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Buy XOP
$165.99
-5.03 (-2.94%)
At Close: Jun 05, 2026
Oil prices edge lower after industry data shows rise in U.S. crude, gasoline stocks
06:31am, Wednesday, 05'th Jun 2024
Oil futures ticked lower early Wednesday, feeling pressure after industry data showed an unexpected rise in U.S. crude inventories and a larger-than-expected increase in gasoline stocks.
Oil market 'oversold'? Analysts and traders pin crude's price plunge on demand, trading strategies
06:16am, Wednesday, 05'th Jun 2024
Oil prices have defied the announcement of extended supply cuts from the OPEC+ alliance with brisk declines. Oil prices bowed below $80 barrels per day despite this prospect of market tightness, with
What a Positive Correlation Between Oil & Rates Means
04:57pm, Tuesday, 04'th Jun 2024
What does a positive correlation between oil and rates mean? Nasdaq's Brian Joyce discusses the correlation between oil and rates.
Bull Signal Says Buy Oil Giant Ahead of OPEC+ Meeting
04:32pm, Tuesday, 04'th Jun 2024
Subscribers to Chart of the Week received this commentary on Sunday, June 2.
SCO: With The OPEC Meeting Behind Us, Oil Prices Will Stay Supported
03:13pm, Tuesday, 04'th Jun 2024
This article analyzes the ProShares UltraShort Bloomberg Crude Oil ETF within the context of the recent OPEC meeting and its impact on oil prices. OPEC+ extended oil production cuts to support prices
US lawmakers ask Justice Department to probe allegations of collusion between OPEC, oil companies
02:22pm, Tuesday, 04'th Jun 2024
A group of Democratic U.S. Representatives asked the Justice Department in a letter on Tuesday to probe "potential antitrust conspiracies" among U.S. oil producers and the OPEC oil production group.
Why oil's recent drop is not a recession signal — and good news for stocks
02:11pm, Tuesday, 04'th Jun 2024
The recent decline in oil prices is not a sign that the U.S. economy is heading for a recession — with the downward trend instead considered positive for stocks, according to DataTrek Research.
Gold, silver see sharp losses amid crude oil downdraft
12:54pm, Tuesday, 04'th Jun 2024
Jim Wyckoff has spent over 25 years involved with the stock, financial and commodity markets. He was a financial journalist with the FWN newswire service for many years, including stints as a reporter
Solid price pressure on gold, silver as crude oil slumping
08:18am, Tuesday, 04'th Jun 2024
Jim Wyckoff has spent over 25 years involved with the stock, financial and commodity markets. He was a financial journalist with the FWN newswire service for many years, including stints as a reporter
OPEC oil output rises in May, led by Nigeria, Iraq, survey shows
07:59am, Tuesday, 04'th Jun 2024
OPEC oil output rose in May, a Reuters survey found on Tuesday, as higher exports from Nigeria and Iraq offset the impact of ongoing voluntary supply cuts by some members agreed with the wider OPEC+ a
U.S. crude oil extends losses, fall below $73 per barrel on OPEC+ increasing supply
07:55am, Tuesday, 04'th Jun 2024
U.S. crude oil has erased most gains for the year and is now up just under 2% in 2024. In a surprise move, eight OPEC+ producers laid out a plan to phase out 2.2 million bpd in production cuts startin
Oil Prices Slump on OPEC+ Plan to Unwind Production Cuts
07:07am, Tuesday, 04'th Jun 2024
Oil futures declines extended Tuesday on concerns that the market will be oversupplied following OPEC+'s plan to return barrels to the market earlier than expected. Will Kennedy reports on Bloomberg T
Exxon, Chevron, Conoco Stocks Extend Declines Along With Oil Prices
06:56am, Tuesday, 04'th Jun 2024
The OPEC announcement over the weekend was widely seen as a plan to add back production from members' current coordinated cuts.
Oil prices extend slump triggered by OPEC+ move to phase out some production cuts
06:42am, Tuesday, 04'th Jun 2024
Oil futures fell Tuesday, extending a slide that took crude to its lowest close in four months in the previous session triggered in part by OPEC+'s decision to begin unwinding some production cuts lat
Why U.S. oil production isn't a huge threat to OPEC+ market share anymore
06:00am, Tuesday, 04'th Jun 2024
Assuming domestic oil production has reached its limit for now, the U.S. could pose less of a threat to OPEC+ market share moving forward.
