NYSEARCA:XOP

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$171.02
-0.110 (-0.0643%)
At Close: Jun 04, 2026
Oil fell in early trade. Soothing comments from Trump and Bessent have helped bring oil prices down, CBA said.
Talk of $200 a barrel oil isn't hyperbole until peace talks emerge or the Strait of Hormuz reopens, says a veteran oil analyst
Crude oil tests support near the 10-day average; short-term bullish momentum may continue if support holds, while a breakdown could signal renewed downside risk.
Dubai crude oil prices surpassed $150 a barrel as transit in the Strait of Hormuz was crippled by the U.S.-Iran War. Brent crude prices have surged nearly 50% since the start of the war and currently
JPMorgan Chase & Co (NYSE:JPM, XETRA:CMC)'s global equity strategists have highlighted that US stocks have remained relatively resilient despite a sharp surge in oil prices, but cautioned that markets
War, oil and Fed policy are reshaping U.S. stocks, with energy and defense leading while AI names wait for lower rates and calmer geopolitics to recover.
Oil traders rushed to take profits off the table.
US stocks fall today as S&P500 and Nasdaq 100 face pressure from oil surge, Fed outlook, and stagflation fears, while tech stocks decline on profit-taking.
Fallout from the Middle East conflict is rippling through the global economy—and growing worse the longer it lasts.
Energy gurus say Thursday's spike in oil and gas prices may be just a taste of what's coming. They warned of roiling markets, shipping chaos, rising food prices, and severe economic pain.
Should disruptions persist and energy prices remain high this year, goods trade flows this year would grow by 1.4%, a weaker outcome than the 1.9% increase previously expected before the war, the WTO
While both grades of oil in this analysis are getting a bid, geography has a big part to play on price levels.

Bessent Says US Could Release More Oil From SPR

09:01am, Thursday, 19'th Mar 2026
Treasury Secretary Scott Bessent says the US won't intervene in oil markets, but it might release more oil from the Strategic Petroleum Reserve. He also told Fox Business that Iranian oil already on t
Crude oil futures rise as Middle East attacks fuel supply fears. Bullish oil outlook builds with Brent near $120 and WTI approaching $100.
JPMorgan's strategists are concerned about the geopolitical overhang on the U.S. equity market while Panmure Gordon is worried about the second and third order impacts of a sustained oil price shock
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