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

For the second consecutive month, OPEC slightly cut its forecast for 2024 global crude oil demand in its September Oil Market Report published Tuesday.

OPEC Drops 2024 Crude Oil Demand Forecast For Second Straight Month

OPEC cut its demand growth forecast for the second time in as many months. Softening demand expectations in China are weighing on the oil market.

U.S. crude oil sheds gains, falls more than 1% to trade below $68 per barrel as OPEC cuts forecast

OPEC on Tuesday cut its forecast for global oil demand growth in 2024 reflecting data received so far this year and also trimmed its expectation for next year, marking the producer group's second consecutive downward revision.

OPEC again lowers 2024, 2025 global oil demand growth view

Oil futures fell Tuesday, with concerns about demand from China back in focus after another round of lackluster economic data.

Oil futures give back chunk of Monday bounce after disappointing China data

Oil prices drop as weak Chinese demand offsets U.S. supply disruptions. Traders eye OPEC's report and U.S. forecasts for signs of a market reversal.

Oil News: Crude Prices Fall as Weak Chinese Demand Pressures Market Outlook

Carlyle Group

Concerns about a supply glut in the markets are "completely overplayed," Carlyle's Jeff Currie said at the annual APPEC conference held in Singapore. While China's economy stays sluggish, China's stale demand is overstated, said the chief strategy officer.

Investors are 'dramatically overestimating' an oil glut, Carlyle's Jeff Currie says

Oil and gas prices face pressure as OPEC+ postpones production increases, while China's demand slowdown drives bearish market sentiment.

Natural Gas and Oil Forecast: Will OPEC+ Delays and Gulf Storm Boost Prices?

Oil was steady in early trade on Tuesday as investors weighed supply disruptions from Tropical Storm Francine and the potential for further output cuts against persistently weak Chinese demand.

Oil steady as supply disruptions from Storm Francine offset weak demand

Natural Gas, WTI Oil, Brent Oil Forecasts – Oil Rebounds As Traders Focus On Potential Hurricane In The Gulf Of Mexico

Energy Select Sector SPDR Fund

US oil production is finally showing signs of peaking. Since early 2023, almost all production growth has resulted solely from productivity gains. The rig count, frac spreads, drilled but Uncompleted Well count and Completed Well count are now all. Expect shale to continue to grow marginally in the short-term, but average growth is likely to surprise to the downside from here. Productivity gains will eventually catch up to geology.

US Oil Production Is Slowing, The Ramifications Will Be Significant

The crude oil markets continue to see a lot of noisy behavior, as the markets are trying to determine where we are going to go due to the massive amount of uncertainty in the global economy.

Crude Oil Price Forecast – Crude Oil Continues to Look For a Floor

Goldman Sachs expects OPEC+ to start increasing production in December, and forecasts that Brent will trade in a range of $70 to $85 per barrel.

U.S. crude oil rebounds after worst week since 2023

Oil futures rose Monday, bouncing after last week's rout, as investors tracked a storm that's seen potentially strengthening into a hurricane and threatening the U.S. Gulf Coast later this week.

U.S. oil benchmark bounces off 15-month low on potential hurricane threat

Morgan Stanley on Monday cut its Brent crude oil forecasts for coming quarters and said the global oil market is facing a period of demand weakness similar to those seen during recessions.

Morgan Stanley cuts Brent crude price view as market signals demand softness

Crude oil prices rebound more than 1% after last week's 8% drop, as traders eye key support at $66.66 and Gulf Coast storm threatens U.S. refining capacity.

Oil News: Crude Prices Edge Higher—Hurricane Threatens U.S. Refining Capacity

Natural Gas and Oil Forecast: WTI tests key resistance at $70 amid global demand concerns and weaker labor data. Will oil prices break out or correct further?

Natural Gas and Oil Forecast: WTI Eyes $70 Resistance as Demand Concerns Linger

S&P Global expects the Organization of the Petroleum Exporting Countries and its allies, the group known as OPEC+, to start increasing production for the first time in a couple of years in 2025, an S&P Global executive told a conference on Monday.

S&P Global expects OPEC+ to start oil output increases next year

Oil futures rose more than $1 in early trading on Monday as a potential hurricane system approached the U.S. Gulf Coast, and as markets recovered from a selloff following weaker than expected U.S. jobs data on Friday.

Oil prices rise more than $1 in early trading

China's economic slowdown hits crude oil demand, while OPEC+ raises production—will oil prices drop further this week? Full analysis and forecast.

Oil News: Will Weak Demand from China and U.S. Drag Crude Prices Lower This Week?

Goldman Sachs adjusted its expectations for OPEC+ oil production saying it now expects three months of production increases starting from December instead of October, the bank said in a note on Friday.

Goldman Sachs expects OPEC+ production increases to start in December

Earlier this year, OPEC and its partners announced that it would begin to ease production cuts for members in the fall. However, with oil prices in steep decline, the group just announced a pause in these plans.

Why OPEC's Decisions Impact The U.S.

Oil traders stay focused on economic data from the U.S. and China.

Natural Gas, WTI Oil, Brent Oil Forecasts – Oil Tests New Lows On Demand Concerns

The oil markets continue to look weak at the moment, as this past week has been dreadful. The market will continue to see a lot of volatility, but it is worth noting that the market is a leading economic indicator.

Crude Weekly Price Forecast – Crude Continues to Look Weak

Bank of America Global Research on Friday downgraded its 2025 Brent price forecast by $5 to $75 per barrel, citing weaker demand, particularly from China, and significant inventory builds.

BofA lowers 2025 Brent forecast by $5/bbl on softer demand

In the early hours of Friday, we saw crude oil try to recover from the relentless selling pressure. At this point in time, we could be looking at a signal that things are about to get worse from an economic standpoint.

News for United States Oil Fund LP ETF (USO)