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

Crude oil markets have rallied again during the day on Wednesday, as we continue to see the recovery play out.

Crude Oil Price Forecast – Crude Oil Markets Continue to Recover

Oil futures moved higher early Wednesday, with concerns about tight supplies continuing to provide support, analysts said.

Oil trades higher as supply worries provide lift

Prices are up more than 10% since last week because concerns over tight supplies are outweighing fears that a recession may slow demand.

Oil Price Fundamental Daily Forecast – Bulls Focusing on Tight Supplies Ahead of EIA Reports

Oil prices fell on Wednesday after rising in the previous three sessions but losses were limited on the view that global supply tightness will continue as there is limited room for major producers such as Saudi Arabia to boost production.

Oil prices take breather after three-day rally

Checking in on the oil trade … Luke Lango's latest forecast for the crypto market … a “coast to coast” housing correction is coming … a risky setup in public pensions Oil investors have gotten nailed in recent weeks. As you can see below, after having topped $120 a barrel in early June, West Texas.

Is the Oil Trade Done?

Oil futures finished higher for a third consecutive session on Tuesday, with the U.S. crude benchmark settling at its highest price since mid-June. "The easing of China's zero-COVID policy helped oil to the third day of gains following a decent correction in recent weeks," said Craig Erlam, senior market analyst at OANDA.

Oil gains for a third straight session, with U.S. prices at their highest since mid-June

Crude oil markets had a slightly bullish session on Tuesday as we continue to see the market grind a little bit higher.

Crude Oil Price Forecast – Crude Oil Markets Continue to Grind to the Outside

Investors are switching focus from demand worries to supply constraints as top OPEC producers pump close to capacity and Chine lifts COVID curbs.

Oil rises, with WTI topping $110, as supply pressures build and G7 moves ahead on Russian price cap

Oil futures rose Tuesday, lifted as doubts over the ability of Saudi Arabia and the United Arab Emirates to significantly boost output and unrest in Ecuador and Libya put supply worries back in the spotlight.

Oil futures rise as supply fears move back into spotlight

Crude prices are rising for a third session on concern that global supplies are still tight and demand will stay firm.

Oil Prices Extend Gains as China Eases Covid Quarantine Rules

French President Macron told U.S. President Biden on the sidelines of the G7 meeting that the UAE was producing at maximum capacity

Oil Price Fundamental Daily Forecast – Underpinned by Producer Capacity Limits, Political Unrest

OPEC+ is scheduled to meet later this week. However, additional output is unlikely as the group is expected to stick to the plan announced last month.

Crude Oil Price Update – Trading Firm as Energy Demand Worries Ease

"You're going to have to replace that gas, and oil is going to be one of the [things] to replace it with," said Goldman's top commodities strategist.

Goldman Sachs sees oil prices rising 22% this summer as Europe eyes switch to crude from gas amid Russian supply cutoff

Oil futures rose on Monday to score a second gain in a row, with the U.S. crude benchmark settling at its highest price in almost a week. Upbeat U.S. economic data helped to ease worries about a potential slowdown in energy demand as the Group of Seven nations was set to announce an agreement to implement a price cap on Russian oil.

Oil futures log a second gain in a row

Crude oil markets initially fell during the Monday session but turned around to show signs of life again. Ultimately, this is a market that looks as if it's in the midst of recovery.

Crude Oil Price Forecast – Crude Oil Markets Continue to Build Momentum

G7 countries will try to develop a mechanism that limits the price of Russian oil, and some traders believe that Russia's response will push oil prices higher.

WTI Oil Price Prediction – Traders React To Discussions Of Price Cap For Russian Oil

Oil futures ticked higher early Monday, as traders monitored talks by Group of Seven nations on additional moves aimed at targeting Russian crude.

Oil ticks higher as G-7 weighs price cap on Russian crude

Crude prices have been wavering between upward pressure from supply constraints and downward pressure from concern that the global economy is weakening.

Oil Prices Inch Up as G-7 Considers Price Cap for Russian Crude

Prices for spot crude in much of the world are rising on strong demand and a supply crunch, but in the oil futures market, worries of a recession have kept a lid on values.

Analysis-Spot crude surges while futures slip; rate hikes spook speculators

Traders are expecting OPEC and its allies to stick with its plan for accelerated oil output increases in August when it meets on June 30.

Crude Oil Price Update – Tight Range as Traders Hope G7 Provides Catalyst for Next Move

Oil prices slipped more than $1 a barrel on Monday as global economic concerns depressed the oil demand outlook while investors eyed the G7 meeting this week for possible moves on Russian oil exports and a revival of the Iran nuclear deal.

Oil slides more than $1 as G7 debate Iran nuclear deal, Russia

Analysts at Bank of America laid out scenarios where Brent crude oil prices could hit $75, $102, and $150 per barrel.

Oil prices could slump to $75 a barrel in a recession — or jump to $150 if European sanctions slam Russian supplies, BofA says

Oil futures settled higher on Friday, with U.S. prices recouping much of the losses they suffered on the back of recession concerns over the last two trading sessions. Prices, however, still posted a decline for the week, the second weekly decline in a row.

U.S. oil futures end higher after back-to-back session declines

Despite rising concerns over recession, the price action suggests traders still expect to see high demand and tight supply throughout the summer.

Crude Oil Price Update – Boosted by Strong Stock Market Performance, Tight Supplies

Crude oil markets have fallen during most of the week, only to turn around and find plenty of support.

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