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

(Kitco News) - The WTI crude oil price has fallen 40 percent from their peak of $123 per barrel in March, but don't expect them to keep falling, said Josh Young, CIO of Bison Investments. Young, who spoke to David Lin, Anchor and Producer at Kitco News, claimed that oil prices will keep rising in 2023.

Higher oil prices are coming in 2023, European energy crisis is not over - Josh Young

U.S. oil futures settled lower on Thursday, down a fifth straight session, but an oil leak that led to a shutdown of the Keystone Pipeline and talk of a potential buyback of oil to refill U.S. reserves helped to limit price losses. The White House said in October that the Biden administration intends to repurchase oil for the Strategic Petroleum Reserve when prices are at or below $67 to $72.

U.S. oil futures settle lower, but speculation of SPR refills emerge

Despite occasional hiccups, energy companies like Occidental Petroleum (OXY), Hess Corporation (HESS) and Marathon Petroleum (MPC) see solid gains in 2022.

U.S. Oil Prices Drop on Rising Gasoline, Distillate Supplies

Oil futures headed higher on Thursday, looking to recoup recent losses that pulled prices a day earlier to their lowest levels in nearly a year.

Oil prices rise a day after settling at their lowest in nearly a year

Global oil prices have tumbled more than 20% as the threat to production from the G7 Russia price cap has receded allowing traders to refocus on the deteriorating outlook for consumption.

Column: Oil prices slump as receding price-cap threat unmasks worsening demand

The crude oil market has rallied a bit during the trading session on Thursday to show signs of life, but at this point I think we've got more of a “fade the rally” type of situation.

Crude Oil Price Forecast – Crude Oil Markets Continue to Attempt to Push Back

Anyone who has filled up the tank of their car this year will be aware of the rollercoaster ride that the price of oil has been on. I published analysis earlier this year about the key role that oil plays regarding the stock market and recessions.

Oil closes at 2022 low, so why are oil stocks still rising?

Tanker delays are a potentially bullish development because they could lead to supply bottlenecks.

Oil Price Fundamental Daily Forecast – Traders Eyeing Tanker Delays off Turkey

Oil prices steadied in early Asian trade on Thursday after sinking to their lowest level this year as U.S. production and gasoline inventories ticked up at the same time concerns grew that economic slowdowns would weaken fuel demand.

Oil prices steady after hitting 2022 lows

Crude oil weakness was just the cherry on the top of a sell-off driven by concerns over weakened worldwide growth, partly due to high energy costs.

Crude Oil Price Update – Crushed by Greater than Expected Rise in Gasoline, Distillate Stockpiles

U.S. oil futures fell by 3% on Wednesday, with losses in the energy sector led by sharp declines in futures prices for petroleum products. The Energy Information Administration reported Wednesday that domestic crude-oil supplies fell last week, but supplies of gasoline and distillates climbed.

U.S. oil futures end lower, with energy market losses led by a drop in petroleum product prices

The disconnect between gains in energy stocks and the slump in crude oil prices suggests that something has to give. Energy market analysts say oil prices are more likely to rise than stocks are to fall.

The crude-oil rally of 2022 has flamed out. Still, these investors expect more gains for oil and gas stocks

Multiple articles are coming out on the divergence between oil stocks and the price of oil.

What to Make of Falling Oil Prices, Rising Energy Stocks

Crude oil markets have initially fallen during the trading session on Wednesday, but as you can see, we have turned around to show signs of life again.

Crude Oil Price Forecast – Crude Oil Markets Balance

U.S. crude stocks fell in the latest week while gasoline and distillate inventories posted big builds, as oil refiners' utilization climbed to the highest since 2019, the Energy Information Administration said on Wednesday.

U.S. crude stocks drop; fuel stocks post large builds -EIA

The Energy Information Administration on Wednesday reported that U.S. crude inventories fell by 5.2 million barrels for the week ended Dec. 2. On average, analysts forecasted a decline of 2.6 million barrels, according to a poll conducted by S&P Global Commodity Insights.

EIA reports a weekly drop in U.S. crude supplies, product stocks rise

Western officials are in talks with Turkish counterparts to resolve oil tanker queues off Turkey, a British Treasury official said, after the G7 and European Union rolled out new restrictions on Dec. 5 aimed at Russian oil exports.

Western officials in talks with Turkey over oil tanker delays -UK

Oil futures headed higher on Wednesday, as China's rollback of some COVID-19 measures boosted the outlook for energy demand and traders awaited a report from the U.S. government that's expected to show a weekly decline in domestic crude inventories.

Oil prices rise ahead of official data on U.S. petroleum supplies

A new report from Enverus Intelligence Research (EIR) warns of a return to $100 prices for crude oil during 2023, amid tight supplies and rising costs in America's shale oil and gas industry.

Report: Expect A Return Of $100 Oil In 2023

Traders are blaming the weakness on concerns about recession and easing fears that the cap on Russian oil prices would lead to a supply shortage.

Oil Price Fundamental Daily Forecast – Lower as Recession Fears Offset New COVID Easing in China

US West Texas Intermediate oil futures tanked 3.5% to their lowest settlement price this year at $74.25 a barrel, while international Brent crude futures settled 4% lower at $79.35 a barrel.

Days after the EU's $60/barrel price cap kicked in, oil prices slump to pre-Ukraine war levels over economic uncertainty

Oil prices were mixed in early Asian trade on Wednesday after falling to their lowest settlement levels this year as economic uncertainty and the prospect of higher interest rates pressured prices.

Oil opens mixed as economic fears pressure prices

The greenback strengthened into the close on bets of higher rates by the Fed, making dollar-denominated oil more expensive for foreign buyers.

Crude Oil Price Update – Strong Dollar Pushing Market into Major Value Zone at $72.31 – $63.73

Brent, the international benchmark grade, dropped 4% to $79.35, marking its first time below $80 since January.

Oil Falls Below $80 as 'Panic' Over Demand Grows

Oil futures fell sharply on Tuesday, with U.S. prices marking at their lowest price of the year. The oil market is “moving in fear that the Federal Reserve is going to drive the economy into a recession,” said Phil Flynn, senior market analyst at The Price Futures Group.

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