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United States Oil Fund LP Newsroom
IEA Monthly Report: Even if OPEC+ delays production increases, there will still be an oversupply of oil next year!
The IEA stated that if OPEC+ implements the production recovery plan starting in April, the Global market will face a surplus of 1.4 million barrels per day. The IEA has raised the forecast for global oil demand growth in 2025 by 90,000 barrels to 1.1 million barrels, mainly due to the economic stimulus measures recently announced by China.
Oil Brief: NY Crude Down 0.2% at About US$70.10
OECD Production of Crude Oil, Natural Gas Liquids and Refinery Feedstocks Rose Slightly YoY in September, IEA Reports
Commodity Roundup: Commerzbank 2025 Copper View; ING Sees Energy Markets Under Pressure
U.S. Crude Oil Stocks Declined by 1.4 Million Barrels in Week Ended Dec. 6, EIA Reports
Crude Oil Price Gains Capped by Weak Demand Outlook, U.S. Inventory Report
The largest Crude Oil Product supply agreement between India and Russia is coming! It is reported that Reliance will purchase 0.5 million barrels of Russian oil daily.
① The Russian state-owned oil company Rosneft is reportedly set to supply nearly 0.5 million barrels of Crude Oil Product per day to India's Reliance Industries; ② This agreement will last for 10 years, with an annual supply accounting for 0.5% of the Global market, valued at 13 billion dollars based on current oil prices. ③ This will be the largest Energy cooperation agreement in the history of India and Russia.
WTI Edges Higher to Near $70.00 on China Stimulus, New EU Sanctions Against Russia
Oil Settles Up US$1 As EU Agrees Further Sanctions
Crude Oil Rises on Wednesday, WTI Taps $70 per Barrel
Overnight U.S. stocks | The Nasdaq broke 0.02 million points, setting a historical high, and Musk became the first person in the world with a net worth exceeding 400 billion.
As of the close, the Dow Jones Industrial Average fell 99.27 points, a decrease of 0.22%, closing at 44,148.56 points; the Nasdaq rose 347.65 points, an increase of 1.77%, closing at 20,034.89 points; the S&P 500 Index rose 49.28 points, an increase of 0.82%, closing at 6,084.19 points.
International oil prices rose on Wednesday as the EU agreed to implement a new round of sanctions against Russia.
In the early morning of the 12th Beijing time, international Crude Oil Product prices rose on Wednesday. The EU agreed to a new round of sanctions threatening Russian oil exports, which boosted oil prices. However, last week's increase in USA fuel inventories exceeded expectations, limiting the increase.
Update: WTI Rises on China Demand Hopes, As U.S. Inventories Fall and OPEC Trims Its Demand-Growth Forecast
January WTI Crude Oil Contract Closes Up US$1.70; Settles at US$70.29 per Barrel
Weekly Crude Inventories Fall More Than Expected; Oil Prices Rise Despite OPEC Cutting Demand Outlook
Express News | Oil Is Trading Higher Following a Larger-than-expected Draw in US Crude Oil Inventories. Middle East Uncertainty and China Policy May Also Be Helping Lift Oil Prices
Oil Extends Gains After U.S. Crude Stocks Draw -- Market Talk
US Total Crude Oil Stocks Decline in Week Ended Dec. 6
Express News | EIA Weekly Distillates Stocks 3.235M Barrel Build Vs 0.900M Barrel Build Est.; 3.383M Barrel Build Prior
Crude Inventory Fell 1.4M Barrels for Week Ended Dec 6 - EIA