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 surged on Friday as tensions in the Middle East outweighed concerns about slowing global demand growth and delayed interest rate cuts.

Oil Hits 2024 High as Middle East Tensions Overshadow Weakened Economic Outlook

The crude oil markets continue to see a lot of upward pressure as there are a lot of factors out there to send oil higher overall.

Crude Oil Weekly Forecast – Crude Oil Markets Continue to See Bullish Pressures

The crude oil markets rallied again on Friday, as we have seen a lot of pressure present itself in the petroleum markets.

Crude Oil Price Forecast – Crude Oil Continues to Power Higher

The International Energy Agency (IEA) on Friday downgraded its forecast for 2024 oil-demand growth to 1.2 million barrels a day from the previous 1.3 million bpd, noting “exceptionally weak” deliveries in Organization for Economic Co-operation and Development (OECD) countries, a largely complete post-COVID rebound, and increasing market share gains by electric vehicles (EVs), especially in China.

IEA Downgrades Forecast for 2024 Oil-Demand Growth

The numbers: The cost of imported goods rose in March for the third month in a row because of higher oil prices, adding a little bit to upward pressure on U.S. inflation.

Import inflation rises for third month in a row. Higher oil prices play big role.

Israel is preparing for a direct attack by Iran on southern or northern Israel as soon as Friday or Saturday, The Wall Street Journal reported.

Oil prices bounce back as Israel reportedly preparing for Iran attack this weekend

Crude futures moved higher Friday morning, shaking off weakness seen after the International Energy Agency lowered its forecast for oil-demand growth, with jitters around Middle East tensions providing support.

Oil prices bounce on continued Mideast tensions, but head for weekly decline

Middle East tensions, supply disruption fears boost oil prices, but IEA sees slower demand growth and expects supply rise.

Crude Oil News Today: Prices Underpinned by Supply Disruption Fears

Crude Oil News Today: Rally Driven by Supply Disruption Fears

The International Energy Agency (IEA) trimmed its forecast for 2024 oil demand growth on Friday, citing lower than expected consumption in OECD countries and a slump in factory activity.

IEA trims oil demand forecast on weakness in wealthier countries

It comes as oil prices rebound on elevated Middle East tensions, with market participants monitoring the prospect of supply disruptions from the region.

IEA downgrades oil demand growth forecast as prices heat up on elevated Middle East tensions

Rising geopolitical tensions in the Middle East propel oil prices higher, despite underlying concerns of slower U.S. rate cuts impacting weekly trends.

Natural Gas and Oil Forecast: Middle East Tensions Underpin Energy Sector

Oil prices rose in early trade on Friday on heightened tensions in the Middle East, where Iran has promised to retaliate for a suspected Israeli air strike on its embassy in Syria, which could risk disruptions to supply from the oil producing region.

Oil prices head back up on Middle East jitters

Oil traders continue to take profits near multi-month highs.

Natural Gas, WTI Oil, Brent Oil Forecasts – WTI Oil Pulls Back On Refinery Outage

The crude oil markets continue to see a lot of sideways action overall.

Crude Oil Price Forecast – Crude Oil Continues to See Consolidation

The Federal Reserve is now expected to start reducing interest rates in September, much later than originally forecast.

Oil prices slip as inflation fears haunt the market

The Organization of the Petroleum Exporting Countries left its estimates for global oil-demand growth unchanged, but lowered its forecast for non-OPEC supply growth for this year and next.

OPEC Sticks to Oil Demand View, Cuts Non-OPEC Supply Growth Forecast

OPEC on Thursday predicted robust fuel use in the summer months and stuck to its forecast for relatively strong growth in global oil demand in 2024, while saying there was a chance the world economy could do better than expected this year.

OPEC sees robust summer oil demand, economic upside potential

Oil futures edged lower Thursday, consolidating the previous session's gain, as investors weighed the potential for Iranian attacks in retaliation for a strike on the country's embassy in Syria that was attributed to Israel.

Oil prices extend gains as fears rise of potential Iran attacks

Oil prices are rising due to ongoing Middle East tensions, US political support for Israel, with traders awaiting upcoming reports from OPEC and IEA.

Crude Oil News Today: Stable Near Six-Month High Amid Middle East Tensions

Amid escalating Middle East tensions, oil prices surge, spotlighting Iran and its potential to disrupt global oil supplies.

Natural Gas and Oil Forecast: Middle East Tensions Spike, Iran in Focus

Oil prices held steady in early Asian trading on Thursday after gaining a dollar a barrel in the prior session as investors braced for a worsening of the Middle East crisis, potentially involving Iran, the third-largest oil producer in OPEC.

Oil consolidates gains amid concerns of worsening Middle East crisis

Strong dollar and rising Treasury yields did not put pressure on oil markets.

Natural Gas, WTI Oil, Brent Oil Forecasts – Oil Gains Ground Despite Rising Crude Inventories

VanEck Oil Services ETF has been catching up with crude oil prices, and a break above technical resistance could ignite the ETF. The low level of the U.S. Strategic Petroleum Reserve, or SPR, is bullish for crude oil prices, as it limits the administration's ability to combat rising prices. The upcoming U.S. presidential election will likely determine the future of U.S. energy policy and the dominance of crude oil as an energy commodity.

OIH: Moving Higher With Crude Oil

Domestic oil production remained unchanged at 13.1 million bpd despite rising oil prices.

News for VanEck Vectors Oil Services ETF ETF (OIH)