Schlumberger

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Noble Corp PLC

Weatherford International PLC

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VanEck Vectors Oil Services ETF

OIH tracks a market-cap-weighted index of 25 of the largest US-listed, publicly traded oil services companies.

United States Brent Oil Fund LP

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iShares U.S. Oil & Gas Exploration & Production ETF

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United States Oil Fund LP

SPDR S&P Oil & Gas Exploration & Production ETF

Oil futures fell for a fifth straight session Wednesday, leading U.S. prices to settle below $70 a barrel for the first time in more than five months. “The market is doubtful about the efficacy of OPEC's latest output cuts,” said Fawad Razaqzada, market analyst at City Index and FOREX.com.

U.S. oil futures fall a fifth session to settle at lowest since late June

Oil traders stay focused on the weakness of oil demand.

Natural Gas, WTI Oil, Brent Oil Forecasts – Oil Dives As U.S. Gasoline Stocks Rise

U.S. crude declined nearly 4% on Wednesday with retail gasoline prices hitting the lowest point this year ahead of the holiday shopping and travel season.

U.S. crude drops below $70 per barrel, gas prices fall to 11-month low

Crude oil markets broke down rather significantly during the trading session on Wednesday, as we are now through major support.

Crude Oil Price Forecast – Crude Oil Markets Continue to Break Down

OPEC oil output fell in November in the first monthly drop since July, a Reuters survey found, as a result of lower shipments by Nigeria and Iraq as well as ongoing market-supporting cuts by Saudi Arabia and other members of the wider OPEC+ alliance.

OPEC oil output drops in November, in first fall since July -survey

Oil prices, affected by OPEC+ decisions and China's economic outlook, lead to a decrease in Brent crude and WTI, impacting the global oil market.

Natural Gas and Oil Analysis: Market Reacts to OPEC+ Cuts and China's Demand

Oil futures fell Wednesday morning, on track for a fifth straight losing session, as traders continued to look through additional OPEC+ production cuts, while industry data showed a rise in U.S. crude supplies.

Oil prices on track for fifth straight loss ahead of inventory data

U.S. gasoline prices are the lowest they have been since January and by Christmas could fall below $3 a gallon for the first time since 2021, analysts said, which should boost consumer confidence during the holiday shopping season.

US gasoline pump prices at 11-month low in time for holiday shopping

Oil prices decline amid stronger U.S. dollar with OPEC+ voluntary output cuts, China demand concerns and rising U.S. inventories contributing.

Oil Prices Forecast: WTI, Brent Hit Multi-Month Lows Amid OPEC+ Doubts

Oil prices fell in Wednesday Asian morning trading as markets continue to doubt the impact of OPEC+ cuts and take cues from a worsening demand outlook in China.

Oil prices fall on China concerns, scepticism on OPEC+ cuts

Oil futures on Tuesday stretched their losses into a fourth consecutive session, pulling U.S. prices to their lowest settlement since early July. “The OPEC+ decision was a clear disappointment last week due to both the underwhelming amount of additional [oil] output curbs and the voluntary nature of the 2024 policy cuts,” said Tyler Richey, co-editor at Sevens Report Research.

U.S. oil futures drop to a 5-month low

Crude oil markets initially fell during the trading session on Tuesday, but found support at the very bottom of the recent consolidation area.

Crude Oil Price Forecast – Crude Oil Markets Attempting to Find a Floor

Oil futures on Tuesday threatened to extend their losing streak to a fourth session, extending a decline attributed in part to skepticism over the ability of OPEC+ to deliver on additional production cuts early next year.

Oil prices edge lower after 3-day losing streak

Despite OPEC+'s production cuts, oil prices reflect demand concerns and market skepticism.

Oil Prices Forecast: OPEC Cuts Amid Global Tensions

Oil prices held steady on Tuesday amid uncertainty over voluntary output cuts by OPEC+ and as continued tension in the Middle East spurred supply concern.

Oil prices steady amid OPEC+ cut doubts, Mid-East tension

Oil futures on Monday posted a third-straight session decline, with U.S. prices settling at their lowest since mid-November. Oil prices have remained under pressure on concerns over slowing demand, as well as some skepticism that the OPEC+ output cuts will hold, and the fact that U.S. production continued to break new records, said Michael Hewson, chief market analyst at CMC Markets UK.

U.S. oil futures settle at lowest since mid-November

The crude oil markets have fallen rather hard during the trading session on Monday, as it looks like they are trying to price in the idea of a global recession.

Crude Oil Price Forecast – Crude Oil Markets Pricing In Recession

Oil futures fell Monday, building on a decline last week that came after a round of voluntary production cuts announced by OPEC+ left traders skeptical about compliance.

Oil prices drop 1% as doubts linger over OPEC+ production cuts

Oil futures fall due to skepticism over OPEC+ cuts, global demand doubts, U.S. production rise, China's economy, and bearish short-term outlook.

Oil Prices Forecast: OPEC+ Cuts, Global Demand in Focus Amid Renewed Geopolitical Tensions

Oil futures rose on Monday as geopolitical tension in the Middle East returned to focus, spurring concerns about supply from the region, but uncertainty over OPEC+ voluntary output cuts and global fuel demand growth clouded the sector's outlook.

Oil climbs as Mideast tension back in focus

Oil prices fell amid OPEC+ cut announcements and enforcement doubts, with market skepticism setting a bearish tone, yet compliance may shift outlook.

Oil Prices Forecast: Skepticism Shadows OPEC+ Production Cuts

Oil futures finished lower on Friday for a second session in a row. Traders looked to a decision by OPEC+ to cut production further in the first quarter with skepticism.

Oil futures mark back-to-back losses with traders skeptical of OPEC+ output cuts

The U.S. Department of Energy has sped up the return of 4 million barrels of oil to the Strategic Petroleum Reserve, from a previous exchange of crude to energy companies, as it seeks to replenish the stockpile after a record drawdown last year, it said on Friday.

US speeds up return of oil to Strategic Petroleum Reserve -Energy Dept

Today's article explores OPEC's motivations for cutting oil production by 1 million barrels per day, and why those goals contrast with those of net crude oil-importing nations.

Decoding What OPEC Wants

OPEC+ production cuts, which were announced on Thursday, did not provide support to oil markets.

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