NYSEARCA:OIH

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$414.70
-24.27 (-5.53%)
At Close: Jun 05, 2026
The crude oil markets continue to pay close attention to the situation in Iran and the potential for military action that it could bring. Oil will remain extraordinarily volatile in the short-term.
The Iranian regime, embattled by protesters, the U.S., and Israel, might panic, Matt Gertken writes in a guest commentary.
WTI crude oil rebounds from support zone at $58.93 – $58.52 as Iran tensions ease. Rising U.S. inventory and Venezuela production cap gains.
Natural gas futures hover near $3.12, trapped below key moving averages. Bearish trend persists unless price breaks above $3.25 with momentum.

Oil flat as chances of US strike on Iran recedes

09:35pm, Thursday, 15'th Jan 2026
Oil prices were flat on Friday with both Brent and U.S. West Texas Intermediate moving only a few cents from their closing prices after the likelihood of a U.S. strike on Iran receded.
U.S. is securing higher prices for Venezuelan crude than those before Maduro's capture, said the U.S. Energy Secretary. His comments come as U.S. completed its first sale of Venezuelan oil valued at a
Oil futures edged higher in early Asian trade on a likely technical recovery after WTI and Brent crude oil futures settled sharply lower on Thursday.
Crude oil volatility surged after a bullish reversal breakout, with the first pullback now testing former resistance as support while upside momentum remains vulnerable to deeper retracement risk.
US forces seized an oil tanker, the Veronica, near Venezuela on Thursday morning as part of a crackdown on a global shadow fleet used to export sanctioned crude. https://www.bloomberg.com/news/article
Venezuela's interim President Delcy Rodriguez said on Thursday that she was submitting a proposal to reform the country's hydrocarbon law, as investors in the U.S. push for easier access to the South
U.S. Energy Secretary Chris Wright said on Thursday the U.S. is getting a 30% higher price for Venezuelan crude oil than Venezuela got before U.S. special forces captured President Nicolas Maduro earl
Donald Trump's comments indicated that U.S. should not attack Iran in the near term.
Fox Noticias anchor Andrea Linares explains how AI is streamlining the real estate industry and weighs in on President Donald Trump's meeting with Venezuela's María Corina Machado on 'Varney & Co.' 
U.S. stocks traded higher midway through trading, with the Nasdaq Composite gaining around 1% on Thursday.
India's Russian oil imports ​fell to their lowest level in two years in December, as Western sanctions pushed refiners to ‌tap alternatives, lifting OPEC's share of imports to an 11-month high, tr
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