NYSEARCA:XOP

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$165.99
-5.03 (-2.94%)
At Close: Jun 05, 2026
The crude oil market was somewhat soft in the early hours of Wednesday, as the markets that I follow here at FX Empire are both pressuring the major resistance barrier. At this point in time, the mark

OPEC Sticks to Oil-Demand View

08:07am, Wednesday, 15'th Jan 2025
The Vienna-based cartel retained its oil demand forecast for this year after a series of cuts and projected broadly stable growth into 2026.
Oil futures were up modestly Wednesday, finding support after snapping a three-day winning streak that had been driven in part by wider U.S. sanctions on Russia as well as cold weather in much of the
OPEC on Wednesday forecast world oil demand in 2026 will rise at a similar, relatively robust rate to this year, while reducing its figure for 2024 for a sixth time highlighting China's sputtering rol
API reports a 2.6M-barrel crude draw, lifting prices, but EIA's bearish outlook looms as traders await the weekly inventories report.
The International Energy Agency slightly lowered this year's global oil-demand outlook, but said it still expects growth to accelerate on lower prices and an improving economic outlook in developed co
Crude stockpiles drop 2.6M barrels, boosting Brent near $82 resistance. Geopolitical tensions keep oil prices volatile.
Oil prices were little changed on Wednesday, after falling the previous day, as a dip in U.S. crude stockpiles and expectations of supply disruptions from sanctions on Russian tankers lent support ami
Oil edged higher in the early Asian trade as supply-side pressures from U.S. sanctions against Russia's oil industry likely supported prices, Exness said.

U.S. Forecasts Sliding Oil Prices

05:10pm, Tuesday, 14'th Jan 2025
Natural-gas prices are predicted to keep rising even as oil prices dip because of slowing demand growth.
Crude oil surged to 79.38, breaking resistance and confirming strength, but overbought signals suggest a possible pullback or consolidation before further gains.
Host of "Oh My World!" and former US Treasury Spokesperson for Terrorism and Financial Intelligence Hagar Chemali joins Catalyst to discuss oil (BZ=F, CL=F) market moves amid recent US sanctions again
Giovanni Staunovo of UBS Global Wealth Management discusses the expanded U.S. sanctions on Russian energy, and how high he thinks oil prices could go.
Oil markets pull back from multi-month highs as traders take some money off the table.
GasBuddy Head of Petroleum Analysis Patrick De Haan joins Asking for a Trend to discuss Monday's oil (CL=F, BZ=F) price rally. De Haan attributes the price surge to EU and American sanctions on dark v
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