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
Francisco Blanch, Head of Commodities and Derivatives Research at BofA Securities, says oil oversupply fears are overstated, with China absorbing surplus and prices stabilizing near $70 by 2026.
Crystol Energy Chief Executive Officer Carole Nakhle discusses OPEC+'s decision to raise oil production by 137,000-barrel-a-day. "If I look at the demand side, I think China is the main component in t
Oil rises 1% to $61.7 as OPEC+ keeps supply steady and traders weigh geopolitical tensions, while natural gas holds firm above key support levels.
Oil prices rose about 1% at the start of trading on Monday after OPEC+ announced it would raise production from November by 137,000 barrels per day (bpd), the same modest monthly increase as in Octobe
U.S. stock futures were little changed Sunday, after the S&P 500 and Dow Jones Industrial Average ended Friday at all-time highs.
OPEC+ on Sunday agreed to increase crude production in November by another 137,000 barrels a day, despite rising concerns of a global glut.
OPEC's modest output hike adds to global crude oil surplus fears. Traders eye $55.74 as the next key level in the oil prices forecast.

OPEC and Allies Agree to Boost Oil Production

08:55am, Sunday, 05'th Oct 2025
The Organization of the Petroleum Exporting Countries wants to regain market share lost to U.S. shale producers, Brazil and Guyana.
OPEC+ will increase oil output further from November when it meets on Sunday, sources close to the talks said, with Saudi Arabia pushing for a larger increase to regain market share and Russia suggest
Crude prices have fallen this year as Riyadh has raised output, but risks abound for the oil-producing kingdom.
The major crude-oil producers known as OPEC+ are expected to agree to another monthly hike in oil-output quotas at a meeting this week — despite expectations for a global supply surplus this year an
Oil traders stay cautious as OPEC+ may boost production to gain market share.
Eight OPEC+ countries are likely to further raise oil output on Sunday with the group's leader Saudi Arabia pushing for a large increase to regain market share and Russia suggesting a more modest rise
The crude oil market continues to see a bit of negative, as we cannot hold onto the gains at this point in time. The market looks as if it is going to struggle, and it is starting to look more and mor
Traders eye WTI's 61.8% Fibonacci support at $59.91. A break below could trigger heavy selling as oil demand wanes and surplus risks rise.
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