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Oil ETFs Climb as U S Crude Exports Hit Record Highs

Oil-related exchange traded funds strengthened Wednesday as inventory levels dipped with U.S. exports hitting an all-time high in response to the widening gap between domestic and international crude benchmarks.

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Energy ETFs Are Gaining Momentum

Energy sector-related exchange traded funds are strengthening as traders turn more bullish and oil prices push higher on a weakening U.S. dollar.

United statesGiovanni staunovoIhor dusaniwskyJeffrey halleyWarren pattersonUnited states oil fund nysearcaFederal reserveOil gas equipment services etf nysearcaInvesco sp smallcap energyUnited states brent oil fund nysearcaEnergy select sector spdr nysearcaGas equipmentEnergy select sectorUnited states oil fundWest texas intermediateUnited states brent oil fund

Fears of Waning Demand in a Recession Weigh on Oil ETFs

Oil-related exchange traded funds plunged on Tuesday, with crude prices dipping below $100 per barrel.

United statesJeffrey currieBart melekUnited states oil fund nysearcaUnited states brent oil fund nysearcaGoldman sachsUnited states oil fundWest texas intermediateUnited states brent oil fundXchange traded fundsStock marketCommodity etfsUrrent affairs

Oil ETFs Dip as China Reinstates Lockdowns

Crude oil-related exchange traded funds slipped Thursday as Shanghai enacted new COVID-19 lockdown measures, fueling concerns over China's demand outlook.

United arab emiratesUnited statesAndrew lipowDennis kisslerUnited states oil fund nysearcaUnited states brent oil fund nysearcaLipow oil associatesUnited states oil fundWest texas intermediateUnited states brent oil fundXchange traded fundsStock marketConcierge technologies

Oil ETFs Gain Despite OPEC+ Promises of Higher Supplies

Oil-related exchange traded funds strengthened Thursday, brushing off the Organization of Petroleum Exporting Countries' pledge to raise output, as U.S. crude inventories continued to diminish.

United statesJeff currieTom petrieUnited states oil fund nysearcaGoldman sachs group incBloomberg televisionOrganization of petroleum exporting countrieEnergy information administrationUnited states brent oil fund nysearcaEuropean unionPetroleum exporting countrieUnited states oil fundWest texas intermediateUnited states brent oil fundNew york areaPetrie partners

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