NYSEARCA:XOP

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$171.02
-0.110 (-0.0643%)
At Close: Jun 04, 2026
Oil prices eased on Monday as aid convoys started to arrive in the Gaza Strip over the weekend amid diplomatic efforts to contain a conflict between Israel and the Palestinian Islamist group Hamas fro
Amid geopolitical flux and Israeli-Palestinian tensions, WTI and Brent crude futures notch their second straight weekly gain.
Economist Stephen Moore discusses the impact of the Israel war on oil prices, and the U.S. economy.
Even if the Israel-Hamas conflict expands, falling oil consumption will keep prices in check, JPMorgan said. Higher prices, paired with declining currencies and surging borrowing costs, have cut into
Oil futures ended with a loss on Friday, but remained higher for the week with traders weighing the potential for the spread of violence in the Middle East following the start of the Israel-Hamas war
Traders take some profits off the table ahead of the weekend.
Andy Lipow, president of Lipow Oil Associates, joins 'The Exchange' to discuss oil market pricing in geopolitical risks, the potential for supply disruptions if Iran joins the Isreal-Hamas conflict, a
War in the Middle East could cause oil prices to surge to $140 a barrel and bring the world to the brink of a recession, according to Ana Boata, head of economic research at Allianz Trade. She speaks
Crude oil markets have initially dipped during the week, but then turned around to show signs of life again.
In light of Biden's move and Powell's remarks, crude oil news reveals bullish sentiment for WTI and Brent futures.
Oil futures rose Friday, on track for a second straight weekly gain after the Oct. 7 attack on Israel by Hamas that sparked a war that threatens to spillover across the region, potentially endangering
Israel-Gaza tensions and supply constraints from top producers are fueling a bullish oil market, further supported by dwindling U.S. inventories.

Oil, Gold Extend Gains Amid Middle East Tensions

09:44pm, Thursday, 19'th Oct 2023
Oil and gold are extending their gains in Asian trading after surging in the volatile New York session. Commodities have been the most sensitive assets to reports of fresh violence in the Middle East.
Oil prices extended gains on Friday, rising about 1% on fears that the Israel-Gaza conflict may spread in the Middle East and disrupt supplies from one of the world's top-producing regions.
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