NYSEARCA:PXJ

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$43.25
+1.36 (+3.25%)
At Close: Jun 08, 2026
Gasoline inventories decreased by 2.1 million barrels from the previous week.
The crude oil market seems to be stabilizing on Wednesday, as the markets have found the previous resistance level to be supportive. That being said, a day or tow of calm action is the recipe for a lo
Oil prices are dropping further, and U.S. stocks are pulling close to their all-time high Tuesday on hopes that Israel's war with Iran will not damage the global flow of crude, even if a tentative tru
Oil prices sold off on Monday and Tuesday after Iran held back from targeting regional crude supplies, and Trump pushed Jerusalem and Tehran into a truce.

Trump's U-Turn on China Buying Iranian Oil

08:18am, Wednesday, 25'th Jun 2025
Randa Slim, John Hopkins University SAIS Senior Fellow, speaks to Bloomberg TV about the truce between Israel and Iran after US President Donald Trump suggested China can continue to purchase oil from
Low energy prices have helped keep inflation in check this year.
Crude oil steadies near key moving averages as traders await EIA data and monitor Iran-Israel ceasefire and Fed rate signals.
It's Fed Chair Jerome Powell who's top of mind for markets now, rather than events in the Middle East.
Economic expert Danielle DiMartino Booth explains why perspective is key and how markets have been looking for an excuse to rally. Labor market dynamics have shifted, making it harder to find new work
Crude oil rebounds above $65 as ceasefire optimism fades and U.S. inventory data sparks renewed supply concerns across global energy markets.

Trump Says China Can Keep Purchasing Oil From Iran

01:49am, Wednesday, 25'th Jun 2025
President Donald Trump appeared to undermine years of US sanctions on Iran, giving China the green light to carry on buying its oil. The announcement on Truth Social could undermine the central eleme
DAX hits an eight-day high as Middle East ceasefire, upbeat Ifo data, and Powell's policy stance lift sentiment. Traders eye the 24,000 level.
Hang Seng Index rises on Middle East ceasefire and Fed rate cut hopes. Real estate and tech stocks lead gains as risk sentiment improves.
Dan Pickering, Founder and CIO of Pickering Energy Partners, sees supply and demand concerns returning to the forefront of the oil market with the removal of geopolitical risk from the Israel-Iran cea
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