NYSEARCA:XOP

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$168.39
+2.40 (+1.45%)
At Close: Jun 08, 2026
WTI nears $67 after triangle breakout; Iran sanctions and OPEC cuts fuel upside. Brent gains while natural gas battles bearish trendline resistance.
Crude oil surged through resistance and confirmed a bullish breakout, with traders now watching $65.89 to $69.31 as key upside target zones.
Oil traders bet that supply of Iranian oil would decline.
Three scenarios for the sovereign credit outlook have emerged from the uncertainty over US trade policy – “tariff-light”, trade war, or a wider economic and financial crisis including introducti
The oil market seems to be looking to the upside, as the oil markets have been oversold. This is a situation where we continue to watch the tariff wars, and the US dollar for signs of where we could g
WTI crude breaks triangle pattern, targeting $67 amid bullish momentum, tight supply, and a weaker dollar lifting energy market sentiment.
Britain's BP is bracing for a shareholder backlash at its annual general meeting on Thursday, with a chorus of disgruntled investors planning to voice their concerns over the firm's green strategy U-t
U.S. Energy Secretary Chris Wright discusses his bullish outlook on America's shale industry amid plunging crude prices and mounting OPEC+ supply.
WTI crude oil is consolidating to form a support zone, while natural gas prices approach the key level of $3.
Oil rose in the early Asian session amid prospects of U.S.-China trade negotiations.
Oil prices extended gains on Thursday on the prospect of tighter supply after Washington imposed further sanctions to curb Iranian oil trade and as some OPEC producers pledged further output cuts to c
Weak dollar provides additional support to oil markets.

How tariffs are impacting oil prices

12:16pm, Wednesday, 16'th Apr 2025
Oil prices (CL=F, BZ=F) and gas (NG=F) have fallen 7% over the last month, with Trump's tariffs raising concerns about demand. Watt-Logic Energy Consultant Lathryn Porter joins Catalysts to discuss ho
The United States on Wednesday issued new sanctions targeting Iran's oil exports, including against a China-based "teapot refinery", as President Donald Trump's administration seeks to ramp up pressur
U.S. crude oil inventories rose by 515,000 barrels, while gasoline and distillate stockpiles fell as refineries lowered their capacity use.
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