OPEC

The United States Oil Fund (NYSE: USO) plunged 5.3 percent Thursday, bringing its year-to-date decline to 14.3 percent. USO, the most heavily traded oil exchange-traded product in the U.S., is now almost 20 percent below its 52-week high, putting it dangerously close to officially being in a bear...

The 13 nations that make up the Organization of the Petroleum Exporting Countries reached an agreement to extend a 2016 agreement, which calls for an overall reduction in oil output to help support oil prices. Several other non-OPEC countries also took part in the agreement, which was scheduled to...

The price of oil is dictated by many factors, but perhaps the most determining factor is the 13-member nations that make up the Organization of the Petroleum Exporting Countries. However, this may no longer be the case, at least according to Francisco Blanch, head of global commodities research at...

Members of the Organization of the Petroleum Exporting Countries and other oil producers are set to meet this Thursday to discuss extending output cuts. The current cuts, an output reduction of 1.8 million barrels per day for six months, were decided in November and implemented on January 1. The...

Six of the worst performing (non-leveraged) large exchange-traded funds as measured by their performance year-to-date have one thing in common: They are all tied to the price of oil. According to a CNBC "Trading Nation" segment, four of the worst performing ETFs are down by a double digit...

The United States Oil Fund LP (ETF) (NYSE: USO) is up roughly 2 percent this week after Saudi Arabia energy minister Khalid al-Falih and Russia energy minister Alexander Novak said they would be on board with an OPEC plan to extend November’s crude oil production cuts by nine months. Muted...

Investors across the world are going to be paying particularly close attention to OPEC's May 25 meeting for further signs members and non-members will expand an agreement to cut supplies through the bottom half of 2017. But investors should perhaps not stress themselves looking for the latest...

Among emerging markets single-country exchange traded funds, the iShares MSCI Indonesia ETF (NYSE: EIDO) and the VanEck Vectors Indonesia ETF (NYSE: IDX) can get lost in the shuffle, but Indonesian equities are solid performers this year. Taking A Trip To Indonesia EIDO and IDX, the older of the...

The price of oil was under pressure Monday but hovered near the $50 per barrel mark after Libya's largest oil field came back online after a week-long disruption. Oil investors have been debated recently what impact the oilfield would have on the global market but that conversation has now come to...

The Organization for Oil Exporting Countries (OPEC) reached a historic agreement that calls on OPEC members and non-member oil nations alike to lower their collective output to help boost oil prices higher. The problem is the OPEC agreement isn't sufficient to sustain a longer-term recovery in oil...

OPEC, the multi-nation group of some of the world's largest and most powerful oil countries, should be worried that President Trump's America-first and energy friendly policies will prove to be a formidable competitor in the global oil market. But there's another threat to OPEC's...

Oil's slump below $50 per barrel coincided with hedge funds fleeing their long oil bets. According to a Bloomberg report, hedge funds lowered their WTI net-long positions by nearly 3 percent for the week ending March 7. The net-long position, which fell by 11,149 futures and options to 375,558...

It seems as though U.S. oil producers and investors may have gotten a bit ahead of themselves by betting on a quick recovery. Despite OPEC delivering on its pledge to cut production by 1 million bpd, U.S. crude oil stockpiles remain at record levels. Oil investors betting that the OPEC production...

The price of oil fell about 5 percent Wednesday, which marked the commodity's worst performance in more than a year. The decline carried over into Thursday's session as crude oil dipped below the $50 per barrel mark for the first time since December. According to a Bloomberg report, oil...

The energy sector was one of the best-performing groups in the S&P 500 last year, but that trend has reversed this year with energy noticeably lagging as the broader U.S. equity market continues flirting with new highs. The Energy Select Sector SPDR ETF (NYSE: XLE), the largest energy sector...