NYSEARCA:XOP

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At Close: Jun 03, 2026

Oil futures gain more than 2% for the week

03:01pm, Friday, 16'th Jun 2023
Oil futures climbed on Friday, with U.S. benchmark prices posting a gain of more than 2% for the week. “Chinese oil demand has been the biggest uncertainty in the market, with the International Ener
Oil markets continue to move higher ahead of the weekend.
A full return of Iranian oil production would have a significant impact on the global market, analysts say, but isn't likely even as some news reports this week suggested an imminent, interim nuclear
Crude oil markets initially fell during the week but have turned around to show signs of life. The question now is whether or not we are forming a bottom?
Crude oil markets have been very quiet during the trading session on Friday as we continue to see a lot of noisy behavior.
Russian President Vladimir Putin said on Friday that decisions made by the OPEC+ group to cut oil production were "depoliticised" and were not connected to what Moscow calls its "special military oper
Kate Richard, founder and CEO of Warwick Investment Group, discusses the global demand outlook for oil and gas prices, and why there's still under-investment in the energy sector.

Oil prices edge lower, trimming weekly gain

07:53am, Friday, 16'th Jun 2023
Oil futures edged lower Friday, trimming a weekly gain as investors continue to struggle with an uncertain demand outlook.
China's record-high oil refinery throughput strengthens demand, while a weaker US Dollar enhances affordability and boosts foreign WTI oil demand.
Oil prices edged lower in early trade on Friday, taking a pause from the previous session when futures gained steeply on optimism around higher energy demand from top crude importer China.
Oil futures climbed on Thursday, buoyed by some signs of higher oil demand from China and strength in U.S. gasoline demand for the summer driving season, analysts said. July West Texas Intermediate cr
As we approach the midpoint of the year, the U.S. is still tracking toward a new annual oil production record for 2023.
WTI oil managed to settle above the $70 level as traders reacted to China refinery data.
Crude oil markets have been choppy over the last couple of days, as Thursday has seen a reversal of the Wednesday negativity.
Oil futures rose early Thursday, bouncing after a selloff the previous session in the wake of a large jump in crude inventories.
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