NYSEARCA:XOP

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$171.13
+2.28 (+1.35%)
At Close: Jun 03, 2026
President Donald Trump is making it easier to move oil, fuel and fertilizer around the US by extending a 90-day shipping waiver. Robert McNally, Rapidan Energy Group founder, says the move could help
JPMorgan says oil prices are not reflecting reality, and demand destruction and higher U.S. pump prices are inevitable.
Oil prices surge as Iran fires on commercial vessels in the Strait of Hormuz. WTI reclaims $97.60, while Brent eyes a breakout toward $111.
Oil rose for a fifth-straight day as the Strait of Hormuz remained shuttered and neither the U.S. nor Iran signaled a return to peace talks in the near term.
Brent crude futures rose back above $100 a barrel early Friday.
Dow slips slightly with Brent crude trading around $106
Indonesia will import 150 million barrels of ​crude oil from Russia this year, Deputy Energy ‌Minister Yuliot Tanjung said on Friday.
Oil prices rose on Friday as investors stayed cautious despite a three-week extension of the Israel-Lebanon ceasefire. Israel and Lebanon agreed to prolong the truce following a meeting at the White H
Oil prices rose on Friday morning over fears of renewed military escalation in the Middle East after Iran released footage of commandos boarding ​a cargo ship in the Strait of Hormuz and on reports
Gulf oil production, sharply curtailed by the Iran conflict, is likely to mostly recover within a few months after the Strait of ​Hormuz fully reopens, but could take significantly longer, Goldman S

Oil Rises as Strait of Hormuz Remains Closed

08:11pm, Thursday, 23'rd Apr 2026
Oil rose in early trade amid the ongoing closure of the Strait of Hormuz. “The closure of the Strait of Hormuz remains the decisive factor,” Commerzbank Research said.
Brazilian researchers at the Maua Institute of Technology will begin tests to investigate the viability of raising the blend of biodiesel in ​diesel to 20% in May, Renato Romio, manager of the insti
Firefighters have brought under control a blaze that broke out at Russia's Black Sea Tuapse oil refinery after a ​Ukrainian drone attack, local officials said on Thursday.
Crude oil tests key resistance after reclaiming the 20-day average, with support levels below and Fibonacci targets above guiding the next potential directional move.
Brazil's government will ​formally announce on ‌Thursday a reduction of federal taxes on ​gasoline, it ​said in a statement, ⁠adding it will ​hold a press ​conference at 5 p.m. local tim
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