NYSEARCA:XOP

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$165.99
-5.03 (-2.94%)
At Close: Jun 05, 2026
Crude oil extended gains Tuesday, breaking swing highs and key averages. A wedge breakout adds bullish momentum, though $67–$69 remains the decisive resistance zone to watch.
Oil markets are moving higher as the U.S. puts pressure on Iranian oil exports.
Gold extended its rally on Tuesday, climbing to yet another record high as expectations built around a US Federal Reserve rate cut later this month. Silver prices also remained near 14-year highs on T
Rob Thummel, Tortoise Capital senior portfolio manager, joins CNBC's 'Squawk on the Street' to discuss outlooks on oil prices, whether India and China plan to continue buying Russian crude, and much m
The crude oil market saw a lot of strength in the early hours of oil, as we are looking at a market that is still trying to settle into a range going forward. At this point, the markets are likely to
WTI crude rallies past key resistance, driven by Russia-Ukraine tensions and possible Fed easing, boosting oil demand and futures momentum.
Oil prices picked up on Tuesday amid questions over the stability of Russian oil supplies. Investors are also following the impact of U.S. pressure on key Russian oil consumer India.
China is acting as a “vacuum cleaner” in global oil markets, says Mukesh Sahdev, Senior VP & Head of Oil Trading at Rystad Energy. He explains India can't easily switch to U.S. oil as its refining
Natural gas holds near $2.97 while WTI and Brent extend gains above key levels, with OPEC+ and supply risks shaping the short-term energy market outlook.
Members of OPEC+ are set to meet Sunday to discuss production policy as the market braces for a global supply glut that is expected to pressure prices.
U.S. trade adviser Peter Navarro slammed India for buying discounted Russian oil and selling refined fuel at a premium, calling it profiteering. He also criticized Prime Minister Modi, saying it was �
Oil and natural gas prices are stabilizing as WTI consolidates on trade and geopolitical tensions, natural gas rebounds from key support with bullish patterns, and a weakening US dollar supports the b
Oil prices rose in early Asia trade on Tuesday as concerns about supply disruptions grew amid an escalation of the conflict between Russia and Ukraine.
The encouraging Manufacturing PMI report from China provided additional support to oil markets.
The oil markets continue to see a bit of consolidation, as we are likely to see a bit of noise due to the fact that it is Labor Day in the United States, and therefore volume will have been a bit lack
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