Invesco Oil & Gas Services ETF (PXJ) News Today

Invesco Oil & Gas Services ETF (NYSEARCA: PXJ) has seen its share price decrease amid broad weakness in oil markets. Rising supply, demand concerns in the U.S., and mixed technical signals have weighed on crude futures, which in turn pressures oil services equities. PXJ offers investors exposure to companies providing drilling, production and support services to the energy sector. The fund trades below its 50-day moving average of $26.02 but above its 200-day average of $24.58, with a 12-month trading range of $19.38 to $31.00.

• Positive Sentiment: U.S. crude inventories fell by 9.3 million barrels, tightening supply and offering some upside support for oil services activity. Natural Gas and Oil Forecast: Crude Inventories Drop 9.3M Barrels, Sentiment Mixed
• Positive Sentiment: Crude oil recovered after an early drop, testing the top of a long-running consolidation, hinting at renewed bullish momentum if resistance holds. Crude Oil Price Outlook – Crude Oil Recovers After Dropping
• Positive Sentiment: California regulators’ steps to halt the oil industry exodus may bolster refining and services demand in the state. California Wants to Halt Oil Industry Exodus After Years of Climate Focus
• Neutral Sentiment: Crude oil is holding a wedge breakout but must sustain above its 50-day moving average to confirm further gains. Crude Oil Price Forecast: Holds Wedge Breakout as 50-Day Test Looms
• Neutral Sentiment: Fed rate cuts and tightening U.S. inventories partly support prices, while lingering geopolitical risks and mixed signals keep oil markets in a holding pattern. Natural Gas and Oil Forecast: Fed Cut, Inventory Swings and Geopolitical Risks Weigh
• Negative Sentiment: Oil retreated as a drop in the geopolitical risk premium and signs of rising Middle East and Russian supply eased market fears. Natural Gas, WTI Oil, Brent Oil Forecasts – Oil Retreats As Traders Focus On Rising Supply
• Negative Sentiment: Crude futures slid on demand worries and an uptick in U.S. inventories, as OPEC’s production plans and the Fed’s rate cut failed to bolster near-term sentiment. Oil News: Crude Oil Futures Slide as Demand Concerns Weigh on Oil Outlook
• Negative Sentiment: Prices were largely unchanged as concerns over U.S. fuel demand overshadowed the Federal Reserve’s first rate cut of the year. Oil little changed as demand concerns overshadow US rate cut buoyancy
• Negative Sentiment: Oil pulled back despite the Fed’s interest rate cut, indicating limited stimulus impact on energy markets. Natural Gas, WTI Oil, Brent Oil Forecasts – Oil Pulls Back Despite Fed Rate Cut
• Negative Sentiment: Weak U.S. fuel demand and a jump in distillate stockpiles kept crude futures below their 50-day moving average. Oil News: Outlook Clouded by Weak U.S. Fuel Demand and Distillate Stockpile Jump