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United States Oil Fund LP Newsroom
Biden has banned new offshore oil drilling along the Atlantic and Pacific coasts of the USA, and it will be difficult for Trump to reverse this decision.
① Biden has permanently prohibited oil companies from obtaining new Oil & Gas drilling leases in approximately 0.625 billion acres of offshore waters; ② The US Energy industry has expressed dissatisfaction and called on Trump to use all tools to overturn this policy; ③ Due to legal restrictions, Trump finds it difficult to simply reverse Biden's decision, while some Republican politicians in coastal states also support this policy.
WTI Declines to Near $73.00 Despite Higher Energy Demand, UAE's Supply Cuts
Preparing for "Trump 2.0"? Hedge funds are increasing their Call on oil prices.
Bull positions in Crude Oil have increased by 41% over the past three weeks, with net long positions reaching the highest level since August of last year. For traders more focused on fundamentals, Trump's tough stance on Iran has made them reluctant to short; Trump's potential tariff policies raise inflation concerns, which has also prompted traders to hedge risks by going long on oil.
Saudis Hike Selling Prices to Asia, Showing Tightening Physical Crude Market
El Petróleo Crudo Retrocede Tras Alcanzar Máximos De Casi Tres Meses
Update: WTI Crude Oil Closes With the First Loss in Six Sessions
WTI Crude Oil Closes Down US$0.40; Settles at US$73.56 per Barrel
ETF Flows in 2024: Six Out of 11 Sectors Record Outflows; Bitcoin Sees Highest Inflows
Top Dividend Yielding Energy Stocks to Watch as Oil Approaches a 3-month High
Sector Update: Energy Stocks Rise Premarket Monday
Oil Extends Strong Start to 2025 on Signs of Strong Demand for Mideast Crude
National Bank of Canada Examines AECO Natural Gas Market Potential in 2025
Crude Oil Prices Edge Lower on Strong U.S. Dollar as Market Awaits U.S. Economic Data
WTI Hovers Near $73.50, Upside Seems Possible Due to a Potential Increase in Oil Demand
Oil Prices Steady Near Two-Month High Amid Market Optimism
WTI Crude Gains Fifth Straight Day, Breaking Above December High
These ETF Strategies Were Big Winners Last Year. What to Expect in 2025.
Oil prices have risen for five consecutive times, Energy stocks lead the rise in U.S. stocks. What is the market anticipating?
The rise in oil prices is mainly due to the market's expectation of the Trump administration's upcoming sanctions against Iran, Venezuela, and Russia, which will lead to a reduction in Global Crude Oil Product supply, causing Energy Stocks to strengthen and become the stocks with the largest increase this week.
Goldman Sachs: It is expected that Iran's oil supply will decline before Q2, with Brent crude oil projected to reach $78 in June.
Goldman Sachs predicts that Iran's Crude Oil Product production will slightly decrease on Friday.
Oil Opens New Year With Strong Gains on Optimism Over Economic Rebound in China