USO · outlook

Oil: what the data says

Tracks the price of crude oil, one of the most closely watched commodities for its impact on inflation, energy costs, and global growth. Its price is heavily influenced by production decisions from the OPEC+ cartel, which brings together the world's major exporting nations, and by US shale oil output, which over the past fifteen years has turned the United States into one of the world's largest producers. Geopolitical tensions in extraction or transit areas, such as the Strait of Hormuz, can trigger sharp price spikes.