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 crude oil markets have initially pulled back during the trading session on Friday but continue to see buyers trying to support this market.

Crude Oil Price Forecast – Crude Oil Markets Hanging Onto an Uptrend

Crude oil prices fell further after U.S. business activity contracted for the first time in nearly two years in July, raising concerns over demand.

Oil Price Fundamental Daily Forecast – Recession Fears Rise as US Business Activity Contracts

Oil futures traded lower early Friday, on track for weekly losses after further evidence demand for gasoline is faltering, allowing U.S. inventories of the fuel to build in the middle of summer driving season.

Oil heads for weekly loss as gasoline demand falters

Oil prices were roughly unchanged in early trading on Friday after sliding around 3% in the previous session on weakened demand in the United States, the world's top oil consumer, and a pick-up in supply from Libya.

Oil prices steady after sharp declines on weak U.S. demand

Oil futures fell sharply on Thursday, with U.S. prices settling at their lowest in a week. Crude prices tumbled as energy traders reassessed the short-term demand outlook "given the disappointing summer driving season and as the U.S. economy starts to show further signs it is quickly weakening," said Edward Moya, senior market analyst at OANDA.

Oil prices settle at their lowest in a week

Oil futures fell sharply on Thursday, extending a decline seen after a counter-seasonal rise in U.S. gasoline inventories reflecting falling demand.

Oil down sharply as falling gasoline demand allows fuel inventories to rise

The sell-off is being driven by a rise in gasoline inventories according to government data and returning energy supply from Libya and Russia.

Oil Price Fundamental Daily Forecast – Pressured by Low Demand Fears Amid Rising Supply

The damage to consumer demand from gasoline at $5 a gallon was apparent in an unexpected build in weekly US fuel inventories.

Oil slides 4% as US gasoline demand shows signs of dropping off right in the middle of the summer driving season

Oil prices fell on Thursday for a second straight session, as demand concerns outweighed tight global supply after U.S. government data showed tepid gasoline demand during the peak summer driving season.

Oil prices edge lower as demand concerns outweigh tight supply

Much has been written about the strong dollar, which has been bolstered by rising interest rates and a flight to safety amid recession concerns and weakness in Europe. A strong dollar has far-reaching implications for earnings, trade, and commodities priced in dollars, including oil.

Dollar Strength a Contributing Factor in Oil Price Pullback

U.S. gasoline inventories rose 3.5 million barrels last week, far exceeding analysts' forecasts in a Reuters poll for a 71,000-barrel rise.

Crude Oil Price Update – Edging Lower on Disappointing Gasoline Demand

Oil futures ended with a loss on Wednesday, pulling back after posting gains in each of the last three trading sessions. The Energy Information Administration on Wednesday reported a 400,000-barrel weekly fall in U.S. crude supplies, even as 5 million barrels of oil supplies were released from the Strategic Petroleum Reserve.

Oil prices end lower after a 3-session climb; natural gas rallies

Traders fear that raising rates too aggressively could drive the global economy into recession, leading to lower demand and lower prices.

Oil Price Fundamental Daily Forecast – Traders Expecting EIA to Report 2.1 Million Barrel Build

Oil futures pulled back Wednesday as investors awaited an official read on U.S. petroleum inventories after industry data showed a rise in crude and gasoline stocks.

Oil futures pull back ahead of U.S. supply data

Oil prices fell slightly in early Asian trade on Wednesday, pressured by global central bank efforts to tame inflation and ahead of expected builds in U.S. crude inventories as product demand weakens.

Oil falls on inflation concerns, anticipated stock builds

Trader reaction to the short-term pivot at $99.69 is likely to determine the direction of September WTI crude oil futures early Wednesday.

Crude Oil Price Update – Main Trend Changes to Up on Trade Through $102.00

The American Petroleum Institute reported late Tuesday that U.S. crude supplies rose by 1.9 million barrels for the week ended July 15, according to sources. The API data also reportedly showed a weekly inventory climb of 1.3 million barrels for gasoline and a supply decline of nearly 2.2 million barrels for distillates.

API data reportedly show a weekly rise in U.S. crude supplies

Oil futures finished higher on Tuesday, shaking off earlier losses as concerns over the Organization of the Petroleum Exporting Countries' inability to significantly raise production and talk of more U.S. restrictions on fossil fuels created an environment for higher oil prices, said Phil Flynn, senior market analyst at The Price Futures Group. Some expectations for a bigger interest-rate hike by the European Central Bank on Thursday led to strength in the euro, pressuring the dollar and helping to boost dollar-denominated prices of oil, he said.

Oil prices settle higher, supported by signs of tighter supplies

WTI whipsawed between $100-$103.50 amid reports that Russia plans to restart gas flows to Europe via NS1 on Thursday.

Commodities Mid-Session Recap for July 19, 2022

Crude oil markets have been all over the place during the trading session on Tuesday, as we continue to see very volatile trading conditions.

Crude Oil Price Forecast – Crude Oil Markets Continue the Volatile Movement

Saudi Arabia's foreign minister said on Tuesday that he saw no shortage of oil in the market, but a lack of oil refining capacity.

Oil Price Fundamental Daily Forecast – Whipsaw Action Continues as Supply Concerns Move to Forefront

Oil futures pulled back early Tuesday, after a sharp bounce the previous session, and sank as investors assessed fears of a slowdown in economic growth versus tight crude supplies.

Oil pulls back after Monday bounce

Oil prices were little changed early Tuesday after jumping more than 5% at the start of the week as traders took advantage of a decline in the dollar to snap up futures.

Oil Prices Hold Gains After Sharp Jump on Dollar's Slide

Oil prices fell on Tuesday, taking a breather after surging more than $5 a barrel in the previous session as a plunging dollar supported buying interest and on expectations the U.S. Federal Reserve's interest rate hike may be less than thought.

Oil prices fall, taking a breather from massive surge

iShares U.S. Oil Equipment & Services ETF

Big oil services companies will start releasing their quarterly numbers from this week.

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