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

Crude oil's breakdown from a major triangle pattern suggests a deeper decline ahead, potentially reaching 43.66, with key resistance levels at 72.24 and 72.71.

Crude Oil Price Forecast: Drops Below Key Support, Eyes Deeper Decline

China's economic problems and the potential return of Libyan exports put significant pressure on oil markets.

Natural Gas, WTI Oil, Brent Oil Forecasts – WTI Oil Dives 5% On Demand Worries

Artificial intelligence could hurt oil prices over the next decade by boosting supply by potentially reducing costs via improved logistics and increasing the amount of profitably recoverable resources, Goldman Sachs said on Tuesday.

AI likely to weigh on oil prices over the next decade, Goldman says

Both West Texas aand Brent were down on investor jitters about weakening demand and a possible supply boost.

Oil Gives Up This Year's Gains. China and OPEC Spur the Drop.

The crude oil market has fallen hard in the early hours of Tuesday, as the markets continue to see a lot of volatility, and of course concerns as it now looks like the Chinese demand dropping is being priced in.

Crude Oil Price Forecast – Crude Oil Drops Hard in The Early Hours

Crude oil prices fell to a fresh seven-month low and U.S. stock indexes slumped, as lingering concerns about global economic growth weighed on commodity and equity prices alike.

Oil Prices Hit 2024 Low And Stocks Fall: Potentially Rocky September Kicks Off

OPEC+ delegates have indicated that the producers' group is still planning to increase oil output in October, sources told Reuters. Manufacturing in China, meanwhile, fell to a six-month low in August

U.S. crude oil erases nearly all gains for 2024 as China manufacturing contracts, OPEC output hike looms

Oil futures fell Tuesday as U.S. traders returned from a three-day holiday weekend, with weak economic data from China, the world's largest crude importer, overshadowing continued supply disruptions from Libya.

Oil prices slide as weak China data overshadows Libya supply disruptions

Oil prices drop as China's weak demand overshadows supply issues in Libya. Bearish outlook as OPEC+ boosts production and U.S. demand hits seasonal lows.

Oil News: Bearish Outlook as Weak China Demand Outweighs Libya Supply Disruptions

Can OPEC+ production cuts counterbalance China's demand slowdown? Natural gas and oil prices remain on the edge.

Natural Gas and Oil Forecast: Will OPEC+ Production Boost Trigger a Market Reversal?

Brent oil prices slid in Asian trade on Tuesday as concern about a sluggish economy in China bringing down demand outweighed the impact of a blockade of oil production facilities in Libya.

Oil prices fall as weak demand overshadows Libya blockade

Oil markets are moving higher as traders focus on the political dispute in Libya.

Natural Gas, WTI Oil, Brent Oil Forecasts – Oil Rebounds As Libya's Exports Remain Halted

OPEC oil output fell in August to its lowest since January, a Reuters survey found on Monday, as unrest that disrupted Libyan supply added to the impact of ongoing voluntary supply cuts by other members and the wider OPEC+ alliance.

OPEC August output falls to lowest since January on Libya, survey finds

The oil markets bounced in general in thin holiday trading on Monday, but at this point in time, the markets are essentially “stuck”, as there are so many different external forces being pressed upon them.

Crude Oil Price Forecast – Crude Oil Continues to Look Stuck in a Range

Oil prices fall as Saudi Arabia considers cutting October crude prices for Asia amid weak demand, while OPEC+ prepares to boost production.

Oil News: Crude Prices Slide as Saudi Arabia Eyes October Price Cuts

Top oil exporter Saudi Arabia is expected to cut prices for most of the crude grades it sells to Asia in October after Middle East benchmark Dubai slumped last month, industry sources said on Monday.

Saudi Arabia may cut crude oil prices for Asia in October

OPEC+ supply increase and sluggish U.S. demand weigh on natural gas and oil prices. Discover the key levels to watch.

Natural Gas and Oil Forecast: Will Bearish Momentum Continue With Weak U.S. Demand?

Oil prices extended losses on Monday with investors weighing higher OPEC+ production from October against a sharp drop in output from Libya amid sluggish demand in China and the U.S., the world's two biggest oil consumers.

Oil extends losses on prospect of higher OPEC+ supply

Supply cuts in Libya and Iraq may support oil prices, but demand worries and OPEC+ plans could limit gains. Read the full oil market analysis now.

Oil News: Will Supply Disruptions in Libya and Iraq Propel Prices Higher Next Week?

Oil markets are under strong pressure ahead of the weekend.

Natural Gas, WTI Oil, Brent Oil Forecasts – Oil Tests Weekly Lows Amid Demand Concerns

Oil prices fell in August, raising uncertainty over whether major oil producers will gradually pare back voluntary crude production cuts as planned starting on Oct. 1.

Why Libya could bolster OPEC+ plans for oil production

U.S. stocks traded mixed midway through trading, with the Dow Jones falling around 90 points on Friday.

Crude Oil Down Over 2%; US Core PCE Prices Rise 0.2% In July

The crude oil market has been going sideways overall for the last 18 months, and despite the fact that the week was fairly negative, the reality is that nothing has changed in this market.

Crude Oil Weekly Price Forecast – Crude Oil Continues to Consolidate

Oil futures headed lower on Friday, on track to post losses for a second month in a row, with concerns over weaker demand offsetting support from a disruption of crude output in Libya that stemmed from a standoff over leadership of the country's central bank.

Oil set for monthly decline as demand worries offset Libya supply disruptions

Analysts have lowered their 2024 oil price outlook due to weak fuel demand from leading importer China and rising inventory levels as Saudi Arabia and OPEC+ allies prepare to ease some output cuts from October, a Reuters poll found.

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