NYSEARCA:PXJ

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At Close: Jun 05, 2026
Oil futures edged lower Thursday morning, after the International Energy Agency's monthly report underscored worries that rising global trade tensions could undercut energy demand.

Oil Demand Threatened by Trade War, Tariffs: IEA

06:04am, Thursday, 13'th Mar 2025
The escalating trade war is putting pressure on global oil demand at the same that OPEC+ is reviving output, threatening to deepen a supply surplus, the International Energy Agency said. Toril Bosoni,
The International Energy Agency said the macroeconomic conditions underpinning its oil-demand projections have worsened over the past month due to global trade tensions.
Oil prices face resistance as OPEC+ struggles with supply cuts. Will demand hold steady, or is a downturn ahead?
WTI crude oil consolidates near the long-term support zone, while natural gas pulls back after testing strong resistance at $5.

Oil Edges Lower Amid Global Tariff Concerns

08:25pm, Wednesday, 12'th Mar 2025
Oil edged lower in the early Asian session amid global tariff concerns.
Alberta Premier Danielle Smith said her province wants to support President Donald Trump's energy agenda and help the U.S. win the AI with China. But Smith warned Alberta is looking for customers beyo
The Organization of the Petroleum Exporting Countries (OPEC) on Wednesday affirmed its growth outlook for oil demand and overall economic growth over the next two years.
Oil markets continue to rebound from recent lows.
U.S. crude oil inventories increased by 1.4 million barrels, with an increase in production and net imports, while gasoline stocks fell more than expected as demand picked up.
Gasoline inventories decreased by 5.7 million barrels from the previous week.
The much-anticipated CPI report came in a tenth of a point below expectations at 0.2%. Kevin Hincks considers it a solid report, noting that crude oil's cooling price action was bound to offer eventua
Kazakhstan contributed more than a half of overall OPEC+ oil production rise in February, lagging behind its pledges to reduce production, OPEC data showed on Wednesday.
The crude oil market looks as if we are trying to build a bit of a base in this region, as the global demand question continues to be a major factor here. Because of this, the markets are likely to be

Oil prices buoyed by weaker U.S. dollar

07:54am, Wednesday, 12'th Mar 2025
Oil futures rose Wednesday, finding support from a weaker U.S. dollar as investors navigate intensifying trade tensions and worries about global economic growth.
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