NYSEARCA:PXJ

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$41.89
-1.35 (-3.12%)
At Close: Jun 05, 2026
Oil prices edged slightly higher on Tuesday as the Middle East crisis escalated and ship tracking data showed more tankers altering course away from the Red Sea in response to attacks in the area by Y
WTI oil climbed back above the $72.00 level as traders focused on rising tensions in the Middle East.
While Europe's natural gas reserves remain stable, the interruption of Qatari LNG exports due to regional conflicts poses a considerable threat to the continent's energy economy.
Crude oil markets fell a bit during thin trading on Monday as it was Martin Luther King Jr. Day in the United States, therefore it would have been very limited electronic trading.
Despite Middle East tensions, oil production remains steady, leading to a decrease in USOIL and UKOIL, while Natural Gas drops to $2.74.
U.S., British air strikes in Yemen and Strait of Hormuz's role in Middle East unrest cause minor crude oil price fluctuations.

Oil slips; investors eye Mideast developments

08:58pm, Sunday, 14'th Jan 2024
Oil prices slipped on Monday with traders watching out for supply disruption risk in the Middle East following strikes by U.S. and British forces to stop Houthi militia in Yemen from attacking ships i
Saudi OSP cut lowers crude oil futures 1.53%, U.S. stockpiles rise, Middle East tensions may shift market from bearish to bullish.
U.S. President Joe Biden said he was concerned about the impact of war in the Middle East on oil prices, which rose on Friday after the U.S. and Britain launched dozens of air strikes across Yemen on
Oil markets (CL=F, BZ=F) face renewed geopolitical tensions after US and UK strikes on Houthi rebels in Yemen, resulting in a slight rally. The Energy World Founder Dan Dicker joins Yahoo Finance Live

Chart of the Day: Oil

01:45pm, Friday, 12'th Jan 2024
Jenny Harrington, Gilman Hill Asset Management CEO, and Joe Terranova, senior managing director at Virtus Investment Partners, join 'Halftime Report' to debate the spike in oil prices and more.
Wes Edens, New Fortress Energy founder, talks about the impact of geopolitics on inflation. He also says the US will need oil and gas for a long time.
NBC News' Ali Arouzi joins 'Squawk on the Street' to discuss the attacks on Iran-backed Houthis.
Crude oil markets have been building a bit of a base for a while, and this past week was just more of the same.
Crude oil markets have rallied to be during the trading session on Friday as we continue to see the market try to break out to the upside.
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