US crude oil prices
On March 25, at 6:44 AM EST, US crude oil prices have fallen by 6 cents since the close last week. However, growing concerns about a recession might drag oil prices during trading. On March 25, the STOXX Europe 600 Index fell 0.6%. Asian markets also showed a sign of weakness.
The SPDR S&P Oil & Gas Exploration & Production ETF (XOP) and the Energy Select Sector SPDR ETF (XLE) invest in energy stocks. Any changes in oil prices are expected to influence XOP and XLE, which returned 1% and -0.1%, respectively, last week.