NYSEARCA:XOP

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$171.02
-0.110 (-0.0643%)
At Close: Jun 04, 2026
Brent and WTI futures ended last week lower, continuing a downward trend, yet optimism persists for a potential oil market recovery this week.
Today's oil rally, spurred by OPEC+'s cuts and short-covering, balances gains with 4% weekly losses and a dip in U.S. output.
Warren Pies, 3Fourteen Research co-founder, joins 'Closing Bell Overtime' to talk the crude oil market.

Oil prices fall for a third week in a row

02:50pm, Friday, 10'th Nov 2023
Oil futures finished higher on Friday, but posted a third straight weekly loss. “Oil pundits forecasting widespread oil shortage this year is old news, and the reality is that physical markets are f
The crude oil market has fallen rather significantly during the course of the trading week, as traders are starting to focus on the idea of a potential recession.
Crude oil markets have rallied again during the trading session on Friday as we continue to see a lot of noisy behavior.
Natural gas settled near the $3.00 level as weather forecasts remained bearish.
Oilfield service companies that cater to U.S. shale oil and gas producers are turning sour on fourth quarter demand, with clients keeping a tight grip on their wallets after largely exhausting their 2
Oil futures were slightly higher Friday, but remained on track for a third straight weekly decline as worries about the outlook for demand have overtaken supply risks tied to the Israel-Hamas war.
WTI and Brent oil prices stabilize despite longest losing streak since May, as eased Israel-Hamas tensions, China's economic concerns impact market.
Oil prices show stabilization but face a third weekly decline. Middle Eastern supply risks decrease, while Chinese demand concerns grow.
Oil prices were little changed on Friday after rising in the previous session but are set to fall for a third week as concerns of supply disruptions from the Israel-Hamas conflict have ebbed allowing
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Oil futures finished a bit higher on Thursday after posting two consecutive session declines. The oil market's “recent collapse suggests not only has the market taken out the risk of a loss of suppl
Oil prices are moving higher as some traders are willing to buy the dip.
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