NYSEARCA:PXJ

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$41.89
-1.35 (-3.12%)
At Close: Jun 05, 2026
Oil prices stabilised in early Asian trading on Monday after sharp falls last week, amid continued attempts to reach a ceasefire in the Israel-Palestinian conflict even as the U.S. planned new strikes
Look for crude oil's bearish trend to continue based on Fed rate cut speculations, Middle East peace, OPEC+ output, and China's slowdown.

Geopolitics and Oil: How Much Risk?

08:07pm, Friday, 02'nd Feb 2024
So far traders have not driven up the price of oil after this past week's drone attack on U.S. forces in Syria. But as Middle Eastern tensions rise, so too does the risk premium.
Crude oil markets have fallen during the week as we continue to see a lot of volatility. However, there is a massive amount of support just below that I do think comes into the picture and gets market
The strong rebound in Treasury yields puts additional pressure on oil markets.

Crude Oil On Pace For Substantial Weekly Loss

11:53am, Friday, 02'nd Feb 2024
Crude oil (/CL) is on pace for a substantial weekly loss. Carley Garner discusses this, as well as China's impact on crude oil futures.
You can see that we have a lot of downward pressure in the crude market during the day as it looks like inflation is going nowhere in the United States.

Oil prices on track for weekly drop

08:04am, Friday, 02'nd Feb 2024
Oil futures were little changed early Friday, leaving them on track for weekly declines after a selloff the previous session sparked by news reports citing Qatari officials that indicated an Israel-Ha
As geopolitical tensions and economic forecasts sway the markets, Natural Gas eyes a crucial $2.0397 level, while Oil prices find solace in OPEC+ stability.

Oil prices gain after OPEC+ maintains output cuts

09:11pm, Thursday, 01'st Feb 2024
Oil prices rose in early trade on Friday following a decision by OPEC+ to keep its oil output policy unchanged, clawing back some losses from the previous trading session triggered by unsubstantiated
The potential cease-fire deal will reduce the risk premium for oil, which is bearish for oil markets.
Oil futures moved higher early Thursday after ending January with the first monthly gain since September, while traders kept an eye on U.S. production outages and monitored tensions in the Middle East
The U.S. Dollar's surge, following the Fed's hawkish remarks late Wednesday, is currently capping gains in crude oil futures.
Global oil prices climbed in early trade on Thursday, supported by signals from the U.S. Federal Reserve on a possible start to rate cuts and as China unveiled new support measures for its embattled p
Oil traders are worried that China's demand for oil may be weaker than previously expected.
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