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Longer-term outlook for oil has brightened, says Rapidan's McNally

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Sentiment: Positive ()

CNBC's "Power Lunch" team discusses oil markets and geopolitics amid unrest in Iran with Bob McNally of Rapidan Energy Group.

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image for news Longer-term outlook for oil has brightened, says Rapidan's McNally
Oil Futures Open Year Lower on Oversupply Concerns

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Sentiment: Negative ()

Oil futures were lower to start the year with concerns about oversupply partially contained by geopolitical risks.

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image for news Oil Futures Open Year Lower on Oversupply Concerns
Crude Oil Price Outlook – Crude Oil Continues to Look Soft

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Sentiment: Negative ()

Crude oil continues to show its weakness on Friday as the ceiling remains.

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image for news Crude Oil Price Outlook – Crude Oil Continues to Look Soft
Natural Gas and Oil Forecast: Bearish EIA Data vs OPEC+ Support Keeps Prices Rangebound

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Sentiment: Negative ()

Bearish EIA data pressures oil and gas prices, but OPEC+ supply restraint and strong China demand keep natural gas and oil prices trading sideways.

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image for news Natural Gas and Oil Forecast: Bearish EIA Data vs OPEC+ Support Keeps Prices Rangebound
U.S. Crude Oil Inventories Decline Amid Lower Imports

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Sentiment: Positive ()

U.S. crude oil inventories fell last week as imports dropped and refineries ran at a slightly faster pace.

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image for news U.S. Crude Oil Inventories Decline Amid Lower Imports
Crude Oil Price Outlook – Crude Oil Continues to Drift Higher

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Sentiment: Positive ()

The light sweet crude oil market continues to drift a little bit higher on New Year's Eve, but let's be honest here, this is a market that is still pretty …

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image for news Crude Oil Price Outlook – Crude Oil Continues to Drift Higher
KPMG's Mayor Expects Oil Glut to Continue

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Sentiment: Negative ()

KPMG's Regina Mayor expects the global oil glut to continue in 2026. She sees a structural oversupply in the global market.

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image for news KPMG's Mayor Expects Oil Glut to Continue
Why silver's surge relative to oil should be a warning sign for investors

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Sentiment: Negative ()

The price relationship between silver and oil has entered uncharted territory after the precious metal's massive surge, says DataTrek Research.

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image for news Why silver's surge relative to oil should be a warning sign for investors
Oil News: Futures Edge Higher as Middle East Tensions Override Inventory Concerns

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Sentiment: Neutral ()

Crude oil futures edge higher as geopolitical tensions offset bearish supply outlook. Key 50-day MA at $58.76 holds cards for direction.

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image for news Oil News: Futures Edge Higher as Middle East Tensions Override Inventory Concerns
Oil News: Geopolitics Lift Crude Oil Futures as Traders Reassess the Oil Outlook

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Sentiment: Positive ()

Crude oil futures rebound as buyers defend key support, with geopolitics and expected EIA inventory draws shaping the near-term oil outlook.

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image for news Oil News: Geopolitics Lift Crude Oil Futures as Traders Reassess the Oil Outlook
Gas Price Drops Below $2.10 in Bright Spot for US Economy

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Sentiment: Positive ()

One of the items in the consumer price index that has regularly fallen for almost two years is the price of fuel, particularly gasoline.

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image for news Gas Price Drops Below $2.10 in Bright Spot for US Economy
Oil Price Forecast – Technical Breakdown Set Stage for a Move Toward $50 in 2026

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Sentiment: Negative ()

Oil prices dropped sharply in 2025 and traded near the $55 support zone, where oversupply, peaking U.S. production, soft demand, and bearish technical patterns suggest further downside into 2026.

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image for news Oil Price Forecast – Technical Breakdown Set Stage for a Move Toward $50 in 2026
Crude Oil Outlook – Crude Continues to See Sellers Above

Published: by:
Sentiment: Negative ()

The downtrend line and the 50-day EMA are both causing a bit of a barrier, and now that we have shown signs of exhaustion, I'm fine with shorting this.

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image for news Crude Oil Outlook – Crude Continues to See Sellers Above
Oil News: WTI Futures Eye Breakout as 50-Day Average Shapes Oil Outlook

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Sentiment: Neutral ()

WTI crude oil tests the 50-day average as futures traders weigh real buying, Oil Demand signals, and resistance levels in a cautious Oil Outlook.

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image for news Oil News: WTI Futures Eye Breakout as 50-Day Average Shapes Oil Outlook
Natural Gas and Oil Forecast: Christmas Shutdown Masks Growing Energy Market Risks

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Sentiment: Negative ()

Natural gas and oil prices stall during the Christmas shutdown as geopolitical risks, falling US rigs, and key resistance levels shape the near-term outlook.

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image for news Natural Gas and Oil Forecast: Christmas Shutdown Masks Growing Energy Market Risks
Oil and Natural Gas Technical Analysis: Holiday Liquidity and Geopolitical Risks Lift Energy Prices

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Sentiment: Negative ()

WTI oil rebounded from $55 on holiday-thinned liquidity and geopolitical risks, while natural gas held a bullish structure above $2.60 amid a weakening U.S. Dollar Index.

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image for news Oil and Natural Gas Technical Analysis: Holiday Liquidity and Geopolitical Risks Lift Energy Prices
Oil giant BP to sell 65% stake in $10 billion Castrol unit

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Sentiment: Neutral ()

BP has agreed to sell a 65% shareholding in lubricants business Castrol. The deal comes as the company looks to divest of $20 billion of assets by the end of …

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image for news Oil giant BP to sell 65% stake in $10 billion Castrol unit
Natural Gas and Oil Forecast: Rally Extends, but Descending Trendlines Cap Upside Potential

Published: by:
Sentiment: Positive ()

Oil and gas prices rebound 6% from five-year lows as geopolitical tensions add a risk premium, while technical resistance and surplus forecasts cap longer-term upside.

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image for news Natural Gas and Oil Forecast: Rally Extends, but Descending Trendlines Cap Upside Potential
Oil Slips; Prices Likely to Remain Volatile

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Sentiment: Neutral ()

Oil slipped in early Asian trade. Prices were likely to remain volatile, with moves dominated by geopolitical developments, Kudotrade said.

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image for news Oil Slips; Prices Likely to Remain Volatile
Oil Futures Slip With Venezuela, Russia-Ukraine in Focus

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Sentiment: Neutral ()

Oil futures edged lower after making big gains yesterday on the U.S.'s tightening of the blockade of tankers entering or leaving Venezuela.

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image for news Oil Futures Slip With Venezuela, Russia-Ukraine in Focus
Oil ETFs Rally Amid Intensifying U.S.-Venezuela Tension

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Sentiment: Positive ()

Oil ETFs are rallying as U.S.-Venezuela maritime clashes lift crude prices, adding a geopolitical risk premium.

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image for news Oil ETFs Rally Amid Intensifying U.S.-Venezuela Tension
Trump's Venezuela ‘Armada' Is Lifting Oil Prices. How Investors Can Play the Chaos.

Published: by:
Sentiment: Positive ()

Venezuela's supply shock could be sharp, but fleeting. Here is why the real opportunity lies in the infrastructure fixers—and a single U.S. oil giant.

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image for news Trump's Venezuela ‘Armada' Is Lifting Oil Prices. How Investors Can Play the Chaos.
Oil market prices show just how much supply is out there, says Sankey Research's Paul Sankey

Published: by:
Sentiment: Neutral ()

Paul Sankey, Sankey Research president, joins 'Power Lunch' to discuss the tensions between the U.S. and Venezuela and the impact to energy markets.

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image for news Oil market prices show just how much supply is out there, says Sankey Research's Paul Sankey
2026 Energy Sector Outlook: Brace For Growing Oil Oversupply

Published: by:
Sentiment: Negative ()

Energy Select Sector SPDR Fund (XLE) is rated 'Sell' for 2026 due to anticipated sector underperformance. XLE's heavy upstream exposure ties its performance closely to crude oil prices, which face …

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image for news 2026 Energy Sector Outlook: Brace For Growing Oil Oversupply
Crude Oil Price Outlook – Oil Continues to Recover on Monday

Published: by:
Sentiment: Neutral ()

Keep in mind that this is a very negative market, and there are a lot of things out there working against crude oil.

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image for news Crude Oil Price Outlook – Oil Continues to Recover on Monday
Oil Prices Leap as U.S. Pursues Third Tanker Near Venezuela

Published: by:
Sentiment: Negative ()

The U.S. is intensifying its blockade of Venezuelan crude exports.

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image for news Oil Prices Leap as U.S. Pursues Third Tanker Near Venezuela
Natural Gas and Oil Forecast: Geopolitical Risk Shifts Energy Bias Back Higher

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Sentiment: Positive ()

Geopolitical tensions lift natural gas and oil prices as false breakdowns fade, improving momentum and shifting the energy outlook cautiously back to the upside.

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image for news Natural Gas and Oil Forecast: Geopolitical Risk Shifts Energy Bias Back Higher
Oil prices gain on US interception of Venezuelan oil tanker over weekend

Published: by:
Sentiment: Positive ()

Oil prices climbed in early trade on Monday after the U.S. intercepted a Venezuelan oil tanker over the weekend.

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image for news Oil prices gain on US interception of Venezuelan oil tanker over weekend
Oil Rises Amid Growing U.S.-Venezuela Tensions

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Sentiment: Positive ()

Oil rose in the early Asian session amid growing U.S.-Venezuela tensions that may lead to supply disruptions.

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image for news Oil Rises Amid Growing U.S.-Venezuela Tensions
U.S. Coast Guard Chasing Another Tanker Involved in Shipping Venezuela Oil

Published: by:
Sentiment: Negative ()

The operation comes after the boarding of two other ships this month as the administration carries out Trump's order to blockade Venezuela's oil shipments

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image for news U.S. Coast Guard Chasing Another Tanker Involved in Shipping Venezuela Oil

About ProShares - Ultra Bloomberg Crude Oil UCO

ProShares Ultra Bloomberg Crude OilSM seeks daily investment results, before fees and expenses, that correspond to two times (2x) the daily performance of the Bloomberg Commodity Balanced WTI Crude Oil Index.