NYSEARCA:XOP

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$171.13
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At Close: Jun 03, 2026
Oil traders are bullish ahead of tomorrow's inflation reports from the U.S.
The Energy Information Administration on Tuesday raised its U.S. and global oil-price forecasts for this year and next, following a plan by the Organization of the Petroleum Exporting Countries and th
Crude oil markets have gone back and forth during the trading session on Tuesday sitting just below the 200-Day EMA.
Oil futures traded marginally lower early Tuesday as expectations for a slowing global economy continued to offset the impact of the latest round of production cuts announced by members of OPEC+.
China's potential stimulus measures and strong Asian demand boost crude oil prices.

OPEC Is Back In The Driver's Seat

06:00am, Tuesday, 11'th Apr 2023
Last year's decision to deplete the Strategic Petroleum Reserve in response to rising prices puts OPEC firmly back in the driver's seat when it comes to controlling global oil prices.
Jenny Harrington, Gilman Hill Asset Management CEO, joins 'Closing Bell' to discuss Exxon's potential plan to acquire Pioneer.
Oil futures declined on Monday, with U.S. prices settling below $80 a barrel — at their lowest in more than a week. “Most energy traders are still on the sidelines until we get a clearer picture o
Ed Morse, Citigroup's global head of commodities research, says oil demand is being "crippled" by the prospects of an economic slowdown during an interview on Bloomberg Television.
Natural gas traders reacted to the changes in weather forecasts.
The crude oil markets continue to do very little, as we hovered just below the 200-Day EMA.
Oil ticked lower early Monday as investors returned from a three-day Easter weekend. Crude surged in holiday-shortened trading last week after the Organization of the Petroleum Exporting Countries and
Oil ticked slightly lower early Monday as investors returned from a three-day Easter weekend. Crude surged in holiday-shortened trading last week after the Organization of the Petroleum Exporting Coun
Oil prices underpinned as OPEC+ production cuts and tight supply balances with concerns over demand.
Matt Smith of Kpler says oil demand will kick in because of the summer driving season, among other factors that will support prices, but "it's what comes after that
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