United States Oil Fund LP

USO holds predominantly short-term NYMEX futures contracts on WTI crude oil.

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

ProShares Ultra Bloomberg Crude Oil

SPDR S&P Oil & Gas Exploration & Production ETF

Oil futures fell sharply on Tuesday, with U.S. prices marking at their lowest price of the year. The oil market is “moving in fear that the Federal Reserve is going to drive the economy into a recession,” said Phil Flynn, senior market analyst at The Price Futures Group.

U.S. oil futures settle at lowest price of the year

Russia plans to fight against the oil price cap mechanism.

Russia's Answer To The Oil Price Cap? An Oil Price Floor

The U.S. Energy Information Administration on Tuesday raised its forecast for this year's crude output growth marginally, while petroleum demand is likely to rise less than previously expected.

U.S. crude output and petroleum demand to rise in 2022 - EIA

That crude oil prices and inflation have a correlation is long known. The issue is which comes first, and is oil causal for inflation or vice versa.

Inflation Is Not Oil's Fault

Oil slipped again Tuesday after the price of Brent crude settled at its lowest level since January one day earlier as worries about more interest rate rises by the Federal Reserve rippled across markets despite concerns about the impact of the G7 price cap on Russian oil imposed Monday.

Oil slides as worries about more Fed hikes rattle market

More than a dozen massive oil tankers are stuck near the exit to the Black Sea, the first noticeable disruption to global energy markets after the West imposed a price cap on Russian crude.

Oil Price Cap Triggers Tanker Traffic Jam in Turkish Straits

Oil declined the most in two weeks on Monday after data showed the U.S. services sector is stronger than expected.

Oil Prices Fall Further Despite Tanker Traffic Jam Off Turkey

The divergence has surprised some on Wall Street, as sputtering crude prices threaten to undermine producers' profits.

Oil Prices and Energy Stocks Are Headed in Different Directions. What Gives?

They declined the most in two weeks on Monday after data showed the services sector is stronger than expected.

Oil Prices Stay Lower After Big Drop on Worry About Fed Hikes

A stronger greenback tends to weigh on foreign demand for dollar-denominated crude oil. This is likely the main reason prices fell on Monday.

Oil Price Fundamental Daily Forecast – Fed Rate Hike Concerns Support Dollar, Cap Crude Oil Gains

An EU price cap on Russian crude oil exports kicked in Monday. Shipping insurance providers need to abide by the new rules.

The EU price cap on Russian oil is already disrupting the market — tankers are piling up off Turkey after Ankara demands insurance paperwork

Oil prices edged higher on Tuesday, after a G7 price cap on Russian seaborne oil came into force on Monday on top of a European Union embargo on imports of Russian crude by sea.

Oil prices rise after price cap on Russian crude, OPEC+ meeting

Uncertainty over Fed policy drove the U.S. Dollar higher, weighing on dollar-denominated commodities like crude oil and gold.

Crude Oil Price Update – Strong Greenback Weighs on Dollar-Denominated Oil

Oil markets swung into a massive redrawing of trade routes Monday as EU's embargo of Russian oil took full effect. The post Oil Markets In Flux As Embargo Deepens; China, India Demand Russian Discounts appeared first on Investor's Business Daily.

Oil Markets In Flux As Embargo Deepens; China, India Demand Russian Discounts

Compass

Global X Dow 30 Covered Call ETF

United States Natural Gas Fund LP

Exchange-traded funds focused on oil and gas dropped Monday, as investors weighed a price cap on Russian oil as well as economic data prompting concerns that the Federal Reserve may need to keep up its aggressive monetary tightening for longer. Shares of the SPDR S&P Oil & Gas Exploration & Production ETF XOP, -4.64% closed about 4.6% lower Monday, while the United States Oil Fund LP USO, -3.04% finished down around 3% and the United States Natural Gas Fund UNG, -10.38% tanked about 10.4%, according to data from FactSet.

Energy ETFs drop as investors weigh Russian oil cap, Fed concerns after fresh economic data

Oil futures fell on Monday, with U.S. prices settling at their lowest price in more than a week. The Institute for Supply Management's reading on U.S. service-sector business conditions rose to 56.5% in November, despite efforts by the Federal Reserve to ease inflation.

U.S. oil futures settle at lowest in more than a week

Oil prices spiked early Monday, paring last week's dip to their lowest level since early January, as markets held their breath about Russia's reaction to the price cap on its oil exports implemented Monday by the U.S., European Union and its allies.

Oil Surges As Russian Oil Price Cap Kicks In—Here's How High Experts Predict It Could Go

“XLE” – the Energy Select Sector SPDR Fund is in the red on Monday after OPEC+ agreed against cutting oil production further that sent oil prices back under $80 a barrel.

OPEC+ agrees against cutting oil production further: sell oil stocks?

On Sunday, OPEC and non-OPEC producers including Russia decided to stick to their existing policy of reducing oil production by 2 million barrels per day, pausing any production moves as a Group of Seven (G7) nations price cap takes effect today, while the European Union (EU) launches a ban on Russian oil imports.

OPEC+ Keeps Production Cuts as EU Bans Russian Oil

The crude oil markets have rallied during the Monday session as we continue to see a lot of noisy behavior overall.

Crude Oil Price Forecast – Crude Oil Markets Rallied to Kick Off the Week

The Organization of the Petroleum Exporting Countries kept output levels unchanged amid a period of uncertainty for the global market.

Oil Prices Advance as OPEC Gauges Russia Price Cap

Oil futures traded higher on Monday, adding to last week's gain, after a European Union ban on importing Russian seaborne crude and a price cap of $60 a barrel took effect Monday, while OPEC kept its production quotas unchanged at a Sunday meeting.

Oil prices climb as E.U. price cap, OPEC decision, and easing of China's Covid restrictions provide support

Energy Select Sector SPDR Fund

Historically, oil and oil stocks tend to move in lock-step. However, a rare divergence has formed over the last couple of months, creating an incredible tactical investment opportunity.

Pair Trade: Buy Oil (USO), Short Oil Stocks (XLE)

Oil Prices Advance as OPEC Decides to Gauge Impact of Russia Price Cap

Both futures have since pared gains, with Brent crude last trading at $86.12 a barrel, and U.S. West Texas Intermediate futures at $80.53 per barrel.

News for United States Oil Fund LP ETF (USO)