NYSEARCA:PXJ

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$41.89
-1.35 (-3.12%)
At Close: Jun 05, 2026
President Donald Trump's recent decision to reinstate a goal from his first presidency to bring Iran's oil exports to zero has had little impact on crude prices so far.
Natural Gas and Oil prices face bearish pressure as key support zones are tested. Will markets rebound, or is a deeper correction ahead?

Oil pares losses after Saudi price increase

09:19pm, Wednesday, 05'th Feb 2025
Oil prices ticked up in early Asian trading on Thursday, steadying from a sell-off the previous day after Saudi Arabia's state oil company sharply raised March oil prices.
CIBC Private Wealth senior energy trader Rebecca Babin joins "Market Domination" to analyze current oil (CL=F, BZ=F) market dynamics in Russia and Iran. Babin notes that Russia has been "under an incr
WTI crude oil prices have been volatile to begin 2025, ranging from $72 to $80. I maintain a hold rating on the Fidelity MSCI Energy Index ETF due to its underperformance and lukewarm valuation. FENY'
Gasoline inventories increased by 2.2 million barrels, putting additional pressure on oil markets.
OPEC oil output fell in January for a second month, a Reuters survey found, as a drop in exports from Nigeria and Iran offset a rebound from the United Arab Emirates where field maintenance had curbed
Oil futures fell Wednesday, feeling pressure after industry data showed a large rise in U.S. crude inventories and as investors feared a U.S. -China trade battle will dent demand.
A growing uptake of solar power in Saudi Arabia thanks to cheap imports from China could lead to downward pressure on oil prices. That is an estimate from commodities economists at Capital Economics
Rising U.S. stockpiles and trade tensions pressure crude prices, but Iran sanctions could tighten supply. What's next for the market?
French oil major TotalEnergies on Wednesday reported a sharp drop in full-year earnings, against a backdrop of lower crude prices and weak fuel demand.
Natural Gas and Oil markets face volatility as OPEC+ output plans and rising U.S. inventories weigh on prices. Key support levels remain under pressure.
South African petrochemical firm Sasol forecast a fall of up to 36% in half-yearly earnings on Wednesday, mainly due to a decline in oil prices and lower sales volumes.
Oil prices were little changed on Wednesday after volatile trading in the previous session as investors shrugged off the impact of China's tariffs on U.S. energy imports though President Donald Trump'
Crude oil's rebound from $71.22 signals potential strength, but key resistance at the 200-Day and 20-Day MAs could limit further gains unless momentum builds.
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