Invesco DB Oil Fund

DBO

Market cap $210M

Sam Margolis, Wells Fargo oil and gas analyst, joins 'Power Lunch' to discuss Margolis' thoughts on oil stocks, what's driving retail gasoline prices and much more.

Oil markets are moving higher as traders focus on Trump's comments about tariffs.

The oil markets look soft again this past week, as we continue to see a lot of selling. This is a market that will be looking for a short-term bounce, but this bounce could be a nice selling opportunity in a market that simply cannot find its feet.

Crude oil fell hard again on Friday, as it looks like we are trying to price in the idea of a slowing economy, and perhaps the idea of oversupply in general.

Crude oil steadies after sharp drop, but weak technicals and rising supply keep oil outlook bearish. Traders brace for further downside in WTI futures.

Oil prices remain under pressure as EIA reports a 3.5M barrel inventory build, deepening market fears of oversupply and slowing global energy demand.

Oil prices edged lower in early trade on Friday, heading for a weekly loss, with uncertainty over global energy supplies after U.S. President Donald Trump and Russian President Vladimir Putin agreed to meet in Hungary to discuss ending the war in Ukraine.

Crude oil sank to $57.29, failing $58.39 Fib support, with a close below $57.77 targeting $55.23-$56.47 zone.

A glut of crude has pushed U.S. oil futures 19% lower over the past year.

Oil markets gained downside momentum as traders reacted to the EIA report.