NYSEARCA:PXJ

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$41.89
-1.35 (-3.12%)
At Close: Jun 05, 2026
Oil prices steady at $72.08 as traders await EIA data. Rising U.S. crude inventories add bearish pressure while supply risks support prices.
Canadian oil and gas producer Cenovus Energy posted a fall in fourth-quarter profit on Thursday, as lower commodity prices and weak refining margins offset higher production.
Geopolitical tensions impact natural gas and oil prices. Discover how supply risks and trade policies shape market sentiment.
Oil prices edged lower on Thursday after an industry report showed a build in U.S. crude stockpiles and as tariff concerns weighed on sentiment, falling back from gains made in the previous session on
Oil traders stay focused on supply disruptions and trade wars.
The crude oil market continues to see a lot of noisy trading, but at this point in time, the markets looks as if we are supported overall.

Oil prices tick higher on uncertainty over supply

06:59am, Wednesday, 19'th Feb 2025
Oil futures rose Wednesday, finding support on curtailed supply from Russia as traders also monitor talks aimed at ending the war in Ukraine.
Oil prices rise as supply cuts in Russia and the U.S. tighten markets. Traders eye key resistance at $72.08, while sanctions and tariffs fuel market uncertainty.
Oil prices rise as markets await OPEC+ production decision. Geopolitical tensions and U.S. weather disruptions fuel uncertainty.
Crude oil remains in a bearish retracement despite a short-term bounce. Key resistance levels near $73.15 may cap gains, while downside potential remains open.
The recent attack on Kazakhstan's export route provides material support to oil markets.
US and Russian officials are meeting in Saudi Arabia on Tuesday for sanctions negotiations as the Trump administration explores pathways to end the Ukraine conflict. Catalysts hosts Madison Mills and
The crude oil markets that I follow here at FX Empire are all suggesting that there is a significant amount of pressure underneath, as the markets may have fund a bit of a bottom for the time being.
Oil futures were lifted Tuesday, finding support after a drone attack by Ukraine on a pipeline carrying crude from Kazakhstan across southern Russia curtailed flows.
Crude futures surge past key moving averages, aiming for $72.08. Will bulls maintain control, or will supply pressures cap further gains?
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