NYSEARCA:PXJ

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At Close: Jun 04, 2026
Oil futures settle higher on Wednesday, as reported comments from Saudi Arabia at an Organization of the Petroleum Exporting Countries seminar raised the potential for tighter crude supplies. Saudi En
(Kitco News) - Further production cuts from Saudi Arabia and Russia are providing some momentum for oil prices, which in turn, is supporting the gold market; however, oil prices will have to go much h
Traders focus on U.S. holiday demand and prepare for tomorrow's EIA crude inventories data.
Russia and Saudi Arabia announced an extension to cuts in oil production on Wednesday, but prices for crude oil dropped 1% despite the move, analysts say.
The crude oil market has rallied a bit during the trading session on Wednesday, as traders have returned from the Independence Day holiday in the United States.
Saudi oil cuts from April and July will impact inventories, IEF Secretary General Joe McMonigle tells CNBC's Dan Murphy at the OPEC seminar in Vienna.
Oil prices face downward pressure as concerns over the global economy persist, despite production cuts.
Oil prices eased on Wednesday, paring the previous day's gain as fears over a global economic slowdown denting fuel demand outweighed expectations of tighter supply due to output cuts announced by top
Oil prices are moving higher as bulls hope that Saudi Arabia and Russia would balance the market with production cuts.
The crude oil market rallied just a bit during the trading session on Tuesday, in thin electronic holiday trading.
OPEC+, a group comprising the Organization of the Petroleum Exporting Countries and allies including Russia that pumps around 40% of the world's crude, has been cutting oil output since November in th
Mixed economic data, supply concerns, and weak WTI crude demand create uncertainty in the near-term oil market.
Oil prices held steady on Tuesday as markets weighed supply woes from cuts for August by top exporters Saudi Arabia and Russia against economic data that hinted at weak crude demand.
Helima Croft, RBC Capital Markets head of commodity strategy, joins 'Closing Bell Overtime' to discuss Saudi Arabia and Russia announcing oil supply cuts for August.
Saudi Arabia and Russia announced additional production cuts but traders focused on recession risks.
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