NYSEARCA:OIH

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$414.70
-24.27 (-5.53%)
At Close: Jun 05, 2026
Oil traders enjoy an epic rally as Kuwait is forced to cut production.

How Much Higher Can Oil Go?

01:35pm, Friday, 06'th Mar 2026
Brent crude futures hit $90 a barrel for the first time since October 2023 as war rages on in the Middle East. Ship traffic through the Strait of Hormuz has practically stopped.
CNBC's Pippa Stevens breaks down what the war between Iran and the U.S. means for oil prices.
Also in Weekend Reads: A reversing stock-market trade, tales for tax time and what to stream this month (and which streamers to cancel).
Resurgent crude prices sent Wall Street spiraling to kick off Monday, and that set the tone for the week.
U.S. stocks traded lower midway through trading, with the S&P 500 falling around 1% on Friday.
All eyes will be on developments in the Middle East after the U.S. and Israel launched attacks on Iran and the conflict spread to various countries across the region.
@CharlesSchwab's Cooper Howard calls February's jobs report "pretty weak" where it's "hard to find a silver lining." It adds to inflation pressure facing the FOMC due to crude oil's huge price spike t
The crude oil markets continue to see a lot of volatility, as oil has broken above the resistance area that we have been watching for a few days now.
While business inventories caught Kevin Green's eye, he says the February jobs report was what rattled investors in an already volatile trading environment. He points to a loss in healthcare jobs as a
Daan Struyven, global commodities research co-head at Goldman Sachs, discusses risks to oil supplies from the war with Iran and disruption at the Strait of Hormuz. -------- More on Bloomberg Televisio
Could oil prices spike over $200 a barrel if the Middle East conflict continues to escalate? On this episode of the Everybody's Business podcast, Bloomberg Opinion's Javier Blas joins Stacey Vanek Smi
Saudi Arabia led a big ‌increase in OPEC oil output in the month ahead of U.S. and Israeli strikes on Iran, a Reuters survey showed on Friday.

Hassett on Oil Price Pressure, US Jobs Report

10:24am, Friday, 06'th Mar 2026
National Economic Director Kevin Hassett says the White House has no plans to tap the Strategic Petroleum Reserve to bring down oil prices. He says the US nonfarm payrolls report for February, which s
Qatar's energy minister warns the conflict in the Middle East could see Gulf energy exporters shut down production within weeks and send oil to $150 per barrel. CNBC's Steve Sedgwick and Karen Tso dis
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