Baker Hughes Co

TechnipFMC

Schlumberger

Halliburton

Patterson-UTI Energy

Tidewater

Kodiak Gas Services Inc

Select Energy Services

Archrock

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

Oil markets are moving higher as traders bet on a rebound.

Natural Gas, WTI Oil, Brent Oil Forecasts – Oil Rebounds From Multi-Month Lows

U.S. energy firms this week cut the number of oil and natural gas rigs operating for the fourth time in five weeks, energy services firm Baker Hughes said in its closely followed report on Friday.

US drillers cut oil and gas rigs for fourth time in five weeks - Baker Hughes

It's worth noting that the summer travel season, of course, puts a lot of demand for petroleum.

Crude Weekly Price Forecast – Crude Oil Continues to Find Buyers Underneath

The oil markets found a little bit of support on Friday, gapping higher to kick off the session. This is a market that has been weathering a bit of a storm lately, and therefore it has proven its resolve.

Crude Oil Price Forecast – Crude Oil Continues to Find Buyers on Dips

The Organization of the Petroleum Exporting Countries (OPEC) and allies including Russia are known collectively as OPEC+ and will meet on June 2 to discuss their joint oil production policy.

What is OPEC+ and how does it affect oil prices?

U.S. crude oil hit an intraday low of $76.15, the lowest level since Feb. 26. WTI and Brent are on pace for a weekly loss of about 4% and 3%, respectively.

Oil prices hit three-month lows, head for weekly loss as summer driving season kicks off

Oil futures fell Friday morning, on track for a fifth straight decline as traders noted concerns that the Federal Reserve may keep interest rates elevated for longer than previously anticipated, posing a threat to demand if it causes a sharp economic slowdown.

Oil prices on track for 5-day losing streak

Considering the economic backdrop, the hawkish Fed and OPEC+ supply decisions, the crude oil market outlook is bearish.

Crude Oil News Today: Fed Concerns Weigh Despite Robust US Fuel Demand

With oil falling over 3% this week, market analysts question the impact of Federal Reserve policies and OPEC+ decisions.

Natural Gas and Oil Forecast: Oil Fell Over 3% This Week; More Downside Ahead?

Oil prices were steady early in the session on Friday as players took stock of the U.S. Federal Reserve's latest comments on interest rates amid sticky inflation, while firming seasonal U.S. fuel demand lent support.

Oil flat as firming US gasoline demand offsets rate jitters

WTI crude oil's lowest close since February 26 indicates weakening, with potential bearish continuation on a drop below 76.83.

Crude Oil Price Forecast: Faces Increased Selling Pressure

Oil traders worry that hawkish Fed may hurt oil demand growth.

Natural Gas, WTI Oil, Brent Oil Forecasts – Oil Tests New Lows As Traders Focus On Rising Treasury Yields

The crude oil markets bounced a bit in the early hours of Thursday, as the market continues to try to sort out whether or not we can break out of the consolidation.

Crude Oil Price Forecast – Crude Oil Continues to Consolidate in a Familiar Range

Russia, in a rare admission of oil overproduction, said overnight that it exceeded its OPEC+ production quota in April for "technical reasons", a surprise move that analysts and industry sources say shows Moscow faces challenges in curbing output.

Russia finds it challenging to keep the lid on oil output, analysts, sources say

U.S. crude oil is down 2.4% for the week while Brent, the global benchmark, is down 1.8%.

Oil prices bounce back after three-day decline but still on pace for weekly loss

Oil futures rose Thursday morning, attempting to snap a three-day losing streak as investors weigh the outlook for Federal Reserve policy and crude demand.

Oil prices attempt to snap 3-day losing streak

Given the Fed's indication of potential rate hikes and the unexpected rise in crude inventories, the short-term outlook for crude oil remains bearish.

Crude Oil News Today: Prices Pressured by Fed's Hawkish Tone, Inventory Shock

WTI and Brent crude prices fell 0.20%, prompting speculation about a potential bullish correction in the market.

Natural Gas and Oil Forecast: WTI and Brent Down 0.20%; Time for Bullish Correction?

Oil prices eased for a fourth straight day on Thursday on worries that U.S. borrowing costs could be hiked again if inflation surged, a move that could hurt oil demand.

Oil prices fall on worries of higher US interest rates

Citi Research continues to expect that OPEC+ will hold its production cuts through the third quarter of this year, it said in a note on Wednesday.

Citi research still expects OPEC+ to hold output cuts through 3rd qtr

Oil markets are moving lower amid demand worries.

Natural Gas, WTI Oil, Brent Oil Forecasts – Oil Pulls Back After EIA Report

Gasoline inventories declined by 0.9 million barrels.

Crude Inventories Rise By 1.8 Million Barrels, Exceeding Analyst Expectations

Growing global demand and the energy requirements of AI make the Energy sector an attractive investment. The Invesco Oil & Gas Services ETF offers exposure to companies in the oil and gas industry, with a focus on mid to small-cap stocks. The PXJ ETF outperforms other oil services ETFs due to its dynamic selection methodology and industry leaders exposure. However, volatility and the transition to renewable energy are potential risks.

PXJ: Right Space And Outperforming Competitors

The crude oil market has fallen a bit in the overnight trading session, as the crude oil build was higher than expected in the United States.

Crude Oil Price Forecast – Crude Testing The Low End of The Range

U.S. crude oil and global benchmark Brent are down more than 2% for the week.

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