PXJ / Crude Oil Price Forecast – Crude Oil Markets Continue Consolidation

For investors seeking momentum, Invesco Dynamic Oil & Gas Services ETF PXJ is probably on radar. The fund just hit a 52-week high and is up about 76.6 more_horizontal

Oil prices dipped in early trade on Thursday for the third straight session after data showed an unexpected, large build in U.S. crude stocks last wee more_horizontal

Oil prices rose in early Asian trade on Monday after U.S. leaders reached a tentative debt ceiling deal, possibly averting a default in the world's la more_horizontal

Decreasing U.S. inventories, Saudi warning to speculators, and excessively bearish positions raise prospects of supply constraints and OPEC+ cuts. more_horizontal

Oil prices edged up on Monday on a softer dollar and supply cuts from Canada and OPEC+ producers, while investors waited to see if a pledge by the Gro more_horizontal

Crude oil markets have pulled back a bit during the trading session on Thursday, as we continue to see a lot of noisy behavior to say the least. more_horizontal

Crude oil markets rallied on Monday as we continue to recover significantly after the massive selloff last week. more_horizontal

Crude oil markets have fallen a bit during the early hours on Wednesday, showing a potential drop coming to fill a gap. more_horizontal