NYSEARCA:XOP

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$168.39
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At Close: Jun 08, 2026
Oil-dependent governments are coming under pressure from the lowest crude prices since the COVID-19 pandemic, with officials preparing policy responses for a drop in revenue such as issuing more debt
Oil prices fell on Friday and were set to drop for a second week on concerns prolonged trade war between the United States and China, the world's largest economies, will crush crude consumption as the

Oil Falls Amid Jittery Markets

08:15pm, Thursday, 10'th Apr 2025
Oil fell in the early Asian session amid jittery markets. President Trump's 90-day pause on steep ‘reciprocal' tariffs for most countries doesn't alleviate uncertainty, ANZ Research analysts said.
A sharp rebound after testing a long-term channel suggests crude oil may be stabilizing, though further volatility and support tests remain possible.

What oil prices are indicating about the economy

04:36pm, Thursday, 10'th Apr 2025
Oil prices (CL=F, BZ=F) are down double digits since the start of 2025 as US President Trump's trade war fuels worries about the global economy. Tortoise senior portfolio manager and managing director
Traders worry that U.S. – China trade war will hurt demand for oil.
“There's a lot of downside risk here” with oil and commodities “in the cross-hairs” of the trade war, Jeff Currie, chief strategy officer for energy pathways at Carlyle Group, said on Bloombe
U.S. stocks traded lower midway through trading, with the Dow Jones index dipping more than 4% on Thursday.
President Donald Trump's trade war has sent crude oil prices spiraling. Prices have reached levels where producers may pull back on drilling, undermining Trump's "drill, baby, drill" agenda.

Energy & Oil Impact on CPI

09:29am, Thursday, 10'th Apr 2025
Kevin Hincks says this market is "piling up good, hard data point" following a better-than-expected CPI and Jobless Claims report. He looks at the drop in gasoline and energy related prices that have
Amrita Sen, director of research at Energy Aspects, explains the factors that will continue to push oil prices lower this year. -------- More on Bloomberg Television and Markets Like this video?
The crude oil market continues to see a lot of noisy behavior, as we are trying to form some kind of range at this point. The markets will continue to try to get a grip on what happens next with the t
Trump's decision to increase tariffs on China, the world's second-largest economy and biggest crude importer, to an eye-watering 125% weighed on the market.
Oil outlook turns bearish as crude fails to clear key $63.70 pivot. Trade tensions, inventory build, and OPEC supply weigh on sentiment.
Jeff Currie, Chief Strategy Officer for Energy Pathways at Carlyle, says there's a lot of downside risk, with oil and commodities “in the cross-hairs” of the trade war. “I think oil probably has
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