ProShares Ultra Bloomberg Crude Oil

UCO provides 2x the daily return of an index of futures contracts of WTI crude.

United States Oil Fund LP

Crude oil futures and ETFs are surging Monday amid a projected weather event, a potential issue with resurrecting the 2015 Iran nuclear deal, and new input from Goldman Sachs. Brent crude oil futures for July rallied $1.71, or 2.57%, to $68.15 per barrel, while the July contract for U.S. benchmark West Texas Intermediate crude futures hit $66.02 [.

Crude Oil ETFs Surge Again as Analysts Project More Upside

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

VanEck Vectors Oil Services ETF

iPath Pure Beta Crude Oil ETN

Invesco Dynamic Oil & Gas Services ETF

SPDR S&P Oil & Gas Exploration & Production ETF

Oil futures moved sharply higher on Monday, with U.S. prices posting their highest settlement in a week, buoyed by some doubts that an Iran nuclear deal will be reached anytime soon. A lack of cooperation by Iran, as well as "skeptical comments about Iranian compliance" by U.S. Secretary of State Antony Blinken, both "lower the odds that a new agreement is reached and therefore, suggest sanctions are not likely to be lifted in the near to medium term," said Tyler Richey, co-editor at Sevens Report Research.

U.S. oil futures end at highest in a week as some doubts over an Iran nuclear deal surface

Oil futures trade higher Monday, with crude taking a cue from a positive tone for equities and a softer U.S. dollar, though traders continue to keep an eye on talks aimed at reviving a nuclear deal that could see Iran resume crude exports.

Futures Movers: Oil higher, taking cue from stock market as dollar weakens

Oil futures rallied on Friday, finding support from a potential storm in the Gulf of Mexico. Prices still posted a loss for the week as traders continued to eye developments toward an Iran nuclear deal.

Oil rallies for the session amid possible Gulf of Mexico storm, prices fall for the week

Oil futures bounce Friday, but are on track for a weekly loss, with pressure tied in part to signs of progress toward a restoration of the Iran nuclear deal that would lift sanctions against Tehran.

Market Snapshot: Oil on track for weekly loss as Iran nuclear talks make progress

Oil futures settled lower on Thursday, down for a third consecutive session, with U.S. prices at their lowest since late April. Prices have declined on the "premise that Iranian supply could find its way back on to the market," said Michael Hewson, chief market analyst at CMC Markets UK.

Oil futures settle lower as traders assess apparent progress in talks over Iran nuclear deal

Oil futures lost ground Thursday, with weakness attributed in part to signs negotiators are making progress toward a deal that would see the U.S. lift sanctions against Iran, returning a large source of supply to the market.

Futures Movers: Oil prices extend slide on optimism around restoring Iran nuclear deal

Oil futures declined on Wednesday, pushing prices to their lowest finish since late April, pressured by overall losses in the broader financial market, as traders digested the first weekly U.S. crude inventory rise in three weeks. West Texas Intermediate oil for June delivery fell $2.13, or nearly 3.3%, to $63.36 a barrel on the New York Mercantile Exchange, after trading as low as $61.95.

Oil futures log lowest settlement in more than 3 weeks

The past several months have seen the price of crude oil rise substantially. This isn't all that surprising given that the economy is slowly recovering from last year's COVID-19 shutdowns.

Crude Oil Trading At Critical Inflection Price Point

The Energy Information Administration reported Wednesday that U.S. crude inventories rose by 1.3 million barrels for the week ended May 14. On average, analysts polled by S&P Global Platts forecast a decline of 2.9 million barrels for crude stocks, while the American Petroleum Institute on Tuesday reported a 620,000-barrel increase, according to sources.

Oil futures extend losses; EIA reports a rise in U.S. crude supplies, fall in gasoline inventories

Oil futures slide Wednesday, under pressure following industry data that shows a rise in U.S. crude inventories. The drop also tracks with a slump in global equities.

Futures Movers: Oil prices fall as equities see renewed pressure, data shows rise in inventories

The American Petroleum Institute reported late Tuesday that U.S. crude supplies inched up by 620,000 barrels for the week ended May 14, according to sources. The data, however, also reportedly showed gasoline stockpiles down by 2.8 million barrels, while distillate inventories fell 2.6 million barrels.

Oil futures fall as sources say API data show a weekly rise in U.S. crude supplies

Oil futures settled with a loss on Tuesday after a tweet from BBC Persia implied that progress had been made in the Iran nuclear talks, and said that important news regarding the talks would be announced by Wednesday. Mikhail Ulyanov, Russia's envoy to the United Nations Security Council, tweeted that "significant progress" has been achieved, but "unresolved issues still remain.

Oil futures settle lower on potential progress in Iran nuclear talks

Oil futures fell sharply to fresh intraday lows on Tuesday, with traders attributing the losses to a BBC Persia report that implies progress in the Iran nuclear talks. A tweet from @bbcpersian translated to English using Google said that Mikhail Ulyanov, Russia's envoy to the United Nations Security Council in Vienna told BBC Persia that important news will probably be published by tomorrow.

Oil futures fall sharply following a BBC Persia report that implies progress in the Iran nuclear talks

Oil futures rise, with the global benchmark, Brent crude, briefly pushing above the $70-a-barrel threshold for the first time since mid-March, as traders focus on reopening activity in the U.S. and Europe.

Futures Movers: Oil trades above $70 a barrel on reopening optimism

Oil prices climbed on Tuesday, extending gains from the previous day, as optimism over the reopenings of the U.S. and European economies outweighed fears of slower fuel demand in Asia due to surging COVID-19 cases and a new wave of restrictions.

Oil extends gains on optimism over U.S., European reopenings

Oil futures climbed Monday, with optimism that an economic recovery in the U.S. and Europe will lead to higher energy demand sending U.S. prices to their highest settlement in more than two years. Prices got a boost on "hopes that large parts of Europe will soon be able to follow the U.K. on easing restrictions further, thus driving up demand over the next few weeks," said Michael Hewson, chief market analyst at CMC Markets UK.

U.S. oil futures end at highest in more than 2 years

After a sharp decline on Thursday, crude oil and crude ETFs are scrambling back toward recent highs, amid news concerning the resumption of the Colonial Pipeline, and news that the federal government has allowed Valero Energy a waiver from the Jones Act—legislation limiting the quantity of vessels that can transport oil and fuels along the [...] The post Crude ETFs Climb Back Amid Colonial Pipeline Resumption appeared first on ETF Trends.

Crude ETFs Climb Back Amid Colonial Pipeline Resumption

Oil futures nudge lower Monday, with a round of weaker-than-expected economic data from China.

Futures Movers: Oil prices edge lower after weaker China data

Oil prices edged lower on Monday as the recovery of a major U.S. pipeline network eased concerns over supply and a new wave of COVID-19 restrictions in Asia fuelled fears of lower demand.

Oil edges lower as COVID-19 restrictions in Asia fuel demand concerns

Oil futures climbed on Friday, erasing previous losses to finish higher for the week. "The Colonial Pipeline debacle got most of the attention from energy traders this week," but the shutdown "did not have a material impact on the broader market as the outage was short-lived and all operations are reportedly back to normal as we approach the weekend," said Tyler Richey, co-editor at Sevens Report Research.

Oil prices finish the week higher as pipeline shutdown 'short lived'

The price of the commodity is expected to climb and that will lift shares, too.

Oil Stocks Have Been Stuck. Why They Should Kick Into High Gear.

The oil market maintained strength this week, despite the usual intraday volatility caused by uncertainty in the economy and pandemic recovery and review. The shutdown and restart of a major US pipeline was an issue for the American market and many questions remain.

Oil prices hold firm this week but uncertainty still rules the day

Oil futures rise Friday, taking back a chunk of the previous session's tumble, as a key fuel pipeline reopened after a closure that sparked gasoline shortages across the southeastern U.S.

Futures Movers: Oil prices bounce as Colonial Pipeline reopens

Oil futures declined Thursday, with U.S. prices settling at their lowest level so far this month, following news that Colonial Pipeline has restarted operations following a ransomware-related operational shutdown late last week. The restart took "the sting out of concern about supply shortages," said Michael Hewson, chief market analyst at CMC Markets UK.

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