NYSEARCA:XOP

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$165.99
-5.03 (-2.94%)
At Close: Jun 05, 2026
Helima Croft, RBC Capital Markets global head of commodity strategy, joins 'Closing Bell: Overtime' to discuss oil at 2-month highs, the energy outlook, and hurricane impact.

Crude Oil Flat After Hitting Multi-Month Highs

11:21am, Wednesday, 03'rd Jul 2024
Crude oil (/CL) is flat after hitting multi-month highs. Arlan Suderman discusses the dollar (/DX) strength on commodities.
Gasoline inventories decreased by 2.2 million barrels from the previous week.
Gasoline prices are averaging $3.51 per gallon ahead of the Fourth of July, up about 2 cents from last week.
Rebecca Babin, Senior Energy Trader at CIBC Private Wealth, discusses oil prices in response to the summer driving season and Hurricane Beryl.
Oil futures were trading near unchanged early Wednesday after giving back earlier gains sparked by industry data showing a large drop in U.S. crude inventories.
Shrinking U.S. inventories, geopolitical risks, and anticipated strong summer demand create a supportive environment for crude oil prices.
Natural gas prices dropped to $2.442, down 0.81%, raising questions about a potential bullish reversal amidst inventory drawdowns and Middle East tensions

Hurricane Beryl: How Is it Affecting Oil Markets?

02:12am, Wednesday, 03'rd Jul 2024
Hurricane Beryl has devastated several islands in the eastern Caribbean, but it is forecast to lose some strength before it reaches Jamaica. It will likely still be a major storm, with winds in excess

Oil prices inch up on large US crude stock draw

09:13pm, Tuesday, 02'nd Jul 2024
Oil prices edged higher in early Asian trade on Wednesday after industry data showed a bigger-than-expected draw in U.S. crude stockpiles, boosting hopes of solid fuel demand during the summer driving
Hosted by Brian Sullivan, “Last Call” is a fast-paced, entertaining business show that explores the intersection of money, culture and policy. Tune in Monday through Friday at 7 p.m.
Crude oil's rally to 84.64 reversed at key resistance, forming a bearish shooting star pattern and indicating a likely pullback before another breakout attempt.

The Supply & Demand of Crude Oil This Summer

03:38pm, Tuesday, 02'nd Jul 2024
Oil prices are higher in hopes of a robust summer driving season, notes Ellen Wald. She and David Hay discuss oil and gas, as crude oil remains above the $80 level.
Amos Hochstein, deputy assistant to the President, and senior advisor for energy and investment, says the US gas and oil supply are stable. He says there is enough oil in the Strategic Petroleum Reser
Oil traders take some profits off the table near multi-week highs.
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