NYSEARCA:PXJ

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$44.05
+0.81 (+1.87%)
At Close: Jun 12, 2026
WTI crude steadies near key support at $59.27–$58.49 as traders weigh weak oil demand, rising inventories, and limited impact from Russia sanctions.
The price is seen as a key indicator of the kingdom's outlook on regional demand and the move follows OPEC+ pausing output increases for early next year.
Geopolitical tensions lift oil and gas prices as OPEC+ halts new output hikes, but slower global demand and rising U.S. inventories limit upside momentum.
S&P Global Vice Chairman & energy expert Dan Yergin joins Dan Murphy at ADIPEC to talk about the "energy addition" era.
Oil remains weak amid rising supply, while natural gas turns bullish after a rebound, and the U.S. dollar index remains capped below its resistance level.
Saudi Arabia, the world's top oil exporter, has sharply reduced the prices of its crude for Asian buyers in December, responding to a well-supplied market as OPEC+ producers ramp up production.

Oil flat as weak demand, oil glut weigh on market

08:35pm, Wednesday, 05'th Nov 2025
Oil prices were largely flat early on Thursday, after settling at two-week lows in the previous session as pressure from weaker demand and a global oil glut continued to weigh on the market.

Oil Futures Consolidate; Demand Concerns May Drag

08:23pm, Wednesday, 05'th Nov 2025
Oil futures consolidated in the morning Asian session, but may be dragged by demand concerns
Texas Pacific Land missed Wall Street expectations for third-quarter adjusted core profit on Wednesday, as lower oil prices outweighed gains from higher production.
U.S. oil prices have dropped more than 15% so far this year to levels that could threaten the ability of smaller producers to earn a profit. And that's even before factoring in forecasts that could se
Oil markets test weekly lows as traders focus on rising crude inventories.
The Trump administration has limited options to refill the Strategic Petroleum Reserves.
Oil and gas producers will need to step up drilling to sustain or increase output due to rapid declines in production from existing wells, the U.S. Energy Information Administration said on Tuesday.

U.S. Crude Oil Stockpiles Post Large Increase

11:06am, Wednesday, 05'th Nov 2025
U.S. crude oil stocks rose by 5.2 million barrels amid a rebound in imports, according to the Energy Information Administration.
Crude oil remains choppy, with resistance near the 50-day EMA and $62. Momentum appears weak as global demand grow, suggesting potential for further downside, though likely within a limited $5 trading
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