NYSEARCA:XOP

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$165.99
-5.03 (-2.94%)
At Close: Jun 05, 2026
Precious metals rally as markets have calmed down after the recent panic.
The oil markets continue to see a lot of noisy behavior, as traders are trying to sort out whether or not they will remain content with lower prices. This is a market that I also believe will be looki
West Texas Intermediate has bounced back after crude inventories fell for the sixth week in a row. The oil market is now waiting to see whether Iran will follow through on its threat to strike Israel.

Oil prices edge lower after back-to-back gains

07:01am, Thursday, 08'th Aug 2024
Oil futures were off slightly early Thursday, consolidating after back-to-back gains as investors kept an eye on Middle East tensions and monitored developments in global financial markets as August g
Light crude oil prices hold steady to lower after gains, with Middle East tensions and falling U.S. crude inventories influencing the market.
Brent crude oil has approached a critical level and is poised for a rebound or a breakout.
WTI crude oil has surged past $75, sparking debate among traders: is this the start of a rally or a sell signal?
Oil prices edged higher on Thursday for the third straight session after government data showed a steep draw in U.S. crude stockpiles, rebounding from multi-month lows touched this week.
Oil markets enjoyed strong support as investors' risk appetite increased.
The oil markets have been very noisy over the past few sessions, but at this point in time, it is likely that we will continue to see even more volatility, as the global growth situation is still very

Crude Inventories Drop By 3.7 Million Barrels

10:57am, Wednesday, 07'th Aug 2024
Gasoline inventories increased by 1.3 million barrels, exceeding analyst expectations.
U.S. crude stocks fell while gasoline and distillate inventories rose in the week ending August 2, the Energy Information Administration said on Wednesday.
U.S. crude oil has risen to nearly $75 per barrel, after following equity markets lower earlier in the week on recession fears. Middle East tensions and ongoing OPEC+ production cuts are providing a f
Oil futures rose Wednesday, finding support as stock markets continued their recovery from a global rout that had served to pull down commodity prices.
Oil prices consolidate amid rising geopolitical tensions and surprising U.S. inventory data. Learn how these factors impact the crude oil market.
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