MicroSectors Oil & Gas Expl & Prod -3X Inverse Lev ETN

Valero Energy Executive Eric A. Fisher Sells 7,500 Shares at $251.61/Share

ExxonMobil Signs MoU with Egypt to Develop Eastern Mediterranean Gas

Baker Hughes and H&P Partner to Advance U.S. Geothermal Energy Development

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Citi Analyst Scott Gruber Maintains Hold Rating on Occidental Petroleum with $62 Target

Marble Harbor Increases Stake in EOG Resources as CFO and COO Sell Shares

EOG Resources Reports Strong Q1 Results, Promises 70% Free Cash Flow Return to Shareholders

Chevron and Motiva limit key motor oil raw material deliveries

Fed Raises 2026 Inflation Forecast to 2.7% as US Strategic Petroleum Reserve Drops Below 300 Million Barrels

ConocoPhillips: Iran Conflict Disrupts LNG Supply, Qatar Joint Venture Delay Limited to Months

SLB Reports Beat, Hits 52-Week High, Analysts Raise Targets as Insiders Sell

FactSet Survey: 26 Analysts Raise ConocoPhillips 2026 EPS Median Estimate to $9.43

Glenfarne and ConocoPhillips Sign Precedent Agreement for North Slope Gas Sales in Alaska LNG Project

Jefferies and others reaffirm or initiate Buy ratings on Devon Energy with $63 target price

Exxon Mobil Options Surge on May 15, Call Ratio Hits 77%

Devon Energy Exec Adam M. Vela Sells 24,342 Shares at $47.21 Per Share

ExxonMobil dismisses ISS objections to Texas relocation as irrelevant and questions independence

FactSet Survey Shows Analysts Raise DVN 2026 EPS Median Estimate to $5.44

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The average price of a gallon of regular gas has surpassed $4 in all 50 states and Washington, D.C., driven by the ongoing U.S. war against Iran and the closure of the Strait of Hormuz. The national average is approximately $4.56, with states like California seeing prices over $6. President Trump has suggested pausing the federal gas tax, but faces resistance in Congress. Speaker Mike Johnson linked high gas prices to economic issues stemming from the conflict.

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iShares US Oil Equip & Svcs

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iShares US Oil & Gas Expl & Prod

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Gas now tops $4 in all 50 states, DC: AAA

Brent crude oil prices have decreased by 2.00% during the day, currently trading at $105.37 per barrel. According to Odaily, WTI crude oil has also fallen by $2, now priced at $105.57 per barrel, marking a 1.94% decline.

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Brent and WTI Crude Oil Prices Decline

Freight rates for Urals crude shipments from Russia to India have declined due to seasonal factors and an oversupply of vessels. The cost of shipping has dropped significantly, with estimates suggesting a potential increase in Urals prices by $3–$7 per barrel. Demand in India remains strong, supported by U.S. sanctions waivers. Shipping costs for Aframax and Suezmax tankers have also decreased, while oil exports through western ports rose by approximately 150,000 barrels per day in early May.

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Freight rates for Russia’s Urals weaken on tonnage overhang, sources say

Oil prices fell over 2% on Wednesday following President Trump's comments on the Iran war, with Brent crude down 2.5% to $108.52 and U.S. WTI down 2.3% to $101.81. Analysts predict Brent could rise to $120 due to supply risks, while U.S. crude stockpiles are expected to have decreased by 3.4 million barrels. Additionally, Britain has eased sanctions on Russian fuel imports amid a supply crunch.

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Oil Prices Slump After Trump Remarks

Crude futures were losing ground with the market holding out hope for an end to the U.S.-Iran conflict.

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Oil futures lose ground in early US trading

FANG

At yesterday's close, Diamondback Energy triggered a bullish signal above the zero line on the daily MACD chart, with a trading volume of approximately $359 million, maintaining active trading in the oil and gas exploration and production sector. Alongside Devon Energy and Halliburton in the same sector, it also triggered a bullish signal, forming a rare sector-level technical resonance, which typically indicates that the overall mid-term buying power in the energy sector is systematically recovering. After confirming the bullish signal above the MACD zero line, the upward momentum of the short-term trend is expected to continue. On the news front, reports of NATO considering intervention to escort in the Strait of Hormuz continue to gain traction, making global crude oil supply security a market focus. Diamondback Energy focuses on shale oil and gas development in the Permian Basin in the United States, and as a representative enterprise of high-quality production areas in North America, its production growth prospects and asset quality are being re-evaluated by the market in an environment of rising uncertainty on the global supply side. Additionally, Exxon Mobil rose 1.28% yesterday, and Chevron increased by 1.50%, with the collective strength of the energy sector leaders providing strong sector support for Diamondback Energy's upward movement. The energy index ETF overall rose by 1.17%, indicating a clear trend of capital flowing back into energy stocks. From a technical perspective, Diamondback Energy and several other stocks in the sector triggered MACD bullish signals simultaneously, significantly enhancing the reference value of the technical resonance effect. Although the trading volume is not as high as that of sector giants, it remains above $350 million, with decent volume support

- Diamondback Energy triggered a bullish signal above the zero line on the daily MACD chart, with a trading volume of approximately $359 million, reflecting active trading in the oil and gas exploration and production sector.  
- The alignment of bullish signals in the sector, including Devon Energy and Halliburton, suggests a systematic rebound in mid-term buying power across the energy sector amid rising global supply uncertainties.  
- Market focus remains on oil supply security, while a recent increase in energy stocks indicates a clear trend of capital inflow, although investors should be cautious of high volatility and potential price corrections.

Technical Forecast

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Pre-market trend | Diamondback Energy (FANG) 5/19 Technical resonance in the oil and gas sector, will the shale oil newcomers continue to strengthen?

Yesterday's close saw Devon Energy trigger a bullish signal above the zero line on the daily MACD chart, with a trading volume of approximately $605 million, ranking high in trading activity within the oil and gas exploration and production sector. This technical signal coincides with a general strengthening of the energy sector—Energy Select Sector SPDR Fund (XLE) rose 1.17% yesterday, indicating a clear return of funds to energy stocks. The confirmation of a bullish MACD above the zero line typically suggests that the medium-term trend has shifted from a recovery phase to an acceleration phase, with increased buying activity. On the news front, NATO has been reported to consider intervening to escort vessels in the Strait of Hormuz; if the strait does not resume navigation before July, they may take action to protect commercial ships. This geopolitical dynamic directly relates to the safety of global oil transportation, and market concerns over supply disruptions have raised oil price expectations. For companies like Devon Energy, which primarily focus on North American shale oil and gas, rising oil prices will directly boost their revenue and cash flow expectations. Additionally, Exxon Mobil rose 1.28% yesterday, and Chevron increased by 1.50%, with the collective strength of leading companies in the energy sector providing a "endorsement" for Devon Energy's bullish signal at the sector level. From a technical perspective, the bullish signal of Devon Energy's MACD above the zero line, combined with the overall strengthening of the sector, has formed a favorable technical resonance pattern. Trading volume remains at the $600 million level, indicating ample liquidity. Today, attention should be paid to the pre-market movements of crude oil futures; if international oil prices continue to rise, Devon Energy's short-term bullish momentum is expected to be further released

- Devon Energy triggered a bullish signal above the zero line in the MACD chart, with trading volume around $605 million, indicating strong investor interest amid a rising energy sector.  
- This technical signal coincides with a 1.17% increase in the Energy Select Sector SPDR ETF (XLE), as NATO considers intervention in the Strait of Hormuz, potentially affecting global oil transport safety.  
- Higher oil prices could boost revenue and cash flow expectations for companies like Devon Energy, though volatility in energy stocks remains linked to oil price fluctuations and geopolitical developments.

Direxion Daily Energy Bull 2X

Pre-market trend | Devon Energy (DVN) 5/19 Oil and gas sector funds warm up, are energy bulls making a comeback?

Three energy stocks recommended for long-term holding are Chevron, Enbridge, and ConocoPhillips. Chevron operates across all phases of the oil and gas pipeline, Enbridge focuses on pipeline transportation, and ConocoPhillips is known for its efficient oil extraction. Each company offers attractive dividends, with Chevron's yield at 3.6%, Enbridge's at 5%, and ConocoPhillips providing a variable dividend based on oil prices. These stocks are seen as stable investments amidst rising energy prices due to geopolitical tensions.

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3 Energy Stocks Worth Holding for 10 Years

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Warren Buffett’s Berkshire Hathaway Dumped 16 Stocks in Q1, But the Chevron Sale Was the Largest

Cotton futures declined by 6 to 73 points for most 2026 and 2027 contracts, while some deferred contracts rose by 13 to 29 points. The US dollar index increased by $0.304 to $99.570. Crude oil fell by $5.07, impacting the market amid US-Iran negotiations. The Cotlook A Index rose by 300 points to 90.65 cents, and ICE certified cotton stocks remained steady at 203,403 bales. The Adjusted World Price increased by 228 points to 71.87 cents/lb.

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Cotton Closes Mostly Lower on Wednesday

MicroSectors Oil & Gas Expl & Prod -3X Inverse Lev ETN(OILD.US)

Gas now tops $4 in all 50 states, DC: AAA

Brent and WTI Crude Oil Prices Decline

Freight rates for Russia’s Urals weaken on tonnage overhang, sources say

Oil Prices Slump After Trump Remarks

Oil futures lose ground in early US trading

Pre-market trend | Diamondback Energy (FANG) 5/19 Technical resonance in the oil and gas sector, will the shale oil newcomers continue to strengthen?

Pre-market trend | Devon Energy (DVN) 5/19 Oil and gas sector funds warm up, are energy bulls making a comeback?

3 Energy Stocks Worth Holding for 10 Years

Warren Buffett’s Berkshire Hathaway Dumped 16 Stocks in Q1, But the Chevron Sale Was the Largest

Cotton Closes Mostly Lower on Wednesday