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
U.S. stocks traded higher toward the end of trading, with the Nasdaq Composite gaining more than 200 points on Thursday.
Traders stay focused on OPEC+ decision to postpone the production hike.
The oil markets look rangebound during the early hours of Thursday, as the markets continue to see a lot of back and forth action. At this point, the markets are likely to continue to watch demand com
Rebecca Babin, CIBC Private Wealth senior energy trader, joins 'Squawk Box' to discuss oil outlook ahead of the opening bell on Thursday.
Oil futures edged lower Thursday morning, extending a pullback seen a day earlier after the dollar surged higher in response to Donald Trump's victory in the U.S. presidential election.
WTI futures slip below $71.63 resistance as demand weakens; rising U.S. oil inventories and China's 9% import decline drive bearish crude outlook.
Global oil prices are expected to stay in the $70 to $80 per barrel range in 2025, similar to 2024, while geopolitical risks create uncertainty around supply, Russell Hardy, CEO of Vitol, the world's
Geopolitical tensions and Gulf supply risks drive oil and natural gas prices higher. Read our latest forecast for market movements and key levels to watch.
The oil and natural gas markets exhibit strong volatility and are seeking direction, while the US Dollar Index has surged following the US election.

Why Oil Prices Fell Following Trump Victory | WSJ

05:09pm, Wednesday, 06'th Nov 2024
WSJ's Heard on the Street columnist JinJoo Lee explains why oil prices fell the morning after the election even as major oil companies rallied. #Trump #Oil #WSJ
WTI oil moved back towards the $72.00 level.
U.S. crude oil inventories rose last week as imports grew, and stocks of gasoline and distillate fuels increased with refineries raising their capacity use.
Gasoline inventories increased by 0.4 million barrels from the previous week.
The election has come and gone, and it looks like oil is feeling the pinch. Afterall, the Trump Administration, with he help of the Republican Seante and House, will open up more drilling the USA, as
U.S. oil producers are looking forward to less regulations on crude production under a Donald Trump presidency, meaning higher oil supply and consequently lower prices. But it's not that straightforwa
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