NYSEARCA:PXJ

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At Close: Jun 04, 2026
U.S. oil inventories increased by 3.6 million barrels in the week ended Nov. 10, above forecasts calling for a rise of 800,000 barrels.
The strong economic data from China did not provide support to oil markets today.
The report showed that gasoline inventories declined for two consecutive weeks.
Crude oil markets have fallen during the trading session on Wednesday, as the market continues to see a lot of questions about the economy.
Oil futures lost ground Wednesday as investors awaited a double dose of U.S. data on petroleum supplies.
Bullish oil market outlook persists despite potential 2024 surplus, reflecting strategic OPEC production decisions and inventory changes.
Global oil markets are expected to be fairly balanced with a slight surplus next year as demand and non-OPEC supply growth are exceeding expectations, the global head of research at Vitol (VITOLV.UL)
Oil prices rose in early Asian trade on Wednesday on Middle East tensions and a weaker dollar, while investors focused on inventory data after a two week delay in reporting.
U.S. oil futures settled unchanged on Tuesday, giving up earlier gains as traders awaited Wednesday's release of the Energy Information Administration's petroleum supply report. The government agency
Oil is moving away from recent lows as traders focus on rising demand.
Global oil markets could shift to a surplus in early 2024, as demand growth cools, the IEA said. This year has seen record supply from non-OPEC+ countries like US and Brazil.
The crude oil markets have pulled back ever so slightly early during the trading session on Tuesday, but still sees plenty of support underneath.
Global oil supplies are outpacing upward revisions to demand, causing markets to be less tight than expected this quarter, according to the International Energy Agency. Toril Bosoni, head of oil marke
OPEC's revised outlook signals robust demand for 2023, countering fears of declining crude oil market interest.
Oil prices inched up on Tuesday after an OPEC report said market fundamentals remained strong and due to concerns supplies might be disrupted as the U.S. cracks down on Russian oil exports.
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