NYSEARCA:XOP

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$165.99
-5.03 (-2.94%)
At Close: Jun 05, 2026
Oil prices have hit a four-month high due to a fresh wave of US sanctions on Russia's energy industry, threatening to crimp supplies. The jump in prices may also provide a challenge for central banker
Asian markets tumble as hawkish Fed signals and US-China trade tensions weigh on sentiment.
Goldman Sachs Global Commodities Research co-head Daan Struyven unpacks the impact of sanctions on the Russian oil industry on 'The Claman Countdown.'

Oil Rises on Strong U.S. Jobs Data

08:15pm, Sunday, 12'th Jan 2025
Oil rose in early Asian trade in the wake of more data signaling a strong U.S. economy.
Oil prices hit their highest level in more than three months on Monday's open, extending their rally on expectations that wider U.S. sanctions will affect Russian crude supplies to the world's top and
Cold weather and record LNG exports drive natural gas prices higher. Surging demand tightens supply, signaling a bullish start for the market on Monday.
The oil market has rallied after consolidating at the long-term support and has reached the short-term resistance area.
Hungary plans to hold talks with regional allies to counter the impact of higher oil prices resulting from a new round of US sanctions on Russia's oil and gas sector, Hungarian Foreign Minister Peter
Supply risks from Russia sanctions, OPEC cuts, and China's demand optimism fuel a bullish crude oil outlook. Discover what's driving prices higher.
Oil (CL=F, BZ=F) prices are decreasing, with Exxon Mobil (XOM) and Shell (SHEL) shares ticking down as they respectively cite narrowing refining margins and slowing natural gas (NG=F) sales. On Market
Mohamed El-Erian, Allianz chief economic advisor, joins 'Closing Bell Overtime' to talk the moves in oil, stocks, and yields.
David Zervos, Jefferies Chief Market Strategist and Bob Elliott, Unlimited CEO, joins 'Closing Bell Overtime' to talk the day's market action.
Oil prices rose Friday, touching prices last seen in the fall, as traders digested further U.S. sanctions on Russia.
Oil traders bet that new sanctions could disrupt supplies from Russia.
The crude oil market has launched higher on Friday as the jobs number in the United States shows just how hot the US economy is running. At this point in time, the markets are pulling back a little fr
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