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
Rising demand from China and Russia's production cuts may push prices higher in the upcoming weeks.
The crude oil market has rallied a bit during the trading session on Monday as markets would have been very small in the futures pits due to the Presidents' Day holiday.

Oil Prices Rise on Optimism About China Demand

06:09am, Monday, 20'th Feb 2023
Goldman Sachs predicts that China's stocks will gain 20% this year as the economy gathers pace.
Oil prices were little changed in early Asian trade on Monday, after settling down $2 a barrel on Friday, as rising supplies in the United States and forecasts of more interest rate hikes cooled optim

Crude Will Be Trading Sideways, Says Colyer

07:49pm, Friday, 17'th Feb 2023
Scott Colyer of Advisors Asset Management says crude will be trading sideways for a while. Follow Bloomberg for business news & analysis, up-to-the-minute market data, features, profiles and more: htt
Goldman Sachs' Daan Struyven joins Morgan Brennan and the ‘CNBC Special: Taking Stock' to discuss what China's reopening could mean to demand for oil and petroleum products.
Oil futures fell for a fourth straight session on Friday, with U.S. prices down more than 4% for the week. Crude prices have fallen as “supplies are plentiful and as global growth concerns return”
Crude oil markets have fallen significantly during the course of the trading week, as we continue to bounce around in the same consolidation range.
Crude oil markets have fallen a bit during the trading session on Friday and show signs of weakness yet again.
The International Energy Agency's executive director said Friday that the biggest uncertainty facing global energy markets is the extent to which China rebounds from its extended closure.
Oil prices were also feeling the pinch of dollar strength as Fed officials raise the idea of returning to rate hikes sized at 50 basis points.

Oil slumps as interest rate-hike fears mount

07:53am, Friday, 17'th Feb 2023
Oil futures fell Friday, with crude on track for weekly declines, as a round of tough talk on inflation from central bankers stoked renewed concerns about an economic slowdown.
Oil prices slid on Friday and were on track for weekly losses as strong U.S. economic data heightened concern that the Federal Reserve will continue tight monetary policy to tackle inflation, which co
Oil futures finished lower on Thursday for a third straight session. The loss follows a more than 16 million-barrel weekly increase in U.S. crude inventories reported by the Energy Information Adminis
Crude oil markets have done very little during the trading session again on Thursday, as we see quite a bit of noisy behavior but lack of momentum.
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