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Oil Prices Slide as U.S.-Iran Talks Ease Supply Concerns

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Sentiment: Negative ()

Oil prices slipped after Oman said talks between the U.S. and Iran were progressing, easing fears of a Middle East supply shock.

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image for news Oil Prices Slide as U.S.-Iran Talks Ease Supply Concerns
Natural Gas, WTI Oil, Brent Oil Forecasts – Oil Moves Lower Ahead Of U.S. – Iran Talks

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Sentiment: Neutral ()

Oil markets are moving lower as traders prepare for the key event of the week.

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image for news Natural Gas, WTI Oil, Brent Oil Forecasts – Oil Moves Lower Ahead Of U.S. – Iran Talks
For Europe's oil ang gas firms geopolitics is in the driving seat - analyst

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Sentiment: Positive ()

JP Morgan sees geopolitics reclaiming the driver's seat for European oil and gas equities, arguing that a higher risk premium has helped push oil prices up, and dragged energy shares …

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image for news For Europe's oil ang gas firms geopolitics is in the driving seat - analyst
U.S. Crude Oil Stockpiles Post Large Weekly Build

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Sentiment: Negative ()

Crude oil inventories rose by 16 million barrels, posting their biggest weekly increase in three years as imports rose, exports fell and refineries cut their capacity use.

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image for news U.S. Crude Oil Stockpiles Post Large Weekly Build
Natural Gas, WTI Oil, Brent Oil Forecasts – Oil Moves Lower As Iran Attempts To Reach Deal With U.S.

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Sentiment: Positive ()

Iranian officials noted that they were ready to take necessary steps to strike a deal with U.S.

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image for news Natural Gas, WTI Oil, Brent Oil Forecasts – Oil Moves Lower As Iran Attempts To Reach Deal With U.S.
Crude Oil Price Analysis – Crude Oil Continues to Look for Higher Levels

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Sentiment: Positive ()

The crude oil markets continue to see upward pressures, as traders are trying to price in potential attacks against the Iranians, and of course the demand picking up in “driving …

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image for news Crude Oil Price Analysis – Crude Oil Continues to Look for Higher Levels
Disruptive Theme of the Week: Some Surprise Winners YTD

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Sentiment: Positive ()

Market predictions are not easy to make and looking at the YTD winners, there are some head-scratchers. Let's take a closer look and make some sense out of the recent …

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image for news Disruptive Theme of the Week: Some Surprise Winners YTD
Oil pulls back as U.S.–Iran talks set to resume: Here's where negotiations stand

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Sentiment: Neutral ()

The third round of talks between the U.S. and Iran are expected to continue in Geneva on Thursday. Brent rallied to a six-month high of $71 last week, as Iran-related …

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image for news Oil pulls back as U.S.–Iran talks set to resume: Here's where negotiations stand
Oil News: Iran Talks Thursday Could Make or Break Crude Oil's Rally This Week

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Sentiment: Neutral ()

Is a $6 to $12 risk premium baked into crude oil prices? Iran talks, Goldman's outlook and key levels at $64.84 and $67.25 define this week's oil market direction.

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image for news Oil News: Iran Talks Thursday Could Make or Break Crude Oil's Rally This Week
Oil Falls Amid Prospect That U.S. Strike on Iran Might Be Limited

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Sentiment: Negative ()

Oil fell in early Asian trade. President Trump is weighing an initial limited military strike on Iran to compel the country to meet his demands for a nuclear deal.

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image for news Oil Falls Amid Prospect That U.S. Strike on Iran Might Be Limited
Natural Gas, WTI Oil, Brent Oil Forecasts – Oil Moves Lower As Trump Says He Is Thinking About A Limited Strike Against Iran

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Sentiment: Negative ()

Oil traders decided to take some profits off the table ahead of the weekend.

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image for news Natural Gas, WTI Oil, Brent Oil Forecasts – Oil Moves Lower As Trump Says He Is Thinking About A Limited Strike Against Iran
Hungary to block EUR 90 bln loan to Ukraine over oil stoppage, minister says

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Sentiment: Negative ()

Hungary will block a 90 billion euro European Union loan for Ukraine until oil transit to Hungary via the Druzhba pipeline resumes, Foreign Minister Peter Szijjarto said on Friday.

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image for news Hungary to block EUR 90 bln loan to Ukraine over oil stoppage, minister says
US grants sanctions waiver to Serbia's Russia-owned NIS oil firm until March 20

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Sentiment: Positive ()

The U.S. Treasury Department has extended a sanctions waiver on Serbia's Russian-owned NIS until March 20, giving the Balkan country another month to import crude oil supplies, energy minister Dubravka …

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image for news US grants sanctions waiver to Serbia's Russia-owned NIS oil firm until March 20
Crude Oil Price Analysis – Crude Oil Continues to See Resistance Above

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Sentiment: Neutral ()

Oil continues to test major resistance on Friday, as traders continue to look for military action.

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image for news Crude Oil Price Analysis – Crude Oil Continues to See Resistance Above
Cubans fight blackouts with solar as US extends oil chokehold

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Sentiment: Negative ()

Cubans are scrambling to install solar panels on their homes, shops and vehicles to combat extended blackouts as Washington prevents oil shipments from reaching the Caribbean's largest island, contributing to …

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image for news Cubans fight blackouts with solar as US extends oil chokehold
Croatia must allow Russian oil flows to Hungary and Slovakia, MOL says

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Sentiment: Neutral ()

Croatian pipeline operator JANAF must allow transit of Russian seaborne oil to Hungary and Slovakia, refiner MOL Group said on Friday, noting both countries have exemptions to EU sanctions on …

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image for news Croatia must allow Russian oil flows to Hungary and Slovakia, MOL says
Oil Is Near 6-Month Highs. How Trump's Iran Decision Could Move the Market.

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Sentiment: Neutral ()

Oil prices are currently on track for weekly gains of more than 5% amid the potential for the U.S. to attack Iran. Here's where they could go next.

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image for news Oil Is Near 6-Month Highs. How Trump's Iran Decision Could Move the Market.
Finding "Goldilocks" Crude Oil Price & ETFs Tying Energy to AI Boom

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Sentiment: Neutral ()

$70 crude oil will be the "goldilocks" price, says Rob Thummel as the commodity ticks higher due to geopolitical risk. He talks about the risk premium due to tensions between …

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image for news Finding "Goldilocks" Crude Oil Price & ETFs Tying Energy to AI Boom
Royal Caribbean Slides Amid Oil Price Increase, Insider Sales

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Sentiment: Negative ()

Royal Caribbean also operates with a sizable debt load, so any unhedged fuel shock flows quickly into earnings, leverage ratios and free cash-flow expectations. The result is that a sustained …

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image for news Royal Caribbean Slides Amid Oil Price Increase, Insider Sales
Natural Gas, WTI Oil, Brent Oil Forecasts – Oil Rallies Amid U.S. – Iran Tensions

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Sentiment: Negative ()

Oil traders prepare for the potential conflict between the U.S. and Iran.

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image for news Natural Gas, WTI Oil, Brent Oil Forecasts – Oil Rallies Amid U.S. – Iran Tensions
Record Resources bets on Gabon offshore oil with low-cost, high-upside joint venture

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Sentiment: Positive ()

Record Resources Inc (TSX-V:REC) is betting big on West Africa's offshore oil, securing a 20% stake in Gabon's Ngulu block while avoiding the high-cost, high-risk first four years thanks to …

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image for news Record Resources bets on Gabon offshore oil with low-cost, high-upside joint venture
U.S. Crude Oil Stockpiles Post Hefty Decline

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Sentiment: Positive ()

Commercial crude oil stocks were down by 9 million barrels last week. Analysts expected crude stocks to rise by 1.1 million barrels.

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image for news U.S. Crude Oil Stockpiles Post Hefty Decline
Trump to decide whether to attack Iran in next 10 days — oil prices jump

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Sentiment: Positive ()

The U.S. has launched a major military buildup in the Middle East is it threatens Iran with potential military strikes.

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image for news Trump to decide whether to attack Iran in next 10 days — oil prices jump
Oil Surges On Geopolitical Risk Despite Bearish Outlook

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Sentiment: Positive ()

Oil futures spiked by over 4% in intraday trading on Wednesday, as elevated U.S.-Iran tensions and fears of a conflict in the Middle East gripped the global market.

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image for news Oil Surges On Geopolitical Risk Despite Bearish Outlook
What oil hitting $70 a barrel would signal about Iran and U.S. tensions

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Sentiment: Neutral ()

It looks unlikely that the U.S. would try destroying Iranian oil infrastructure because the Trump administration has talked about bringing energy prices down, says strategist

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image for news What oil hitting $70 a barrel would signal about Iran and U.S. tensions
US says oil companies must pay local taxes, fees to Venezuelan government

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Sentiment: Neutral ()

The U.S. Treasury Department said on Wednesday that companies working in the Venezuelan oil business must pay local taxes, permits and fees to the government of Venezuela, while royalties and …

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image for news US says oil companies must pay local taxes, fees to Venezuelan government
Natural Gas, WTI Oil, Brent Oil Forecasts – Oil Gains 4% As Russia – Ukraine Talks Deliver No Progress

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Sentiment: Neutral ()

Traders are also worried that U.S. will strike Iran to put more pressure on the country.

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image for news Natural Gas, WTI Oil, Brent Oil Forecasts – Oil Gains 4% As Russia – Ukraine Talks Deliver No Progress
Crude Oil Price Analysis – Oil Bounces on Tensions

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Sentiment: Negative ()

The crude oil markets continue to see consolidation, but the tensions between Russia and Ukraine have put a bit of a bounce into the market on Wednesday.

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image for news Crude Oil Price Analysis – Oil Bounces on Tensions
We're in a new era of energy, electricity is the new oil, says Tortoise's Rob Thummel

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Sentiment: Neutral ()

Rob Thummel, Tortoise senior portfolio manager, joins 'Power Lunch' to talk the current state of the energy sector.

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image for news We're in a new era of energy, electricity is the new oil, says Tortoise's Rob Thummel
Natural Gas, WTI Oil, Brent Oil Forecasts – Oil Rallies Ahead Of U.S. – Iran Nuclear Talks

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Sentiment: Positive ()

Iran launched navy drills in the Strait of Hormuz, providing support to oil markets.

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image for news Natural Gas, WTI Oil, Brent Oil Forecasts – Oil Rallies Ahead Of U.S. – Iran Nuclear Talks

About Invesco Oil & Gas Services ETF PXJ

The Invesco Oil & Gas Services ETF (Fund) is based on the Dynamic Oil Services Intellidex Index (Index). The Fund will normally invest at least 90% of its total assets in common stocks that comprise the Index. The Index thoroughly evaluates companies based on a variety of investment merit criteria, including: price momentum, earnings momentum, quality, management action, and value. The Index is composed of stocks of 30 U.S. companies that assist in the production, processing and distribution of oil and gas. The Index may include companies that are engaged in the drilling of oil and gas wells; manufacturing oil and gas field machinery and equipment; or providing services to the oil and gas industry, such as well analysis, platform and pipeline engineering and construction, logistics and transportation services, oil and gas well emergency management and geophysical data acquisition and processing. The Fund and the Index are rebalanced and reconstituted quarterly in February, May, August and November.