Schlumberger

Baker Hughes Co

Halliburton

ChampionX

TechnipFMC

Cactus

Noble Corp PLC

Weatherford International PLC

Transocean

VanEck Vectors Oil Services ETF

OIH tracks a market-cap-weighted index of 25 of the largest US-listed, publicly traded oil services companies.

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

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

Oil prices, affected by OPEC+ decisions and China's economic outlook, lead to a decrease in Brent crude and WTI, impacting the global oil market.

Natural Gas and Oil Analysis: Market Reacts to OPEC+ Cuts and China's Demand

Oil futures fell Wednesday morning, on track for a fifth straight losing session, as traders continued to look through additional OPEC+ production cuts, while industry data showed a rise in U.S. crude supplies.

Oil prices on track for fifth straight loss ahead of inventory data

U.S. gasoline prices are the lowest they have been since January and by Christmas could fall below $3 a gallon for the first time since 2021, analysts said, which should boost consumer confidence during the holiday shopping season.

US gasoline pump prices at 11-month low in time for holiday shopping

Oil prices decline amid stronger U.S. dollar with OPEC+ voluntary output cuts, China demand concerns and rising U.S. inventories contributing.

Oil Prices Forecast: WTI, Brent Hit Multi-Month Lows Amid OPEC+ Doubts

Oil prices fell in Wednesday Asian morning trading as markets continue to doubt the impact of OPEC+ cuts and take cues from a worsening demand outlook in China.

Oil prices fall on China concerns, scepticism on OPEC+ cuts

Oil futures on Tuesday stretched their losses into a fourth consecutive session, pulling U.S. prices to their lowest settlement since early July. “The OPEC+ decision was a clear disappointment last week due to both the underwhelming amount of additional [oil] output curbs and the voluntary nature of the 2024 policy cuts,” said Tyler Richey, co-editor at Sevens Report Research.

U.S. oil futures drop to a 5-month low

Crude oil markets initially fell during the trading session on Tuesday, but found support at the very bottom of the recent consolidation area.

Crude Oil Price Forecast – Crude Oil Markets Attempting to Find a Floor

Oil futures on Tuesday threatened to extend their losing streak to a fourth session, extending a decline attributed in part to skepticism over the ability of OPEC+ to deliver on additional production cuts early next year.

Oil prices edge lower after 3-day losing streak

Despite OPEC+'s production cuts, oil prices reflect demand concerns and market skepticism.

Oil Prices Forecast: OPEC Cuts Amid Global Tensions

Oil prices held steady on Tuesday amid uncertainty over voluntary output cuts by OPEC+ and as continued tension in the Middle East spurred supply concern.

Oil prices steady amid OPEC+ cut doubts, Mid-East tension

Oil futures on Monday posted a third-straight session decline, with U.S. prices settling at their lowest since mid-November. Oil prices have remained under pressure on concerns over slowing demand, as well as some skepticism that the OPEC+ output cuts will hold, and the fact that U.S. production continued to break new records, said Michael Hewson, chief market analyst at CMC Markets UK.

U.S. oil futures settle at lowest since mid-November

The crude oil markets have fallen rather hard during the trading session on Monday, as it looks like they are trying to price in the idea of a global recession.

Crude Oil Price Forecast – Crude Oil Markets Pricing In Recession

Oil futures fell Monday, building on a decline last week that came after a round of voluntary production cuts announced by OPEC+ left traders skeptical about compliance.

Oil prices drop 1% as doubts linger over OPEC+ production cuts

Oil futures fall due to skepticism over OPEC+ cuts, global demand doubts, U.S. production rise, China's economy, and bearish short-term outlook.

Oil Prices Forecast: OPEC+ Cuts, Global Demand in Focus Amid Renewed Geopolitical Tensions

Oil futures rose on Monday as geopolitical tension in the Middle East returned to focus, spurring concerns about supply from the region, but uncertainty over OPEC+ voluntary output cuts and global fuel demand growth clouded the sector's outlook.

Oil climbs as Mideast tension back in focus

Oil prices fell amid OPEC+ cut announcements and enforcement doubts, with market skepticism setting a bearish tone, yet compliance may shift outlook.

Oil Prices Forecast: Skepticism Shadows OPEC+ Production Cuts

Oil futures finished lower on Friday for a second session in a row. Traders looked to a decision by OPEC+ to cut production further in the first quarter with skepticism.

Oil futures mark back-to-back losses with traders skeptical of OPEC+ output cuts

The U.S. Department of Energy has sped up the return of 4 million barrels of oil to the Strategic Petroleum Reserve, from a previous exchange of crude to energy companies, as it seeks to replenish the stockpile after a record drawdown last year, it said on Friday.

US speeds up return of oil to Strategic Petroleum Reserve -Energy Dept

Today's article explores OPEC's motivations for cutting oil production by 1 million barrels per day, and why those goals contrast with those of net crude oil-importing nations.

Decoding What OPEC Wants

OPEC+ production cuts, which were announced on Thursday, did not provide support to oil markets.

Natural Gas, WTI Oil, Brent Oil Forecasts – Oil Retreats Ahead Of The Weekend

Crude oil markets were all over the place during the course of the trading week, as we try to sort out what we are going to do next. All things being equal, this is a situation where I think you have buyers coming back into the market, but not enough.

Crude Oil Weekly Price Forecast – Crude Oil Markets Continue To Chop Sideways

At COP28, policymakers, experts, scientists, advocates, farmers, young people, and passionate eaters will come together to guide the world forward.

For Global Leaders At COP28, It's Time To Turn Talk Into Action

Crude oil markets have been all over the place over the last couple of days, as we continue to bounce around in a well-defined consolidation region.

Crude Oil Price Forecast – Crude Oil Markets Continue To Show Volatility

Energy Select Sector SPDR Fund

The price of WTI and Brent crude fell despite another production cut from OPEC. The cut was expected and helps keep the oil market in a tight balance, so this looks like a buy-the-rumor-sell-the-news event.

Energy traders sell the OPEC news; a rebound is coming

EOG Resources

Murphy Oil

Suncor Energy

While OPEC's latest cut failed to buy oil prices, there is a significant opportunity to be had for investors who are willing. We suggest buying stocks like SU, EOG and MUR.

News for VanEck Vectors Oil Services ETF ETF (OIH)