Invesco Oil & Gas Services ETF

PXJ

Market cap $25.9M

The crude oil market continues to see a lot of negativity, as we are looking to test a major support level in both grades of oil in this analysis. At this point, the markets are showing that there could be a serious lack of global trade being seen.

Floating storage and global stocks point to a rising oil glut. Here's why WTI could probe the low $50s before any meaningful rebound.

WTI and Brent remain under pressure as the IEA warns of a 2026 supply glut and traders await signs of demand recovery.

Oil prices dipped on Monday, pressured by worries over a global glut as escalating U.S.-China trade tensions added to concerns about an economic slowdown and weaker energy demand.

Oil fell in the early Asian session, weighed down by prospects of a market surplus.

WTI crude futures end lower as oversupply concerns mount. Analysts warn of deeper declines if oil demand stays weak and key support breaks.

Oil futures recover slightly on Friday, but bearish sentiment lingers with the 50-day below the 200-day and supply pressures mounting.

Lipow Oil Associates President Andy Lipow discusses President Donald Trump's efforts to halt India from buying Russian oil and explains his outlook for global oil supplies on ‘The Claman Countdown.'

Sam Margolis, Wells Fargo oil and gas analyst, joins 'Power Lunch' to discuss Margolis' thoughts on oil stocks, what's driving retail gasoline prices and much more.

Oil markets are moving higher as traders focus on Trump's comments about tariffs.