Free Trial

SPDR S&P Oil & Gas Exploration & Production ETF (XOP) News Today

SPDR S&P Oil & Gas Exploration & Production ETF logo
$121.18 +0.54 (+0.45%)
Closing price 04:10 PM Eastern
Extended Trading
$121.19 +0.01 (+0.01%)
As of 07:43 PM Eastern
Extended trading is trading that happens on electronic markets outside of regular trading hours. This is a fair market value extended hours price provided by Polygon.io. Learn more.

Why is SPDR S&P Oil & Gas Exploration & Production ETF Up Today?

SPDR S&P Oil & Gas Exploration & Production ETF (XOP) moved higher today as oil markets responded to a mix of stronger‐than‐expected U.S. inventory data, supportive OPEC+ decisions and positive policy developments in the U.S. Traders also remained cautious amid mixed signals on demand and potential supply increases.

  • U.S. crude inventories fell by 2.8 million barrels versus forecasts for a 0.6 million‐barrel drop, underpinning oil prices (WSJ)
  • A U.S. court blocked President Trump’s proposed oil tariffs, lifting a key downside risk and boosting market sentiment (Reuters, WSJ)
  • Bullish outlook built on supply‐risk concerns and a reversal of potential U.S. tariff action supported crude prices (FXEmpire)
  • Geopolitical tensions and OPEC+ supply cuts fueled a rally in both oil and natural gas prices (FXEmpire)
  • Oil markets gained as OPEC+ held production plans steady ahead of its July review (FXEmpire, CNBC)
  • Crude continues to attract buyers on price dips, signaling underlying demand support (FXEmpire)
  • Traders braced for an OPEC+ policy call while geopolitical risks—Venezuela sanctions, Canadian wildfires—provided support (FXEmpire)
  • Crude oil has struggled to build momentum despite attempts to form a bullish base, keeping trading ranges relatively tight (FXEmpire)
  • OPEC+ maintained current quotas, offering stability but advising market participants to stay nimble amid evolving fundamentals (Proactive Investors)
  • Shell agreed to buy TotalEnergies’ stake in Nigeria’s Bonga field for $510 million, reflecting ongoing M&A activity in the sector (WSJ)
  • WTI traded near $66 support, with natural gas remaining firm above $3—divergent themes for energy markets (FXEmpire)
  • Major oil companies lobbied for U.S. support in African projects, highlighting geopolitical and regulatory complexity (WSJ)
  • OPEC+ talks and global sanctions continued to drive volatility without a clear directional bias (FXEmpire)
  • Oil retreated on renewed demand concerns ahead of the latest EIA report, weighing on short‐term sentiment (FXEmpire)
  • Eight OPEC+ members could increase July production by 411,000 barrels per day, posing a potential supply overhang (CNBC)
Posted 4h agoAI Generated. May Contain Errors.

XOP Latest News

Oil prices climb as US court blocks Trump tariffs
Oil Rises Amid Positive Market Sentiment
XOP: Cheap Gets Cheaper, Oil Testing Key Levels
Get SPDR S&P Oil & Gas Exploration & Production ETF News Delivered to You Automatically

Sign up to receive the latest news and ratings for XOP and its competitors with MarketBeat's FREE daily newsletter.

XOP Media Mentions By Week

XOP Media Sentiment

Each headline receives a score ranging from 2 (good news) to -2 (bad news). Our company news sentiment scores track the average news sentiment of articles about each company over the most recent 7 days in order to identify companies that are receiving positive press.

XOP
News Sentiment

-0.22

1.17

Average

News Sentiment

XOP News Coverage

We track news headlines from hundreds of news outlets and tag them by company. This chart compares the number of articles about this company in the last seven days compared with the average number of articles about this company on a typical week.

XOP Articles
This Week

17

16

XOP Articles
Average Week

Get SPDR S&P Oil & Gas Exploration & Production ETF News Delivered to You Automatically

Sign up to receive the latest news and ratings for XOP and its competitors with MarketBeat's FREE daily newsletter.


Related Companies and Tools


This page (NYSEARCA:XOP) was last updated on 5/29/2025 by MarketBeat.com Staff
From Our Partners