NYSEARCA:PXJ

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$41.89
-1.35 (-3.12%)
At Close: Jun 05, 2026
Oil prices extended losses on the back of Libya's oil production coming back online and a persistent weak demand in China. Global benchmark Brent slipped 0.57% to $73.33 a barrel, while U.S. West Te
Oil prices fell on Wednesday, extending the previous day's more than 4% plunge, on expectations the political dispute that has halted Libyan exports may be resolved and concerns over lower global dema

Oil erases 2024 gains amid lack of demand

06:04pm, Tuesday, 03'rd Sep 2024
Crude oil (CL=F, BZ=F) prices tumble lower and erased any gains the oil market saw in 2024. Julie Hyman and Josh Lipton welcome The Energy Word Founder Dan Dicker to Market Domination to talk more abo
Crude oil's breakdown from a major triangle pattern suggests a deeper decline ahead, potentially reaching 43.66, with key resistance levels at 72.24 and 72.71.

The Good and Bad News Behind Crude Oil Prices

04:23pm, Tuesday, 03'rd Sep 2024
Factors inside and out of the U.S. can affect oil prices in the years to come. From OPEC's output, to China's crude oil consumption, to prospective rate cuts from the Fed, Patrick DeHaan and Kenny Zhu
Jeff Currie, Carlyle chief strategy officer of energy pathways, says a slowdown in China isn't the only reason oil prices are dropping. He's on "Bloomberg The Close.
Crude oil faces bearish outlook amid China's weakening demand and OPEC+'s uncertain production decisions. Watch for policy shifts.
Weak U.S. dollar provided additional support to oil markets in today's trading session.

Gold's Rise versus Oil Is a Warning

01:40pm, Friday, 23'rd Aug 2024
Gold and oil are usually considered in isolation, but the interplay between the pair offers a useful insight into the global macro picture. Bloomberg Intelligence Senior Commodity Strategist Mike Mc
The past week in the crude oil markets have been a bit of a mess, as the markets are trying to see some kind of move in one direction or the other. The market is sideways and has been for some time.
The crude oil markets continue to recover, and at this point in time are probably going to be watching central bank statements more than anything else. With this, the market looks like it is going to
U.S. crude is down 2.9% for the week, while Brent is down 1.4%. Concern about the strength of global demand for oil continues to overshadow geopolitical risk.
‘Increasingly likely' OPEC+ will ditch plans to begin increasing supply in October due to price weakness: ING
Oil prices face a weekly decline as OPEC+ deliberates crucial output decisions amidst U.S. recession fears and easing Gaza supply concerns.
China's EV revolution slashes oil demand by 500k barrels daily. Dragon's green drive reshapes global markets as gasoline growth slows to mere 1.3% in 2024.
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