NYSEARCA:XOP

Spdr(r) S&p(r) Oil & Gas Exploration & Production Etf ETF News

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$168.39
+2.40 (+1.45%)
At Close: Jun 08, 2026
Oil futures slipped in the early Asian session after OPEC+ on Saturday agreed to increase output in June for a second consecutive month.
OPEC+ will accelerate oil output hikes and could bring back to the market as much as 2.2 million barrels per day by November, five OPEC+ sources said as the group's leader Saudi Arabia seeks to punish
Oil prices sank Sunday while U.S. stock futures declined after the S&P 500 notched its longest winning streak in more than 20 years last week.
Oil prices fell more than $2 a barrel in early Asian trade on Monday as OPEC+ is set to further speed up oil output hikes, spurring concerns of more supply.
OPEC+ has agreed to surge production by 411,000 barrels per day in June. Oil prices in April posted the biggest monthly loss since 2021
OPEC+ ramps up output by 800,000 bpd, setting a bearish tone as weak oil demand and rising inventories pressure the global crude oil outlook.
OPEC+ plans to further accelerate oil output hikes and possibly unwind 2.2 million barrel per day of voluntary cuts through October 2025 if members of the group don't improve compliance with their pro
Kuwait's oil minister said that the OPEC+ meeting would significantly affect production policy formulation in the coming period, Kuwait's state news agency reported on Saturday.
For countries that depend heavily on oil revenue, dropping prices are worrisome.
Eight OPEC+ countries meeting on Saturday will likely agree a further accelerated oil output hike for June, four sources with knowledge of the matter told Reuters, the latest step in a plan to unwind
Oil prices (CL=F, BZ=F) are on the decline, and despite US President Trump's "drill, baby, drill" rhetoric, US oil production growth may be on track to stall or decline in the short term. Tortoise sen
Traders worry that OPEC+ will boost production in June.
Chevron Corporation (NYSE:CVX, ETR:CHV) said on Friday it will sharply reduce share repurchases this quarter to between $2.5 billion and $3 billion, down about 30% from the prior period, as lower oil
The crude oil market continues to see a lot of noisy behavior, as the market has to think about the potential slowdown economically, and of course the fact that the nations of OPEC continue to pump ou
Gas prices, though having risen slightly while oil prices continue to fall to prices not seen since 2021, could begin to dip downward despite the summer travel season.
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