NYSEARCA:PXJ

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$41.89
-1.35 (-3.12%)
At Close: Jun 05, 2026
Israeli forces intensified their operations against Hamas, which was bullish for oil prices.
The crude oil markets have rallied rather significantly during the course of the trading week, as we continue to see a lot of bullish pressure. That being said, we are now approaching resistance.
Oil futures were little changed on Friday morning, with the Brent and WTI prices on track for weekly gains after escalating Middle East tensions contributed to a significant rise in the prices of crud
Amidst the escalating Israel-Hamas conflict, oil prices have seen a significant rise this week, with Brent and WTI gaining over 5%.
Oil prices rose in early trade on Friday, on track for weekly gains, with tensions persisting in the Middle East after Israel rejected a ceasefire offer from Hamas.
Oil traders focus on rising tensions in the Middle East, which is bullish for oil markets.
Crude Oil has bounced again on Thursday as the WTI market clearly shows, in this environment, I think we are trying to sort out a range.
U.S. crude and the global benchmark are up for the week as the Middle East teeters between another round of escalation and a possible truce in the Gaza war.
Oil futures rose early Thursday, with Brent crude edging back up toward the $80-a-barrel threshold after Israel rejected a Hamas offer for a cease-fire and return of hostages held in the Gaza Strip.
WTI and Brent crude oil prices rise amid Middle East tensions, a weaker dollar, and strong U.S. fuel demand indicated by significant stock drawdowns.
Oil prices rose on Thursday after Israel rejected a ceasefire offer from Hamas, as talks continued to try to end the Gaza conflict and wider Middle East tensions that have kept the market on edge sinc
Oil markets continue to recover after the recent sell-off.

U.S. Oil Production at a Record High

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Confluence Investment Management offers various asset allocation products which are managed using “top down,” or macro, analysis. We publish asset allocation thoughts on a bi-weekly basis, updatin
Crude inventories increased by 5.5 million barrels, exceeding analyst expectations.
Crude Oil continues to see buyers as the WTI Crude Oil market has a lot to think about in these low levels. However, this is a market that has a lot of external pressures at the moment.
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