Schlumberger

Baker Hughes Co

Halliburton

TechnipFMC

ChampionX

Cactus

Noble Corp PLC

Weatherford International PLC

Transocean

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

Invesco DB Oil Fund

Direxion Daily S&P Oil & Gas Exp. & Prod. Bull 2X Shares

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

iPath Pure Beta Crude Oil ETN

Invesco Dynamic Oil & Gas Services ETF

ProShares Ultra Bloomberg Crude Oil

United States Oil Fund LP

SPDR S&P Oil & Gas Exploration & Production ETF

Oil prices have climbed to their highest levels of the year, buoyed in part by news that Saudi Arabia and Russia have extended their production cuts to the end of the year, even as demand uncertainty continues to hang over the market outlook.

Oil trades at 2023 highs. Are U.S. prices headed for $100?

iShares U.S. Oil Equipment & Services ETF

Invesco Dynamic Energy Exploration & Production ETF

SPDR S&P Oil & Gas Equipment & Services ETF

The oil market is currently navigating a complex landscape influenced by a mix of factors including OPEC+ output cuts, tightening inventories, and macroeconomic uncertainties.

Energy ETFs in Focus as Saudi Likely to Prolong Output Cuts

Brent crude surpassed $90 a barrel for the first time since November on Tuesday. Oil prices climbed after Saudi Arabia and Russia committed to further production cuts until December.

Oil prices soar to 10-month high as Russia and Saudi Arabia commit to slash production for longer

U.S. oil futures settled Tuesday at their highest since November, lifted by news that Saudi Arabia and Russia have decided to extend their production cuts to the end of the year. October West Texas Intermediate crude CLV23, +1.19% climbed $1.14, or 1.3%, to settle at $86.69 a barrel on the New York Mercantile Exchange.

U.S. oil futures end at highest since November

Both countries said they would review the supply cuts monthly, and could modify them depending on market conditions.

Oil prices hit 10-month high as Saudi Arabia, Russia extend supply cuts

Saudi Arabia and Russia extended production cuts until the end of this year.

Natural Gas, WTI Oil, Brent Oil Forecasts – Oil Rallies As Traders Focus On Production Cuts

Energy Select Sector SPDR Fund

Energy stocks are leading the S&P 500 index performance on Tuesday, while most other sectors are in red, after Saudi Arabia and Russia announced an extension of oil supply cuts.

Energy stocks lead S&P 500 again, as Saudi Arabia, Russia extend crude-supply cuts

Near-term prices for oil traded on Tuesday at their steepest premium since November to later-dated prices after Saudi Arabia and Russia announced plans to extend voluntary oil supply cuts for three months.

OPEC+ cuts drive crude futures spreads to widest since November

Invesco S&P SmallCap Energy ETF

Oil rallied to the highest level this year, with U.S. crude touching $85 per barrel and Brent climbing to $87.88 per barrel. The gains were driven by the anticipation of additional supply cuts from major oil-producing nations, Saudi Arabia and Russia, as well as declining inventories in the United States.

Oil Price Touches 2023 High: 5 Energy ETFs Leading the Way

Oil prices hit a new high for the year so far after Saudi Arabia and Russia — the world's biggest crude exporters — said they would extend output cuts by at least another three months.

Oil prices surge after Saudi Arabia and Russia extend production cuts

Crude oil markets have been extraordinarily bullish as of late, but unfortunately we are starting to get to the point where they are extremely overstretched, and sooner or later gravity may come into the picture. If that's going to be the case, you may have a situation where it's time.

Crude Oil Price Forecast – Crude Oil Markets Facing Gravity

Oil futures edged lower early Tuesday, pulling back from 2023 highs, after downbeat economic data from China raised worries about global demand.

Oil prices pull back from 2023 highs after downbeat China data

Oil services companies support and enhance the extraction and processing of hydrocarbons, with higher oil prices driving more business. The VanEck Oil Services ETF has outperformed integrated oil companies since 2020, with a bullish trend and higher highs. Factors supporting oil prices include OPEC+ policies, US and European energy policies, China and India's demand, and inflation.

OIH: The Bullish Trend Continues

OPEC's production strategy meets headwinds from China's economic indicators, spotlighting a volatile tug-of-war in crude oil futures.

Oil Prices Forecast: OPEC Production Cuts vs. Asia's Economic Dip Set Flat Tone

The US dollar is losing some influence in the oil markets, according to JPMorgan. The correlation between the USD's strength and oil prices has weakened, per the bank's research.

The greenback is 'losing some influence' in the oil markets — and it means a partial de-dollarization is likely, says JPMorgan

West Texas Intermediate Crude Oil is currently trading above $85, Brent Crude is above $88 $100 could be the next stop in the uptrend, but it's OPEC that holds the key

Will Crude Oil Hit $100 Per Barrel?

Oil prices were mixed on Tuesday as support from China's measures to shore up its economy vanished, offsetting expectations of an extension in supply cuts by two leading OPEC+ members Saudi Arabia and Russia

Oil prices mixed on receding support from China's steps to revive economy

Traders bet that the potential extension of production cuts will provide additional support to oil markets.

Natural Gas, WTI Oil, Brent Oil Forecasts – Oil Stays Close To Multi-Month Highs As Traders Remain Bullish

Production cuts, China's stimulus measures, and a less hawkish outlook for Fed policy are pushing oil markets towards new highs.

WTI Oil Is Heading Towards $90.00

The crude oil markets were of course somewhat illiquid as we continue to see a bit of an overstretched condition. That being said, the market is likely to take profits in this area. Labor Day of course is part of the reason why we have so much uncertainty.

Crude Oil Price Forecast – Crude Oil Markets Quiet on Labor Day

While OPEC+ commitments stir the global oil landscape, the U.S.'s booming oil production may temper future rises.

Oil Prices Forecast: OPEC Impact on Global Trade Dynamics

Global oil supplies are expected to improve in the next six to eight weeks because of refinery maintenance, although supplies of sour crude will stay tight, said Russell Hardy, chief executive of the world's largest independent oil trader, Vitol.

APPEC-Global oil supplies to improve on refinery maintenance -Vitol exec

Oil prices ticked up in Asian morning trade on Monday, as market sentiment was buoyed by positive China and U.S. economic data, as well as expectations of ongoing crude supply cuts from major producers.

Oil rises on China, US economic data and OPEC+ cut expectations

Oil futures on Friday marked their highest settlement of the year, with front-month U.S. benchmark prices up 7.2% for the week, according to Dow Jones Market Data. With Saudi Arabia cutting exports by 1 million barrels a day in August and likely to extend cuts into the fourth quarter, the “market is rightly pricing in an outlook of tighter inventories as we work toward 2024,” said Troy Vincent, senior market analyst at DTN.

Oil futures log highest settlement year to date

Oil traders prepare for the extension of production cuts from Saudi Arabia and Russia.

News for VanEck Vectors Oil Services ETF ETF (OIH)