NYSEARCA:PXJ

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$43.24
+0.560 (+1.31%)
At Close: Jun 04, 2026
Oil production cuts by the world's second- and third-biggest producers has caused a multi-month jump in the price of oil, though experts also attribute the price increase to other factors.
Oil markets test session highs as traders react to the EIA report.
Crude oil markets continue to see a lot of upward pressure, as it looks like we are trying to break out to the upside yet again.

Oil Might Gain

09:23am, Wednesday, 27'th Sep 2023
The recent selloff by crude oil might have been excessive; now a bounce seems possible.

Oil prices shake off mild pullback

07:01am, Wednesday, 27'th Sep 2023
Oil futures rose Wednesday, brushing off broader weakness across financial markets, as investors remain focused on tight crude supplies.
Brent and WTI crude oil futures rise indicates a mounting supply tightness concern, reshaped by OPEC's supply cuts, Russia's export decisions.
Oil prices ticked up in early trade on Wednesday, as markets focused on supply tightness heading into winter and a "soft landing" for the U.S. economy.
Oil traders bought the dip despite worries about the economy and the potential U.S. government shutdown.
Crude oil markets have consolidated during the Tuesday session, as we approach the 20-Day EMA.

$100 Oil Needs Western Drills to Stay Quiet

07:03am, Tuesday, 26'th Sep 2023
Saudi Arabia and Russia are reliant on high oil prices to fund infrastructure projects and the Ukraine war. U.S. and European oil companies are helping them with low investments.
Oil futures fell early Tuesday, extending a pullback from 2023 highs as investors appeared more worried about the global economic outlook after the Federal Reserve last week indicated it will keep int
Crude Oil News reveals a turbulent market as central banks hint at prolonged high interest rates, impacting global prices.
Oil prices slipped in early trade on Tuesday amid concerns that fuel demand will be crimped by major central banks holding interest rates higher for longer, even with supply expected to be tight.
Goldman Sachs analysts predict oil prices will reach $100 per barrel, which could lead to higher gas prices for consumers but is not anticipated to be too much cause for concern. Yahoo Finance Markets

Oil Could Hit $150, Says Continental CEO

05:29pm, Monday, 25'th Sep 2023
Oil is headed as high as $150 a barrel unless the US government does more to encourage exploration, according to Continental Resources CEO Doug Lawler. He speaks to Bloomberg's Alix Steel.
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