trade higher on Tuesday after reports said that the Organization of the Petroleum Exporting Countries and its allies, together known as OPEC+, will keep its plan to gradually raise production starting in May, and cancel an OPEC+ meeting that was scheduled for Wednesday. OPEC+ ditched plans to hold the ministerial meeting Wednesday, Reuters reported, citing four OPEC+ sources, following a meeting Tuesday of ministers who are members of a market monitoring panel.

Oil futures remain higher as reports say OPEC+ will cancel Wednesday meeting

Traders will be paying close attention to the two most important events for this week, which are likely to set the tone for gold and oil prices for the coming month.

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