BATS:IEO

Ishares U.s. Oil & Gas Exploration & Production Etf ETF News

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$116.15
-3.10 (-2.60%)
At Close: Jun 05, 2026
Testing Fibonacci retracements, crude oil's rally aligns with time symmetry, forming a bullish expanding triangle near the critical $75.74 resistance level at the 200-Day MA.
Oil markets are moving higher as traders bet that cold weather would boost demand for energy.
The crude oil market was somewhat quiet on Thursday, as the Americans will not have been involved. With this, the market is likely to continue to see a lot of noise, especially with the Friday session
Oil futures ticked higher early Thursday, steadying after setting back the previous session following data that showed a rise in product inventories that offset a fall in crude supplies.
Oil markets steady as traders weigh rising U.S. inventories against robust demand, with January crude forecasts at 101.4M bpd driven by winter needs.
Natural Gas prices drop 0.96% to $3.41 as bearish momentum dominates, with key pivot at $3.55 signaling potential reversal.
The oil market faces strong resistance, while natural gas positions for a positive move driven by robust heating demand.
Oil prices fell on Thursday, extending losses from the previous day, pressured by large builds in U.S. fuel inventories last week, though concerns over tighter supplies from OPEC members and Russia ca

Oil Fall as Traders Digest EIA Report

08:33pm, Wednesday, 08'th Jan 2025
Oil fell in the morning Asian session, as traders digested EIA's report on weekly U.S. supplies of crude, gasoline, and distillates.
Oil markets gained downside momentum after the release of the EIA report.
Natural gas is moving away from session highs as traders react to the EIA report.
U.S. crude oil inventories fell for a seventh consecutive week, while product stocks saw large builds last week as refineries increased their capacity use.
The crude oil market continues to see a lot of noise as the market is in the midst of breaking higher. This is a market that in the middle of a potential trend change, as energy demand seems to be pic
Oil prices trimmed earlier gains on Wednesday as the dollar strengthened but continued to find support from a tightening of supplies from Russia and other OPEC members and a drop in U.S. crude stocks.

Exxon warns lower oil prices will eat into profit

08:12am, Wednesday, 08'th Jan 2025
Exxon Mobil Corp (NYSE:XOM, ETR:XONA) has warned the likes of lower oil prices and wider weakness will eat into profit over the fourth quarter. Profit was on course to drop by around US$1.75 billion a
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