NYSEARCA:PXJ

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$41.89
-1.35 (-3.12%)
At Close: Jun 05, 2026
The decline in U.S. domestic oil production did not provide support to oil markets.
U.S. crude oil inventories fell more than expected last week, while stocks of gasoline and distillate fuels saw large increases pointing to sluggish demand for products.
2024 should provide new opportunities in the oil sector. Another year of volatility should give traders enough to work with.
Crude oil markets initially tried to take off to the upside on Thursday, but it appears that the resistance overhead continues to be a major problem.
Brent and WTI futures rise as Libya's largest oilfield Sharara halts and Fed policies shape market amid Middle East tensions and supply concerns.

Oil prices rise on Middle East supply worries

08:44pm, Wednesday, 03'rd Jan 2024
Oil prices rose in early trade on Thursday, extending the previous day's sharp gains on concerns about Middle Eastern supply following disruptions at a field in Libya and heightened tension around the

Oil prices surge on Middle East tensions

06:17pm, Wednesday, 03'rd Jan 2024
Oil prices climbed this week as geopolitical tensions in the Middle East fueled supply concerns. Unrest in Libya disrupted a key oil field responsible for 1000 barrels per day output.
According to AAA, the US national average for gas prices stands at $3.09 per gallon, compared to $3.24 per gallon a month ago. With ongoing conflicts in the Middle East and OPEC+ extending its product
Crude futures climbed on Wednesday, but that's the first gain for prices since the day after Christmas — even as rising tensions in the Red Sea raised the risk of a wider conflict in the Middle East
Houthis' attacks on ships in Red Sea provide additional support to oil markets.
Tensions in the Middle East are mounting as militants attack vessels in the Red Sea and protest in Libya shut an oilfield.
The crude oil market initially plunged during the trading session on Wednesday, only to turn around and show signs of life yet again as we wait for the Johnson number on Friday.
Oil futures fell Wednesday as traders continued to look past shipping disruptions in the Red Sea and the threat of a wider war in the Middle East to focus on the outlook for demand and rising producti
Crude oil prices fluctuate amid fears of U.S. rate cuts and escalating Middle East tensions, reflecting economic and geopolitical uncertainties.
Oil prices rose slightly in early Asian trade on Wednesday amid continued concerns around shipping disruptions in the Red Sea and escalating tension in the Middle East.
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