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
A glut of crude has pushed U.S. oil futures 19% lower over the past year.
Oil markets gained downside momentum as traders reacted to the EIA report.
As falling crude prices and rising debt levels place pressure on profits, some analysts are warning that the sector's current rates are unsustainable.
U.S. crude oil inventories rose by 3.5 million barrels last week for their third consecutive weekly build.

Trump Says Modi Will Stop Buying Russian Oil

10:35am, Thursday, 16'th Oct 2025
President Donald Trump said Prime Minister Narendra Modi had agreed to stop buying Russian crude. India said in a statement that discussions are ongoing and that it will diversify energy sources "as a
The crude oil market continues to see a lot of noise, as we are sitting on a potential floor in the market, but we continue to see a lot of downward pressures at times. Demand and oversupply are issue
Crude oil holds steady as IEA's missing barrels and India-Russia tensions spark uncertainty in supply, complicating the global oil outlook for traders.
A privately financed fund aims to retire 20,000 wells at no cost to taxpayers.
WTI crude rebounds near $59 as geopolitical tensions tighten supply, while Natural Gas forms a double bottom, hinting at a short-term bullish recovery.
"[Modi] assured me today that they will not be buying oil from Russia," Trump said. However, the U.S. president also said that the halt will not be immediate.
Oil prices rebounded on geopolitical headlines, but weak U.S. demand and bearish technical setups across crude and natural gas suggest that upside may remain limited.
Brent crude futures rose by 1.1% to $62.61 per barrel at 0012 GMT after U.S. President Donald Trump said on Wednesday that Indian Prime Minister Narendra Modi had pledged to stop buying oil from Russi
CNBC's Eamon Javers joins 'Closing Bell Overtime' to talk recent comments from the president on India and Venezuela.
Oil markets are losing ground amid lack of positive catalysts.
Bunge Global jumped on the back of the Trump administration's threat to cut off U.S. purchases of Chinese cooking oil.
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