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Buy XOP
$171.13
+2.28 (+1.35%)
At Close: Jun 03, 2026
Oil Prices Are Surging, but Futures Are Falling. Why That's a Bullish Sign.
06:52pm, Friday, 07'th Apr 2023
The trading pattern, known as backwardation, looks bearish but is often bullish. The reason: Traders buy cheaper oil and producers balance the market by restraining supply.
Oil Price Forecast / Update: Hedge Funds Buyers as OPEC+ Pledges to Reduce Production
04:20pm, Friday, 07'th Apr 2023
Reduction in U.S. oil rigs suggests a decline in future production, but supply constraints still offer room for price hikes.
Crude Oil Weekly Price Forecast – Crude Oil Markets Gap Higher
11:36am, Friday, 07'th Apr 2023
The crude oil markets gapped higher on Monday after oil cuts were announced by OPEC, starting in May.
Crude Oil Price Forecast – Crude Ended the Week Near the High
11:13am, Friday, 07'th Apr 2023
Crude oil markets did not trade on Friday in the futures pits, but it is worth noting that the Thursday candlestick closed essentially where we have been all week.
Will OPEC's Output Cuts Boost Clean Energy?
05:34pm, Thursday, 06'th Apr 2023
The organization announced unexpected production cuts for 2023 on Sunday.
U.S. oil futures settle modestly higher, up a third straight week
03:01pm, Thursday, 06'th Apr 2023
U.S. oil futures settled slightly higher on Thursday and tallied a third consecutive weekly gain for the holiday-shortened trading week. It seems that West Texas Intermediate crude “isn't going to b
U.S. oil refiners looking at ‘record' Q1 profits ahead of peak summer season
02:11pm, Thursday, 06'th Apr 2023
U.S. oil refiners are expected to report “record” quarterly profits during a traditionally weak season, analysts at BofA Securities said in a note Thursday, calling it a “golden age of refining.
Natural Gas, WTI Oil, Brent Oil – Oil Stays Range-Bound
01:32pm, Thursday, 06'th Apr 2023
Oil traders wait for additional catalysts that could push the oil markets out of the current trading range.
Oil poised for third weekly gain following surprise OPEC+ production cuts
10:59am, Thursday, 06'th Apr 2023
Yahoo Finance Live's Jared Blikre breaks down how oil and other commodities are moving on Thursday and the outlook for the energy sector.
Crude Oil Price Forecast – Crude Oil Markets Continue to Go Sideways
09:58am, Thursday, 06'th Apr 2023
Crude oil markets did very little during the trading session on Thursday, just as we've seen all week.
OPEC+ Cut Won't Throttle Chinese Oil Demand
09:43am, Thursday, 06'th Apr 2023
The U.S. is looking shaky, but the world's largest energy consumer is still in the early stages of its post-Covid recovery.
ETFs to Play on Surprise Output Cut Decision By OPEC+
09:17pm, Wednesday, 05'th Apr 2023
The surprise decision of OPEC+ to cut its production supply caused oil prices to rise. Check how energy ETFs are affected
U.S. oil futures mark first loss in 5 sessions
02:59pm, Wednesday, 05'th Apr 2023
Oil futures settled modestly lower on Wednesday, with U.S. prices posting a loss for the first time in five sessions. Oil markets have priced in the initial shock of the announced OPEC+ production cut
Natural Gas, WTI Oil, Brent Oil – Oil Markets Continue To Consolidate
02:09pm, Wednesday, 05'th Apr 2023
The EIA report did not have a material impact on the price of oil as traders were not ready for big moves after the recent rally.
Crude Oil Price Forecast – Crude Oil Markets Sit Just Below Major Resistance Again
10:25am, Wednesday, 05'th Apr 2023
Crude oil markets have done very little during the trading session on Wednesday, as we continue to hang around the previous resistance area.
