NYSEARCA:PXJ

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$43.25
+1.36 (+3.25%)
At Close: Jun 08, 2026
Oil traders remain optimistic despite rising crude inventories.
The oil markets continue to see a lot of buyers on dips, but we did slow down a bit in the early hours of Wednesday. That being said, it looks like traders are trying to force the market higher, coinc

U.S. Crude Oil Supplies Rise Unexpectedly

11:02am, Wednesday, 14'th May 2025
U.S. crude oil inventories posted an unexpected build last week, while product stocks fell amid higher demand, according to data from the U.S. Energy Information Administration
Oil markets pulled back as traders reacted to the EIA report.
The Organization of the Petroleum Exporting Countries trimmed its economic growth outlook and kept its oil demand forecast steady as it prepares to accelerate production.
Crude oil falls as API data shows a 4.3M barrel build; traders await EIA report for fresh insight into U.S. inventories and short-term oil outlook.
WTI oil consolidates near $63.29, supported by a rising channel, while natural gas breaks trendline, hinting at growing downside pressure.
Oil prices held near two-week highs in early trading on Wednesday, supported by an agreement between the U.S. and China to temporarily lower their reciprocal tariffs and a falling U.S. dollar.
Oil edged lower in the early Asian session, with the market's focus on U.S. President Trump's visit to the Middle East.
Momentum is back in crude oil, as price action targets a breakout above $64.06, reinforcing bullish sentiment and potentially challenging the downtrend.
Oil traders also focus on the lower-than-expected U.S. Inflation Rate report.
Brazilian state-run oil company Petrobras is set to revise its five-year strategic plan due to lower Brent crude oil prices, Chief Executive Magda Chambriard told analysts during the firm's first-quar

U.S. Natural Gas Futures Edge Higher

11:31am, Tuesday, 13'th May 2025
U.S. natural gas futures were moderately higher despite a mixed weather outlook that tempered demand.
The early Tuesday session has seen more buying of oil by traders, as they speculate that the global economy will continue to demand more oil. The recent talks between the US and China has the market a
Crude oil holds gains as traders eye 50-day MA; U.S.-China trade truce boosts oil demand outlook while rising OPEC output tempers bullish momentum.
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