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
Shares of Bunge and other agricultural companies are rising thanks to threats of a ban on used cooking oil – a key ingredient needed to produce renewable fuels.
Bank of America on Wednesday said that if U.S.-China trade tensions intensify while OPEC+ production ramps up, Brent prices could slip below $50 a barrel.
The Organization of the Petroleum Exporting Countries (OPEC) is moving to appoint "one of the top consultants" to visit member states and assess their production capacity in the coming months, Kuwait'
The crude oil market looks as if it is trying to bounce a bit, but overall, oil looks very soft and I think buying it is all but impossible at this point in time.
OPEC production growth, IEA surplus warning, and weak demand outlook drive bearish crude oil sentiment. All eyes now on EIA and API inventory data.
OPEC Secretary General Haitham Al Ghais reiterated on Wednesday that more investment is needed in oil and gas.
Global oil prices slide to multi-month lows as supply surges and demand weakens. Traders await key inventory data for recovery signals.
Baghdad has signed deals with foreign investors to capture gas that is now flared, worth $4 billion to $5 billion a year. Oil production releases large volumes of gas that are typically burned off, a
Oil prices fell in early trade on Wednesday, extending losses from the previous session, as investors weighed the International Energy Agency's warning of a supply surplus in 2026 and U.S.-China trade
Crude oil dipped to $57.77, breaching $58.36, but a bounce eyes reversal if it holds above $58.39 Fibonacci support.
Oil markets are losing ground as traders focus on the potential supply glut in 2026.
Oil futures drop 2% as bearish IEA forecasts and rising OPEC+ production weigh on crude. Traders eye $55.74 support with weak oil demand in focus.
The Tuesday session opened with a lot of negative pressure, and it now looks like the market is going to see more of a “fade the rallies” type of behavior. At this point in time, the market contin
The global oil market will tighten in the medium to longer term, a range of oil industry executives said in London this week, maintaining optimism despite a near-term glut driven by rising output.
Oil production from producers outside of the Organisation of Petroleum Exporting Countries (OPEC) will start to decline if oil prices fall to $60 per barrel, TotalEnergies CEO Patrick Pouyanne said on
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