NYSEARCA:PXJ

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$41.89
-1.35 (-3.12%)
At Close: Jun 05, 2026
Crude oil (CL=F) dipped below $70 per barrel on Wednesday, weighed down by demand concerns. Tortoise Senior Portfolio Manager Rob Thummel believes negative demand sentiment is fueling oil prices to th

Oil slides 25% from summer highs on demand drop

05:15pm, Wednesday, 06'th Dec 2023
Crude oil (CL=F, BZ=F) is down 25% from a late summer high that hit $95 per barrel. Inventory challenges and demand concerns ripple through international markets after OPEC's 2024 production cut annou
Oil futures fell for a fifth straight session Wednesday, leading U.S. prices to settle below $70 a barrel for the first time in more than five months. “The market is doubtful about the efficacy of O
Oil traders stay focused on the weakness of oil demand.
U.S. crude declined nearly 4% on Wednesday with retail gasoline prices hitting the lowest point this year ahead of the holiday shopping and travel season.

Crude Inventories Declined By 4.6 Million Barrels

10:46am, Wednesday, 06'th Dec 2023
Oil prices remain under pressure as gasoline inventories increased by 5.4 million barrels.
Crude oil markets broke down rather significantly during the trading session on Wednesday, as we are now through major support.
Oil futures fell Wednesday morning, on track for a fifth straight losing session, as traders continued to look through additional OPEC+ production cuts, while industry data showed a rise in U.S. crude
Oil prices decline amid stronger U.S. dollar with OPEC+ voluntary output cuts, China demand concerns and rising U.S. inventories contributing.
Oil prices fell in Wednesday Asian morning trading as markets continue to doubt the impact of OPEC+ cuts and take cues from a worsening demand outlook in China.
Oil is trading lower for a fifth day. Key market gauges indicate that supplies are outstripping demand, And Saudi Arabia slashed its official crude oil selling prices to Asia by the most since Febru
Citi analysts anticipate energy stocks to face headwinds in 2024 on spare oil capacity estimates. Yahoo Finance Senior Business Reporter Ines Ferré reiterates Citi's notes on crude oil supplies follo

U.S. oil futures drop to a 5-month low

02:51pm, Tuesday, 05'th Dec 2023
Oil futures on Tuesday stretched their losses into a fourth consecutive session, pulling U.S. prices to their lowest settlement since early July. “The OPEC+ decision was a clear disappointment last
Natural gas is trying to rebound from multi-month lows as traders focus on the bullish changes in weather forecasts.

Oil prices edge lower after 3-day losing streak

07:18am, Tuesday, 05'th Dec 2023
Oil futures on Tuesday threatened to extend their losing streak to a fourth session, extending a decline attributed in part to skepticism over the ability of OPEC+ to deliver on additional production
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