NYSEARCA:XOP

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

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$171.13
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At Close: Jun 03, 2026
U.S. crude oil refining capacity has reversed two years of declines and climbed by more than 100,000 barrels, to 18.1 million barrels per day (bpd), according to a government report released on Wednes
The crude oil markets have rallied just a bit during the trading session on Wednesday but still face the 50-Day EMA above.

Oil steadies ahead of testimony by Fed's Powell

08:05am, Wednesday, 21'st Jun 2023
Oil futures steadied early Wednesday as investors awaited congressional testimony by Federal Reserve Chair Jerome Powell amid worries over tightening monetary policy by major central banks and the out
WTI oil prices bounce back as investors anticipate hawkish comments from Fed Chair Powell and a potential U.S. crude stock draw.
Oil prices weakened on Wednesday, extending falls to a third straight day, as the dollar strengthened on a U.S. housing market recovery while fears persisted that monetary stimulus may not be enough t

Oil prices slide amid potential China stimulus

06:41pm, Tuesday, 20'th Jun 2023
Yahoo Finance markets reporter Ines Ferre breaks down energy markets' risk-off sentiments as China considers proposed economic stimulus.
China's rate cuts met analyst expectations but traders wanted to see a more aggressive approach.
The crude oil markets tested the 50-Day EMA on Tuesday, only to turn around and fail again.
China's disappointing rate cut raises oil demand worries; surging crude exports from Iran and Russia counteract OPEC+ cuts, adding to supply concerns.
Oil prices were mixed on Tuesday ahead of a decision on lending benchmarks by China, with the world's second-largest economy widely expected to cut key rates to shore up a slowing recovery.
Oil traders decided to take some profits off the table after the recent rebound.

Oil Prices Fall On Fears Over China Growth

05:54am, Monday, 19'th Jun 2023
The world's second-largest economy hasn't bounced back as quickly as expected after Beijing relaxed Covid-19 restrictions.
Global oil prices face a significant decline as worries over China's economy outweigh the impact of OPEC+ cuts and oil rig reduction in the US.
Global oil prices fell on Monday, backing off last week's gains as questions over China's economy outweighed OPEC+ output cuts and the seventh straight drop in the number of oil and gas rigs operating
Emerging markets and commodities are showing strength amid a weak USD, which has a historical negative correlation with these sectors. Risk-on currencies like the Australian Dollar and Canadian Dollar
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