ConocoPhillips

EOG Resources

Marathon Petroleum

Phillips 66

Diamondback Energy

Hess

Texas Pacific Land Trust

Valero Energy

Devon Energy

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

IEO tracks a market cap weighted index of companies in the U.S. oil and gas exploration and production space according to Dow Jones.

United States Brent Oil Fund LP

Invesco DB Oil Fund

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

VanEck Vectors Oil Services ETF

iPath Pure Beta Crude Oil ETN

Invesco Dynamic Oil & Gas Services ETF

ProShares Ultra Bloomberg Crude Oil

United States Oil Fund LP

SPDR S&P Oil & Gas Exploration & Production ETF

Crude oil markets tried to rally early during the trading session on Thursday, but gave back gains very quickly. While they could be setting up for a short-term bounce, this shows just how weak they really are.

Crude Oil Price Forecast – Crude Oil Markets Continue to Look Weak

A meeting by major oil producers on Sunday will lack the element of surprise, two months after an unexpected decision to implement deeper production cuts led to a temporary rally in U.S. prices to their highest level of the year.

For oil traders, OPEC+ meeting won't hold element of surprise

Oil futures fell Thursday, kicking off June with a decline as investors awaited official U.S. inventory data after industry figures showed a large rise in crude stocks.

Oil falls after industry data shows rise in crude inventories

OPEC and its allies are unlikely to deepen supply cuts at their ministerial meeting on Sunday despite a fall in oil prices toward $70 per barrel, four sources from the alliance told Reuters.

OPEC+ unlikely to deepen oil supply cuts at June 4 meeting, sources say

Surging U.S. crude oil inventories, unexpected gasoline growth dampen sentiment, sparking worries about China's manufacturing and oil demand.

Oil Price Forecast: Bearish Sentiment Persists with Weaker Demand, Surplus Supply

Oil prices dipped in early trade on Thursday for the third straight session after data showed an unexpected, large build in U.S. crude stocks last week, triggering fears of an oversupply amid signs of weaker Chinese demand, too.

Oil falls after large surprise build in US crude stocks

OPEC has not invited Reuters or Bloomberg news agencies to report on ministerial meetings in Vienna this weekend to discuss future oil policy, according to reporters, Bloomberg and an OPEC source on Wednesday.

OPEC has not invited Reuters, Bloomberg to report on weekend policy meets

iShares U.S. Oil & Gas Exploration & Production ETF offers a unique set of holdings and an impressive dividend yield of 4.5%. The ETF is heavily correlated to oil prices and has a large concentration of upstream companies, making it more volatile than its peers. Due to uncertainty in oil prices and the potential impact of interest rate hikes, I rate IEO a Hold.

IEO: Finding Opportunity In Upstream Companies

A slide in crude oil prices has weighed on the Club's three energy holdings.

OPEC+'s mixed messages, recession fears make it too early to buy the dip on our oil stocks

Oil futures fell on Wednesday, with U.S. prices ending at their lowest in more than 10 weeks. The potential fallout from the U.S. debt-ceiling debacle and rising odds of a June interest-rate hike both “weighed on oil as the former influence would be a broader riskoff market event, while the latter would further reduce already waning optimism for a soft economic landing this year,” analysts at Sevens Report Research wrote in Wednesday's newsletter.

U.S. oil futures settle at lowest since March

Oil markets tested multi-week lows as traders reacted to the disappointing China Manufacturing PMI report.

Natural Gas, WTI Oil, Brent Oil – Oil Is Under Pressure As China Data Disappoints

Demand has been falling, along with oil stocks. The Energy Select Sector SPDR ETF dropped 8.6% in the past month.

Oil Prices Sink as Investors Bet Against OPEC Cut

The Organization of the Petroleum Exporting Countries with Russia and other allies, or OPEC+, meet on June 4 to discuss whether additional oil production cuts should be implemented.

Will OPEC+ announce more output cuts? Analysts have their say

U.S. field production of crude oil rose in March to 12.696 million barrels per day, the highest since March 2020, when the coronavirus pandemic began to decimate global energy demand, Energy Information Administration data showed on Wednesday.

US crude output rises in March to highest since March 2020 - EIA

The Organization of the Petroleum Exporting Countries (OPEC) and its allies, including Russia, are known as OPEC+ and will meet in Vienna, Austria, on June 4 to discuss their joint output policy.

Factbox: What is OPEC+ and how does it impact oil prices?

OPEC oil output fell in May after Saudi Arabia and other members of the broader OPEC+ alliance made voluntary output cuts to support the market, a Reuters survey found on Wednesday, although increases elsewhere in the group limited the decline.

OPEC oil output falls in May after voluntary cuts - Reuters survey

The following table shows crude output by the Organization of the Petroleum Exporting Countries (OPEC) in millions of barrels per day (bpd) in May and April, according to a Reuters survey published on Wednesday.

OPEC oil output falls 460,000 bpd in May - Reuters survey

The crude oil markets have fallen rather hard early during the trading session on Wednesday, as the market has broken below the $68 level in the WTI grade, and the $72 level in the Brent market.

Crude Oil Price Forecast – Crude Oil Continues to Plunge

OPEC+ meets this weekend with oil prices sagging lower. Meanwhile, energy stocks dropped early Wednesday, with CVX and XOM both slumping.

OPEC+ Meeting: No Crude Production Change Seen Even As Oil Prices Fall

Oil futures slumped early Wednesday after weak economic data out of China underlined worries about demand from one of the world's largest crude importers.

Oil slumps after weak China manufacturing data

The oil price remained under pressure on Wednesday hit by concerns about the strength of the global economy and ahead of a key meeting on Sunday with mixed messages on production coming from two leading players. The price of Brent crude was down a further 2.2% on Wednesday to $72.11 while West Texas Intermediate declined 2.3% to $67.91.

Oil price extends falls ahead of key Opec+ meeting

Oil prices will creep up from current levels as major producer group OPEC+ maintains restrictions on supplies, but economic headwinds will keep them below $90 a barrel this year, a Reuters poll showed on Wednesday.

Economic fears to cap oil prices below $90 through 2023

WTI crude oil prices drop on China's weak data, US debt bill impact, and OPEC+ uncertainty

Oil Price Forecast: China's Weak Economic Data Weighs on WTI Oil

Oil prices edged up on Wednesday after steep losses in the prior session, as market participants awaited an expected vote on a bipartisan deal to lift the $31.4 trillion U.S. debt ceiling.

Oil edges up after steep losses ahead of US debt ceiling vote

US oil prices dropped below $70 a barrel Tuesday on concerns about whether the debt ceiling deal will make it through Congress and on reports of tensions between Saudi Arabia and Russia ahead of a key OPEC+ meeting.

News for iShares U.S. Oil & Gas Exploration & Production ETF ETF (IEO)