NYSEARCA:XOP

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$165.99
-5.03 (-2.94%)
At Close: Jun 05, 2026
Economic uncertainties and rising production drive a bearish outlook in crude oil markets, overshadowing Middle East tensions.
Oil prices fell for a second day on Monday as economic headwinds pressured the global oil demand outlook and outweighed geopolitical concerns in the Middle East and an attack on a Russian fuel export
Oil prices stable inside a month's range; OPEC upbeat, IEA cautious; next week's market likely rangebound, but Middle East tensions are a wildcard.

Will Oil Go Back To $100?

09:29am, Saturday, 20'th Jan 2024
If tensions in the Middle East rise, and the Suez Canal loses most of its traffic because of risk to shipping due to attacks by Houthi rebels, oil prices will rise.
Oil traders have been closely watching developments in the Middle East for any signs of disruption to global supplies, but the major players in the conflict have engaged in “calibrated” moves to a
Oil prices moved away from session highs amid demand worries.
Max Layton, Citi global head of commodities research, joins 'Money Movers' to discuss what's putting the entire commodities sector at risk, how what's happening in the Red Sea impacts what's happening
We remain optimistic about near-term prices for crude and advise investors to buy stocks like OII, HLX and SUN.
Oil prices are being impacted by geopolitical unrest, U.S. production disruptions, Middle Eastern tensions and China's economic recovery.
Thursday's price surge reflects OPEC's estimate of rising global oil demand, market disruptions from Mideast tensions and U.S. production issues.
Oil prices edged higher on Thursday as OPEC forecast relatively strong growth in global oil demand over the next two years and a cold blast in the U.S. disrupted some oil production.
Stocks were relatively flat on Tuesday, following a three-day weekend. The S&P 500 fell less than 0.5% and the Nasdaq Composite was off around 0.2%. With little in the way of economic data and the hea
The crude oil market pulled back just a bit during the trading session on Wednesday, but still sees plenty of support just below that a lot of people will be paying close attention to as we continue t
Amid escalating tensions in the Middle East, Natural Gas and Oil prices witness a significant downturn, reflecting global market sensitivities.
Saudi Arabia's cut in official crude oil selling prices to Asia reflects weaker fundamentals of supply and demand, and does not imply a looming shift in OPEC+ policy or a fight for market share, analy
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