Baker Hughes Co

TechnipFMC

Halliburton

Schlumberger

Patterson-UTI Energy

Kodiak Gas Services Inc

Select Energy Services

Archrock

Core Laboratories

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

With a presidential election set for November, polls indicate there is about a 50/50 likelihood of a Donald Trump victory. That outcome would signal a return to some form of the “drill, baby, drill” days of 2017-2019, during which US oil and gas producers raised overall production by 2 million barrels of oil per day over one 12-month period.

November's Election Could Bring A Return To Oil Market Volatility

Oil futures rose Thursday, finding support as worries about the outlook for U.S. economic growth faded, though concerns remain about fuel demand as the summer travel season gets under way.

Oil prices rise as worries about economic outlook fade

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

Gold and oil made gains on Wednesday 5 June as weaker preliminary job data from the USA raised hopes that the Federal Reserve (‘the Fed') might cut its funds rate twice before the end of the year.

Major Commodities Gain Ahead of the NFP

Oil prices climb as traders anticipate a rate cut from the Federal Reserve in September, boosting demand prospects.

Crude Oil News Today: Weak Short-Covering Rally Fueled by Fed Rate Cut Hopes

Oil prices dropped 4% this week despite hopes for a Fed rate cut to boost demand. Will recovery follow?

Natural Gas and Oil Forecast: Oil Exhibits 4% Weekly Drop; Recovery Ahead?

Oil rose in early Asian trading on Thursday on rising expectations the Federal Reserve will cut interest rates in September, and as the market rebounded from a selloff related to growing U.S. inventories and an OPEC+ plan to increase supply.

Oil rises on strengthening Fed rate cut expectations

Oil markets are moving higher as traders react to the EIA Weekly Petroleum Status Report.

Natural Gas, WTI Oil, Brent Oil Forecasts – WTI Oil Rebounds From Multi-Month Lows

United States Copper Index Fund

iPath Bloomberg Copper Subindex Total Return ETN

Some commodities can serve as barometers of economic activity, and the recent sharp declines in diesel, crude oil, and copper prices, along with signs of a demand slowdown in recent weeks, hint at a U.S. economy that has been struggling.

Plummeting oil, diesel, and copper prices signal economic stress. Here's why.

Crude oil bounced a bit in the early hours of Wednesday, as the market probably has got a little overdone to the downside. At this point, I would anticipate a bit of a bounce in a market that has oversold.

Crude Oil Price Forecast – Crude Oil Attempts to Recover on Wednesday

Oil futures rebounded slightly after a sell-off this week pushed prices to four-month lows. The sell-off came after eight OPEC+ members announced plans to increase production starting in October of this year.

Oil prices rise but hover near four-month low on proposed OPEC+ supply increase later this year

Oil futures ticked lower early Wednesday, feeling pressure after industry data showed an unexpected rise in U.S. crude inventories and a larger-than-expected increase in gasoline stocks.

Oil prices edge lower after industry data shows rise in U.S. crude, gasoline stocks

Oil prices have defied the announcement of extended supply cuts from the OPEC+ alliance with brisk declines. Oil prices bowed below $80 barrels per day despite this prospect of market tightness, with the Ice Brent contract with August expiry at $77.59 at 11:14 a.m.

Oil market 'oversold'? Analysts and traders pin crude's price plunge on demand, trading strategies

Oil prices fell by over 1% as OPEC+ announced a supply boost, sparking market volatility and impacting natural gas trends.

Natural Gas and Oil Forecast: Oil Prices Dip Over 1% Amid OPEC+ Supply Boost

Oil prices extended losses slightly from the previous session in early Asian trading on Wednesday after an industry report showed builds in U.S. crude and fuel stockpiles, adding to concerns around demand growth.

Oil slips for sixth consecutive day on big builds in US oil, fuel stocks

WTI crude oil continued its decline, hitting a new low of 72.73, with key support levels between 72.12 and 71.38 in focus.

Crude Oil Price Forecast: Drops to New Lows, Eyes Key Support

The recent OPEC+ decision triggered a strong sell-off in the oil markets.

Natural Gas, WTI Oil, Brent Oil Forecasts – Oil Tests New Lows Amid Demand Worries

A group of Democratic U.S. Representatives asked the Justice Department in a letter on Tuesday to probe "potential antitrust conspiracies" among U.S. oil producers and the OPEC oil production group.

US lawmakers ask Justice Department to probe allegations of collusion between OPEC, oil companies

The recent decline in oil prices is not a sign that the U.S. economy is heading for a recession — with the downward trend instead considered positive for stocks, according to DataTrek Research.

Why oil's recent drop is not a recession signal — and good news for stocks

GraniteShares Gold Shares

Invesco DB Precious Metals Fund

Aberdeen Standard Gold ETF Trust

Global X Silver Miners ETF

Amplify Junior Silver Miners ETF

Aberdeen Standard Physical Silver Shares ETF

iShares Silver Trust

iShares MSCI Global Silver Miners ETF

Jim Wyckoff has spent over 25 years involved with the stock, financial and commodity markets. He was a financial journalist with the FWN newswire service for many years, including stints as a reporter on the rough-and-tumble commodity futures trading floors in Chicago and New York.

Gold, silver see sharp losses amid crude oil downdraft

The crude oil market fell yet again on Tuesday, as the markets continue to price in the idea that the economy is falling apart. It will be interesting to see how this plays out, but at this point, it also seems that the market is getting “cheap.”

Crude Oil Price Forecast – Crude Oil Continues to Fall

Solid price pressure on gold, silver as crude oil slumping

OPEC oil output rose in May, a Reuters survey found on Tuesday, as higher exports from Nigeria and Iraq offset the impact of ongoing voluntary supply cuts by some members agreed with the wider OPEC+ alliance.

OPEC oil output rises in May, led by Nigeria, Iraq, survey shows

U.S. crude oil has erased most gains for the year and is now up just under 2% in 2024. In a surprise move, eight OPEC+ producers laid out a plan to phase out 2.2 million bpd in production cuts starting in October.

U.S. crude oil extends losses, fall below $73 per barrel on OPEC+ increasing supply

ConocoPhillips

Chevron

Exxon Mobil

The OPEC announcement over the weekend was widely seen as a plan to add back production from members' current coordinated cuts.

Exxon, Chevron, Conoco Stocks Extend Declines Along With Oil Prices

Oil futures fell Tuesday, extending a slide that took crude to its lowest close in four months in the previous session triggered in part by OPEC+'s decision to begin unwinding some production cuts later this year.

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