United States Oil Fund, LP ETF News

OPEC and its allies have yet to begin formal talks on extending 2.2 million barrels per day of voluntary oil output cuts beyond June, but three sources from OPEC+ producers who have reduced production

Oil rebounds from losses, buoyed by U.S. reserve plans amid steady rates and Middle East ceasefire hopes.

British oil giant Shell on Thursday reported stronger-than-expected first-quarter profit, despite a sharp downturn in natural gas prices in Europe.

With USOIL trading above its pivot point at $80, analysts eye potential upward trends against a backdrop of strategic reserve replenishments

Oil prices rose on Thursday on the prospect the U.S. may start buying crude for its petroleum reserve, after prices sank to a seven-week low on hopes for an Israel-Gaza ceasefire, doubts about U.S. in

Crude inventories increased by 7.3 million barrels, compared to analyst consensus of -2.3 million barrels.

Commercial crude oil stockpiles rose by 7.3 million barrels last week, after analysts had predicted a 1.5 million barrel decrease.

A raft of data has demonstrated that inflation is proving stubborn, consumer confidence is falling, and the U.S. economy is growing more slowly than expected.

For most of 2024, commodities have had cleaner uptrends than equities. Investors should use the pullbacks in these three commodities as opportunities into year-end.

Oil futures were down for a third straight day early Wednesday after industry data pointed to an unexpected rise in U.S. crude inventories and investors continued to monitor negotiations for a cease-f

Multiple geopolitical and economic factors are contributing to the bearish sentiment in the oil market.

After 12 years and C$34 billion ($24.7 billion), Canada's Trans Mountain pipeline expansion project (TMX) is set to start shipping oil on Wednesday, a major milestone expected to transform access to g

Amid Middle East ceasefire optimism and a surge in U.S. production, oil prices continue their downward trend, challenging market stability.

Oil prices fell for a third day on Wednesday on rising crude inventories and production in the U.S., the world's biggest oil consumer, along with increasing hopes of a ceasefire agreement in the Middl

Ceasefire talks will have no impact on Israel's decision to fight against Hamas in Rafah.