Invesco Oil & Gas Services ETF (PXJ) News Today

Invesco Oil & Gas Services ETF (NYSEARCA: PXJ): PXJ shares increased as oil markets saw slight gains from bullish technical reversals and a rising geopolitical risk premium, though concerns over demand and persistent oversupply capped further upside.

• Positive Sentiment: Oil prices edged higher in early Friday trading as markets assess the potential for a broader consolidation range. Crude Oil Price Forecast – Crude Slightly Positive in Early Friday Session
• Positive Sentiment: Crude oil extended a bullish reversal, breaking above key levels and targeting higher resistance zones within a broader downtrend. Crude Oil Price Forecast: Extends Bullish Reversal, Buyers Push Toward Key Resistance
• Positive Sentiment: Oil markets gained ground on a rising geopolitical risk premium ahead of a forthcoming statement on Russia negotiations. Natural Gas, WTI Oil, Brent Oil Forecasts – Oil Moves Higher Amid Rising Geopolitical Risk Premium
• Neutral Sentiment: Oil prices held steady between their 50- and 200-day moving averages as traders focus on OPEC+ supply, fading U.S. demand, and Russia-India flows. Oil News: 50/200-Day Moving Averages Guide Oil Outlook Ahead of OPEC Meeting
• Neutral Sentiment: Natural gas and oil prices remained range-bound as traders weigh the IEA’s surplus outlook against ongoing geopolitical risks and seasonal demand. Natural Gas and Oil Forecast: IEA Surplus Outlook vs. Geopolitical Risks
• Neutral Sentiment: Citi expects oil prices to stay supported through the quarter before softening into year-end as oversupply begins to exert downward pressure. Oil prices should soften into year end as oversupply begins to exert impact, says Citi
• Neutral Sentiment: Volatility surged in Chinese crude and fuel oil futures after U.S. sanctions on Yangshan port raised concerns over physical deliveries. Volatility surges on China oil futures after US sanctions Yangshan port
• Neutral Sentiment: WTI crude is consolidating between $62.55 and $65.12, while Brent displays triangle compression pointing to potential moves toward $68.37 or $65.55; natural gas eyes resistance at $3.04. Natural Gas and Oil Forecast: Price Compression in Brent Points to $68.37 or $65.55 Move
• Negative Sentiment: Oil prices fell on demand concerns as the U.S. summer demand peak ends, despite a weekly gain, amid uncertainty over Russian supply. Oil prices fall on demand concerns, but headed for weekly gain
• Negative Sentiment: Crude markets remain noisy with a serious oversupply issue capping upside potential. Crude Oil Price Outlook – Crude Oil Continues to Bounce Around
• Negative Sentiment: Summer demand fading post-Labor Day and resumed Russian flows signal downside risk below the 200-day moving average. Oil News: Summer Demand Fades, Russian Crude Returns—Bearish Signal for Oil Futures
• Negative Sentiment: Saudi Arabia may cut October crude prices to Asia from five-month highs amid ample supply and weaker demand. Saudi Arabia may cut October oil prices to Asia from five-month highs