NYSEARCA:XOP

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$171.02
-0.110 (-0.0643%)
At Close: Jun 04, 2026
Oil's rally has been a boon for family offices who invested in oil after traditional investors stepped away from the sector in part due to ESG pressures. While many investment firms of the ultra-wealt
Asia faces oil shock pressure, but stronger reserves reduce crisis risk. Economists said this was a supply shock, not a financial crisis like the one in 1997.
Traders wary that traffic through the Strait of Hormuz is still restricted.
Goldman Sachs is warning of a painful gas squeeze as much of Qatar's supply remains offline. Qatar's liquefied natural gas infrastructure is severely damaged.
WTI Crude stabilizes near $98 after a historic 19% plunge triggered by easing Middle East tensions. Discover why the 0.618 Fibonacci level is now the critical floor.
Oil prices rebound as ceasefire uncertainty and ongoing Middle East tensions keep supply risks elevated, with volatility likely to persist as markets balance geopolitical developments and key technica

Oil Rises on Renewed Supply-Disruption Concerns

08:14pm, Wednesday, 08'th Apr 2026
Oil rises in early trade on renewed supply-disruption concerns. Oil-tanker traffic through the Strait of Hormuz, a key waterway through which one-fifth of the world's oil is transported, has been halt
U.S. crude futures rose on Thursday morning after settling ​with the biggest fall since ‌April 2020 during the previous trading session, after U.S. President Donald Trump ​agreed to a two-week �
The price for actual Brent oil cargos came in above $120 per barrel on Wednesday, nearly $30 more than the June futures contract. The spot price shows that oil supplies will stay tight for some time,
It took Iran no time at all to cause the largest oil shock in history. Undoing it won't be easy.
The Iran crisis threatened “the largest geopolitical oil supply disruption in history,” the Dallas Fed warned.
Cheaper U.S. natural gas is a bright spot for consumers in otherwise dim energy markets. But the contrast is so stark it has created an anomaly.
Oil prices are under strong pressure as traders prepare for direct negotiations between U.S. and Iran.
Of the S&P 500's top 20 biggest decliners, 19 companies are in either the oil and gas or the fertilizer business, and the other one is in agriculture.
U.S. crude oil inventories rose for a seventh consecutive week, while gasoline and diesel stockpiles fell, according to data released Wednesday by the U.S. Energy Information Administration.
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