NYSEARCA:PXJ

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$41.89
-1.35 (-3.12%)
At Close: Jun 05, 2026
Ben Cook of Hennessy Funds says that India is "squarely in the driver's seat" when it comes to global oil demand growth.
High U.S. fuel demand boosts oil prices to $83, as strong summer consumption and easing inflation bolster market confidence.
Oil prices rose in early Asian trading hours on Friday as signs of strong summer demand and easing inflationary pressures in the world's biggest oil market, the United States, bolstered investor confi
Crude oil triggered a bullish reversal today, targeting 89.23 and a likely second breakout above trendline resistance.
Oil traders focus on the changes in Fed policy outlook and prepare for the start of the rate cut cycle.
The inflation and interest rate outlook is outweighing mixed oil demand signals from the IEA and OPEC.
The inflation and interest rate outlook is outweighing mixed oil demand signals from the IEA and OPEC.
The significant U.S. inventory drawdowns and potential for strong summer demand suggest a slightly bullish short-term outlook for crude oil.
The International Energy Agency (IEA) has taken a haircut to its outlook for oil demand next year, as it sees continued rising supplies.
Tom Kloza, global head of energy analysis at OPIS, says there may be a "sharp, sharp drop."
Oil market analysts have been forecasting a tighter market in the third quarter as summer fuel demand picks up. UBS is estimating that oil demand will grow by 1.5 million barrels per day this year, ab
Oil futures were flat to slightly lower Friday as U.S. traders returned from the Independence Day holiday, with crude headed for a fourth straight weekly gain though some analysts see upside limited b
WTI oil prices are up by more than 15% from lows that were reached in early June.
This comes after Shell on Tuesday announced it would temporarily suspend on-site construction at its 820,000 metric tons a year biofuels facility in Rotterdam amid current market conditions. The compa
With WTI oil finding strong support near $83.50, analysts suggest potential buying opportunities today
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