NYSEARCA:PXJ

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$44.05
+0.81 (+1.87%)
At Close: Jun 12, 2026
WTI crude surges as geopolitical risk disrupts Russian supply. Market holds above support with traders watching the 50-day moving average.
Commercial crude oil inventories jumped 6.4 million barrels as U.S. production set new records and refinery capacity utilization rose to 89.4%.
Traders worry that Russia's oil exports may decline.
The International Energy Agency projects oil and gas demand could grow until 2050, shifting from previous peak oil expectations due to slower green adoption.
Crude oil rallied early Friday but quickly surrendered most gains as the 50-day EMA capped the advance. Persistent overhead resistance worries about global demand, and abundant supply continue to weig
Pipeline operator Enbridge will push ahead with a $1.4 billion expansion of its core network to boost deliveries of Canadian heavy oil and reach key refining markets in the U.S. Midwest and Gulf Coast
A buildup of U.S. military forces in the Caribbean Sea are raising concerns about a potential strike on Venezuela, which is home to the world's largest oil reserves.
Crude oil surges 2% as a Russian port attack disrupts supply. Bullish chart signals point to further gains if prices hold above key moving averages.
WTI rebounds on tighter supply expectations as sanctions loom, while natural gas holds its uptrend and Brent stabilizes despite rising global surplus concerns.
Oil prices rose more than 2% on Friday after a Ukrainian drone attack damaged an oil depot in the Russian Black Sea port of Novorossiysk.

Oil Rises Amid Possible Position Adjustments

08:17pm, Thursday, 13'th Nov 2025
Oil rose in the morning Asian session amid possible position adjustments.
Higher prices ahead of winter threaten to boost Americans' heating bills.
Helima Croft, RBC head of global commodity strategy, joins 'Power Lunch' to discuss the global oil market, the United States' attempt to diversify its oil suppliers and much more.
Crude oil's Tuesday bull flag breakout collapsed Wednesday, closing below the $59.04 swing low and 61.8% Fibonacci at $58.94.
Goldman Sachs expects global oil demand to grow to 113 million barrels per day in 2040 from 103.5 mbpd in 2024, driven by rising energy needs and ongoing challenges in low-carbon technology and infras
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