NYSEARCA:PXJ

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$43.24
+0.560 (+1.31%)
At Close: Jun 04, 2026
WTI Oil prices rise as the US debt ceiling bill approval and potential rate hike pause ease market concerns, while OPEC+ cuts drive bullish sentiment.

OPEC+ to Grapple With Divided Oil Market

10:22pm, Thursday, 01'st Jun 2023
OPEC+ will be grappling with a divided oil market when it meets this weekend as crude inventories shrink and while China's weakening recovery and US recession concerns embolden the bears. Ben Sharples
Oil prices rose on Friday in early Asian trade as markets weighed the likelihood of price-supportive OPEC+ production cuts over the weekend amid positive sentiment over U.S. monetary policy and Washin
Oil futures climbed on Thursday, with U.S. prices settling back above $70 a barrel for the first time in almost a week. Prices rebounded from Wednesday's decline “with the outside risk that oil mini
Jeff Currie, Goldman Sachs global head of commodities research, joins 'The Exchange' to discuss the bull case for energy markets, consequences of inventory liquidation, and factors driving weak perfor
Oil futures fell Thursday, kicking off June with a decline as investors awaited official U.S. inventory data after industry figures showed a large rise in crude stocks.
Surging U.S. crude oil inventories, unexpected gasoline growth dampen sentiment, sparking worries about China's manufacturing and oil demand.
Oil prices dipped in early trade on Thursday for the third straight session after data showed an unexpected, large build in U.S. crude stocks last week, triggering fears of an oversupply amid signs of
Paul Sankey, Sankey Research president, joins 'Fast Money' to discuss the bear case for oil prices ahead of a possibly contentious OPEC+ meeting.
OPEC has not invited Reuters or Bloomberg news agencies to report on ministerial meetings in Vienna this weekend to discuss future oil policy, according to reporters, Bloomberg and an OPEC source on W
A slide in crude oil prices has weighed on the Club's three energy holdings.

U.S. oil futures settle at lowest since March

03:13pm, Wednesday, 31'st May 2023
Oil futures fell on Wednesday, with U.S. prices ending at their lowest in more than 10 weeks. The potential fallout from the U.S. debt-ceiling debacle and rising odds of a June interest-rate hike both
Oil markets tested multi-week lows as traders reacted to the disappointing China Manufacturing PMI report.

Oil Prices Sink as Investors Bet Against OPEC Cut

12:58pm, Wednesday, 31'st May 2023
Demand has been falling, along with oil stocks. The Energy Select Sector SPDR ETF dropped 8.6% in the past month.
The Organization of the Petroleum Exporting Countries with Russia and other allies, or OPEC+, meet on June 4 to discuss whether additional oil production cuts should be implemented.
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