XOP Stock Recent News

After rising for the first time in five days a day earlier, crude futures resumed their descent on Friday, with prices of the U.S.-traded benchmark briefly breaking below $70 a barrel overnight.

Schlumberger's stock slumps after revenue misses expectations amid “cautious spending” by some international customers as oil prices fell.

Crude oil futures dip near $69.21, threatening further declines as bearish trends dominate the market. OPEC's lowered demand forecast adds downside pressure.

In 1980, my boss M. I. T. professor Nazli Choucri presented the results of her world oil market computer model (which I assisted on) to the Energy Modeling Forum #6 at Stanford, where they were compared to the output of nine other models.

Oil markets remain volatile as geopolitical risks ease, but demand uncertainty in China raises concerns, keeping prices at risk of further drops.

Oil edged higher in the early morning Asian session after Israeli forces killed Hamas leader Yahya Sinwar, the architect of last year's Oct. 7 attack, officials said.

Crude oil futures inched higher on Friday, supported by a surprise drop in U.S. oil inventories and simmering Middle East tensions, but prices were headed for their biggest weekly loss in more than a month on worries of lower demand.

Oil markets are trying to stabilize after the recent pullback.

U.S. crude oil inventories fell unexpectedly last week as refineries raised their capacity use and a decline in imports offset an increase in production to a record level.

The crude oil market continues to find a bit of support at this point in time, as the market has recently fallen drastically, and now it looks as if we are trying to find our footing. This is a situation that continues to reflect the fact that we are close