NYSEARCA:OIH

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$429.81
+15.11 (+3.64%)
At Close: Jun 08, 2026
Crude oil futures surged Thursday evening after Israel launched airstrikes against Iran.
Oil prices jumped more than $4 a barrel on Friday after Israel said it struck Iran, raising concerns of escalating tensions in the Middle East that may affect oil supplies.
Oil futures shot higher and U.S. stock-market futures sank Thursday evening on reports that Israel was attacking sites in Iran.
Crude oil extended its rally Thursday, reaching $69.16 before resistance set in. Technical targets suggest potential continuation toward $72 to $75 if momentum holds or following a pullback.
Tensions between the U.S. and Iran have been rising, but the big moves in gold and oil prices can help gauge just how serious the situation has become — and hint at what's next for global financial
Oil traders stay focused on U.S. – Iran nuclear deal negotiations.

OPEC's Moment of Truth Is Coming

01:01pm, Thursday, 12'th Jun 2025
The group's production decisions have confused the oil market. We will soon know how deep the cartel plans to dig in, Ben Cahill writes in a guest commentary.
JP Morgan downplayed geopolitical concerns on Thursday and maintained its base case forecast for oil prices to stay in the low-to-mid $60s through 2025 and $60 in 2026, but said certain worst-case sce
Oil prices fall 2% as traders watch Israel-Iran conflict

Morning Bid: Oil pops, dollar drops

07:10am, Thursday, 12'th Jun 2025
What matters in U.S. and global markets today
Repsol has delivered a 24% total return in six months, outperforming the S&P 500 and energy sector by an impressive margin thanks to its cheap valuation and gas focus. Despite oil price declines, the
Crude oil futures pull back as traders weigh Iran talks, easing tensions, and softening oil demand—setting a cautious near-term oil outlook.
Riyadh wants to squeeze U.S. frackers, although an all-out price war would be costly.

Devon Energy: Creating Value With Low Oil Prices

04:19am, Thursday, 12'th Jun 2025
I am rating Devon Energy with a Buy and a $40 price target based on historical valuations of a 4.8x EV/EBITDA multiple, assuming an average realized oil price of $62. Devon is generating value by redu
Various factors, including the start of summer driving season, have likely driven a recent crude spike.
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