NYSEARCA:XOP

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$165.99
-5.03 (-2.94%)
At Close: Jun 05, 2026
Oil prices fell on Wednesday amid a broader selloff in global financial markets that underscored concerns about economic and fuel demand growth, with a stronger U.S. dollar and reports of rising U.S.

Oil Falls Amid Oversupply Prospects

08:10pm, Tuesday, 04'th Nov 2025
Oil fell in the morning Asian session amid oversupply prospects.
Crude oil tested support at $60.20 near the 20-day average, with a rally above $61.78 eyeing $63.03 breakout.
Oil prices moved lower amid lack of positive catalysts.
Amin Nasser, CEO of Aramco, sits down with CNBC's Sara Eisen to discuss oil demand, how the company is looking to diversify its business, and much more.
OPEC's oil output rose further in October after an OPEC+ agreement to raise production, a Reuters survey found on Tuesday, though the scale of the increase slowed sharply from September and the summer
CNBC's Sara Eisen sits down with Aramco CEO Amin Nasser in an exclusive interview to discuss why the strength in oil demand shows no sign of letting up. In China, where they're rapidly shifting to EV'
Oil prices fell sharply on Tuesday, with both WTI and Brent facing renewed selling near key technical barriers. I expect further downside pressure driven by oversupply and global demand concerns, maki
HSBC expects OPEC+ to accelerate oil output quota increases in the second and third quarters of 2026 as the producer group focuses on regaining market share, the bank said on Tuesday.
Crude oil slips as OPEC+ pauses output hikes, demand fears rise, and futures reject the 50-day moving average. Traders now eye key support near $58.49.
US markets delivered mixed results on the first trading session of November.
Saudi Aramco has reported a quarterly profit of $26.9 billon, slightly below last year's figure, as weak oil prices continue to weigh on the world's largest energy exporter. The result, which narrowly
The oil-and-gas company increased its full-year divestment proceeds target as it continues with its turnaround program to catch up with its European peers.
WTI oil hovers near $61 as OPEC+ output freeze meets oversupply fears; natural gas remains firm above $4.20, supported by strong winter demand outlook.
The results come just over eight months after BP launched a fundamental strategic reset. In this article BP.
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