Invesco DB Oil Fund ETF News

The IEA forecasts a bearish long-term outlook for crude oil with peaking demand, significant supply surplus, and a shift to renewable energy sources.

Oil prices have rallied this morning despite the International Energy Agency's warning that the world will face a "major surplus" of the commodity by the end of the 2020s. Slowing demand caused by the

In its latest medium-term market report, titled Oil 2024, the IEA said oil demand growth was on track to slow down before reaching its peak near 106 million barrels per day by 2030. At the same time,

U.S. oil inventories dropped by 2.4 million barrels, boosting oil prices over 0.25%. Could this signal further gains ahead?

Oil prices ticked higher on Wednesday on upbeat global demand views from the U.S. Energy Information Administration and OPEC.

Crude oil surged above key resistance levels, reaching a new high of 78.52, and may continue its bullish trend towards the 200-Day MA at 79.96.

OPEC maintained its global oil demand growth forecast for 2024.

The discussion revolves around the confusion regarding OPEC's recent announcements.

OPEC has stuck to its robust oil demand forecasts for 2024 and 2025 as the cartel sees steady global economic growth ahead. Crude oil rallied more than 2% Monday and has now recovered most of the loss

Brent crude oil is holding steady at 81.50 USD per barrel on Tuesday, following a significant surge of over 2.5% the previous day. The price increase was driven by optimistic market expectations about

OPEC on Tuesday stuck to its forecast for relatively strong growth in global oil demand in 2024, despite lower than expected use in the first quarter, saying travel and tourism would support consumpti

The 200-day moving average is a crucial indicator; a decisive break above it could shift crude oil from a bearish to a bullish outlook.

Oil dips to $77.69 as investors anticipate U.S. inflation data and the impact of Saudi crude export reductions.

Oil prices rose on Tuesday, extending the previous day's rally on hopes of higher seasonal fuel demand and potential U.S. crude purchases for its petroleum reserve, though gains were capped by a firme