NYSEARCA:PXJ

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$43.25
+1.36 (+3.25%)
At Close: Jun 08, 2026
WTI crude oil failed to break above $65 and has resumed its downward trend, while natural gas continues its upward move from the $3 support level.
Oil prices eased on Thursday as unexpected builds in U.S. crude and fuel inventories raised demand concerns, while investors stayed cautious, focusing on renewed Iran-U.S. nuclear talks.
Brent and WTI oil face downside pressure from surprise U.S. inventory builds, while natural gas eyes gains on summer heat and grid strain forecasts.
U.S. crude oil inventories rose by 1.3 million barrels last week, while stocks of gasoline and diesel increased amid higher refinery capacity use, according to data released by the EIA.
EIA reports surprise crude inventory build and weak oil demand, shifting short-term crude oil outlook to bearish. Traders brace for further downside pressure.
The crude oil market has gone back and forth yet again in early Wednesday trading, as the market is in the process of trying to form some kind of bottoming pattern. Ultimately, I am bullish, but I als
Crude oil prices rise as Israel-Iran tensions spark supply fears; traders eye 50-day average for bullish confirmation.
Behind OPEC+'s plan to ramp up oil output and punish over-producing allies, group leaders Saudi Arabia and Russia are pushing a second objective: taking on U.S. shale production to win back market sha
Middle East tensions and unexpected U.S. crude builds push oil and gas markets into high-alert mode. Technical levels now critical.

Oil Jumps on Report of Israel Plans to Strike Iran

02:08am, Wednesday, 21'st May 2025
Oil climbed following a CNN report that new US intelligence suggests Israel is preparing for a potential strike on Iranian nuclear facilities. Oil has been volatile since last week on mixed headlines

Inside Adnoc's UAE-built Umm Lulu oil megaproject

01:54am, Wednesday, 21'st May 2025
CNBC gets exclusive access to Adnoc's Umm Lulu platform, an engineering feat built in the United Arab Emirates under the "Make it in the Emirates" initiative. The offshore facility can process up to 1
Crude oil prices rose Tuesday night, following a report that Israel is gearing up for a possible strike against Iran's nuclear facilities.
Oil prices jumped more than 1% on Wednesday after reports Israel is preparing a strike on Iranian nuclear facilities, raising fears that a conflict could upset supply availability in the key Middle Ea
Oil gained in the early Asian session on fading optimism over U.S.-Iran negotiations regarding the latter's nuclear program.
Kazakhstan's oil production has risen by 2% in May, an industry source said on Tuesday, an increase that defies pressure from OPEC+ on the Central Asian country to reduce its output.
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