NYSEARCA:XOP

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$165.99
-5.03 (-2.94%)
At Close: Jun 05, 2026
The oil markets look likely to take a bit of a break on Tuesday, as early hours trading have seen the markets pull back a bit form the massive resistance barrier that I have been watching. However, I
Saul Kavonic of MST Financial says that President-elect Trump's likely "maximum pressure" approach on Iran could lead to oil supply being tighter than what he wants and that the geopolitical risks for
The European Union's foreign affairs chief Kaja Kallas said Ukraine's allies should work toward lowering the price cap on Russian oil to deprive Moscow of revenue. Russia is "struggling because thei
Oil futures pulled back Tuesday, giving back some ground after a three-day rally boosted by a new round of U.S. sanctions on Russia's oil industry lifted crude prices to four-month highs.
Crude oil markets brace for inflation data as Russian sanctions threaten supply. WTI futures target $81.33 but face resistance near $79.61 first.
Oil holds near $80 as U.S. sanctions tighten supply; traders eye upcoming inflation reports for clues on Fed rate cuts.

Oil Market: Will Prices Stay High?

01:47am, Tuesday, 14'th Jan 2025
Oil rallied to a multi-month high this week after the US tightened restrictions on Russia's energy industry and as the world prepares for the incoming Trump administration and its potential trade tar
WTI crude oil and natural gas prices continued to rally in the first quarter of 2025 due to strong seasonal demand and US sanctions on Russia.
Oil prices slipped at market open on Tuesday but remained near four-month highs as Chinese and Indian buyers sought new suppliers in the wake of the Biden administration's toughest sanctions yet on Ru
Oil slipped in early Asian trade. Prices had recently extended their gains as traders fretted over tightened supplies after the U.S. imposed sanctions on Russia's energy industry, ANZ Research said.
New U.S. sanctions on Russian oil may hurt oil supplies in the near term.
The cost of the wildfires in LA could be about $250-$275 billion, the Biden administration sanctions Russian oil and global risk in the bond market. Manus Cranny reports
The crude oil markets continue to see buyers on Monday, as we are now pressuring the significant ceiling in the market, and as a result, this is a scenario where I think a pullback might be necessary.
Oil futures were up strongly Monday, with Brent crude on track for its first finish above $80 a barrel since August, as investors assess the potential hit to supply from a further tightening of sancti
Crude oil prices soar as U.S. sanctions tighten Russian supply. Traders focus on Brent's $85 target and WTI's strength amid supply disruptions.
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