NYSEARCA:PXJ

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$41.89
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At Close: Jun 05, 2026
Light crude oil finds strength at the 200-day moving average amidst Middle East tensions.
Amid Middle East unrest, oil and natural gas markets trend bullish, spotlighting geopolitical influences on global energy prices.

Oil rises slightly ahead of demand estimates

10:34pm, Monday, 11'th Mar 2024
Oil prices rose in early Asian trading, but price moves were limited as the market waited for monthly reports from oil agencies.
Oil traders are waiting for the release of U.S. inflation data.
The cruel markets continue to be very choppy, as we continue to bang around a couple of major moving averages and trying to determine whether or not we have enough momentum to break out to the upside.
Traders are waiting for the consumer and producer price indexes, released Tuesday and Thursday, for additional signs of when the Fed might cut interest rates.

Oil prices edge higher to kick off week

06:51am, Monday, 11'th Mar 2024
Oil futures edged higher early Monday, attempting to bounce back after a weekly decline tied in part to worries over the demand outlook from China.
Crude oil steadies amid U.S. economic shifts, China's slowing economy, and geopolitical unrest affecting global demand and supply.
Amidst OPEC+'s cuts and China's wavering demand, geopolitical tensions could reshape the natural gas and oil markets, promising unexpected shifts.

Oil prices fall on China demand worries

09:56pm, Sunday, 10'th Mar 2024
Oil prices extended last week's losses on Monday on concern about slow demand in China, though lingering geopolitical risk surrounding the Middle East and Russia limited the decline.
As China's oil imports decline and OPEC+ enforces cuts, crude oil traders face uncertain markets influenced by the Fed's looming rate cut decision.
Oil futures declined on Friday, contributing to an overall loss for the week, as downward revisions to previous U.S. monthly jobs data raised concerns over the strength of the economy, and demand for
Oil prices fell this week with US and China demand worries. Brent and WTI show weekly declines amid global concerns.
U.S. energy firms this week cut the number of oil and natural gas rigs operating for the first time in three weeks, energy services firm Baker Hughes said in its closely followed report on Friday.

What Rising Gas Prices Mean for the Economy

11:39am, Friday, 08'th Mar 2024
The markets are lower ahead of the jobs report. Carley Garner discusses this, along with how crude oil (/CL) remains below the $80 level.
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