NYSEARCA:PXJ

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$43.25
+1.36 (+3.25%)
At Close: Jun 08, 2026
U.S. President Donald Trump said Moscow and Kyiv want to settle the war in Ukraine and that Russian President Vladimir Putin was more inclined towards peace after the recent fall in the price of oil.
WTI oil remains under bearish pressure amid the threat of a global trade war, while natural gas continues to trade higher after rebounding from the key $3 level.
Oil steadied on Tuesday after hitting four-year lows in the previous session that was driven by an OPEC+ decision to accelerate output increases, stoking fears of oversupply at a time when U.S. tariff
Oil futures edged higher in early Asian trade, supported by Middle East tensions.
Oil futures slipped in the early Asian session after OPEC+ on Saturday agreed to increase output in June for a second consecutive month.
OPEC+ will accelerate oil output hikes and could bring back to the market as much as 2.2 million barrels per day by November, five OPEC+ sources said as the group's leader Saudi Arabia seeks to punish
Oil prices sank Sunday while U.S. stock futures declined after the S&P 500 notched its longest winning streak in more than 20 years last week.
Oil prices fell more than $2 a barrel in early Asian trade on Monday as OPEC+ is set to further speed up oil output hikes, spurring concerns of more supply.
OPEC+ has agreed to surge production by 411,000 barrels per day in June. Oil prices in April posted the biggest monthly loss since 2021
OPEC+ ramps up output by 800,000 bpd, setting a bearish tone as weak oil demand and rising inventories pressure the global crude oil outlook.
OPEC+ plans to further accelerate oil output hikes and possibly unwind 2.2 million barrel per day of voluntary cuts through October 2025 if members of the group don't improve compliance with their pro
Kuwait's oil minister said that the OPEC+ meeting would significantly affect production policy formulation in the coming period, Kuwait's state news agency reported on Saturday.
For countries that depend heavily on oil revenue, dropping prices are worrisome.
Eight OPEC+ countries meeting on Saturday will likely agree a further accelerated oil output hike for June, four sources with knowledge of the matter told Reuters, the latest step in a plan to unwind
Oil prices (CL=F, BZ=F) are on the decline, and despite US President Trump's "drill, baby, drill" rhetoric, US oil production growth may be on track to stall or decline in the short term. Tortoise sen
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