NYSEARCA:PXJ

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$41.89
-1.35 (-3.12%)
At Close: Jun 05, 2026
Oil prices dipped in early trade on Monday on sharp price cuts by top exporter Saudi Arabia and a rise in OPEC output, offsetting worries about escalating geopolitical tensions in the Middle East.
The upcoming week's oil market is poised for volatility amid Middle East tensions and pivotal economic data.
We remain optimistic about near-term prices for crude and advise investors to buy stocks like MUSA, OII and SUN.
Oil traders focus on geopolitical developments ahead of the weekend.

Oil to remain volatile in 2024, says BofA

12:48pm, Friday, 05'th Jan 2024
U.S. oil companies and refiners are likely to face another challenging 12 months in 2024, Bank of America (BofA) analysts wrote in a note on Friday, who expect Brent crude to average $80 per barrel th
U.S. crude futures rose more than $2 on Friday as U.S. Secretary of State Antony Blinken prepared to visit the Middle East in an attempt to contain flaring regional tensions as the Israel-Hamas confli
Crude oil markets initially fell during most of the week, but then turned around to show signs of life again as we continue to see a lot of noise in a well-defined consolidation region.
Crude oil markets have rallied on Non-Farm Payroll Friday, showing that perhaps people are getting hopeful on demand or perhaps even global growth.
The country's two supermajor oil companies have announced big impairment charges that will be included in their fourth-quarter results.
"We will need to scale solutions pretty quickly," says Cécile Cabanis, deputy-CEO of Tikehau Capital, as she discusses the global energy transition, its timeline, and the vast amounts of money needed
Crude oil and natural gas have performed better in the opening days of 2024 amid a somewhat better outlook for demand.
Brent and WTI crude edge up as traders eye US labor data, supply concerns, and bullish market outlook shaped by Fed signals and economic
Oil prices edged higher on Friday after minutes from a Federal Reserve meeting suggested inflation was under control and as U.S. Secretary of State Antony Blinken prepared to visit the Middle East to
Josh Young of Bison Interests says there's a "decent chance" oil prices could average over $90 per barrel this year, higher than what is suggested by the forward curve.
The United States' domestic oil production has excelled to a record high while becoming one of the biggest gas exporters. Yahoo Finance Senior Columnist Rick Newman details the state of US energy unde
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