NYSEARCA:XOP

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At Close: Jun 08, 2026
Washington and Beijing agreed over the weekend in Switzerland to slash sky high tariff rates by 115%, U.S. Treasury Secretary Scott Bessent said Monday. Oil prices had plunged the lowest level in four
Crude oil surges over 3% as US-China tariff pause lifts oil demand outlook; traders eye key resistance at the 50-day moving average for a potential bullish breakout.

Saudi Aramco earnings hit by crude price drop

04:06am, Monday, 12'th May 2025
Saudi Aramco reported first-quarter profits of $26 billion, a 4.6% drop from the same period last year, as weaker oil prices weighed on earnings. The state-owned energy giant generated $108.1 billi
WTI crude oil tests $62.93 resistance after a key breakout. Can the rally continue, or is a correction ahead?
Oil prices rose on Monday after both sides in U.S.-China trade talks over the weekend touted their progress, which lifted market sentiment that the world's two largest crude users may be moving toward

Oil Rises Amid Improved Market Mood

07:48pm, Sunday, 11'th May 2025
Oil rose in early Asian trade amid an improved market mood after U.S. and Chinese officials concluded weekend trade talks.
Crude oil prices rebound 4.7% as trade optimism and strong China demand improve sentiment. OPEC supply plans remain a near-term cap on bullish oil outlook.
Saudi Aramco's first-quarter net profit fell 5% year-on-year amid lower oil prices and production.

Oil at $50? The High Cost of Cheap Crude.

07:51pm, Friday, 09'th May 2025
Oil prices are falling as the commodity gets squeezed by supply and demand woes: rising output from OPEC and soft demand from tariffs. Investors hope the big producers retrench.
The major oil producers known as OPEC+ did exactly what U.S. President Donald Trump has been asking for — and American producers may be the ones to soon pay the price.
Oil traders bet that U.S. and China would lower tariffs.
High on the agenda will likely be Israel-Gaza war ceasefire talks, oil, trade, investment deals, and potential announcements in the areas of advanced semiconductor exports and nuclear programs. Top of
The oil market seems to be looking for some reason to go higher, but at this point, we are waiting for the result of the meeting between Chinese and American officials in Switzerland this weekend.

U.S. Natural Gas Futures Gain Ground

10:07am, Friday, 09'th May 2025
Natural gas futures rose on largely technical moves with weather-related demand steady as air conditioning use rises and late-season heating demand fades.
Jim Wyckoff has spent over 25 years involved with the stock, financial and commodity markets. He was a financial journalist with the FWN newswire service for many years, including stints as a reporter
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