NYSEARCA:XOP

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$171.13
+2.28 (+1.35%)
At Close: Jun 03, 2026
As refiners chase profits, a better way to gauge the oil shock's impact in America right now is through the price of gas and other oil products.
The effective closure of the Strait of Hormuz has prevented 20% of the world's exported jet fuel from making it to airlines around the globe, while also stopping one fifth of the world's crude oil fro
Crude oil has another choppy week, as it looks like we are trying to settle into a range.
The oil markets look to me as if they are trying to settle into a range. A wide one, but a range nonetheless.
U.S. futures diverged from falling stocks in Asia and Europe, with all of its major indexes in the green as investors looked past the rise in escalations.
Brent crude and WTI prices were rising early Friday as the U.S. and Iran exchanged strikes but the market is still hopeful of a peace deal.
Traders are embracing the “NACHO” trade as doubts grew over a quick Hormuz reopening. Oil and shipping markets signaled fears of a prolonged disruption.
Oil prices rose Friday after the U.S. and Iran exchanged fire in the Strait of Hormuz. President Donald Trump, in a call with an ABC News reporter later Thursday, insisted that the ceasefire remains i
Oil rose in early Asian trade amid signs of rising tensions in the Strait of Hormuz, a key waterway through which one-fifth of the world's oil is typically transported.
Oil futures moved higher late Thursday while stock-index futures were little changed after the U.S. and Iran exchanged fire in the Persian Gulf, and after a federal court struck down President Donald

US oil prices jump on US-Iran hostilities

06:20pm, Thursday, 07'th May 2026
U.S. crude ​futures rose ‌as much as 3% ​in early ​trading on Friday ⁠after ​renewed hostilities broke ​out between the U.S. and ​Iran.
Marley Kayden and Sam Vadas close out Thursday's market action with a glimpse at the energy markets as crude oil prices continue to be volatile with back-and-forth updates out of the Middle East. Plus
Crude oil continues consolidating near key moving average support as a developing triangle pattern points to a potentially sharp volatility breakout in coming weeks.
A pipeline that ships crude ​oil between the Permian basin in ‌West Texas and Houston was fully operational on Thursday after a brief outage due ​to a leak, operator ONEOK ​said.
Shell CEO Wael Sawan said it will take a long time to recover the supply lost due to the Iran war. Demand for jet fuel in the airline industry has been curtailed around 5%, Sawan said.
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