NYSEARCA:PXJ

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At Close: Jun 04, 2026
The energy watchdog raised its demand forecast for this year to a record as OPEC supply remains constrained.
"The Middle East conflict is fraught with uncertainty and events are fast developing," the IEA said in its latest monthly oil market report.
Easing Middle East tensions and skyrocketing U.S. stockpiles drive crude benchmarks downward, as traders eye OPEC+ moves for future price cues.
Oil prices extended losses for a third session, dragged down by a larger-than-expected crude and gasoline stockbuild in the U.S. and easing supply concerns.
US oil is slightly weaker in Asian trading after erasing most of the surge following Hamas' attacks on Israel over the weekend. Stephen Stapczynski reports on Bloomberg Television.
What happens to oil prices, and production and supply flow in the Middle East, is highly dependent on whether Iran was directly involved in the attack by Palestinian militant group Hamas on Israel las
Oil futures ended lower on Wednesday for a second straight session. Traders continued to monitor developments tied to the Israel-Gaza war and whether the conflict involved other countries in the oil-r
Navigating the turbulent seas of the energy market: Israel-Hamas conflict impacts and oil's unexpected twist.
The crude oil markets pulled back again during the trading session on Wednesday, as we continue to hover just above the 50-Day EMA.
"If Iran enters the war, we're going to see much higher oil prices, obviously," Sheffield said on CNBC's "Squawk Box" Wednesday.
Oil futures edged lower Wednesday, with traders awaiting any sign the Israel-Gaza war will spill over to threaten crude supply.
The escalation of the Israeli-Palestinian conflict increases credit risks for Israel in the first instance but there are potentially deeper implications if the conflict spills over to the wider Middle
Amid Middle East tensions, traders face a volatile crude oil market, influenced by shifting futures, WTI prices, and inventory, with OPEC in focus.
Oil prices were little changed in early Asian trade on Wednesday, as concerns eased about potential supply disruptions due to the conflict between Israel and the Palestinian Islamist group Hamas.
Oil futures declined on Tuesday, easing back after a more than 4% rally a day earlier as traders continued to assess the impact of the Israel-Gaza war on crude supplies in the Middle East. Despite the
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