NYSEARCA:XOP

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$165.99
-5.03 (-2.94%)
At Close: Jun 05, 2026
Oil prices have gained more than 10% through Thursday's close since Iran hit Israel with ballistic missiles last week. The rally has eased, however, amid uncertainty over how Israel will respond.
Oil futures declined Friday but remained on track for back-to-back weekly gains as investors weighed the threat of a wider Middle East conflict that could threaten crude flows from the region.

Oil News: Prices Pull Back Amid Profit-Taking

06:35am, Friday, 11'th Oct 2024
Oil traders monitor the developments in the Middle East.
In order to avoid shocks to the energy sector, the U.S. and other Western nations maximized sanctions over the war with Ukraine without hurting Russia's oil industry.
Brent & WTI oil prices rise 1% as hurricane damage disrupts U.S. fuel supply, while Middle East tensions keep traders on edge.
As violence escalates in the Middle East, traders are scooping up oil-sensitive stocks and options. It's a risky strategy.
Oil eased on Friday after a rally the previous day, but prices remained set for a second straight weekly gain as investors weighed the impact of hurricane damage on U.S. demand against any broad suppl

Oil Falls; Choppy Trade May Continue

08:40pm, Thursday, 10'th Oct 2024
Concerns and uncertainty about possible Israeli retaliatory attacks on Iran's oil industry means markets will likely continue to see choppy trade going into the weekend, ANZ said.
Recent reports indicate that Israel may soon make a final decision on how it would respond to the recent attack from Iran.
Oil futures rose Thursday, bouncing after a two-day pullback, with support tied to continued worries over the potential for a more direct confrontation between Israel and Iran that could threaten Midd
WTI crude oil has rebounded from support but remains volatile, while natural gas is declining from the resistance level.
Oil prices rose in early Asian trade on Thursday on concerns about potential supply disruptions in the Middle East, with Israel planning to strike oil-producer Iran, and on spikes in fuel demand as a

Oil Rises, Supported by Middle East Tensions

08:45pm, Wednesday, 09'th Oct 2024
Oil rose in early Asian trade. Prices remain supported by rising Middle East tensions.

U.S. Crude Oil Stockpiles Rise More Than Expected

11:10am, Wednesday, 09'th Oct 2024
Inventories rose for a second consecutive week as production picked up and refineries reduced their capacity use, the EIA said.
The crude oil market has fallen significantly over the last day or two, as the market will continue to see a lot of questions asked about the global demand picture, as well as the geopolitics, which i
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