NYSEARCA:OIH

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$429.81
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At Close: Jun 08, 2026
The stake increases Shell's interest in the deep-water Bonga field to 67.5% from 55%.
WTI crude oil rebounds from the support zone but remains uncertain below the $66 level, while natural gas prices stay bullish above $3.

Oil prices climb as US court blocks Trump tariffs

09:08pm, Wednesday, 28'th May 2025
Oil prices rose on Thursday after a U.S. court blocked President Donald Trump's tariffs from taking effect, while the market was watching out for potential new U.S. sanctions curbing Russian crude flo

Oil Rises Amid Positive Market Sentiment

08:17pm, Wednesday, 28'th May 2025
Oil rises amid positive market sentiment after a federal trade court struck down President Trump's tariffs.
Oil markets moved higher as traders reacted to news from OPEC+.
Market focus has shifted toward potential supply hikes from eight OPEC+ members that have been carrying out separate voluntary production cuts.

Why Big Oil Turned to Trump for Help in Africa

10:00am, Wednesday, 28'th May 2025
Chevron, ConocoPhillips and other companies are locked in a dispute with six Central African countries over fossil-fuel projects.
The crude oil markets continue to see a lot of buyers on dips, and we have seen more of the same on Wednesday in the early hours of trading.
Crude oil holds steady as traders await OPEC+ output decision and supply risks mount from Venezuela sanctions and Canadian wildfires.
OPEC+ is doing their best to balance the oil market, but needs to be mindful of rising demand, United Arab Emirates Energy Minister Suhail Mohamed Al Mazrouei said on Tuesday. ➡️ “If this group
Arne Lohmann Rasmussen, Chief Analyst, Head of Research from Global Risk Management predicts how oil markets will shape up as OPEC+ discusses a 400,000 barrel production hike.
OPEC+ output talks, global sanctions, and trade shifts push natural gas and oil markets into a volatile holding pattern with possible sharp breakouts.
Oil prices ticked up in early trading on Wednesday as the U.S. barred Chevron from exporting crude from Venezuela under a new authorization on its assets there, raising the prospect of tighter supply.
Oil rose in early Asian trade amid prospects of new U.S. sanctions against Russia.
The company would be able to maintain key infrastructure but be barred from importing oil from the South American country.
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