NYSEARCA:XOP

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

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At Close: Jun 08, 2026
Oil prices steadied on Wednesday after falling in the previous session on concerns new U.S. tariffs set to be unveiled later in the day may deepen a global trade war that could limit crude demand.
Oil futures edge lower in the early Asian session as traders brace for President Trump's so-called “Liberation Day” tariff announcement due later today.

Why oil could fall to $60 a barrel

07:09pm, Tuesday, 01'st Apr 2025
Oil (CL=F, BZ=F) prices are expected to dip to the low $60-per-barrel range, similar to levels seen in 2021, as oversupply continues to plague the market. Macquarie Group global energy strategist Vika
Asking for a Trend anchor, Josh Lipton breaks down the market trends for April 1, 2025. Oil prices dip as tariff concerns and geopolitical pressures weigh on oil markets.
Crude oil hit $72.32 but faced resistance, forming a bearish reversal pattern. A pullback is likely if prices drop below $71.34, with support at $70.64.
President Donald Trump said the U.S. is imposing "secondary tariffs" on countries that import oil from Venezuela, with China likely the main target. Nations that buy Venezuelan oil would face 25% tari
Oil traders take some profits off the table ahead of the tariff announcement.
The crude oil market continues to react to the threat of more tariffs against the Russians, as the Ukraine war continues. At this point, the market is also starting to see a lot of interest due to sea
Crude oil prices hold gains above key support with a bullish outlook, fueled by sanctions, supply cuts, and geopolitical tensions.
Russia has ordered Kazakhstan's main oil export terminal, which handles crude pumped by U.S. majors Chevron and Exxon Mobil , to close two of its three moorings amid a standoff between Kazakhstan and
WTI crude rises to $71.60 on geopolitical tension, with bullish momentum building. Eyes on $73.11 as key resistance.
WTI Crude Oil breaks above the resistance at $70, while Natural Gas finds support.
Oil futures were mixed in the morning Asian session but may face a possible technical correction after the futures posted sharp gains overnight.
Oil prices dipped slightly on Tuesday as worries about the impact of a trade war on global growth outweighed concerns about a hit to supply from threats by U.S. President Donald Trump to impose second
Trump's threats against Iran provided additional support to oil markets.
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