NYSEARCA:XOP

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$165.99
-5.03 (-2.94%)
At Close: Jun 05, 2026
Markets Slide as Wildfires, Earnings, and Oil Prices Dominate Headlines U.S. stocks were under pressure Friday as a mix of devastating wildfires in California, surging energy prices, corporate earning
BP PLC (LSE:BP.) and Shell PLC (LSE:SHEL, NYSE:SHEL) shares ticked up on Friday in line with a surge in oil prices on fears around new US sanctions against Russia.
Oil jumps more than 4%, Brent breaks $80 as traders worry about tougher Russia sanctions
Oil futures rose sharply early Friday, trading at their highest since October with support tied to cold weather in the U.S. and elsewhere and supply concerns.
Crude oil futures rally, building on last week's 200-day moving average breakout, with the key target at $77.36.
Francisco Blanch, head of commodities and derivatives research at BofA Securities, discusses the outlook for oil prices. “Oil is likely going to come off into March," Blanch says on Bloomberg Televi
Geopolitical tensions and harsh winters fuel bullish trends, with Brent up 5.9% and WTI rising 6.9%.
Oil prices rose in early Asian trade and were on track for a third straight week of gains with icy conditions in parts of the United States and Europe driving up fuel demand for heating.

Oil Rises Amid Prospects for Solid Demand

09:06pm, Thursday, 09'th Jan 2025
Oil rose in the morning Asian session amid prospects for solid demand.
Testing Fibonacci retracements, crude oil's rally aligns with time symmetry, forming a bullish expanding triangle near the critical $75.74 resistance level at the 200-Day MA.
Oil markets are moving higher as traders bet that cold weather would boost demand for energy.
The crude oil market was somewhat quiet on Thursday, as the Americans will not have been involved. With this, the market is likely to continue to see a lot of noise, especially with the Friday session
Oil futures ticked higher early Thursday, steadying after setting back the previous session following data that showed a rise in product inventories that offset a fall in crude supplies.
Oil markets steady as traders weigh rising U.S. inventories against robust demand, with January crude forecasts at 101.4M bpd driven by winter needs.
Natural Gas prices drop 0.96% to $3.41 as bearish momentum dominates, with key pivot at $3.55 signaling potential reversal.
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