VANECK VECTORS OIL SERVICES ETF News

Profit margins for diesel are slumping as new refineries boost supplies and as mild weather in the northern hemisphere and slow economic activity eat into demand, putting oil prices under further down

Oil futures rose Thursday morning, building on a gain seen the previous session after government data showed an unexpected drop in U.S. crude inventories last week.

The immediate outlook for the crude oil market is bullish, as traders anticipate demand trends to drive prices higher in the near term.

As energy prices notch a modest increase over 0.25%, analysts speculate on the potential for further gains amid fluctuating market conditions.

Oil prices rose in early trade on Thursday as shrinking U.S. crude inventories signalled tighter supply, and amid rising hopes that the Federal Reserve would cut interest rates by the end of the year.

Goldman Sachs on Wednesday said they no longer expect OPEC+ to announce a partial unwind of voluntary production cuts in June.

Russia cut its crude oil production by less than pledged last month, exceeding a target agreed on in March with the Organization of Petroleum Exporting Countries (OPEC), Bloomberg news reported, citin

Oil prices moved away from multi-week lows.

The oil market was a victim of its own success, notes Carley Garner. She and Robert Yawger discuss crude oil (/CL).

Ceasefire negotiations between Israel and Hamas are continuing in Qatar, brokered by CIA Director William Burns.

Oil prices have fallen 8% since April highs, but Morgan Stanley sees a tighter market heading into summer driving season.

Oil futures were lower Wednesday morning, losing ground after industry data showed a rise in U.S. crude and product inventories, underlining concerns around the outlook for domestic demand.

The outlook for the oil market in the short term appears bearish, influenced by high inventory levels and downward adjustments in demand projections.

TC Energy's planned oil pipeline spin-off is a bet that it can supply more Canadian crude to U.S. Gulf of Mexico refiners, but the venture faces stiff competition and will carry high debt when it star

A look at the day ahead in U.S. and global markets from Mike Dolan