NYSEARCA:PXJ

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At Close: Jun 03, 2026
Crude oil markets have fallen significantly during the course of the trading week, as we continue to bounce around in the same consolidation range.
Crude oil markets have fallen a bit during the trading session on Friday and show signs of weakness yet again.
The International Energy Agency's executive director said Friday that the biggest uncertainty facing global energy markets is the extent to which China rebounds from its extended closure.
Oil prices were also feeling the pinch of dollar strength as Fed officials raise the idea of returning to rate hikes sized at 50 basis points.

Oil slumps as interest rate-hike fears mount

07:53am, Friday, 17'th Feb 2023
Oil futures fell Friday, with crude on track for weekly declines, as a round of tough talk on inflation from central bankers stoked renewed concerns about an economic slowdown.
Oil prices slid on Friday and were on track for weekly losses as strong U.S. economic data heightened concern that the Federal Reserve will continue tight monetary policy to tackle inflation, which co
Oil futures finished lower on Thursday for a third straight session. The loss follows a more than 16 million-barrel weekly increase in U.S. crude inventories reported by the Energy Information Adminis
Crude oil markets have done very little during the trading session again on Thursday, as we see quite a bit of noisy behavior but lack of momentum.
Oil under pressure after the US government's weekly report showed that total crude inventories rose to their highest since the Summer of 2021. Natalia Kniazhevich reports on Bloomberg Television.
Oil futures ended lower on Wednesday after the Energy Information Administration reported a 16.3 million-barrel weekly rise in U.S. crude inventories. The EIA data included an upward “adjustment”
Crude oil markets have continued to do almost nothing, as it seems like we are willing to stay in the same range.

Crude Inventories Increase By 16.3 Million Barrels

11:01am, Wednesday, 15'th Feb 2023
The surprising EIA report put additional pressure on oil markets. WTI oil is testing the $78 level.
Trades of key Texas-crude contracts have hit a record high.
The International Energy Agency raised its forecast for demand this year, arguing it will be lifted by China's reopening after years of Covid-19 restrictions.
The energy watchdog raised its forecasts for oil demand this year to a record level, as China fueled a surge in air travel and Russian production remained surprisingly resilient to Western sanctions.
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