NYSEARCA:XOP

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$171.02
-0.110 (-0.0643%)
At Close: Jun 04, 2026
Here are five key things investors need to know to start the trading day.
US stock index futures dropped sharply on Monday as surging oil prices and escalating tensions in the Middle East heightened concerns about inflation and the risk of a broader economic slowdown. Futur
Oil and gas companies urged the European Union on Monday to pause its methane emissions law, warning it could disrupt Europe's fuel ​imports when tougher provisions kick in next year.
Chicago wheat futures were rising as the escalating conflict in the Middle East caused oil and fertilizer prices to surge.

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U.S. stock-market futures fell on Sunday as crude futures surged above $100 a barrel for the first time since 2022 amid growing fears about the economic effects of the conflict with Iran.
Futures for the Dow Jones Industrial Average were down 2% on Sunday, setting Monday up for a rocky start to the week.
Gulf Arab oil producers are cutting production as they run out of storage space because they can't export through the Strait of Hormuz
Rising oil prices can affect the stock market in significant ways.
Oil surged above $90 as Middle East tensions disrupted supply and threatened the shipping through the Strait of Hormuz, raising the possibility of a move toward $110 and potentially $150.
Markets today face geopolitical tension and rising oil prices as traders watch CPI, PCE inflation data and consumer indicators for clues on the Fed's next move.
The news doesn't stop when markets close. Hosts David Gura, Christina Ruffini and Lisa Mateo bring clarity and context to the weekend's biggest headlines, LIVE from New York.
Kuwait said it is cutting oil production due to "Iranian threats against safe passage of ships through the Strait of Hormuz." Kuwait is the fifth-largest oil producer in OPEC.
Simon Lack says the energy sector will continue to experience price hikes until tensions between the U.S. and Iran subside. He talks about the spike in natural gas and crude oil prices.
Another week of record gains could lift oil prices close to their all-time highs — levels that invite talk of an economic doomsday.
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