Occidental Petroleum

Antero Resources

Expand Energy Corp. - Ordinary Shares - New

APA Corporation

Diamondback Energy

Range Resources

Exxon Mobil

Coterra Energy

Texas Pacific Land Trust

SPDR S&P Oil & Gas Exploration & Production ETF

XOP tracks an equal-weighted index of companies in the US oil & gas exploration & production space.

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

United States Oil Fund LP

Oil markets jumped as OPEC+ decided to cut production but traders used the rally as an opportunity to take some profits off the table.

Natural Gas, WTI Oil, Brent Oil – Oil Pulls Back From Session Highs Amid Profit-Taking

U.S. crude oil exports, already running close to a record level hit in March, should get a further boost next month from deep production cuts in Saudi Arabia, analysts said on Monday, noting that this will also further deplete U.S. crude inventories, which have been hovering near historic lows.

US crude oil exports to gain tail winds from Saudi July output cut

Saudi Arabia's unilateral crude production cut may have excited "permabulls" but oil benchmarks haven't even capped their 50-day moving average on demand concerns.

Kneejerk Oil Price Rise Fails To Cap 50-Day Moving Average Despite Saudi Action

The outcome of a meeting this past weekend of major oil producers was somewhat surprising, but they may have expected to see a stronger climb in prices in the wake of Saudi Arabia's decision to voluntarily cut another 1 million barrels a day from its production level.

Saudi Arabia's planned oil cut could lead to ‘cracks' within OPEC+ — but not a spike in gasoline prices

The 10% reduction in output suggests Riyadh is willing to sacrifice market share to prop up prices.

Saudi Output Cut to Boost Oil Prices Could Be Costly

Goldman Sachs Physical Gold ETF

Invesco DB Gold Fund

DB Gold Double Long ETN

SPDR Gold Trust

SPDR Gold MiniShares Trust

iShares Gold Trust

iShares Gold Strategy ETF

VanEck Merk Gold Trust

ProShares Ultra Gold

(Kitco News) - Gold prices are modestly up and silver a bit weaker in midday U.S. trading Monday.

Gold gains as USDX slips, crude oil rallies

Consultancy Rystad Energy said the additional Saudi cut is likely to deepen the market deficit to more than 3 million barrels per day in July, which could push prices higher in the coming weeks.

Oil prices rise on fears of Saudi Arabia's biggest output cut in years

Oil futures rose after Saudi Arabia announced it would reduce crude output by an additional 1 million barrels per day beginning in July.

Oil Futures Gain as Saudi Arabia Signals More Output Cuts

Few traders feel the confidence to get bullish on oil as a commodity, and stock investors don't fully trust the data. Estimates from OPEC and the U.S. are viewed skeptically for good reason.

A Trust Problem Is Holding Down Oil Prices—and Stocks

Oil prices are in focus this morning after Saudi Arabia said it will lower production further from next month. Analyst reacts to the production cut Kingdom was the only constituent of OPEC+ that announced plans of cutting production by another one million barrels a day over the weekend.

Saudi Arabia to further cut oil production: ‘new norm will be $80 to $90'

In a surprising move, Saudi Arabia pledged to reduce its oil output by 1 million barrels per day for July at the June 4 OPEC meeting. This adjustment, which may continue monthly, places Saudi oil production at its lowest point in a decade, excluding the pandemic-induced slump.

OPEC Meeting: Is Saudi Arabia Trying to Squeeze the Oil Market?

Riyadh knows that it cannot rely solely on a fluctuating oil market for income. Along with its efforts to raise oil prices, it is also trying to bring in investment from abroad.

Saudi Arabia needs more than higher oil prices to fund its grand plans

Saudi Arabia will make a deep cut to its output in July in addition to a broader OPEC+ deal to limit supply to the end of 2024 as the group faces flagging oil prices.

Explainer: How OPEC+ deal cuts oil supply until end of 2024

Crude oil markets gapped higher to kick off the week after OPEC extends production cuts, and doubles down on trying to push prices higher.

Crude Oil Price Forecast – Crude Oil Markets Gap Higher

The Organization of the Petroleum Exporting Countries and allies including Russia, a group known as OPEC+ which pumps around 40% of the world's crude, agreed on a new oil output deal on Sunday.

Explainer: Why is OPEC+ cutting oil output?

Price gained more than 2% on Monday morning to touch one-month high of $78.73

Brent crude price rises after Saudi Arabia agrees to cut oil output

The Saudi government's decision to cut production further is an effort to help shore up the flagging price of crude oil, which has struggled to breach $80 per barrel in the past month.

Crude Oil Prices Rise 2.5% After Saudi Arabia Says It's Cutting 1 Million Barrels A Day

Cartel members meeting in Vienna clashed over slowing global energy demand. Brent crude and West Texas Intermediate were both rising.

Oil Jumps After Saudi Pledges Production Cut at Tense OPEC+ Summit

Saudi Arabia's additional production cut of 1 million barrels per day aims to counteract macroeconomic challenges in the crude oil market.

Oil Price Forecast: Tighter Supply Expected as Saudi Arabia Slashes Output

Oil futures opened sharply higher Sunday evening, after Saudi Arabia agreed to deliver an additional 1 million barrel-a-day production cut next month as the Organization of the Petroleum Exporting Countries and its allies moved to extend existing production targets.

Oil prices jump more than 2% after Saudi Arabia sets July production cut

Oil prices jumped following OPEC kingpin Saudi Arabia's decision to cut production by another million barrels per day.

Oil prices pop 2.5% after Saudi Arabia pledges more voluntary production cuts

Oil prices jumped more than $2 a barrel in early Asian trade on Monday, hours after the world's top exporter Saudi Arabia pledged to cut production by another 1 million barrels per day from July.

Oil prices jump more than $2/bbl after Saudi pledges to cut more output

Riyadh will cut 1 million barrels per day of production from the world's oil supply stream in July, following the conclusion of the latest OPEC+ meeting.

OPEC+ Delivers A “Saudi Lollipop” For Oil Traders

Saudi Arabia said it would slash oil output by another one million barrels per day for at least a month starting in July as part of an effort by the OPEC+ group of leading producers to shore up crude prices.

Saudi Arabia to slash oil production again as OPEC+ extends supply curbs

Saudi Arabia will voluntarily cut production by 1 million barrels a day in July, alongside an agreement by the Organization of the Petroleum Exporting Countries and its allies to stick to production targets on Sunday.

News for SPDR S&P Oil & Gas Exploration & Production ETF ETF (XOP)