NYSEARCA:PXJ

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At Close: Jun 03, 2026
Despite concerns over demand and the U.S. economy, oil prices find support as the market absorbs negative news.
With a slowing global economy crimping demand, Moscow appears not to have followed through on pledges to ax output.
Olive oil prices have hit record levels, thanks to a prolonged drought in top producer Spain — and the elevated prices are expected to stay for some time.
Oil futures declined on Wednesday, with U.S. prices settling below $70 a barrel at their lowest level in over six weeks. Oil has continued to slide as “the rising prospect of a U.S. economic slowdow
Oil markets are under strong pressure as traders focus on recession risks.

Oil futures see a big drop this week

01:07pm, Wednesday, 03'rd May 2023
Yahoo Finance's Julie Hyman looks at how stocks are performing in early trading on Wednesday.
Exxon and its partners recently approved another project offshore in Guyana. It won't start up until 2026 when it will produce for 20 years.
Oil prices continue to drop as concerns over US economy, higher interest rates, debt ceiling worries and banking turmoil affect investor sentiment.
Energy Aspects Co-Founder and Head of Research Amrita Sen discusses the latest moves in oil prices.
Oil futures fell sharply on Tuesday, with U.S. prices settling at their lowest level in over five weeks. “Recession fear is like a hurricane that destroys everything along its path — oil included,
Energy stocks were suffering a broad beating Tuesday, as a selloff in crude prices was exacerbated by a big decline in the broader stock market. The Energy Select Sector SPDR exchange-traded fund XLE
U.S. banking crisis and Yellen's remarks about a potential U.S. default put additional pressure on oil prices.
Crude oil markets fell a bit during the trading session on Tuesday as we continue to see a lot of concerns about overall energy demand.
Oil futures traded lower on Tuesday, building on the previous session's losses, as investors focus on economic worries and awaited this week's Federal Reserve policy decision.
WTI oil market under pressure due to weak China data, US rate hike anticipation, and uncertainty despite positive Labor Day sales.
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