NYSEARCA:PXJ

Invesco Dynamic Oil & Gas Services Etf ETF News

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$41.89
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At Close: Jun 05, 2026
The improving demand outlook in U.S. and China, as well as the recent drone attacks on Russian refineries, serve as the key bullish catalysts for oil markets.
U.S. oil production will grow to exceed 14 million barrels per day and then plateau, ConocoPhillips CEO Ryan Lance forecast on Tuesday.
Crude oil markets were rather quiet during the early hours of Tuesday, which is actually a very bullish sign considering that we have recently broken out. In other words, nobody's looking to sell.
Oil prices fluctuate with Russian supply strategy and Fed's rate decision impacting the balance between global supply and demand.
As oil prices dip in anticipation of the Fed's interest rate decision, market eyes are locked on potential shifts in global energy dynamics.
Oil prices edged down early on Tuesday after gaining in the previous trading session, due in part to the prospect of rising supply from Russia as well as the possibility of slower-than-expected downst
Oil futures headed close to a five-month high on Monday (March 18, 2024) after Ukrainian drone attacks on Russian energy infrastructure sent crude prices to their highest levels since end-October.
Oil markets are moving higher as traders bet on rising demand from China.
Oil prices spiked last week, gaining 3% to near four-month high, buoyed by rising demand forecasts by the International Energy Agency, geopolitical tensions and domestic market dynamics.
The oil markets initially rallied during the session on Monday but have given back some of the momentum as New York got on board.
Oil futures rose early Monday, finding support as continued attacks by Ukraine on Russian energy facilities were estimated to have idled a significant chunk of Russia's refining capacity.
With Natural Gas hitting a pivotal $1.83 amidst market shifts and rising oil prices, investors face a critical decision point on their holdings.
Oil prices ticked up in early Asian trading on Monday, firming up gains from last week when prices rose nearly 4% on the view that supply was tightening.
IEA predicts stronger oil demand; U.S. refinery surge cuts stockpiles; geopolitical issues threaten supply stability.
The bullish technical picture provides additional support to oil prices.
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