Baker Hughes Co

TechnipFMC

Schlumberger

Halliburton

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

Mounting fears of a recession in the US and China cast a shadow on oil demand growth

Oil Price Forecast: WTI Slides as Supply and Economic Fears Intensify

Oil futures declined on Friday, with U.S. prices losing almost 2% for the week. “Besides contending with the prospects of a recession, oil prices were met with a barrage of bearish signals this week: growing U.S. crude inventories, the higher-than-expected U.S. jobless claims, China's still uneven recovery, as well as with the imminent resumption of Iraq's oil exports,” said Han Tan, chief market analyst at Exinity Group.

Oil futures finished lower for the session, with U.S. prices down nearly 2% for the week

Oil markets are under strong pressure as traders stay focused on recession risks.

Natural Gas, WTI Oil, Brent Oil – WTI Oil Moves Towards $70

The crude oil markets have stabilized a bit during this past week, after having such a volatile week during the previous one. Because of this, we may see an attempt to recover.

Crude Oil Weekly Price Forecast – Crude Oil Markets Stabilize for the Week

Crude oil markets initially pulled back during the trading session on Friday but then turned around to show signs of life yet again.

Crude Oil Price Forecast – Crude Oil Markets Find Buyers on Dips

Oil futures rose early Friday, but remained on track for a fourth straight weekly fall, dogged by worries over the economic outlook.

Crude-oil prices on track for 4th straight weekly decline

Oil futures finished lower for a second straight session Thursday as traders continued to weigh the outlook for energy demand. U.S. “debt ceiling drama will eventually play a larger driver for oil prices, but right now whatever downside we are seeing with prices appears to be limited,” said Edward Moya, senior market analyst at OANDA.

Oil futures down a second session as traders eye demand prospects

Oil markets are down by more than 2% amid recession worries.

Natural Gas, WTI Oil, Brent Oil – Oil Retreats As Initial Jobless Claims Rise

Supply disruptions in Iraq and Nigeria caused OPEC to pump less oil in April, further straining an already tight oil market.

OPEC's Output Slipped in April Ahead of Saudi-Led Cuts

The Organization of the Petroleum Exporting Countries on Thursday left its outlook for growth in world oil demand unchanged at 2.3 million barrels a day, with a small rise for China offset by slight declines for other regions.

OPEC leaves 2023 forecast for oil-demand growth unchanged

Oil futures edged lower early Thursday, after snapping a string of winning sessions following data that showed a rise in U.S. crude inventories.

Oil edges lower after U.S. crude snaps 3-day winning streak

Oil prices rise on positive US fuel demand data, but concerns over US interest rates could cap gains.

Oil Price Forecast: Edging Higher as US Fuel Demand Boosts Market Confidence

U.S. oil futures settled with a loss on Wednesday after the Energy Information Administration reported the first weekly gain in U.S. crude supplies in four weeks. June West Texas Intermediate crude CLM23 fell $1.15, or 1.6%, to settle at $72.56 a barrel on the New York Mercantile Exchange.

U.S. oil futures end lower after a surprise weekly rise in U.S. crude supplies

Oil is trading near session lows as traders react to the EIA report.

Natural Gas, WTI Oil, Brent Oil – Oil Markets Decline After The Recent Rebound

The U.S. continues to sell oil from the Strategic Petroleum Reserve, which is bearish for oil markets in the near term.

WTI Oil Pulls Back Towards $72 As Crude Inventories Exceed Expectations

Crude oil markets initially pulled back just a bit during the trading session on Wednesday, only to find buyers again as we see an attempt to recover.

Crude Oil Price Forecast – Crude Oil Markets Continue to Attempt a Recovery

Oil futures fell Wednesday, under pressure after data from an industry trade group showed a rise in U.S. crude inventories. Official government data is due Wednesday morning.

Oil prices lower after industry data shows rise in U.S. crude inventories

Investors remain cautious as US crude inventory increase suggests lower demand and await US CPI figures, wary of potential future Fed rate hikes.

Oil Price Forecast: Surprise API Crude Inventory Increase Hints at Weaker Demand Ahead of CPI Data

U.S. oil futures gave up early declines to finish higher on Tuesday. Oil prices saw a real turnaround on reports that the Biden administration planned to buy back oil for the U.S. Strategic Petroleum Reserve as soon as maintenance and repair work were completed, said Phil Flynn, senior market analyst at The Price Futures Group.

U.S. oil futures shake off early declines to finish higher

Chinese imports declined by 7.9% year-over-year in April.

Natural Gas, WTI Oil, Brent Oil – Oil Rebounds As Traders Shrug Off Weak Chinese Imports Data

Crude oil markets had a rather stagnant day during the trading session on Tuesday. Therefore, the bear market bounce may be coming to an end.

Crude Oil Price Forecast – Crude Oil Markets Stall

Oil futures fell early Tuesday, giving up some ground regained in back-to-back winning sessions as traders weighed data on Chinese crude imports.

Crude-oil prices fall after back-to-back gains

A higher US consumer price index may reduce hopes for an end to the aggressive tightening campaign by the Federal Reserve, capping oil prices.

Oil Price Forecast: Investors Cautious Ahead of US Inflation Figures

U.S. oil futures settled with a gain on Monday, tacking on nearly 3% for the session. Much of the support for oil started Friday with the U.S. jobs data, which came in “bullish relative to market expectations,” said Robbie Fraser, manager, global research & analytics at Schneider Electric.

U.S. oil futures finish higher after dropping over 7% last week

Oil markets continue to rebound as traders bet that U.S. will not fall into recession.

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