NYSEARCA:XOP

Spdr(r) S&p(r) Oil & Gas Exploration & Production Etf ETF News

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$171.02
-0.110 (-0.0643%)
At Close: Jun 04, 2026
Oil prices edged higher on Tuesday, recouping some of the losses from the previous session, as traders focused on supply cuts by the world's biggest oil exporters Saudi Arabia and Russia and awaited d
U.S. oil futures fell by more than 1% on Monday, their largest daily decline in a week, according to Dow Jones Market Data. “Having come off the back of two weeks of gains, the same old concerns ove
Oil traders decided to take some profits off the table near the high end of the current trading range.
Oil demand from China and developing countries, combined with OPEC+ supply cuts, is likely to keep the market tight in the second half of the year despite a sluggish global economy, the head of the In
Crude oil markets have drifted a little bit lower during the early hours on Monday, but have also seen buyers jumping back in and trying to support the market.
Portfolio investors tip-toed back into crude oil as Saudi Arabia extended its unilateral production cut for at least another month, dissipating some of the extreme pessimism gripping the market at the
Oil futures fell on Monday after recording their largest weekly gain in three months on Friday, as traders await key supply data due out later this week.
Weak Chinese factory-gate prices are pressuring crude oil prices, offsetting the potentially bullish impact of Saudi Arabia and Russia's supply cuts.

Oil Shows Strength After OPEC+ Cuts

10:14pm, Sunday, 09'th Jul 2023
The oil market is starting to show signs of strength as the latest OPEC+ cuts take hold. The US, meanwhile, is buying 6 million more barrels of oil as it slowly rebuilds its emergency reserves.
Oil prices dipped in early Asian trade on Monday as investors tread cautiously ahead of fresh economic data from top consumers the United States and China this week, while expected crude supply cuts f
Oil markets test multi-week highs as traders remain focused on production cuts.
Sluggish demand has left the price of crude oil in the doldrums. At OPEC's latest meeting in Vienna the 13-member coalition of oil-exporting countries announced a new strategy aimed at tightening glob
Crude oil markets have been very quiet during the trading session on Friday, as traders continue to struggle with the 50-Day EMA.

Oil prices on track for weekly gains

08:00am, Friday, 07'th Jul 2023
Oil futures were slightly higher Friday, on track for weekly gains after data showed further declines in U.S. crude and product inventories this week.
Commerzbank on Friday cut its 2023 and 2024 oil price forecasts, reflecting pessimism in the market over the economic outlook despite supply cuts from key producers that could contribute to a deficit.
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