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

Bulls enjoy the strong rally in the oil markets.

Natural Gas, WTI Oil, Brent Oil Forecasts – WTI Oil Breaks The Psychological $90.00 Barrier

US oil prices climbed above $90 a barrel on Thursday for the first time in 10 months, threatening to push gasoline prices even higher and heat up inflation across the economy.

In a bad omen for inflation, US oil prices top $90 a barrel for the first time this year

US crude oil prices jumped above the $90 a barrel level for the first time in 10 months. Crude oil prices are up 12% year-to-date and are up 40% from their March low of $64 a barrel.

CHART OF THE DAY: US crude oil tops $90 a barrel for the first time in 10 months

Oil markets were bullish during the session on Thursday again, as inflation and production issues continue.

Crude Oil Price Forecast – Crude Continues to Show Strength

OPEC on Thursday sharply criticized the IEA's forecast that demand for fossil fuels like coal, oil and gas will peak before the end of the decade.

‘Extremely risky': OPEC criticizes IEA forecast that fossil fuel demand will peak before 2030

The Organization of the Petroleum Exporting Countries (OPEC) said on Thursday data-based forecasts do not support the International Energy Agency's (IEA) projection that demand for fossil fuels would peak in 2030.

OPEC says IEA estimate of peak fossil fuel demand by 2030 not 'fact-based'

Oil prices jumped on Thursday, with U.S. crude topping $90 a barrel, as expectations of a tighter supply grew.

U.S. crude oil prices top $90 a barrel for the first time since November 2022

The U.S. crude-oil benchmark was approaching the $90-a-barrel threshold for the first time since November early Thursday, lifted by continued concerns over the outlook for tight global crude supplies.

U.S. crude-oil benchmark presses toward $90 a barrel

Gas prices are nearing a record high for this time of year, and they are likely to rise a few cents in the coming week due to rising wholesale prices. But some relief may be coming.

Gas prices will inch higher next week before offering drivers relief, experts say

Oil prices rebound as Brent and WTI firm on supply constraints and demand forecasts, despite an unexpected U.S. crude inventory rise.

Oil Prices Forecast: Brent, WTI Futures Boosted by Supply Shortfalls

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Oil prices edged higher on Thursday, after dipping slightly in the previous session, as markets refocused on expectations of tight crude supply for the rest of 2023.

Oil prices tick up as markets zoom in on supply tightness

Oil prices settled lower on Wednesday, shaking off earlier gains fueled by a forecast from the International Energy Agency for potential global supply deficit in the fourth quarter. The latest U.S. inflation reading ran on the “hot side,” especially on the core figure, which will “bolster the case for a ‘higher for longer' Fed policy rate outlook, said Tyler Richey, co-editor of Sevens Report Research.

Oil futures end lower as demand worries outweigh forecasts for supply deficit

Oil traders take some profits off the table near multi-month highs.

Natural Gas, WTI Oil, Brent Oil Forecasts – Oil Markets Pull Back After EIA Report

Domestic oil production increased from 12.8 million bpd to 12.9 million bpd as producers reacted to higher prices.

Crude Inventories Increased by 4 Million Barrels, Exceeding Analyst Expectations

The crude oil market rallied a bit during the trading session on Wednesday, as we continue to see upward pressure on crude oil overall.

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

In its monthly report, the Paris-based International Energy Agency said that cuts from Saudi Arabia and other members of the Organization of the Petroleum Exporting Countries have taken 2.5 million barrels a day of crude off the market since January. The cuts have largely been offset by record supply coming from the U.S. and Brazil, with non-OPEC supply up 1.9 million barrels a day.

Oil prices extend rise on supply worries

OPEC+ maintaining current supply cuts through year-end coupled with a positive demand backdrop in Asia could push Brent prices above $100 per barrel before 2024, analysts at Bank of America Global Research said.

OPEC+ cuts, firm demand in Asia to lift Brent above $100/bbl by year-end -BofA

ARM Holdings PLC

When the Bureau of Labor Statistics reports August consumer price index (CPI) data Wednesday morning, the results are expected to show that inflation hawks and inflation doves both got it right.

Wednesday's Action: CPI, Oil Inventories, Arm IPO Pricing

Kuwait Oil Company's first offshore exploratory and drilling operations for oil and gas are expected to end in 2026, the state-owned firm's chief geologist said.

Kuwait Oil's first offshore drilling expected to end in 2026

The US is "playing with fire" as its oil reserves drop to a 40-year low at a time when crude prices are surging, Larry McDonald warned in a post on X.

The US is 'playing with fire' as oil reserves plunge to a 40-year low, markets guru Larry McDonald says

The International Energy Agency expects a significant supply shortfall for the rest of this year and says low inventories could lead to market volatility.

Saudi Oil Cuts Set to Keep Gasoline Prices Higher

The extension of supply cuts by OPEC+ to the end of 2023 will lock in a substantial market deficit through the fourth quarter, the International Energy Agency (IEA) said on Wednesday, as it stuck by its estimates for demand growth this year and next.

OPEC+ cuts to tighten oil market sharply in fourth quarter, says IEA

Brent futures and WTI crude surge, echoing OPEC's bullish demand outlook and tighter global oil inventory projections.

Oil Prices Forecast: Supply Concerns Push Futures Near 10-Month High

Oil prices edged higher on Wednesday, hovering at a new 10-month high hit the previous day, as expectations of tighter global supply and fears of supply disruption in Libya outweighed concerns of slower demand in some countries such as China.

Oil prices hover near 10-month high on supply concerns

Crude oil prices surged to a 10-month high Tuesday after the Organization of the Petroleum Exporting Countries (OPEC) and the U.S. Energy Information Administration (EIA) released reports predicting that surging demand and recent price gains could stick through the remainder of the year. The price for November deliveries of Brent crude, the global benchmark, surged 2% to as high as $92.40 per barrel in Tuesday trading.

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