NYSEARCA:PXJ

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$43.24
+0.560 (+1.31%)
At Close: Jun 04, 2026
WTI, Brent crude oil prices show strength despite headwinds from rising interest rates, as supply drawdown and OPEC+ cuts drive gains.
Oil and gas will remain leading sources of energy for decades to come on the back of a lagging energy transition, said key industry players at Energy Asia.
Brent crude oil prices were little changed in early trading on Friday, but were set to notch their first monthly gain this year as a steep drawdown in oil stocks and OPEC+ plans to cut output outweigh
Oil futures settled higher on Thursday, contributing to the commodity's month-to-date gain. Oil stabilized at support near the 2023 lows following Wednesday's weekly Energy Information Administration
Oil markets continue to rebound from recent lows as traders shrug off recession worries.
Crude oil markets have been somewhat quiet during the trading session on Thursday, as we wait to see what the next move is.

Oil prices edge higher after Wednesday bounce

07:33am, Thursday, 29'th Jun 2023
Oil futures edged higher Thursday, attempting to build on a bounce scored the previous session after data showed a large drop in U.S. crude inventories.
WTI crude oil prices decline on profit-taking and rate hike concerns, compounded by weak Chinese data.

Big Oil Mulls a Slippery Future

12:01am, Thursday, 29'th Jun 2023
Ask energy executives how much oil the world will need by 2050 and you will get very different opinions.
Oil prices eased on Thursday, paring some of the previous day's gains, as investors took profits on concerns that further interest rate hikes by central banks could dampen economic growth and global f
Oil futures finished higher on Wednesday after the Energy Information Administration reported that U.S. crude supplies fell by nearly 10 million barrels for the week ended June 23. “There are relati
Oil markets gained strong upside momentum as U.S. crude inventories declined by 9.6 million barrels.
The Wagner rebellion in Russian shocked the world. The oil market reacted with a collective yawn.
Crude oil markets have gone back and forth during the session on Wednesday, as we continue to see a lot of noise in this vicinity.
The EIA report showed that U.S. Strategic Petroleum Reserve dropped to lowest level since 1983.
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