Baker Hughes Co

TechnipFMC

Halliburton

Schlumberger

Patterson-UTI Energy

Kodiak Gas Services Inc

Select Energy Services

Archrock

Cactus

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

The dollar is down after U.S. Treasury yields fell to a two-week low. A weaker greenback tends to drive up demand for dollar-denominated crude oil.

Oil Price Fundamental Daily Forecast – Steady-to-Better on Weaker Dollar as Fed Rate Hike Fears Ease

Crude oil markets have fallen rather hard during the week, as we are threatening a further breakdown in pricing.

Crude Oil Weekly Price Forecast – Crude Oil Markets Have Rough Week

Energy Select Sector SPDR Fund

Energy futures for crude oil, refined products and natural gas have plummeted in the new year as traders reconsidered near-term worries over cold weather and fears of supply shortages and dumped contracts.

Whiplash: energy markets start 2023 with biggest weekly dive in years

Aggressively raising interest rates will bring the U.S. economy closer to a recession that will likely lead to lower crude oil demand.

Oil Price Fundamental Daily Forecast – Market Could Drop Sharply on Strong NFP Data

Oil futures ticked slightly lower Friday, on track for big losses in a holiday-shortened week as investors fretted over China's COVID wave and uncertainty over the global economic outlook as central banks continue to tighten monetary policy.

Oil slips, on track for big weekly loss

Oil prices rose around 1% on Friday, extending gains from the previous trading session after data showed lower fuel inventories following a winter storm that hit the United States at the year end.

Oil prices extend gains on lower U.S. fuel inventories

U.S. oil futures finished higher on Thursday, recouping some of the losses they suffered during a two-session decline. “It's been a few decades since oil had this bad of a start [to a new year] and energy traders jumped all over the news that the Colonial Pipeline had to halt operations after a leak occurred,” said Edward Moya, senior market analyst at OANDA.

U.S. oil futures end higher after a 2-session drop in prices

Helping to underpin WTI and Brent crude oil is a shutdown of a U.S. fuel pipeline while economic concerns are capping gains.

Oil Price Fundamental Daily Forecast – Losses Limited by US Pipeline Shutdown ahead of EIA Inventories Report

Oil futures rose Thursday, bouncing after suffering a two-day rout to begin 2023 on fears of a global economic slowdown and surging COVID cases in China.

Oil prices bounce after 2-day rout

Crude prices bounced back on the back of a slightly weaker dollar.

Oil Rebounds After Biggest New Year Drop in Three Decades

Oil prices rebounded on Thursday after opening the year down more than 9%, the worst yearly start in over three decades, as investors took advantage of the decline to buy futures on expectations long-term fuel demand will remain steady.

Oil prices rebound after opening the year with steep losses

Higher rates could lift the U.S. Dollar, making commodities priced in the U.S. currency more expensive for foreign buyers of crude oil.

Crude Oil Price Update – Closed on Weakside of Retracement Zone at $74.78 – $76.09

Oil demand will grow as China recovers after ditching strict COVID policies, and the US undergoes only a shallow recession, says Eurasia Group.

Oil will jump 28% in 2023, with another energy crunch set to push prices higher, Eurasia Group says

U.S. oil futures on Wednesday marked their lowest settlement in more than three weeks, pressured by ongoing worries about the outlook for global economic growth, which can lead to lower demand for oil. Data from the Energy Information Administration due out Thursday is also expected to reveal a weekly rise in U.S. crude inventories, with analysts polled by S&P Global Commodity Insights forecasting an increase of 4.5 million barrels, on average.

U.S. oil futures log lowest finish in more than 3 weeks

Natural gas moved towards the $4.20 level. Gold tested resistance at $1865.

WTI Oil Drops 4.5% On Demand Worries

A hawkish Federal Reserve could slow the economy and hamper fuel consumption, putting additional pressure on crude oil prices.

Oil Price Fundamental Daily Forecast – Hawkish Fed Minutes Could Lead to Further Weakness

Oil and coal prices should continue to climb in 2023, given recovering demand in China and emerging markets across the globe, according to UBS. With front-month Brent crude futures currently around US$80 a barrel, the price is forecast by the Swiss investment bank to rise above US$100 in coming months and stand around US$110 at mid-year and year end.

Oil and coal prices forecast to climb in 2023 – UBS

Oil futures fell Wednesday morning, extending a slide that analysts tied to fears over the outlook for global growth and surging COVID cases in China.

Oil extends slide on worries over global growth outlook

The IMF says a third of the global economy will be in recession this year, a bad sign for energy demand.

Oil Prices Fall on Concerns the Global Economy Is Weakening

Oil prices held their ground on Wednesday after tumbling in the previous session as markets braced for minutes from the U.S. Federal Reserve's December policy meeting.

Oil steady after last session's slump as Fed minutes awaited

The catalysts behind WTI crude oil's steep decline were weak demand data from China, a gloomy economic outlook and a stronger U.S. Dollar.

Crude Oil Price Update – Major Challenge for Bullish Traders at $76.09 – $74.78

Oil futures declined on Tuesday, with U.S. prices settling at their lowest in two weeks. The drop comes as recession fears are mounting, with the International Monetary Fund expecting one third of the world economy to go into a recession, while New York Fed President William Dudley says a U.S. economic downturn is likely.

U.S. oil futures settle at a 2-week low as recession fears bite

Natural gas declined towards the $4.00 level. Gold tested resistance at $1850.

WTI Oil Drops 3.5% Amid Demand Worries

The crude oil markets have pulled back a bit during the trading session on Tuesday, as we have seen more volume enter the market.

Crude Oil Price Forecast – Crude Oil Markets Selloff to Kick Off the Year

Oil futures traded lower Tuesday to kick off the new year, reflecting continued worries that surging COVID-19 cases in China will crimp demand from one of the world's largest energy consumers.

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