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 shrinking discount of U.S. crude to Brent and rising Canadian oil imports this month will send more barrels to the top U.S. oil storage hub, continuing a recent supply build, oil dealers and traders said.

Shrinking U.S. exports likely to build oil stocks at Cushing storage hub

Oil futures ended sharply lower on Wednesday after government data showed an unexpected rise in U.S. crude and gasoline inventories, wiping out early gains that came after OPEC+ delivered only a small increase in its September production target. West Texas Intermediate crude for September delivery CL.1, -3.99% CLU22, -3.99% fell $3.76, or 4%, to close at $90.66 a barrel.

U.S. oil benchmark ends sharply lower after rise in crude, gasoline inventories

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

Oil prices were also hit by news of a restart to US/Iran nuclear deal talks and an OPEC+ output hike.

WTI Slumps to Fresh Five-month Lows Under $90.50 on Bearish US Inventories; Gold & Copper Flat

OPEC+ raises its production growth target by a symbolic 100,000 bpd, while U.S. crude inventories increase.

Oil Price Prediction – Oil Drops Towards New Lows

OPEC and its allies, known as OPEC+, discussed September output amid soaring energy costs.

OPEC Agrees Small Output Increase. Oil Prices Rise.

Oil futures turned lower Wednesday after government data showed U.S. crude and gasoline inventories unexpectedly rose last week. The Energy Information Administration said U.S. crude supplies were up 4.5 million barrels in the week ended July 29, while gasoline supplies rose 200,000 barrels.

Oil futures turn lower after unexpected rise in crude, gasoline inventories

Oil prices were higher Wednesday on plans from OPEC+ to increase output by 100,000 barrels per day, widely viewed as a modest bump.

Oil prices edge higher as OPEC+ announces small production increase

The world's oil-exporting countries have agreed to a tiny increase in output next month amid fears that a global recession will crimp demand.

OPEC agrees to slight increase in oil output as global recession fears persist

Oil futures moved higher Wednesday as news reports said the Organization of the Petroleum Exporting Countries its allies will approve a small output increase that's seen as largely symbolic.

Oil prices rise as OPEC+ approves small production increase

Official data from the U.S. Energy Information Administration (EIA) is expected to report a 1.4 million drawdown in crude stockpiles.

Oil Price Fundamental Daily Forecast – Market Flat Ahead of OPEC+ Output Decision, EIA Stockpiles Report

The West's energy giants are set to return a record $30 billion to investors after reporting bumper profits in the second quarter of the year following a surge in energy prices.

Big Oil offers big returns but keeps spending tight

OPEC and its allies, known as OPEC+, will discuss September output amid soaring energy costs.

Oil Prices Fall Ahead of Key OPEC Meeting

WTI crude has dropped 9% to below $97 a barrel in the last month. But energy companies will still generate a lot of cash at current prices.

Oil Prices Have Been Tanking. Why Oil Stocks Are Gaining.

Oil prices fell about 1% in early trade on Wednesday, reversing gains from the previous session ahead of a meeting OPEC+ producers on fears of a slowdown in global growth hitting fuel demand and a firmer dollar.

Oil falls on demand worries, stronger U.S. dollar

While WTI oil snapped a run above its 200-moving average, history suggests the S&P 500 energy sector could still gain in the short term.

Oil prices have dropped below a key threshold for the first time in 7 months but it doesn't spell the end for growth in energy stocks, research firm says

Oil traders are monitoring OPEC+ updates ahead of this week's meeting, while a strong buck hit sentiment in copper/gold markets.

WTI Fails Attempted Rebound Back Above 200DMA; Copper & Gold Hit by Strong Buck

Oil futures ended modestly higher Tuesday, trimming a larger intraday gain, ahead of a meeting of OPEC+ members that's not expected to see a large increase in output. West Texas Intermediate crude for September delivery CL.1, +0.62% CLU22, +0.62% rose 53 cents, or 0.6%, to close at $94.42 a barrel on the New York Mercantile Exchange.

Oil logs modest gain ahead of OPEC+ meeting

Crude oil markets have done very little during the session on Tuesday, as it looks like we are willing to settle into a short-term range at the moment.

Crude Oil Price Forecast – Crude Oil Market Shows More of the Same

Crude oil prices traded modestly higher early Tuesday following sharp losses on Monday as traders awaited an upcoming meeting of the Organization of Petroleum Exporting Countries and its allies due Wednesday.

Crude oil prices trade modestly higher after Monday's sharp decline

Trader reaction to the short-term Fibonacci level at $93.44 is likely to determine the direction of the September WTI crude oil market on Tuesday.

Crude Oil Price Update – Strengthens Over $95.05, Weakens Under $93.44

Warnings about lower demand are going to make it hard for OPEC policymakers to agree to an impressive production hike on Wednesday.

Oil Price Fundamental Daily Forecast – Global Contraction Fears, Demand Destruction Worries Weighing on Crude

Oil prices edged lower on Tuesday, extending losses from the previous session, as investors worried about global oil demand following weak manufacturing data in several countries.

Oil prices slip as weak manufacturing data stokes recession fears

Indeed, price action slumped across macro assets due to concerns about the potential US-China escalation, and risk could deteriorate quickly.

Storm clouds building over the Taiwan Strait

Weak US, Eurozone, Chinese and UK manufacturing PMI reports triggered fresh fears about a global slowdown on Monday, hurting oil.

WTI Slumps Over $4.0 To Below Its 200DMA; Weak PMI Data Darkens Demand Outlook

Crude oil markets have fallen rather hard to kick off the session on Monday, as it looks like we are running out of momentum.

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