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
Gasoline inventories increased by 3.3 million barrels from the previous week.
During the early hours of Wednesday, crude oil markets were relatively flat as we are sitting in the middle of a larger consolidation range for both grades that I follow for FX Empire. Because of this
Oil futures edged higher Wednesday as traders turned their attention to a weekend meeting of OPEC+.
Crude oil steadies near $69.11 as traders await OPEC+ meeting. Key resistance levels and inventory data shape the short-term oil outlook.

Trump Treasury Nominee's Oil Math Doesn't Add Up

06:30am, Wednesday, 27'th Nov 2024
Boosting energy production is easier said than done, and the effect on the government deficit isn't clear either.
Just as the United States appears to be gaining ground in its battle against inflation, a potential trade war ignited by President Trump's proposed tariffs on Canadian, Mexican, and Chinese goods coul
Higher fuel prices could be in the cards if President-elect Donald Trump implements tariffs on Canada, said industry experts. U.S. refiners who rely on Canadian oil barrels could face lower margins, a
Geopolitical tensions and OPEC+ discussions impact WTI and Brent prices. Explore key levels, demand shifts, and inventory trends.
Crude production from Iraq, Kazakhstan, and Russia has declined in compliance with OPEC+ production cuts, supporting a modest near term upside to Brent prices, Goldman Sachs said.
Oil prices steadied in early trade on Wednesday, with markets assessing the potential impact of a ceasefire deal between Israel and Hezbollah, and ahead of Sunday's OPEC+ meeting.

Oil Prices Edge Higher Amid Supply Concerns

08:16pm, Tuesday, 26'th Nov 2024
Oil prices edged higher in early Asia trade on reports of potential further delays to OPEC's planned production hikes, ANZ research analysts said.
Amid consolidation, crude oil tests pivotal support zones and faces resistance near $71.79, signaling potential for either breakdowns or bullish reversals.
OPEC+ is facing a dilemma as the group of major oil producers meets this Sunday, thanks to expectations for a surplus in global oil supplies next year — and as U.S. President-elect Donald Trump's �
OPEC is unlikely to unwind voluntary production cuts in the short term, executives of global commodity trading giants Vitol, Trafigura and Gunvor said at the Energy Intelligence Forum in London on Tue
Oil markets are moving towards November lows.
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