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 slipped in early trade on Friday but were on track for gains of more than 6% for the week on solid signs of demand growth in top crude oil importer China and expectations of less aggressive interest rate hikes in the United States.

Oil heads for solid weekly gain on China demand hopes

Oil futures tallied a sixth straight session climb on Thursday, their longest streak of gains since February. Prices extended their gains after posting a loss last week, “helped by the weakness in the U.S. dollar and optimism that a more benign inflation outlook will help to mitigate concerns over a sharp slowdown in the coming months,” said Michael Hewson, chief market analyst at CMC Markets UK.

U.S. oil futures log longest streak of session gains since February

Natural gas continues to rebound as forecasts indicate that weather may turn colder from January 23.

Natural Gas, WTI Oil, Brent Oil – Oil Markets Move Higher After CPI Data

Crude oil markets had a slight rally on Thursday, as the CPI numbers in America came out as anticipated.

Crude Oil Price Forecast – Crude Oil Markets Have Slight Rally on Thursday

Oil futures rose early Thursday, finding continued support on optimism over prospects for increased crude demand from China's reopening of its economy after lifting COVID restrictions, while awaiting U.S. inflation figures that will be watched for clues to how aggressive the Federal Reserve will be as it continues to raise interest rates.

Oil prices lifted on China optimism as traders await U.S. inflation data

Morgan Stanley expects the oil market to tighten during the third and fourth quarter of 2023, supported by a recovery in demand prompted by China reopening its borders among other factors.

Tight supply to support oil prices in H2, Morgan Stanley says

Lower inflation should drive down Treasury yields and the U.S. Dollar, making dollar-denominated WTI crude oil more attractive to foreign buyers.

Crude Oil Price Update – Favorable US CPI Data Could Trigger WTI Surge into $80.23

Oil prices rose in early trade on Thursday, building on gains in the previous session as China's demand outlook improves and concerns rise over the impact of sanctions on Russian supply.

Oil rises on China demand optimism, Russian supply concerns amid sanctions

Oil futures climbed on Wednesday, with U.S. prices up a fifth consecutive session. “Hopes of a strong rebound in Chinese oil demand, fears surrounding the coming [Group of Seven] price cap on Russian refined products, and a weakening dollar is providing support to oil prices this week,” said Troy Vincent, senior market analyst at DTN.

U.S. oil futures tally a 5th straight session gain

U.S. strategic oil reserve levels dropped to new lows, providing significant support to oil markets.

Natural Gas, WTI Oil, Brent Oil – Oil Markets Rally After EIA Report

At some point, the U.S. will have to refill reserves, which will be bullish for oil markets.

U.S. Strategic Oil Reserves Fall To 1983 Lows

Crude oil markets have rallied a bit during the session on Wednesday as we continue to see a significant attempt to bottom this market out.

Crude Oil Price Forecast – Crude Oil Markets Continue to Fight

Oil futures edged higher Wednesday as investors attempted to gauge China's demand outlook, and industry data showed a surge in U.S. crude inventories.

Oil edges higher as traders weigh U.S. inventory jump, China demand

Crude oil inventories rose by 14.865 million barrels, American Petroleum Institute (API) data showed late Tuesday.

Oil Price Fundamental Daily Forecast – API Reports Huge Unexpected Inventory Build Ahead of EIA Data

Oil prices fell on Wednesday, erasing the previous session's gains, after industry data showed an unexpected build in crude and fuel inventories in the United States, the world's biggest oil user, which reignited worries about fuel demand.

Oil slips as U.S. crude, fuel inventories reignite demand concerns

U.S. shale oil, which has been critical to keeping pace with growth in global oil demand for the last decade, is running short of the "top rock" that has supported the sector's high output in the past. Shale production is expected to continue to grow but at a slower rate.

The Disappearance Of Good Rock Worries Oil Markets

Oil futures finished higher on Tuesday, with U.S. prices up a fourth straight session. Crude prices gained “as economic optimism grows for not just China, but also the Eurozone,” said Edward Moya, senior market analyst at OANDA.

Oil futures finish higher, with U.S. prices up a fourth straight session

Natural gas markets moved towards multi-month lows as demand is expected to remain low in the upcoming days.

Natural Gas, WTI Oil, Brent Oil – China Demand Hopes Push Oil Markets Higher

Early in the session, crude oil prices are likely to be influenced by comments from U.S. Federal Reserve Chairman Jerome Powell.

Oil Price Fundamental Daily Forecast – Hawkish Fed Chair Powell Could Dent Demand Outlook

Oil futures rose Tuesday, finding support as investors continue to monitor China's reopening and look for more clues to the size and speed of Fed rate hikes.

Oil pushes higher as traders monitor China reopening, interest rates

West Texas Intermediate, the U.S. benchmark, is down 7% to $74.63 this year. But the Energy Select Sector SPDR Fund (XLE) is up 3.3%.

Oil Stocks Are Up While Oil Slumps. Here's Why.

Oil prices fell on Tuesday ahead of a speech by US Federal Reserve chair Jerome Powell, where he could confirm further interest rate hikes for the world's largest consumer. Both Brent crude oil and West Texas Intermediate (WTI) saw declines as anticipation grows over potential recessions in major economies as rising interest rate hikes threaten to stem demand.

Oil price down on interest rate fears

Two Fed officials on Monday reiterated calls for higher borrowing costs.

Oil Falls After Fed Signals Further Determination to Lift Interest Rates

Oil prices were little changed on Tuesday, giving up some of the gains from the previous session, as traders awaited clarity on the Federal Reserve's plans for rate hikes to gauge the impact on the economy and fuel demand.

Oil steady as clarity on Fed rate hike awaited

U.S. oil futures settled higher for a third session in a row on Monday, with the gains a “function of increasing optimism for consumer demand in China, as the government is rapidly abandoning COVID restrictions and reopening the economy,” said Tyler Richey, co-editor at Sevens Report Research. Meanwhile in the U.S., “rates markets are pricing in a lower ‘terminal rate' for the [Federal Reserve's policy rate this year, largely thanks to the soft wage print in Friday's jobs report.

News for VanEck Vectors Oil Services ETF ETF (OIH)