NYSEARCA:XOP

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$165.99
-5.03 (-2.94%)
At Close: Jun 05, 2026
Oil traders stay focused on U.S. – Iran nuclear deal negotiations.

OPEC's Moment of Truth Is Coming

01:01pm, Thursday, 12'th Jun 2025
The group's production decisions have confused the oil market. We will soon know how deep the cartel plans to dig in, Ben Cahill writes in a guest commentary.
U.S. President Donald Trump expressed frustration on Thursday that oil prices have risen amid supply concerns from potential conflict in the Middle East.
The crude oil market initially gapped higher to kick off the trading session on Thursday, as the market continues to see a lot of crosswinds. Having said this, the market still is likely to find buyer
JP Morgan downplayed geopolitical concerns on Thursday and maintained its base case forecast for oil prices to stay in the low-to-mid $60s through 2025 and $60 in 2026, but said certain worst-case sce
Oil prices fall 2% as traders watch Israel-Iran conflict

Morning Bid: Oil pops, dollar drops

07:10am, Thursday, 12'th Jun 2025
What matters in U.S. and global markets today
Repsol has delivered a 24% total return in six months, outperforming the S&P 500 and energy sector by an impressive margin thanks to its cheap valuation and gas focus. Despite oil price declines, the
Crude oil futures pull back as traders weigh Iran talks, easing tensions, and softening oil demand—setting a cautious near-term oil outlook.
Riyadh wants to squeeze U.S. frackers, although an all-out price war would be costly.

Devon Energy: Creating Value With Low Oil Prices

04:19am, Thursday, 12'th Jun 2025
I am rating Devon Energy with a Buy and a $40 price target based on historical valuations of a 4.8x EV/EBITDA multiple, assuming an average realized oil price of $62. Devon is generating value by redu
Various factors, including the start of summer driving season, have likely driven a recent crude spike.
UAE oil giant ADNOC has joined the fray of firms said to be circling some of BP's highly prized assets. A protracted period of underperformance relative to its industry peers has thrust BP into the sp
WTI crude eases after hitting $68.75 as supply fears and Fed rate cut bets drive oil and gas market volatility.
WTI crude oil hits strong resistance at $69 amid escalating geopolitical tensions, while natural gas consolidates above $3.
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