Xom futures macro headwinds from Fed rate policy

Macro headwinds from Fed rate policy have had limited impact on XOM futures compared to tech-heavy indices. Steady commodity prices keep futures in a consolidated but upward bias channel. Futures on Brent crude ( BZ=F ), the global benchmark for oil, are down more than 13.5% on the year, while futures on West Texas Intermediate crude ( CL=F ), the US benchmark, are down more than 14.5%. The US's Energy Information Administration only expects that trend to continue, forecasting that US oil production will decline by about 1% in 2026 as oil prices fall, while natural gas ( NG=F ) production will remain roughly flat. Stocks: 15 20 minute delay (Cboe BZX is real-time), ET. Volume reflects consolidated markets. Futures and Forex: 10 or 15 minute delay, CT. Market Data powered by Barchart Solutions. Fundamental data provided by Zacks and Morningstar . XOM futures have maintained a tight range this week, with volatility clustering at $102–$104 levels. Market watchers link this consolidation to stable upstream output forecasts, signaling potential breakout based on EIA supply trends.