NYSEARCA:XOP

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$165.99
-5.03 (-2.94%)
At Close: Jun 05, 2026
U.S. stock futures fell Sunday, after a tumultuous start to the year on Wall Street and ahead of another busy week of tech earnings.

Oil prices fall by 3% on US-Iran de-escalation

06:20pm, Sunday, 01'st Feb 2026
Oil prices fell 3% on Monday as U.S. President Donald Trump said over the weekend Iran was "seriously talking" with Washington, signalling de-escalation with an OPEC member after risks of a military s
The meeting of eight OPEC+ members comes as Brent crude closed near $70 a barrel on Friday, close to the six-month high of $71.89 it hit on Thursday, despite speculation that a supply glut in 2026
Eight OPEC+ countries have agreed in principle to maintain a planned pause in their oil output hikes for March, according to three OPEC+ sources and a draft statement seen by Reuters ahead of their Su
OPEC+ is likely to keep its planned pause on oil output increases for March when it meets later on Sunday, three OPEC+ delegates told Reuters, even after crude prices hit six-month highs on concern th

Trump says India will buy oil from Venezuela

09:47pm, Saturday, 31'st Jan 2026
U.S. President Donald Trump on Saturday said India will buy Venezuelan oil, helping to replace some of the Russian oil that the world's third-biggest oil importer buys.
The United States, which imposed tariffs on India last year for buying Venezuelan oil, has told Delhi it can resume those purchases soon to help replace imports of Russian oil, three sources familiar
The group of major oil producers known as OPEC+ will have to take oil flow uncertainty and an expected global supply surplus into account when they meet this weekend to discuss production targets.
President Donald Trump said he has given Iran a deadline to negotiate a nuclear deal, and that no one but Tehran knows when it is.
Helima Croft, RBC global head of commodity strategy, joins 'Power Lunch' to discuss the price of oil, the geopolitics around the commodity and much more.
Oil traders try to guess whether U.S. will strike Iran over the weekend.
Trinidad and Tobago is in talks with Indian Oil Corp to restart its mothballed 165,000-barrel-per-day Guaracara oil refinery, Energy Minister Roodal Moonilal said, as the Caribbean nation looks to rev
Crude oil needs Iran supply shock to break resistance, Reuters columnist says. Technical setup suggests market anticipates production disruption with breakout over $66.49.
Dan Pickering, founder and CIO of Pickering Energy Partners, talks oil markets amid US-Iran tensions, saying prices could reach triple digits if there is significant escalation in the region.
Chevron CEO Mike Wirth said Venezuela is taking steps to protect private oil investment after the ouster of former President Nicolas Maduro. Venezuela on Thursday passed reforms to its hydrocarbon law
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