NYSEARCA:XOP

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$165.99
-5.03 (-2.94%)
At Close: Jun 05, 2026
U.S. stocks traded mixed midway through trading, with the Dow Jones index falling around 0.2% on Friday.
The crude oil markets that I follow here at FX Empire are still range bound at this time. However, it is worth noting that we are getting close to the bottom of the range, so a bounce could be possibl
The crude oil markets that I follow here at FX Empire are both doing the same thing, which is to say they are testing the lower end of the range that they have been in for some time. At the end of the
@ProsperTradingAcademy's Mike Shorr notes signs of strength in the November jobs report. He doesn't see that same strength in Gold, calling it a "non-trade.
Speaking to CNBC's Dan Murphy on Friday, Saudi Energy Minister Abdulaziz bin Salman said OPEC+ had to undertake a "reality check" and reconcile supply-demand signals with market sentiment. The ministe
Oil futures fell Friday and were on track for weekly losses a day after a decision by the Organization of the Petroleum Exporting Countries and its allies to further postpone a planned unwind of produ
WTI and Brent futures decline on weak demand and rising supply. OPEC+ cut extensions to 2026 fail to offset fears of a growing surplus.
Herman Wang of S&P Global Commodity Insights discusses the headwinds OPEC+ is facing after the organization delayed its planned output hike again.
Global oil markets face uncertainty as OPEC+ extends production cuts, citing sluggish demand and rising non-OPEC supply growth.
Oil prices slipped in early Asian trading on Friday, with weak demand in focus after the OPEC+ group postponed planned supply increases and extended deep output cuts to the end of 2026.
Oil edged lower in early Asian trade. Trade remains in a tight range despite OPEC's decision to keep voluntary production cuts, ANZ Research said.
Oil markets in 2025 could face turbulence if President-elect Donald Trump reintroduces strict policies toward Iran.

OPEC+ Delays Revival of Its Oil Production

03:10pm, Thursday, 05'th Dec 2024
OPEC+ delayed the revival of its oil production by three months, the third time it's deferred the move while crude prices struggle amid a looming surplus. -------- Watch Bloomberg Radio LIVE on YouTub
Oil traders remain worried about weak demand.
OPEC+ at its Dec. 5 meeting made further changes to its oil production policy, by delaying a planned increase in output further into next year as it faces a weaker oil demand outlook.
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