Schlumberger

Baker Hughes Co

Halliburton

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Weatherford International PLC

Cactus

Transocean

Noble Corp PLC

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

Concerns that the poor outlook for the global economy will stifle energy consumption in the next few weeks is pushing prices lower.

U.S. Oil Falls Below $85 a Barrel for First Time Since January

Oil futures ticked higher Wednesday after Russian President Vladimir Putin said he would cut off energy supplies if price caps are placed on the country's oil and gas exports.

Oil ticks higher after Putin threatens to halt energy supplies in response to price caps

With the Fed draining $95 billion in liquidity from the banking system as it accelerates QT, things could go from bad to worse, although bearish sentiment is increasing and the market is getting very oversold. There are still areas of the market that are worth considering, such as select stocks in the natural gas, oil, and nuclear energy sectors, but even their risks are rising.

Volatile Oil And Expanding QT Are Clear And Present Dangers To The Financial System

Oil prices declined to the lowest in eight months on Wednesday as concerns intensified that a global economic downturn will hurt demand for energy.

Oil Prices Sink to Lowest Level Since January on Demand Worries

Oil prices fell on Wednesday as COVID-19 curbs in top crude importer China and expectations of further interest rate hikes fanned concerns of a global economic recession and lower fuel demand growth.

Oil falls on renewed demand concerns, rate hike expectations

U.S. benchmark oil prices ended little changed on Tuesday, as traders in the U.S., following a holiday on Monday, got a chance to react to a decision by OPEC+ to cut production by 100,000 barrels per day in October. The decision essentially reversed September's 100,000 barrel-per-day increase.

U.S. oil futures edge higher a day after the OPEC+ decision to cut output

Oil markets face a looming winter, political uncertainty, OPEC+ moves, and recession fears — all of which could result in large price fluctuations.

Oil prices could surge or crash more than 20% in the coming months based on a global recession, Europe, and these 6 other risks

Gold retreated towards the $1700 level as U.S. dollar tested new highs. WTI oil moved closer to multi-month lows.

Natural Gas Price Dives Below $8.50

The crude oil market initially tried to rally during the trading session on Tuesday but gave back gain rather quickly to form less than impressive price action.

Crude Oil Price Forecast – Crude Oil Markets Give Up An Early Gain

Trader reaction to the long-term 50% level at $88.26 is likely to determine the direction of the Oct WTI crude oil market into the close on Tuesday.

Crude Oil Price Update – Traders Battling Demand Fears after OPEC-Led Rally Fizzles

Oil futures fell Tuesday, with the global benchmark Brent crude giving back gains scored in the previous session after the Organization of the Petroleum Exporting Countries and its allies agreed to cut output by 100,000 barrels a day in October.

Global oil benchmark gives back OPEC-inspired bounce

Oil prices fell back early Tuesday as traders began to look further than OPEC's modest output cut, which led to a rally at the beginning of the week.

Oil Prices Cool as Traders Look Beyond OPEC Cut

OPEC and its allies on Monday agreed to a small oil production cut to bolster prices that have retreated on fears of a global economic slowdown.

Oil Price Fundamental Daily Forecast – OPEC+'s ‘Symbolic' Production Cut Sends Message to US, Europe

Oil prices slipped early on Tuesday, paring the previous session's 3% gain, as an OPEC+ deal to cut output by 100,000 barrels per day in October was seen as a largely symbolic move to stem the market's recent slide.

Oil dips on symbolic OPEC+ output cut

OPEC said Monday it would reduce oil production next month, the cartel's first output cut since the depths of the pandemic, as it braces for a global economic slowdown to hit demand.

OPEC agrees to cut production after oil price slump

OPEC+ announced a plan to cut supplies to the global economy by 100,000 barrels per day next month, which reverses their September increase by the same amount.

OPEC+ cuts global oil supplies, reversing September increase

The oil producing cartel has agreed to cut output targets just days after U.S.-led agreement to establish a buyer's alliance seeking price-setting power over Russian crude.

OPEC+'s Warning Shot

Crude oil markets rallied during thin trading on Monday, as it was Labor Day in the United States, so a lot of liquidity would have been pulled from the market.

Crude Oil Price Forecast – Crude Oil Markets Rally After OPEC Cut

Several factors are contributing to oil's gains, but the risk of lower crude output is at the front of traders' minds as OPEC+ meets to discuss supply adjustments.

Oil climbs over 3% as natural gas prices soar and OPEC+ meets to discuss trimming output

Oil prices climbed on Monday as members of the Organization of Petroleum Exporting Countries and Russia agreed to cut output by 100,000 barrels a day in October.

Oil prices climb as OPEC+ agrees to 100,000 barrel cut per day

The move shows how worries over an economic slowdown are dominating a global oil market.

OPEC+ Agrees to Small Production Cut Amid Recession Fears

It comes amid a bitter energy dispute between Russia and the West, with many in Europe deeply concerned about the prospect of a winter gas shortage.

Oil producer group OPEC+ surprises energy markets with a small production cut

Saudi Arabia floated the idea of a small output cut after prices fell, but Russia is opposed to the idea.

Oil Prices Climb as OPEC Considers Cutting Production

Moscow could retaliate against the G7's latest plan to cap prices by reducing oil production and cutting out export partners, strategists warned.

Oil prices will surge to $125 a barrel next year despite the G7's cap on Russian crude, Goldman Sachs says

OPEC+ (comprising the Organization of the Petroleum Exporting Countries plus various affiliates including Russia) is likely to keep oil output quotas unchanged for October in the lead up to today's meeting, sources have told Reuters. But some sources have not ruled out a small production cut following proposals by top producer Saudi Arabia last month in order to prop up ongoing price declines.

News for VanEck Vectors Oil Services ETF ETF (OIH)