NYSEARCA:XOP

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$171.02
-0.110 (-0.0643%)
At Close: Jun 04, 2026
Egypt will settle $1.3 billion in arrears to international oil companies by June, ​the petroleum ministry said on Saturday, accelerating its previous ‌timetable for repayments.
It will be tough for Wall Street to rebound until energy prices subside. Value stocks and Big Tech could hold up well, though.
A bulletproof U.S. economy has shot past a series of shocks since the 2020 pandemic and grown for five straight years, but soaring oil prices tied to the Iran war have emerged as a potential trigger f
Indian refiners plan to ​resume buying Iranian oil while refiners elsewhere in Asia are examining such a move after Washington temporarily removed sanctions ‌to alleviate an energy crunch caused b
Mounting short interest in the United States Oil Fund suggest that traders are hedging their bets as prices top $100 a barrel. At the very least, that could mean continued volatility.
The ​United States ‌on Friday gave ​a ​30-day authorization for ⁠the ​delivery ​and sale of crude ​oil ​and petroleum products ‌of ⁠Iranian-origin loaded vessels, according ​to
The U.S. Energy ​Department said ‌it had awarded contracts ​to loan ​45.2 million barrels ⁠of oil ​from the ​Strategic Petroleum Reserve(SPR) as of ​Friday.
Three weeks into the “four to five week” U.S.-Israeli war in Iran, the long-term implications for oil markets and economies are coming into focus.
UBS analysts have increased their near-term oil price forecasts, citing an escalating conflict in the Middle East and the extended closure of the Strait of Hormuz. The analysts now expect Brent crude
Mexican state-run oil firm Pemex (PEMX.UL) ​is waiting to see how oil ‌prices behave in the mid-term before altering its strategy on crude exports, Finance ​Minister Edgar Amador told Reuters �
Iran wants the U.S. and Israel to stop the military operation before the country will be ready to discuss the reopening of the world's key oil route.
1. Oil's Outsized Role in the Global Economy Crude oil remains the backbone of the global economy. Despite the accelerating energy transition to cleaner alternatives, oil still accounts for roughly 30
Gold's recent weakness is a short-term anomaly driven by an oil-induced surge in interest rates and the U.S. dollar, not a breakdown of its long-term safe-haven role.
Oil prices may stay elevated through 2027, with Strait of Hormuz risks and infrastructure damage tightening global supply. Check these Energy ETFs to ride the upside.
U.S. energy firms this week cut the number of oil and natural gas rigs operating for the first time ​in three weeks, energy services firm Baker Hughes said in its ‌closely followed report on Frida
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