NYSEARCA:OIH

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$431.22
+0.770 (+0.179%)
At Close: Jun 03, 2026
Brent crude and WTI futures were falling early Thursday amid positive noises about a U.S.-Iran peace deal.
Oil prices recovered after Wednesday's sharp drop as traders remained cautious about the Middle East peace outlook, while tight supply and falling U.S. inventories kept Brent and WTI supported.
Asian markets opened Thursday with a powerful relief bid, as investors leaned into hopes that tensions in the Middle East may ease enough to keep the Strait of Hormuz open. Japan set the tone, with th
Investors continue to assess the latest developments in the Middle East amid concerns over renewed tensions between Iran and the U.S. President Donald Trump said Wednesday Iran will be bombed "at a

Oil Futures Rise on Likely Technical Recovery

08:17pm, Wednesday, 06'th May 2026
Oil futures rose in early Asian trade on a likely technical recovery after dropping overnight.
U.S. crude futures rose about $1 in early trade on Thursday, rebounding from ​the previous day's losses, as investors assessed ‌prospects for a Middle East peace deal.
Oil contracts worth $1.7 billion changed hands in the hour before an Axios report sent oil prices lower Wednesday. Some experts are calling the spike in activity suspicious.
Spot gold prices are sharply higher and spot silver prices are also strongly firmer late in North American trading Wednesday, as weaker-than-expected U.S. labor data, a softer oil market and renewed g
Jet fuel exports have plunged due to the closure of the Strait of Hormuz. European airports have warned that the EU will face a "systemic jet fuel shortage" if the strait does not reopen.
A return to normal operations in the Middle East could take months.
Oil supplies are set to tighten further in coming weeks even if the U.S. and Iran agree on a peace deal to end their war because it will take weeks for oil shipments to resume from the Middle East Gul
‘The Big Money Show' reacts to President Donald Trump pausing ‘Project Freedom' as the U.S. and Iran near a deal to end the conflict, sending oil prices lower and opening a 48-hour window for fina
Recent reports indicate that U.S. – Iran negotiations may restart next week in Islamabad.

Oil tanks in the US will run dry, Jeff Currie says

02:22pm, Wednesday, 06'th May 2026
"I've never seen anything like it before." Oil storage tanks in the United States will run empty "somewhere in the July 4 period," Carlyle's Jeff Currie tells Francine Lacqua https://www.bloomberg.com
Oil briefly dips below $100 as markets react to renewed hopes of a US, Iran deal. Bloomberg's Mia Gindis breaks down why traders may be overreacting, how thin market participation is distorting prices
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