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.

Goldman Sachs Physical Gold ETF

United States Brent Oil Fund LP

Invesco DB Oil Fund

Invesco DB Gold Fund

DB Gold Double Long ETN

SPDR Gold Trust

SPDR Gold MiniShares Trust

Direxion Daily S&P Oil & Gas Exp. & Prod. Bull 2X Shares

iShares Gold Trust

iShares Gold Strategy ETF

iShares U.S. Oil & Gas Exploration & Production ETF

VanEck Vectors Oil Services ETF

iPath Pure Beta Crude Oil ETN

VanEck Merk Gold Trust

ProShares Ultra Bloomberg Crude Oil

ProShares Ultra Gold

United States Oil Fund LP

SPDR S&P Oil & Gas Exploration & Production ETF

Oil traders are monitoring OPEC+ updates ahead of this week's meeting, while a strong buck hit sentiment in copper/gold markets.

WTI Fails Attempted Rebound Back Above 200DMA; Copper & Gold Hit by Strong Buck

Oil futures ended modestly higher Tuesday, trimming a larger intraday gain, ahead of a meeting of OPEC+ members that's not expected to see a large increase in output. West Texas Intermediate crude for September delivery CL.1, +0.62% CLU22, +0.62% rose 53 cents, or 0.6%, to close at $94.42 a barrel on the New York Mercantile Exchange.

Oil logs modest gain ahead of OPEC+ meeting

Crude oil markets have done very little during the session on Tuesday, as it looks like we are willing to settle into a short-term range at the moment.

Crude Oil Price Forecast – Crude Oil Market Shows More of the Same

Crude oil prices traded modestly higher early Tuesday following sharp losses on Monday as traders awaited an upcoming meeting of the Organization of Petroleum Exporting Countries and its allies due Wednesday.

Crude oil prices trade modestly higher after Monday's sharp decline

Trader reaction to the short-term Fibonacci level at $93.44 is likely to determine the direction of the September WTI crude oil market on Tuesday.

Crude Oil Price Update – Strengthens Over $95.05, Weakens Under $93.44

Warnings about lower demand are going to make it hard for OPEC policymakers to agree to an impressive production hike on Wednesday.

Oil Price Fundamental Daily Forecast – Global Contraction Fears, Demand Destruction Worries Weighing on Crude

Oil prices edged lower on Tuesday, extending losses from the previous session, as investors worried about global oil demand following weak manufacturing data in several countries.

Oil prices slip as weak manufacturing data stokes recession fears

Indeed, price action slumped across macro assets due to concerns about the potential US-China escalation, and risk could deteriorate quickly.

Storm clouds building over the Taiwan Strait

Weak US, Eurozone, Chinese and UK manufacturing PMI reports triggered fresh fears about a global slowdown on Monday, hurting oil.

WTI Slumps Over $4.0 To Below Its 200DMA; Weak PMI Data Darkens Demand Outlook

Crude oil markets have fallen rather hard to kick off the session on Monday, as it looks like we are running out of momentum.

Crude Oil Price Forecast – Crude Oil Markets Continue to Show Signs of Hesitation

Oil prices are proving resilient to global economic recession fears and have outperformed major equity indices and the U.S. dollar so far this year as Western sanctions on Russia further limit supplies to an already tight market.

Oil outshines stocks and dollar in 2022

Crude prices slipped Monday as China's bleak economic data and pandemic lockdowns weigh on the outlook for energy demand.

Oil prices dip as traders weigh China's downbeat economic data and new lockdowns

Both international and U.S.-based crude oil benchmarks traded lower on Monday after clinching their second straight monthly loss in July as recession fears have weighed on commodity prices.

Oil prices retreat as investors await OPEC+ meeting

Traders are positioning themselves ahead of the OPEC+ meeting on Wednesday, where the group will decide on September output.

Crude Oil Price Update – Weak China Factory Data Has Traders Targeting $95.05 – $93.44 Retracement Zone

Stocks rallied sharply in July but many investors believe it's a so-called bear market rally that can't continue.

Global stocks edge higher but oil prices fall as investors mull the economy and await earnings

Oil prices dropped early on Monday as investors braced for this week's meeting of officials from OPEC and other top producers on supply adjustments.

Oil prices slip ahead of OPEC+ meeting

Lower inventories in the United States and cuts in Russian gas flows to Europe offset concerns about weaker demand and a U.S. interest rate hike.

Oil Price Fundamental Weekly Forecast – US WTI's Big Discount to International Benchmark Brent is Supportive

"There is more upside than downside when it comes to the oil price," Shell Chief Executive Ben van Beurden said.

Oil prices will stay high as production constraints will keep supplies tight, top CEOs say

OPEC+ will consider keeping oil output unchanged for September when they meet next week, despite calls from the United States for more supply

Oil Price Fundamental Daily Forecast – Supported by Tight Supply Concerns as Demand Destruction Worries Fade

"While we do not believe the risk of recession is priced in yet in the oil price, that risk is growing," JPMorgan said about oil markets.

Oil markets haven't yet priced in the rising risk of recession, which could lead to major declines if one transpires, JPMorgan says

Oil, which only accounted for more than 1% of all U.S. exports for the first time in 2017, could one day be the nation's most valuable export.

Once Unimaginable, Oil Flirts With Being Top U.S. Export

Invesco Dynamic Energy Exploration & Production ETF

High energy prices and profitable oil-refining margins have led oil giants and Shell PLC to see record profits. Second-quarter profits for Exxon Mobil Corp. rose to $17.9 billion, while Chevron Corp. posted a profit of $11.6 billion.

High Energy Prices Lead to Record Profits For Oil Companies

Sources said OPEC+ might agree to leave production quotas unchanged in September, giving WTI a short-lived intra-day boost.

WTI Briefly Pushes Above $100 With OPEC+ In Focus, Gold Rallies As US Real Yields Dump

U.S. oil futures climbed on Friday, posting a gain for the week on tight supplies, but prices were down for the month as worries about a potential U.S. recession dulled the outlook for energy demand. Still, "with no major signs of fuel demand destruction, oil seems like it will soon find a home above the $100 a barrel mark," said Edward Moya, senior market analyst at OANDA.

U.S. oil prices settle higher for the week, down for the month

Crude oil markets have rallied a bit during the trading week, as we continue to see a lot of noisy behavior.

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