Invesco DB Oil Fund ETF News

Analysts have lowered their 2024 oil price forecast for the first time since February, reflecting lower risks to supply from ongoing wars in the Middle East and Ukraine, a Reuters poll showed on Frida

Saudi Arabia said Friday it will sell a second sliver of stock in its state oil giant Aramco worth billions of dollars, its first tranche since its initial public offering back in 2019.

The oil-producing Organization of the Petroleum Exporting Countries and its allies could extend existing output cuts this week, delegates and analysts tell CNBC, even as focus shifts from Middle East

Oil prices fell early on Friday as investors responded to comments from U.S. Fed officials who said it was too soon to start considering rate cuts, and following a surprise build in U.S. gasoline stoc

Canada has agreed to assess whether naphthenic acids found in northern Alberta's oil sands tailings ponds should be classed as toxic under federal law, a move that could pave the way for stricter regu

WASHINGTON (AP) — Senate Majority Leader Chuck Schumer and 22 other Democratic senators are calling on the Department of Justice to “use every tool” at its disposal to prevent and prosecute alle

OPEC+ is working on a complex deal to be agreed at its meeting on Sunday that will allow the group to extend some of its deep oil production cuts into 2025, three sources familiar with OPEC+ discussio

Exxon Mobil was replaced by Salesforce as Dow component in August 2020, a shakeup seen a sign of the energy sector's weakness and tech's strength. But the oil major's stock has gained nearly 170% sinc

Oil stocks fell by 4.2 million barrels — a greater decline than was expected.

Gasoline inventories increased by 2.0 million barrels, exceeding analyst estimates.

U.S. crude stocks fell while gasoline and distillate inventories rose in the week ending May 24, the Energy Information Administration said on Thursday.

OPEC+ members that are making 2.2 million barrels per day of voluntary oil output cuts are discussing extending them until the end of the year, three OPEC+ sources said ahead of the group's meeting on

U.S. Senate Majority Leader Chuck Schumer and 22 other Democratic Senators on Thursday asked the Attorney General to investigate allegations of collusion and price fixing between the oil industry and

U.S. crude oil is down 3.2% in May, its worst performance since December. Oil prices have traded in a tight range over the past month as inventories have stabilized, though soft economic data points t

Israel plans to allow more oil tankers to dock at a Red Sea port in Eilat despite environmental risks, as it strives to maintain energy security amid conflict on multiple fronts, according to Israeli