NYSEARCA:XOP

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At Close: Jun 05, 2026

Why Evercore cut its Brent crude price target

12:18pm, Wednesday, 25'th Sep 2024
Steve Richardson, Evercore ISI senior managing director, joins CNBC's 'Money Movers' to discuss global oil demand and pricing, oil futures, and more.

Crude Inventories Decline By 4.5 Million Barrels

10:49am, Wednesday, 25'th Sep 2024
Gasoline inventories decreased by 1.5 million barrels, missing analyst expectations.
The crude oil market has fallen hard in the early hours of Wednesday, as the market continues to wait for the latest inventory numbers in the US, and of course we are looking at the anemic consumer co
Oil futures traded modestly lower early Wednesday, pulling back from strong gains seen the previous session amid a broad commodity rally sparked by China's announcement of an aggressive monetary stimu
Crude futures edge lower as China's stimulus fails to boost demand expectations. U.S. stockpile draws offer support, but traders brace for potential oil price corrections.
PBOC stimulus drives a major rally in U.S. mining stocks, with XME ETF surging 4.22%. Learn how China's recovery is lifting commodities and global markets.
Rising geopolitical tensions and China's economic stimulus create supply concerns, driving potential price increases in energy markets.
Oil prices steadied on Wednesday after rising in the previous session on fading excitement for the economic stimulus in China, the world's biggest crude importer, though an industry report showing fal
Crude oil encountered resistance after a strong rally. Short-term momentum points to minor upside potential, but the longer-term outlook remains bearish due to a triangle breakdown.
China's stimulus measures may boost demand for oil.

Why a repricing of oil is needed

01:59pm, Tuesday, 24'th Sep 2024
Amrita Sen, Energy Aspects director of research, joins ‘The Exchange' to discuss oil pricing, energy market futures, and more.

Peak Oil Demand Isn't on the Horizon, OPEC Says

01:17pm, Tuesday, 24'th Sep 2024
The cartel said oil demand is forecast to reach 120.1 million barrels a day in 2050 from 102.2 million barrels a day last year.
OPEC raised its forecasts for world oil demand for the medium and long term in an annual outlook, citing growth led by India, Africa and the Middle East and a slower shift to electric vehicles and cle
The Organization of the Petroleum Exporting Countries, OPEC, published its World Oil Outlook for 2024, with optimistic forecasts for robust oil demand growth. Other players in the market are far less
The crude oil market continues to see a lot of noisy behavior, as the markets are breaking above a resistance barrier, but at the same time, we are looking at this as a situation where the market star
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