NYSEARCA:XOP

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$165.99
-5.03 (-2.94%)
At Close: Jun 05, 2026
Crude Oil futures drop amid high U.S. stocks and cautious Middle East outlook, signaling market volatility and short-term weakness.
As Brent crude stabilizes at $87.58, the market breathes a sigh of relief with reduced fears of Middle East escalation.
Venezuela's loss of a key U.S. license that allowed it to export oil to markets around the world and secure investment is expected to hit the volume and quality of its crude and fuel sales while promp
Oil prices rose in early trade on Thursday, slightly paring the previous session's losses after the United States said it would reinstate oil sanctions Venezuela, while the European Union talked of fr
Geopolitical tensions in the Middle East pushed the price of crude oil to a six-month high last week. Naturally, investor interest in oil stocks has increased significantly recently, boosting the sect
Oil tests weekly lows as traders stay focused on the situation in the Middle East.

Technical Breakdown: Bitcoin, S&P 500, Oil, Gold

01:10pm, Wednesday, 17'th Apr 2024
Stocks are extending this week's declines. Frank Cappelleri discusses this and looks at the technicals of the S&P 500, crude oil (/CL), gold (/GC), and bitcoin (/BTC).
Total motor gasoline inventories declined by 1.2 million barrels from the previous week.

U.S. Crude Oil Supplies Rise More Than Expected

10:50am, Wednesday, 17'th Apr 2024
Weekly commercial crude storage grew by 2.7 million barrels to 460 million barrels, while analysts predicted an increase of 600,00 barrels.
Crude oil markets continue to bounce around in a consolidation area, as the market has a lot of external factors pressuring it.
Crude oil traded lower on Wednesday for the third-straight day as prices of both the U.S. and international benchmarks continued to consolidate just below five-month highs reached earlier this month.
UK Foreign Secretary David Cameron said Wednesday that "it's clear the Israelis are making a decision to act" against Iran.
Oil prices are up around 16% so far this year near $90 a barrel, with supply worries high given escalating Middle East tensions and tit-for-tat attacks on energy infrastructure between Ukraine and Rus

3 Oil & Gas Stocks to Buy Now: Q2 Edition

06:05am, Wednesday, 17'th Apr 2024
The global oil and gas market is valued at $7.62 trillion and is projected to reach $9.34 trillion in 2028, representing a CAGR of 5.2%. Critical components of this rapid growth include modernization,
Economic fears and swelling U.S. stocks temper crude oil prices despite geopolitical stir
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