GUSH: More Than Double The Pain

02:55am, Monday, 03'rd Jul 2023
The Direxion Daily S&P Oil & Gas Exp. & Prod. Bull 2X Shares ETF is a leveraged ETF that aims to seek 2x the daily performance of the S&P Oil & Gas Exploration & Production Select Industry Index. GUSH
Investors await OPEC conference for oil cues as US rig decline hints at production slowdown; OPEC decisions and US output to shape market dynamics.
Oil prices slipped in early Asian trade on Monday as global macroeconomic headwinds and possible further interest rate hikes from the U.S. Federal Reserves offset forecasts of tighter supplies amid OP
The oil market has flashed a warning to Saudi Arabia: The world economy is weakening, and the kingdom's efforts to boost prices have run into a wall of excess supply.

Are oil bears missing supply risks ahead?

08:00pm, Friday, 30'th Jun 2023
Geopolitical pressures loom over oil supply and pricing heading into the second half of 2023. Claudio Galimberti, Rystad Energy SVP and Head of Americas Research, joins Yahoo Finance Live to examine c
Oil futures settled higher on Friday, posting a gain for the month but a loss for the quarter. Crude prices have found support from the OPEC+ deal and voluntary production cuts made by several members
Oil markets are moving higher as demand for riskier assets grows.
Crude oil markets initially plunged during the course of the week, only to turn around and show signs of life again. Ultimately, it looks as if we are trying to find some type of bottom for a bigger m
Crude oil markets have rallied on Friday again, showing signs of strength in what has been a tight consolidation region.

Growth risks to restrain oil prices this year

07:08am, Friday, 30'th Jun 2023
Oil prices will struggle for traction this year as global economic headwinds stymie gains that could be fuelled by a rebound in China and OPEC+ cuts, a Reuters poll showed on Friday.
WTI, Brent crude oil prices show strength despite headwinds from rising interest rates, as supply drawdown and OPEC+ cuts drive gains.
Oil and gas will remain leading sources of energy for decades to come on the back of a lagging energy transition, said key industry players at Energy Asia.
Brent crude oil prices were little changed in early trading on Friday, but were set to notch their first monthly gain this year as a steep drawdown in oil stocks and OPEC+ plans to cut output outweigh
Oil futures settled higher on Thursday, contributing to the commodity's month-to-date gain. Oil stabilized at support near the 2023 lows following Wednesday's weekly Energy Information Administration
Oil markets continue to rebound from recent lows as traders shrug off recession worries.
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