NYSEARCA:XOP

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At Close: Jun 03, 2026
Oil under pressure after the US government's weekly report showed that total crude inventories rose to their highest since the Summer of 2021. Natalia Kniazhevich reports on Bloomberg Television.
Oil futures ended lower on Wednesday after the Energy Information Administration reported a 16.3 million-barrel weekly rise in U.S. crude inventories. The EIA data included an upward “adjustment”
Crude oil markets have continued to do almost nothing, as it seems like we are willing to stay in the same range.

Crude Inventories Increase By 16.3 Million Barrels

11:01am, Wednesday, 15'th Feb 2023
The surprising EIA report put additional pressure on oil markets. WTI oil is testing the $78 level.

4 Sector ETFs to Win from January Inflation Data

09:02am, Wednesday, 15'th Feb 2023
The annual inflation rate in the United States decelerated slightly to 6.4% in January, hotter-than-expected rate of 6.2%.
Trades of key Texas-crude contracts have hit a record high.
The International Energy Agency raised its forecast for demand this year, arguing it will be lifted by China's reopening after years of Covid-19 restrictions.
The energy watchdog raised its forecasts for oil demand this year to a record level, as China fueled a surge in air travel and Russian production remained surprisingly resilient to Western sanctions.
Crude oil inventories rose by a massive 10.507 million barrels last week, the American Petroleum Institute (API) data showed late Tuesday.
It was a bearish morning for the Hang Seng Index and the broader Asian markets. Following the US CPI Report, US retail sales will be a consideration.

Oil futures mark first loss in 3 sessions

02:41pm, Tuesday, 14'th Feb 2023
Oil futures posted a loss on Tuesday for the first time in three sessions, with prices pressured by news that the U.S. Energy Department will release 26 million barrels of oil from the Strategic Petro
WTI oil prices fell below $80 a barrel. The US plans to sell sweet crude from two storage sites starting in April.
Oil markets managed to rebound from session lows despite rising Treasury yields.
Stronger-than-expected economic growth in the U.S. and Europe, coupled with China's economic reopening, is seen boosting global appetite for crude.
Oil futures fell Tuesday, after news reports said the U.S. would follow through with a plan to sell another 26 million barrels of crude from its Strategic Petroleum Reserve.
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