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United States Oil Fund LP Newsroom
WTI Crude Extends Losses, Bears Dominate
WTI Recovers From Multi-week Low, Climbs Closer to Mid-$67.00s
Oil Holds Weekly Loss as Saudi Price Cuts Signal Weak Outlook
Crude Oil Adds to Losses as OPEC+'s Extended Output Cuts Leave Market Indifferent
Oil Prices End at Their Lowest in 3 Weeks After OPEC+ Fails to Allay Supply Worries
January WTI Crude Oil Contract Closes Down US$1.10; Settles at US$67.20 per Barrel
U.S. Rig Count Shoots Higher After Declining for Three Straight Weeks
Express News | U.S. Baker Hughes Oil Rig Count +5 At 482; U.S. Baker Hughes NatGas Rig Count +2 At 102; U.S. Baker Hughes Total Rig Count 589
Commodities Slip a Bit Into December, but Silver Outshines Gold
Iran Has Stated That "Henceforth" It Intends To Feed Uranium Enriched Up To 20% Rather Than The Current 5% Into The Two Interconnected IR-6 Centrifuge Cascades At Fordow, Enriching To Up To 60% Purity
Sector Update: Energy Stocks Decline Pre-Bell Friday
Exchange-Traded Funds, Equity Futures Mixed Pre-Bell Friday Ahead of Eagerly Awaited Employment Situation Report
OPEC+ Decision Implies No Output Increase Unless Oil Prices Exceed US$70/Barrel, S&P Global Commodity Insights Says
Commodity Roundup: Gold ETFs See Net Loss for First Time in Six Months; ING Ups Brent Forecast
Crude Oil Eases as OPEC+ Delay of Output Hikes Puts Focus on Weak Demand
WTI Struggles Near Weekly Low, Below $68.00 Mark as Traders Await US NFP Report
OPEC+ meeting in a state of suspense, international oil prices oscillating at low levels.
The crude oil market as a whole is showing a range-bound trend. The average price of WTI this week is $68.65 per barrel, a decrease of $0.90 per barrel or -1.31% from the previous week. Factors that have put pressure on oil prices downward during the week include: record-high crude oil production in the USA, increasing crude oil production in Libya, and an expected increase in OPEC's crude oil production in November. On the other hand, OPEC+ is expected to extend production cuts and geopolitical uncertainties are supporting oil prices.
Oil Steadies as OPEC+ Once Again Delays Plan to Restore Output
OPEC+ Production Delay Buys Time but Could Face Similar Dilemma in Three Months
Brent Crude Falls 2.5% Ahead Of OPEC+ Meeting