NYSEARCA:PXJ

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$43.24
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At Close: Jun 04, 2026
OPEC argued in its latest monthly report that “overblown negative sentiment” is dominating global oil markets ahead of the group's next meeting with its allies. Will Kennedy reports on Bloomberg T
Oil futures edged higher Monday, attempting to build on a Friday rebound that wasn't enough to stave off a third straight weekly decline blamed on worries about the demand outlook.
OPEC on Monday said oil market fundamentals remained strong and blamed speculators for a drop in prices as it slightly raised its 2023 forecast for global oil demand growth and stuck to its relatively
The Organization of the Petroleum Exporting Countries, or OPEC, on Monday nudged its forecast for 2023 growth in oil demand higher to 2.5 million barrels a day, or mbd, from a projection of 2.4 mbd in
Amid declining global demand, the outlook for WTI and Brent crude oil futures turns increasingly bearish.
Oil prices eased on Monday, reversing their rally on Friday, as renewed concerns over waning demand in the United States and China dented market sentiment.
Gulf stock markets put in a mixed performance on Sunday as higher oil prices were offset by worries of faltering demand from China, the world's top crude importer.
Brent and WTI futures ended last week lower, continuing a downward trend, yet optimism persists for a potential oil market recovery this week.
Today's oil rally, spurred by OPEC+'s cuts and short-covering, balances gains with 4% weekly losses and a dip in U.S. output.
Warren Pies, 3Fourteen Research co-founder, joins 'Closing Bell Overtime' to talk the crude oil market.

Oil prices fall for a third week in a row

02:50pm, Friday, 10'th Nov 2023
Oil futures finished higher on Friday, but posted a third straight weekly loss. “Oil pundits forecasting widespread oil shortage this year is old news, and the reality is that physical markets are f
The crude oil market has fallen rather significantly during the course of the trading week, as traders are starting to focus on the idea of a potential recession.
Crude oil markets have rallied again during the trading session on Friday as we continue to see a lot of noisy behavior.
Natural gas settled near the $3.00 level as weather forecasts remained bearish.
Oilfield service companies that cater to U.S. shale oil and gas producers are turning sour on fourth quarter demand, with clients keeping a tight grip on their wallets after largely exhausting their 2
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