TechnipFMC

Baker Hughes Co

Schlumberger

Noble Corp PLC

Halliburton

Cactus

Golar LNG

Kodiak Gas Services Inc

Liberty Oilfield Services

Invesco Dynamic Oil & Gas Services ETF

PXJ tracks an index of US companies in the oil and gas services sector that are weighted in tiers. The index uses a multi-factor methodology to select holdings.

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

VanEck Vectors Oil Services ETF

iPath Pure Beta Crude Oil ETN

ProShares Ultra Bloomberg Crude Oil

United States Oil Fund LP

SPDR S&P Oil & Gas Exploration & Production ETF

After falling below $70 a barrel earlier this year, oil prices have marched steadily higher. In this article, I discuss the reasons why, and whether $100 oil is inevitable.

What's Driving The Rally Toward $100 Oil?

Goldman Sachs

Goldman Sachs (NYSE:GS) has raised its 12-month forecast for Brent oil from from $93/bbl to $100/bbl as it now expects modestly sharper inventory draws. The key reason behind the change is that significantly lower OPEC supply and higher demand more than offset significantly higher US supply, it said.

Goldman Sachs raises oil price forecast to $100/barrel

Chevron

Oil prices hit a new ten-month high on Tuesday, as fuel prices continue a steady climb in the wake of sustained production cuts from some of the world's largest suppliers. Hitting US$95 a barrel on Tuesday, benchmark fuel Brent Crude returned to levels not seen since November of last year.

Oil price continues climb as fresh 10-month high hit

Europe's energy shares have hit seven-month highs, thanks to crude oil prices jumping to a 2023 peak and natural gas prices rising almost 40% in two months, but not all investors view this as the perfect opportunity to buy.

High oil prices don't make Europe energy stocks attractive to all

As the Federal Reserve's decision looms, oil prices tumble, despite a drop in API inventory and bullish global production nuances.

Oil Prices Forecast: Fed Worries Shake WTI, Brent Futures Despite API Draw

Oil prices rose in early trade on Wednesday, hovering near 10-month highs hit the previous day, as a bigger-than-expected draw in U.S. oil stockpiles and weak U.S. shale output reinforced fears of tight crude supply for the rest of 2023.

Oil prices rise on concerns over tightening supply

China's oil demand is peaking by the end of the decade, and with its economic recovery still in limbo, how much can the global oil markets still rely on it?

Oil markets' decades-long dependence on China could be ending

Oil finished lower on Tuesday, with U.S. prices down for the first time in four sessions. “Oil trading is a sophisticated game of Chutes & Ladders and there are some hot spots that may take Brent (and possibly WTI) to $100 [a barrel] shortly,” Tom Kloza, global head of energy analysis at the Oil Price Information Service, a Dow Jones company.

U.S. oil futures end lower for the first time in 4 sessions

(Kitco News) - Supported by OPEC+'s production cuts through year-end, the oil market continues to climb higher, with some analysts saying that it could be only a matter of time before prices push back to $100 a barrel.

Oil prices hit nearly one-year high as it marches towards $100

Traders have finally began to take some profits off the table after the strong rally in the oil markets.

Natural Gas, WTI Oil, Brent Oil Forecasts – Oil Pulls Back As Traders Take Profits Ahead Of Fed Decision

As gasoline prices rise at the pumps, Americans are feeling the pinch, but the oil price bulls are having a field day. Oil price predictions have been running hot lately, spurred by production cuts from Organization of the Petroleum Exporting Countries (OPEC+) nations like Saudi Arabia and Russia.

Oil Price Predictions 2023: When Will Crude Hit $100 Per Barrel?

Fundamentals are bullish, but technical indicators show that oil markets are overbought in the near term.

Will Oil Test $100 In 2023?

The crude oil markets rallied rather significantly during the trading session on Tuesday as we continue to see massive upward pressure.

Crude Oil Price Forecast – Crude Oil Markets Continue to Power Higher

Oil price is bad news for central banks trying to tame inflation and will add to pressure to further increase interest rates

Crude oil tops $95 a barrel raising fears of return to rising inflation

It's no secret that governments and regulators have been ramping up enforcement of greenhouse-gas regulation. But here's something counterintuitive: Shares of some oil and energy companies — players in so-called dirty industries — may deliver better investment returns relative to companies in cleaner industries, even amid tightening regulatory constraints.

Oil stocks could outshine clean-energy shares under this climate change scenario

Oil prices have been rising to multi-month highs recently on tightening supply and recent production cuts by Saudi Arabia and Russia.

Crude Oil Likely to Hit $100 a Barrel Amid Supply Constraints

WTI and other crude oil benchmarks near 10-month highs as U.S. shale production dips, while Saudi Arabia and Russia make production cuts.

Oil Prices Forecast: WTI Nears 10-Month High Amid OPEC Supply Cuts, US Shale Decline

Russia's oil and gas revenues, which account for around a third of total federal budget proceeds, are set to rise to around 733 billion roubles ($7.6 billion) in September, up 14% from the previous month, Reuters calculations showed on Tuesday.

Russia's oil and gas revenues set to rise 14% in September - Reuters calculations

Oil prices rose in early trade on Tuesday for the fourth consecutive session, as weak shale output in the U.S. spurred further concerns about a supply deficit stemming from extended production cuts by Saudi Arabia and Russia.

Oil prices rise on supply deficit concerns

Hess

Occidental Petroleum

Exxon Mobil

The price of WTI and Brent crude continues to rise as Wall Street traders eye a deeper supply deficits in the fourth quarter after Saudi Arabia and Russia extended supply cuts.

Oil spikes above $91 on supply concerns

Speculators have been quick to chase a breakneck rally in crude futures. Now, the U.S. benchmark may be prone to a near-term pullback, warned analysts at Société Générale on Monday.

U.S. oil benchmark ‘extremely vulnerable' to profit taking after surge above $90 a barrel: SocGen

Both JPMorgan and Morgan Stanley named energy stocks as among their top plays.

Energy Stocks Climb As Oil Prices Shoot To New 2023 High—And Banks Say There's More Room To Grow

U.S. oil output from top shale-producing regions is on track to fall for a third month in a row in October to the lowest level since May 2023, the U.S. Energy Information Administration (EIA) said in its monthly Drilling Productivity Report on Monday.

US oil output from top shale regions set to fall in October -EIA

Oil prices climbed for a third consecutive session Monday to mark a fresh high for the year on continued bets for tighter global crude supplies. “Taming the current bullishness will likely rest on non-OPEC production – especially U.S. shale – showing a stronger response to higher prices and lifting global supply,” said Robbie Fraser, manager, global research & analytics at Schneider Electric.

U.S. oil futures settle at a fresh high for the year

Oil markets look overbought but fundamentals remain bullish.

News for Invesco Dynamic Oil & Gas Services ETF ETF (PXJ)