NYSEARCA:XOP

Spdr(r) S&p(r) Oil & Gas Exploration & Production Etf ETF News

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$165.99
-5.03 (-2.94%)
At Close: Jun 05, 2026
The oil market is becoming increasingly unbalanced with global inventories continuing to climb and an even larger surplus expected this year, the Paris-based organization said.
Oil slips below $59 as rising U.S. inventories and OPEC's surplus outlook pressure prices; traders eye $60 support amid bearish sentiment.
Oil prices dropped on shifting OPEC forecasts, while natural gas shows bullish momentum, and the U.S. dollar index remains in consolidation with key levels in focus.
Oil prices fell for a second day on Thursday as an industry report showing rising crude inventories in the U.S., the world's biggest crude consumer, reinforced concerns that global supply is more than

Oil Extends Declines Amid Headwinds

08:23pm, Wednesday, 12'th Nov 2025
Oil extended overnight price declines in the early Asian session amid many headwinds.

Pressure Will Stay On Oil Prices, Chevron CEO Says

05:53pm, Wednesday, 12'th Nov 2025
Chevron Chairman and CEO Mike Wirth talks about the outlook for oil prices, a new model for powering AI and how the Trump administration has opened doors for new deals. Wirth says increased oil supply
Mark Newton, Fundstrat global head of technical strategy, joins 'Power Lunch' to discuss if oil prices will benefit equity markets, gasoline prices around the country and much more.
Oil markets react to the OPEC report, which indicated that the oil-producing group did not expect a supply deficit in 2026.
Oil prices plunged in early Wednesday trading, erasing previous gains as both WTI and Brent crude faced renewed selling pressure. Persistent oversupply from major producers continues to weigh on senti
WTI slips below 50-day MA as API/EIA Inventory looms; bearish Oil Outlook unless Futures clear 200-day. OPEC, Production and Oil Demand in focus.
The cartel's estimates remain well above the International Energy Agency's.
World oil supply is expected to match demand next year in a reflection of the wider OPEC+ group's production increases, an OPEC report showed on Wednesday, marking a further shift from its earlier pro
The key international agency forecasting energy demand now says the current path will have consumption of oil and gas growing through 2050, as electric-vehicle adoption misses its earlier estimates.
The International Energy Agency further tempered its stance on an imminent peak in oil demand, reinstating a scenario in which global consumption keeps growing to the middle of the century. While oi
Oil prices hover near $61 as traders await OPEC and IEA reports. A breakout above $65 could reignite bullish momentum in crude markets.
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