NYSEARCA:XOP

Spdr(r) S&p(r) Oil & Gas Exploration & Production Etf ETF News

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$165.99
-5.03 (-2.94%)
At Close: Jun 05, 2026
The crude oil market continues to see a lot of noisy behavior, as the bottom has held firm in both grades that I follow for FX Empire. At this point, most traders have been trading this through a rang

OPEC+ Delays Oil Output Hike Once Again

08:41am, Thursday, 05'th Dec 2024
The Organization of the Petroleum Exporting Countries and its allies will further push back an oil production increase planned for January by three months amid softer prices and market concerns of an
Eight OPEC+ members will keep production cuts of 2.2 million barrels per day in place until April 2025, two delegate sources told CNBC. The cuts were originally supposed to start phasing out in Decemb
This production cut was previously due to start being phased out in December.
OPEC+ has agreed to delay its plan to raise oil output until April 2025, an OPEC+ source told Reuters while its meeting was underway, to provide additional support for the oil market.
RBC's Helima Croft contrasts what OPEC+ can do with oil production and prices against President-elect Trump's aim to "drill, baby, drill".
OPEC+ Set to Extend Cuts: Crude oil prices hinge on today's decision. Will supply limits lift futures above resistance levels?
Oil futures rose modestly Thursday morning, with the Organization of the Petroleum Exporting Countries and its allies expected to further postpone a proposed unwinding of production cuts in the face o
OPEC+ will delay its plan to raise oil output, currently set to start in January, when it meets online later on Thursday, an OPEC+ source told Reuters, to provide additional support for the oil market
Britain's Shell and Norway's Equinor on Thursday announced plans to combine their British offshore oil and gas assets to create a jointly owned energy company.
Bearish momentum dominates as natural gas hovers below key pivot levels. Could upcoming OPEC+ decisions reverse the trend?

Oil Edges Higher, Markets Eye OPEC+ Meeting

09:56pm, Wednesday, 04'th Dec 2024
Oil edged higher in the Asian session, trading in a tight range.
Oil prices rose on Thursday ahead of an OPEC+ meeting later in the day, with investors waiting to see what the producer group would do next on supply cuts while also monitoring tension in the Middle E
Demand worries put pressure on oil markets.
The oil markets continue to see a lot of sideways momentum, as we are looking to find a way to move in one direction or another. Ultiamtely, we will have to make a decision on directionality, but in t
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