NYSEARCA:PXJ

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At Close: Jun 04, 2026
Oil prices jumped following OPEC kingpin Saudi Arabia's decision to cut production by another million barrels per day.
Oil prices jumped more than $2 a barrel in early Asian trade on Monday, hours after the world's top exporter Saudi Arabia pledged to cut production by another 1 million barrels per day from July.
Riyadh will cut 1 million barrels per day of production from the world's oil supply stream in July, following the conclusion of the latest OPEC+ meeting.
OPEC and allies led by Russia are considering further cuts to oil production on top of multiple earlier cuts, threatening to send the price for oil surging higher.
Saudi Arabia said it would slash oil output by another one million barrels per day for at least a month starting in July as part of an effort by the OPEC+ group of leading producers to shore up crude
Saudi Arabia will voluntarily cut production by 1 million barrels a day in July, alongside an agreement by the Organization of the Petroleum Exporting Countries and its allies to stick to production t
OPEC+ ministers met on Sunday to agree further oil production policy steps amid depressed oil prices.
Daniel Yergin, S&P Global Vice Chairman, joins 'Last Call' to discuss the upcoming OPEC+ meeting, U.S. energy prices, and more.
Oil futures settled higher on Friday, but U.S. and global crude benchmarks still posted losses for the week. Oil prices initially fell this week before the passage of the U.S. debt ceiling bill, and a
U.S. debt deal served as an additional positive catalyst for oil markets.
TerraVest booked 19.7% organic revenue growth in Q2 FY23 as the effect of falling oil and gas prices on drilling activity in Western Canada seems to be limited. TTM adjusted EBITDA is C$107.7 million
Crude oil markets have fallen during the course of the week, but found enough support underneath to turn things around and form a bit of a hammer.
Crude oil markets have shot higher during the trading session on Friday, as we have had a huge bounce from the lows.
Andrew Critchlow, EMEA head of news at S&P Global Platts, previews the forthcoming OPEC+ meeting and whether further cuts are expected.

Oil prices boosted ahead of OPEC+ meeting

07:52am, Friday, 02'nd Jun 2023
Oil futures rose Friday, but remained on track for weekly losses, as traders looked ahead to a weekend meeting of the Organization of the Petroleum Exporting Countries and its allies.
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