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
Short-covering may have played a significant role in the rally.
Oil prices have surged amid escalating tensions in the Middle East, with traders hedging against a "worst-case scenario" that could see prices climb to $100 a barrel.
The crude oil market continues to rally overall, as the demand for oil, the geopolitical issues, and even yet another hurricane all come into the picture to suggest that supply could be threatened.
The company is expected to divest $10 billion to $15 billion of assets by 2028.
Alan Gelder, VP refining, chemicals and oil markets at Wood Mackenzie, discusses oil supply.

4 ETF Investing Areas That Ruled Last Week

09:01am, Monday, 07'th Oct 2024
Wall Street delivered a muted performance last week due to a host of global tensions.
Crude oil prices surge as Middle East tensions escalate, pushing futures past $76. Traders eye $80, with OPEC+ supply in focus amid possible disruptions.
Helima Croft, Head of Global Commodity Strategy at RBC Capital Markets, highlights concerns about possible attacks on key oil infrastructure and the potential for price spikes if the conflict escalate
Crude oil prices started the week off higher.
Crude benchmarks ticked up on Monday, which is the one-year anniversary of Hamas' Oct. 7 strike on Israel.
Rising geopolitical risks may push natural gas and oil prices higher. See what's next for the energy sector in 2024.
Edward Bell, head of market economics at Emirates NBD, says that oil markets are trying to price in the 'worst-case scenario,' if energy infrastructure are targeted in the Mideast conflict.
Pavel Molchanov of Raymond James says there's limited upside to oil prices, but enumerates the scenarios that could still disrupt the markets.
Oil companies try to persuade the former president and his Republican allies not to slash provisions of the Inflation Reduction Act potentially worth billions.
Lucas Oil CEO Morgan Lucas discusses the impact of the Middle East conflict on oil, the demand for crude oil and automation being at the helm of the port worker strike.
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