NYSEARCA:XOP

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-5.03 (-2.94%)
At Close: Jun 05, 2026
Oil prices slip 3% as China's demand weakens and resistance levels hold. Will geopolitical tensions continue to support the market?
Oil fell for a third session after a report from the Washington Post that Israel may avoid targeting Iran's crude infrastructure. Bloomberg's Anthony Di Paola breaks down the situation.
Oil and natural gas prices are experiencing bearish pressure following the release of China's CPI and PPI data, along with ongoing geopolitical uncertainty.
Oil prices slid $2 in early Asian trade on Tuesday as OPEC lowered its outlook for global oil demand growth in 2024 and 2025 and a media report that Israel is willing to strike Iranian military and no

Oil Falls Amid Worsening Sentiment

08:38pm, Monday, 14'th Oct 2024
Oil fell in the early Asian session amid worsening sentiment.
OPEC cut its estimate for China's crude oil demand growth in 2024 for a third straight month in October, but the producer group is still massively optimistic given the reality of falling imports.
Crude oil prices could jump if supplies are disrupted by conflict in the Middle East, analysts at Citi Research said.
OPEC reduced 2024 demand growth forecast from 2 million bpd to 1.9 million bpd.
The possibly that Saudi Arabia will lift the “floodgates” on its oil production has climbed in recent weeks, fueled by ”deteriorating cohesion” among a group of major oil producers known as OP

OPEC Cuts Oil Demand Outlook, Again

01:12pm, Monday, 14'th Oct 2024
Crude oil prices fell 2% Monday after the Organization of the Petroleum Exporting Countries (OPEC) reduced its oil demand outlook for 2024 and 2025 once again, citing data received so far this year.
Dan Yergin, S&P Global vice chairman, joins CNBC's 'Money Movers' to discuss outlooks on the oil markets as demand in China falls and tensions rise in the Middle East.
Crude oil continues to see a lot of noise in general, as the market continues to be focused on the global economy, and of course the geopolitical issues that always are a problem.
Biraj Borkhataria, RBC Capital, discusses the current state of the oil and gas market amid Middle East tensions. He notes a mix of factors affecting prices, including soft demand in China and potentia
Traders have been banking on more robust stimulus in China to boost the world's second-largest economy. The market, meanwhile, continues to monitor the Middle East in anticipation of a retaliatory str
Lack of clarity on China's economic stimulus plans sent oil futures tumbling on Monday, as traders adopted a wait and see approach to the impact of rising tensions in the Middle East.
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