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

The value of U.S. oil and gas mergers and acquisitions in the Permian basin this year has reached a record of more than $100 billion after several multi-billion dollar deals, consultancy Wood Mackenzie said in a news release on Tuesday.

M&A deals in Permian basin exceeds $100 billion in 2023 - WoodMac

Oil prices held steady on Tuesday ahead of key interest rate policy and inflation data announcements, and amid doubts that production cuts by OPEC+ next year would offset crude oversupply and weaker fuel demand growth.

Oil steady ahead of interest rate decisions, OPEC+ supply cut doubts

Oil futures finished higher on Monday after posting seven consecutive weekly declines. Gains for the session came from a “combination of near-term oversold conditions in the futures market” after West Texas Intermediate crude tested critical 2023 support in the upper $60s last week, said Tyler Richey, co-editor at Sevens Report Research.

Oil futures end modestly higher after posting 7 consecutive weekly declines

Demand worries persist but some traders are ready to bet on a rebound.

Natural Gas, WTI Oil, Brent Oil Forecasts – Oil Is Mostly Flat As Traders Stay Cautious

OPEC+ oil output cuts of 2.2 million barrels per day (bpd) in the first quarter may not be long enough, analysts and traders said, as crude oil physical and futures prices show increasing signs of surplus ahead of their implementation.

OPEC+ oil output cut may be too brief as physical market weakens

Crude oil markets are doing everything they can to build a bit of a base during the trading session on Monday, continuing the bit of stabilization.

Crude Oil Price Forecast – Crude Oil Markets Still Building a Base

Oil futures stabilized early Monday following the longest losing stretch since 2018 as concerns about a slowing global economy, coupled with booming U.S. supply, helped keep prices anchored around $70 a barrel.

Oil prices stabilize after longest losing streak since 2018

Goldman Sachs Physical Gold ETF

Invesco DB Gold Fund

DB Gold Double Long ETN

SPDR Gold Trust

SPDR Gold MiniShares Trust

iShares Gold Trust

iShares Gold Strategy ETF

VanEck Merk Gold Trust

ProShares Ultra Gold

Falling oil prices and rising gold prices indicate growing recessionary fears — but 10-year Treasury yields jumped on Friday amid hopes of a soft landing.

'Somebody has it wrong' on U.S. recession risks as oil, gold and Treasurys diverge, fund manager says

SPR boost tackles oil supply glut while China's CPI deflation and OPEC+ doubts add to crude's market uncertainty.

Oil Prices Forecast: US Strategic Reserve Refill Plans Lift WTI and Brent Crude

Oil prices inched higher on Monday, extending gains for a second session as U.S. efforts to replenish strategic reserves provided some support, although concerns of crude oversupply and softer fuel demand growth next year lingered.

Oil extends gains on US strategic reserve purchase

Oil producer group OPEC held an event on the sidelines of the COP28 negotiations in Dubai on Sunday aimed at convincing young people to support fossil fuels, whose future has caused deep splits among delegates at the climate summit.

OPEC pursues charm offensive at COP28, for youths

Friday's price rise challenges a seven-week oil decline, amid OPEC+ decisions and U.S. reserve strategies, with a cautiously optimistic outlook.

Oil Prices Forecast: Did Friday's Recovery Rally Signal a Sentiment Shift?

Oil futures finished higher Friday after a six-session streak of declines, but marked a seventh weekly loss in a row. Oil's overall loss highlights how “unimpressed traders were with the OPEC+ production cut deal, said Craig Erlam, senior market analyst at OANDA.

Oil futures settle higher after a 6-session streak of losses

Crude oil markets have fallen during the course of the week, showing signs of life on Friday, but still looking very weak.

Crude Oil Weekly Price Forecast – Crude Oil Markets Have Another Tough Week

Crude oil markets have rallied significantly during the course of the trading session on Friday, as we continue to see a lot of noise overall.

Crude Oil Price Forecast – Crude Oil Markets Recover

Oil traders bet on a rebound as Saudi Arabia and Russia call for other OPEC+ countries to participate in voluntary production cuts.

Natural Gas, WTI Oil, Brent Oil Forecasts – Oil Soars Amid Hopes For Additional Production Cuts

Invesco CurrencyShares Euro Trust

Financial Select Sector SPDR Fund

Subscribers to  Chart of the Week  received this commentary on Sunday, December 3.

ETFs That Tend to Outperform in December

Despite a recovery in oil prices on OPEC+ output cut calls, persistent oversupply and weak Chinese demand continue to cloud the market outlook.

Natural Gas and Oil Analysis: Rising Oil Prices on OPEC+ Output Cuts, but Oversupply Concerns Loom

Oil prices traded around six-month lows on Friday, with the talk of $100/barrel seeming a distant memory.  Brent crude was trading around $75/barrel while West Texas Intermediate has pushed back above $70/barrel after falling below earlier this week.

Oil price tests six-month lows as US production soars

Oil was rising for the first time in seven sessions on Friday, with some attributing the lift to verbal support by Russia and Saudi Arabia. Prices were still headed for a seventh straight weekly loss.

Oil prices rise, but still headed for another weekly loss

Russia and Saudi Arabia ask others to join them in lowering crude output to keep supplies tight.

Oil Prices Jump on Calls for More OPEC Production Cuts

Shell PLC (LSE:SHEL, NYSE:SHEL), Exxon Mobil Corporation (NYSE:XOM) and Glencore PLC (LSE:GLEN) are among the big corporations accused of raking in profits over and above the rate of inflation in the aftermath of Russia's war on Ukraine.  A new report by the Institute for Public Policy Research has accused corporates of making ‘excess profits', which in turn drove inflation higher.

Oil firms made ‘excess profits' over and above inflation, says IPPR

The Canadian dollar has declined against the greenback this week as the Bank of Canada kept rates on hold at 5%.

Loonie Struggling Amid Weaker GDP and a Cautious BoC

Despite Saudi and Russian calls for OPEC+ cuts, oil prices face their seventh straight weekly decline ahead of US jobs report, Fed decisions.

Oil Prices Forecast: Saudi's Call to Join Output Cuts Fuels Short-Covering Rally

Oil prices rose in early trade on Friday but were on track to fall 6% for the week, hovering near six-month lows, with investors fretting about weak energy demand in Asia combined with high U.S. crude production.

News for VanEck Vectors Oil Services ETF ETF (OIH)