NYSEARCA:PXJ

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$43.25
+1.36 (+3.25%)
At Close: Jun 08, 2026
U.S. sanctions on Iran, falling crude stocks, and technical breakouts push oil and gas prices higher, reigniting bullish sentiment in energy markets.
India and Saudi Arabia agreed to deepen energy ties and pursue closer cooperation in areas like tourism and technology as the countries seek to strengthen relations amid ongoing trade uncertainties.
Oil prices rose almost 1% in early trade on Wednesday, extending the prior day's gains as investors weighed a fresh round of sanctions on Iran, a drop in U.S. crude stocks and a softer tone from Donal

Oil Rises, Boosted by Positive Sentiment

08:28pm, Tuesday, 22'nd Apr 2025
Oil rose in the early Asian session. Sentiment is being driven by talk from the Trump administration about trade deals getting closer with India and Japan, and how the current impasse between the U.S.
A breakout above $64.81 confirms oil's countertrend rally, with multiple resistance levels ahead; staying above $63.20 is crucial to maintaining upside potential.
New U.S. sanctions against Iran did not provide material support to oil markets.
The oil markets are in the process of potentially building a base from which to launch. At this point in time, the markets are looking to go sideways, which of course is the first thing that can creat
WTI rebounds above $63.06 on short-covering, but oil outlook stays bearish as recession fears and Iran talks weigh on crude oil demand.
Chevron and other oil companies are cutting thousands of positions, while offshoring more white-collar jobs to the country.
The share of OPEC oil in India's imports fell to a record low in fiscal year 2024-25 as refiners continued to gorge on cheaper oil from Russia, the top oil supplier to New Delhi for the third straight
WTI crude holds near $62.87 as traders await a breakout. Supply risks ease, but tariff fears and Fed uncertainty keep energy markets on edge.
WTI and Brent crude oil consolidated after a sharp drop in March 2025, while natural gas approached the key level of $3.
Oil prices climbed in early trade on Tuesday as investors took advantage of the previous day's losses to cover short positions, although concerns persisted over economic headwinds from tariffs and U.S

Oil Rises on Possible Technical Recovery

08:36pm, Monday, 21'st Apr 2025
Oil rose in the early Asian session on a possible technical recovery after prices fell markedly overnight.
Oil traders rushed to take some profits off the table after the recent rally.
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