NYSEARCA:XOP

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At Close: Jun 08, 2026
Goldman Sachs anticipates the eight country OPEC+ oil group will implement a final 0.41 million barrels per day (mb/d) production increase in August, the bank said in a note dated Sunday.

Oil Rises Amid Geopolitical Tensions

08:40pm, Sunday, 01'st Jun 2025
Oil rose in the early Asian session amid geopolitical tensions.
Oil prices rebounded more than $1 a barrel in early Asian trade on Monday after OPEC+ decided to increase output in July by the same amount as it did in each of the prior two months, in line with mark
The largest group of oil-producing nations agreed over the weekend to sharply increase crude production for the third month in a row, a move intended to reassert control over the market by driving oil
Oil demand concerns and a stronger dollar weigh on crude futures as traders await the June 2 OPEC+ decision. WTI closes lower for a second straight week.
OPEC+ meets on Saturday to discuss an increase in oil output for July that may be larger than the 411,000 barrels per day (bpd) increases it made for May and June, sources familiar with OPEC+ talks to
Traders worry that OPEC+ may boost production by more than 411,000 bpd.
A decision by major oil producers this weekend could pull prices for crude down to their lowest levels since 2021, with demand tough to gauge against a trade-war backdrop and some countries failing to
The crude oil markets continue to find a lot of struggles at this point, as the market looks as if it is trying to find a bottom. However, this is a market that faces a lot of over supply at the momen
OPEC+ may discuss an increase in oil output for July at its meeting on Saturday larger than the 411,000 barrels per day (bpd) increases it made for May and June, sources familiar with OPEC+ talks told
Crude oil faces bearish pressure as WTI stalls below the 50-day MA and traders await OPEC+ clarity on output hikes and U.S. tariffs.
Analysts have revised down their oil price forecasts for the third consecutive month as swelling OPEC+ supply and lingering uncertainty around the impact of trade disputes on fuel demand weigh on pric
Again Capital's John Kilduff discusses the potential downside risks for oil prices, including OPEC+ increasing output again, fresh sanctions on Russian crude, and a potential Iran nuclear deal leading
A cadre of Greek shipping magnates has stepped back into the fold as the go-to distributors of Moscow's crude to the world.
WTI crude dips near $60 as OPEC+ signals output boost; US GDP shrinkage tempers demand outlook while natural gas tightens around $3.52–$3.70.
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