NYSEARCA:PXJ

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$41.89
-1.35 (-3.12%)
At Close: Jun 05, 2026
Heritage Foundation research fellow and economist EJ Antoni weighs in on Occidental Petroleum CEO's warning over U.S. energy independence and reacts to the White House touting lower prices ahead of Th
Oil traders stay bullish amid rising geopolitical tensions.
The crude oil market has bounced a bit in the past few sessions, as this week has been strong overall. At this point in time, the market is likely to see a lot of sideways action overall, as the marke
The crude oil market was somewhat positive in the early hours on Friday, as we continue to see a lot of buying pressure. Ultimately, this is a situation where people are looking to pressure the upside

Trump Wants to Make Deals on Oil, McNally Says

09:29am, Friday, 22'nd Nov 2024
Bob McNally, Rapidan Energy founder, says President-elect Donald Trump is willing to crimp energy exports to get deals on oil production. McNally also talks about possible oil production cuts from Ira
J.P. Morgan sees the price of Brent oil averaging $73 per barrel (/bbl) in 2025 and expects it to close the year firmly below $70/bbl, with U.S. West Texas Intermediate at $64/bbl, the bank said in a
Crude-oil prices sank on Friday after a gauge of European business activity sank to a 10-month low, the latest indication that demand for the essential commodity was set to weaken.
Oil prices edge lower with $70.15 as a key pivot for traders. Rising Chinese imports offset supply concerns, keeping this week's gains near 5%.
The global oil market is balanced thanks to the actions of OPEC+ countries and compliance with its quotas, Russian Deputy Prime Minister Alexander Novak said on Friday following a Russia-OPEC meeting.
WTI climbs above $70 as markets eye OPEC+ decisions. Can weak Chinese demand and geopolitical risks shift trends?
Goldman Sachs expects Brent prices to average around $80 per barrel this year, despite a 2024 deficit and geopolitical uncertainty, citing an anticipated 0.4 mb/d surplus next year, the bank said in a
Oil prices rose on Friday after Russia said it had fired a ballistic missile at Ukraine and warned of a broadening conflict, raising the prospect of tightening crude supplies.
Oil edged higher in early Asian trade. The escalation of the Russia-Ukraine war was pushing prices higher.
Crude oil rallies from a recent low, testing a resistance zone, with potential for either a breakout or a bearish pullback in the near term.
Oil prices continue to rebound from November lows.
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