NYSEARCA:PXJ

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$41.89
-1.35 (-3.12%)
At Close: Jun 05, 2026
Domestic oil output is expected to grow by 170,000 barrels per day this year, down from the Energy Information Adminuistration's prior forecast of 290,000 bpd.
Oil futures rose modestly early Wednesday as traders weighed U.S. production and inventory data while continuing to play down the prospect of supply disruptions in the Middle East.
Brent and WTI crude oil futures rise on U.S. production slowdown, EIA report expects inventory build-up, Middle East unrest minimally impacts
U.S. dollar's pullback and falling Treasury yields provided support to oil markets.

Why I Am Bullish On Oil

11:31am, Tuesday, 06'th Feb 2024
Demand for oil in 2024 could exceed expectations as U.S. economy stays strong while China ramps up stimulus.
Crude oil markets where little bit choppy during the trading session on Tuesday in the early hours but it still looks as if we are trying to find some type of basing pattern.
Diplomatic efforts in the Middle East and economic indicators hold WTI Crude near $73, signaling wary market sentiment.
Crude oil prices are exhibiting a tentative pattern, mirroring the market's reaction to persistent geopolitical unrest and supply interruptions.
Oil prices were little moved in early trading on Tuesday, as market participants assessed a visit to the Middle East by U.S. Secretary of State Antony Blinken to discuss a ceasefire offer in the regio
Bill Smead, Smead Capital Management CIO, joins 'The Exchange' to discuss how to position in energy, the current geopolitical impacts on the oil industry, and more.
Oil traders use the recent pullback as an opportunity to increase their long positions.

Crude Oil's Slide Continues

12:31pm, Monday, 05'th Feb 2024
Futures are pulling back from last week's gains. Tamar Essner discusses this as crude oil's (/CL) slide continues.
Max Layton, Citi global head of commodities research, joins 'Money Movers' to discuss why events in the Red Sea haven't had a major impact on oil prices, how significant the oversupply is in the oil m
Oil futures fell early Monday, extending the previous week's steep decline, as traders looked past a series of retaliatory strikes on Iran-backed militants by a U.S.-led coalition over the weekend.
Oil prices weaken due to a strong U.S. Dollar and Fed's hawkish stance, while Middle East tensions alert traders to potential supply disruptions.
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