NYSEARCA:PXJ

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At Close: Jun 04, 2026
WTI crude oil prices surged 1%, recovering from losses, fueled by supply tightness and optimism over Chinese demand, defying economic concerns.
Julian Fowles, CEO of the oil and gas exploration and production company, says he expects demand will be "pretty strong" over the next few years.

U.S. oil futures mark first loss in 5 sessions

02:50pm, Wednesday, 26'th Jul 2023
U.S. oil prices settled with a loss on Wednesday for the first time in five trading sessions. Prices held onto their losses after the Federal Reserve raised its benchmark interest rate, as expected.
Oil traders decided to take some profits off the table near multi-month highs.
WTI crude oil prices eased off highs on rising US crude inventories and Fed rate hike concerns.
Oil prices eased on Wednesday, sliding from three-month highs hit the previous day after industry data showed an expected rise in U.S. crude stockpiles, but losses were capped amid signs of tighter gl

U.S. oil futures end at highest since mid-April

02:39pm, Tuesday, 25'th Jul 2023
U.S. oil prices settled Tuesday at their highest since mid-April, ahead of Wednesday's weekly update on domestic petroleum supplies from the Energy Information Administration. “Near-term, the market
Oil prices are moving higher as traders remain focused on China's stimulus measures.
Crude oil markets continue to see a lot of volatility, but the trading session on Tuesday was rather quiet. Now we are digesting whether or not we can continue to go higher.

Oil prices hover near 3-month highs

06:54am, Tuesday, 25'th Jul 2023
Oil futures ticked slightly higher in early action Tuesday, approaching three-month highs, as investors gauged signs of tightening supply and awaited central bank meetings this week.
US West Texas Intermediate (WTI) crude oil prices gain ground as positive supply signals and Chinese economic reassurances drive optimism.
Oil prices edged higher on Tuesday, extending gains from the previous session, as signs of tighter supplies and pledges by Chinese authorities to shore up the world's second-biggest economy lifted sen

U.S. oil futures settle at highest in 3 months

02:40pm, Monday, 24'th Jul 2023
U.S. oil prices on Monday ended at their highest in three months, up more than 2%. “The unquenched thirst for summer oil created a snowball effect that has led to a multi-week rally,” said Manish
Investment bank Goldman Sachs (NYSE:GS) forecasts the Brent crude price to increase from just above $80 per barrel currently to $86 per barrel by year-end, buoyed by record demand in oil markets.   �
Rising U.S. demand and tight supply provide additional support to oil markets.
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