NYSEARCA:XOP

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$165.99
-5.03 (-2.94%)
At Close: Jun 05, 2026
The US Federal Trade Commission is investigating whether executives at major oil companies including Hess Corp., Occidental Petroleum and Diamondback Energy improperly communicated with OPEC off
Worries about China's demand serve as an additional bearish catalyst for oil markets.
Oil prices fell on Friday on renewed hopes of a ceasefire in Gaza, while a strong dollar further weighed on the market.
The crude oil market has been somewhat soft this week, as we continue to see a lot of noise overall. This time of year, is typically good for the market, and at this point in time, it makes sense that
The crude oil market dropped a bit in the early hours of Friday, as the market started to see a lot of noise yet again. Ultimately, this is a market that has a lot of interest in it at this point in t
Oil futures edged lower early Friday, with worries about the demand outlook out of China putting a damper on crude this week, while supply concerns have helped limit downside.
Oil prices stabilize as U.S. stockpile draw offsets China demand concerns. OPEC+ plans to unwind cuts.
Former President Donald Trump accepted the Republican nomination for President. Patrick Schoettmer, Seattle University, Associate Professor of Political Science, discusses with Joumanna Bercetche on H
USOIL drops to $80.70 amid a strong dollar and economic uncertainty, raising concerns about potential further sell-offs.
China's authorities have launched an investigation after a local report revealed that a major state-owned company had been employing tankers used for carrying fuel to transport cooking oil. Other truc

Crude Oil Price Forecast: Bull Signal Above 84.69

04:44pm, Thursday, 18'th Jul 2024
Crude oil's resistance at $83.69 marks a pivotal point. A breakout could confirm strength and lead to higher targets, with $87.90 in sight.
From a big picture point of view, oil traders ignore worries about China's demand and focus on the upcoming start of the Fed rate cut cycle.
Former President Donald Trump is scheduled to formally accept his Republican party nomination and speak at the Republican National Convention (RNC) tonight. The energy sector (XLE) will be hanging on
The crude oil market has ran into a significant amount of hesitation after a big move and has started to pull back a bit. With this, the market will be looking for a bounce just below.
U.S. oil jumped 2.6% in the previous session after crude inventories declined.
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