United States Oil Fund, LP ETF News

A significant 3.1M barrel drop in U.S. oil inventories has lifted WTI prices to $78.49, reflecting tightening supply.

Oil prices rose in early trade on Wednesday as large wildfires were threatening Canada's oil sands and as the market expected U.S. crude oil and gasoline inventories to show a drawdown later in the da

People in four suburbs of the Canadian oil sands city of Fort McMurray in Alberta were ordered to evacuate on Tuesday due to an approaching wildfire, the local authority said.

Oil traders are worried that interest rates will stay at high levels for a long time.

Futures are little changed ahead of the April PPI report. Alan Knuckman discusses this, as well as how crude oil continues to trade below $80.

The crude oil market continues to see a lot of noise overall, as the market continues to try and find its footing. There are a few technical levels and indicators that are coming into the picture at t

Jeff Currie, chief strategy officer at Carlyle Group, says copper is the new oil. He's also bullish on oil and shares his thoughts on gold demand "Bloomberg Surveillance.

Oil futures were little changed Tuesday morning after the Organization of the Petroleum Exporting Countries left its monthly forecasts largely unchanged and traders awaited U.S. inflation data.

OPEC stuck to its forecast for relatively strong growth in global oil demand in 2024 on Tuesday and said there was a chance the world economy could do better than expected this year.

The crude oil market outlook is cautiously optimistic with expected OPEC+ cuts and possible US monetary policy easing boosting demand.

Oil prices rise as China's economic recovery sparks demand hopes, while Alberta wildfires threaten supply. Natural gas remains bearish below $2.39.

Indonesia launched its first oil and gas auction this year offering five blocks on Tuesday, while the government pledged to boost exploration in an effort to reverse output declines in a country that

Oil prices rose on Tuesday as the supply-demand balance looked set to tighten on operational disruptions, stronger demand and voluntary output cuts.

Last week was fairly active within the ETF industry. The period ending May 10 saw the launch of 11 new ETFs, including funds from Global X, WisdomTree and TCW.

China wants to raise 1 trillion yuan ($138 billion) to boost its economy, which is bullish for oil markets.