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
OPEC+ is likely at its meeting on Thursday to extend its latest round of oil output cuts until the end of the first quarter, four OPEC+ sources told Reuters, to provide additional support for the oil
Weak Manufacturing PMI data from Europe put pressure on oil markets.
The crude oil market continues to see a lot of sideways action. The markets rallied a bit in the early hours of Monday, but ultimately, there is no real sign of anything changing soon.
Oil futures rose on Monday, bouncing after losing ground in a choppy November in response to a cease-fire between Israel and Iran-backed Hezbollah.
Top oil exporter Saudi Arabia is expected to slash crude prices for Asian buyers in January to the lowest in years, largely tracking a slump in Middle East benchmark prices last month, traders said on
OPEC+ output decisions dominate markets, while geopolitical tensions and Chinese demand shape price volatility.

Oil Rises; Focus on OPEC+ Meeting

08:43pm, Sunday, 01'st Dec 2024
Oil rose in early Asian trade with traders focus on the coming OPEC+ production policy meeting on Thursday
Oil prices edged up on Monday supported by upbeat factory activity in the world's second largest oil consumer China and as Israel resumed attacks on Lebanon despite a ceasefire agreement, stoking tens
Crude oil drops 4.55% to $68, pressured by oversupply forecasts. Can OPEC+ extend deeper cuts to reverse bearish market sentiment?
Oil markets are under pressure amid lack of positive catalysts.
The crude oil market continues to see a lot of sideways action overall, as the market is trying to build some kind of base. At this point, the market is going to continue to see a lot of shorter term
The crude oil markets are sideways again, as the markets are trying to form some kind of base. At this point in time, the market is looking very sideways, and therefore, short-term traders will contin
Oil futures fell Friday and were on track for hefty losses, feeling pressure after a cease-fire between Israel and Iran-backed Hezbollah helped soothe remaining worries over a wider conflict that coul
Oil prices drop over 3% this week as Israel-Hezbollah truce eases supply fears. OPEC+ output cut decisions and 2025 surplus forecasts weigh on the outlook.
Oil prices could stall in 2025 as economic weakness in China clouds the demand picture and ample global supplies outweigh support from an expected delay to a planned OPEC+ output hike, a Reuters month
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