NYSEARCA:PXJ

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$43.25
+1.36 (+3.25%)
At Close: Jun 08, 2026
Oil traders hope that U.S. will start productive negotiations with China after the successful trade deal with the UK.
The oil markets continue to see a lot of noisy trading, as the markets are trying to determine whether or not we are going to see increased demand via trade deals, and an expansion of trade overall.
OPEC oil output edged lower in April despite a scheduled output hike taking effect, a Reuters survey found, led by a cut in Venezuelan supply on renewed U.S. attempts to curb the flows and smaller dro
Oil demand hopes rise on trade talks, but crude prices face resistance from rising OPEC production and Fed-driven dollar strength.
Can Brent maintain $60.84 support amid weak global demand and rising supply pressures? Key technical levels and market outlook for traders.
WTI crude oil trades with a negative bias below the long-term pivotal level of $66, while natural gas rebounds from the strong support at $3.
Oil prices steadied on Thursday after falling more than $1 in the previous session as uncertainty over the outcome of trade talks between the U.S. and China, the world's two largest oil consumers, wei
Oil consolidated in the early Asian trade. Crude oil prices have been volatile as traders are still worried over OPEC+'s production policy, Pepperstone said.
The oil market appears to be telling Saudi Arabia that its shift to pumping more oil after five years of cutting output was well timed.

Crude Oil Falls 1%; Uber Sales Miss Estimates

12:31pm, Wednesday, 07'th May 2025
U.S. stocks traded mixed midway through trading, with the Nasdaq Composite falling around 0.2% on Wednesday.
U.S. crude oil inventories fell by 2 million barrels to 438.4 million barrels in the week ended May 2 and were about 7% below the five-year average for the time of year, the EIA said.
Gasoline inventories increased by 0.2 million barrels, exceeding analyst estimates.
The crude oil market rallied a bit in the early hours of Wednesday, as the markets continue to pay close attention to the idea that the US and China are talking soon. Furthermore, people will be out t
Helima Croft, RBC Capital Markets global head of commodity strategy, joins 'Squawk Box' to discuss the state of the energy markets, oil price trends, Iran nuclear negotiations, and more.
Crude futures rebound on China trade talk optimism, lower U.S. output, and bullish chart signals—setting up a potential breakout above key resistance.
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