NYSEARCA:XOP

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$165.99
-5.03 (-2.94%)
At Close: Jun 05, 2026
Falling gasoline inventories provided additional support to oil markets.

U.S. Crude Oil Stockpiles Fall More Than Expected

11:20am, Wednesday, 29'th Oct 2025
U.S. crude oil inventories posted a bigger-than-expected decline of 6.9 million barrels last week as imports fell and exports rose, said the EIA.
Gold prices rebounded on Wednesday after sliding below $4,000 per ounce earlier this week.  Silver prices also followed gold's rise as the metal rose more than 2%.
Crude oil is attempting to recover in early Wednesday trading, but resistance at the 50-day EMA near $62 remains significant. Despite recent headlines on Russian sanctions, oversupply concerns persist
Chevron CEO Mike Wirth joins ‘Mornings with Maria' to discuss America's untapped energy power, new drilling technology and why the U.S. has only ‘scratched the surface' of its oil potential.
Phillips 66 Chairman and CEO Mark Lashier joins 'Squawk Box' to discuss the company's quarterly earnings results, global oil supply and refining capacity, oil price trends, and more.

Norway's Oil Fund Grows on Strong Equity Markets

05:51am, Wednesday, 29'th Oct 2025
Norway's sovereign-wealth fund returned 5.8% in the third quarter, driven by particularly strong returns in basic materials, telecommunications and the financial sector.
OPEC+ output talks and geopolitical tensions shape oil and natural gas prices, keeping markets cautious amid supply risks and uncertain demand trends.
Enforcing tough measures against one of the world's top oil producers risks triggering a supply shock.

Oil edges up on US crude inventory draw

10:14pm, Tuesday, 28'th Oct 2025
Oil prices edged up on Wednesday morning after three straight days of declines, with market sources citing a decline in U.S. crude inventories, while investor concerns about Russia sanctions and a pot
Crude oil dropped to $60.12, testing the 20-day average, with a close below $60.23 eyeing $59.72.
Traders doubt that recent sanctions on Russia's biggest oil companies will have a material impact on Russian oil exports.
U.S. stocks traded higher midway through trading, with the Nasdaq Composite gaining around 0.4% on Tuesday.
The crude oil market has fallen again in the early hours of Tuesday, as we continue to see a lot of volatility out there. With this, the oil market sees a lot of selling pressure after the knee-jerk r

Markets Lay Low Ahead of the FED

06:40am, Tuesday, 28'th Oct 2025
The financial markets are stabilizing ahead of the FED's meeting.
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