NYSEARCA:XOP

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At Close: Jun 03, 2026
The market's prices in December are lower than today's. That could point to further price gains after OPEC's production cut.
Oil prices jumped 5% overnight as OPEC+ announced a surprise production cut of 1.65 million barrels per day. The cut will start in May and last through the end of the year.
OPEC+ decided to cut production by 1.16 million bpd to support market stability.
The crude oil markets have rallied rather significantly during the trading session on Monday, as OPEC+ has announced a surprise 1 million barrel production cut starting in May.

Black Gold

09:10am, Monday, 03'rd Apr 2023
This week is filled with various employment reports, with the grandaddy of them all, the Employment Situation, due out Friday.

What OPEC's Oil Cut Means For Investors

08:46am, Monday, 03'rd Apr 2023
OPEC+ surprised, no, shocked, the market with plans to cut oil (NYSEARCA: USO) production by 1.16 million barrels per day. Aside from the immediate impact of higher prices, this move has far-reaching
Stephanie Link, Hightower Advisors chief investment strategist, joins 'Squawk Box' to discuss the investing strategy for Q2, Link's positioning in commodities, and more.

Dow Futures Inch Up as Oil Prices Jump

08:11am, Monday, 03'rd Apr 2023
Stock futures traded mixed Monday, while oil prices jumped on a surprise production cut.
At the recent CERAWeek conference in Houston, executives of U.S. oil companies warned that prices would probably move higher with the resurgence of the influence of the OPEC+ cartel over international

Oil stocks jump on Saudi oil production cut

07:21am, Monday, 03'rd Apr 2023
Oil stocks jumped premarket Monday after Saudi Arabia's Ministry of Energy led a surprise oil production cut across several OPEC+ nations. On Sunday the Ministry announced that the Kingdom will imple
Goldman Sachs predicts that the 1.16 million bpd OPEC+ and Saudi Arabia output cuts may push oil prices up to $100 per barrel mark.
Oil is surging after the OPEC+ announced a surprise production cut of more than 1 million barrels a day. Su Keenan reports on Bloomberg Television.
The oil cartel and its allies announced voluntary production cuts of around 1.15 million barrels a day, a move they said was to support market stability.
Higher oil prices would help fill Russian President Vladimir Putin's coffers as his country wages war on Ukraine and force Americans and others to pay even higher prices at the pump amid inflation fue
Energy markets were bracing for a volatile open late Sunday, after Saudi Arabia led a surprise oil production cut across several OPEC + nations that will remove more than one million barrels of oil a
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