NYSEARCA:XOP

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At Close: Jun 05, 2026

Oil Falls as Markets Digest IEA Report

10:29pm, Thursday, 12'th Dec 2024
Oil edged lower in early Asian trade as traders digested the IEA monthly report that said that the current market balance still indicated a 950,000 barrels a day supply surplus next year.
Oil prices inched lower on Friday as investors focused on a forecast of ample supply and shrugged off expectations of higher demand next year from Chinese stimulus measures, while eyeing another Feder
Crude oil attempts bullish breakout from falling wedge pattern suggesting potential gains, targeting 73.27 and higher levels, supported by Fibonacci and technical signals.
Traders ignore demand worries and focus on geopolitical tensions.
The crude oil market continues to see a lot of noisy action, as the top of the range continues to offer a bit of a brick wall in the market. However, there are still range bound opportunities at this
Oil prices were higher in recent trade Thursday as talk of new curbs on Russian and Iranian supply helped keep the price of U.S.-traded crude above the critical $70 a barrel level.
Oil prices face mixed signals: China's easing policies boost demand hopes, but IEA forecasts a 950,000 bpd surplus challenging OPEC+ strategies.
OPEC lowers 2025 oil demand growth outlook amid weak demand forecasts, rising U.S. inventories, and non-OPEC supply pressures. What's next for energy markets?
Oil prices were little changed in early Asian trade on Thursday as forecasts of weak demand and a higher-than-expected rise in U.S. gasoline and distillate inventories stemmed gains from an additional

Oil Rises; Focus on Fed, IEA Report

08:36pm, Wednesday, 11'th Dec 2024
Oil rose in early Asian trade. Oil has priced in a little geopolitical risk premium on the tightening of sanctions against Russia by the U.S. while prospects of a Fed rate cut may also be boosting mar
The bearish EIA report did not put pressure on oil as traders focused on geopolitical developments.
The oil major's big investment plans come at a time when most analysts expect oil prices to fall next year.
U.S. crude-oil inventories fell for a third consecutive week as imports declined, offsetting a rise in domestic production to a record level.
The crude oil market has risen in the early hours of Wednesday, as the market continues to ask questions about the idea of energy demand, oil supply, and the geopolitical issues that could in fact hav
Gasoline inventories increased by 5.1 million barrels, exceeding analyst expectations.
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