Oil prices have staged a rally lately. But uncertainty about the OPEC+ deal, chances of higher output and the resurgence of the delta variant of Covid have made the space a winner.
Oil prices have staged a rally lately due to the failure of an OPEC+ deal.
Oil prices are soaring this year as global economies are recovering from the pandemic-led slump.
Oil prices are soaring this year as global economies are recovering from the pandemic-led slump.
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Andy Hecht looks at the oil supply situation. OPEC is expected to taper its production cuts, while US production is expected to remain weak. This means that higher oil prices are likely in the future....
The continuation of the OPEC output cut and global economic improvement due to falling COVID-19 rates led to the oil price rally this year. Can oil service ETFs cash in on this trend in the upcoming earnings?...
A huge cargo ship Ever Given has been stuck in Suez canal, causing disruptions to global supply chain and pushing shipping rates higher.
The Dow Jones hit a record high on Mar 13. Uptick in industrial activities, compelling valuation, falling dependence on Boeing and the current oil rally should add some more gains to the Dow Jones ETFs...
Growing vaccine distribution, hopes of hefty stimulus under the Biden presidency and OPEC+'s decision to continue production curbs should push oil prices higher ahead.
Winter storm and arctic blast of cold weather in Texas had some severe impacts on the oil industry.
Oil prices are surging on declining crude production in the United States and Fed's continued dovish stance.
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A severe cold snap wrecked havoc in the central and southern parts of the United States that has paralyzed many corners of the economy, which has just started to recover from the pandemic crisis.
Oil prices have staged a rally lately as cold weather shut U.S. oil wells, benefiting energy ETFs. Can the rally last?
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Oil prices are surging as hopes are high on President-elect Joe Biden's efforts to restore growth and energy demand in the United States.
Super-easy monetary policy, soft U.S. dollar, fiscal stimulus and vaccine rollout will likely boost commodities ETFs in 2021.
Democrats taking control of both House and Senate and the OPEC output cut deal coming in favorable for markets, these ETFs should stay strong in January.
Oil prices jumped on Tuesday as tensions flared up following Iran's seizure of a South Korean vessel and Saudi gearing up to cut output in February.
