XOP Stock Recent News

China exempted some U.S. imports from tariffs, which was bullish for oil.

The U.S. is already the world's top oil and natural gas producer and output is expected to continue growing, although at a much slower pace.

U.S. natural gas futures appear yet to have found a bottom as weak demand in the shoulder period is exacerbated by high production and an easing in LNG feedgas flows. Gas for May delivery is off 1.6% at $2.882/mmBtu, and the June contract is down 1.2% at $3.060.

The range in the crude oil markets continues to see a lot of noisy behavior, as we are trying to determine where the demand picture is going. At this point, we are likely to see people watch for seasonal demand to pick up.

Crude oil futures slip as prices struggle at $63.06 resistance; weak demand, rising OPEC supply, and trade tensions drive bearish oil outlook.

Some small U.S. shale producers are putting the brakes on oil drilling as crude prices sink to multi-year lows and steep tariffs drive construction costs higher.

Oil holds above $63 as Fed pivot hopes clash with OPEC+ supply fears and mixed trade signals.

Oil prices edged higher on Friday but were on track for a weekly loss as a potential OPEC+ output increase and a possible ceasefire in the Russia-Ukraine war may raise supply at the same time conflicting U.S. tariff signals limit the demand outlook.

Oil edged higher in the early Asian session as traders weigh mixed signals amid the U.S.-China trade war

Crude oil's recent 18% rally stalled at resistance, with a bearish engulfing pattern and weak follow-through raising the risk of a deeper pullback.