NYSEARCA:OIH

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+15.11 (+3.64%)
At Close: Jun 08, 2026
Oil edged lower in the early Asian session, with the market's focus on U.S. President Trump's visit to the Middle East.
Momentum is back in crude oil, as price action targets a breakout above $64.06, reinforcing bullish sentiment and potentially challenging the downtrend.
Oil traders also focus on the lower-than-expected U.S. Inflation Rate report.
Brazilian state-run oil company Petrobras is set to revise its five-year strategic plan due to lower Brent crude oil prices, Chief Executive Magda Chambriard told analysts during the firm's first-quar

U.S. Natural Gas Futures Edge Higher

11:31am, Tuesday, 13'th May 2025
U.S. natural gas futures were moderately higher despite a mixed weather outlook that tempered demand.
The early Tuesday session has seen more buying of oil by traders, as they speculate that the global economy will continue to demand more oil. The recent talks between the US and China has the market a
Crude oil holds gains as traders eye 50-day MA; U.S.-China trade truce boosts oil demand outlook while rising OPEC output tempers bullish momentum.
WTI crude holds near $62 as geopolitical tensions and OPEC+ output signals keep oil and gas markets volatile. Traders eye key support and resistance.
WTI rebounded from strong long-term support, while natural gas remains in a strong uptrend after hitting the pivotal level of $3.
Oil prices eased on Tuesday from a two-week high reached during the previous session after the U.S. and China agreed to temporarily slash tariffs, sparking optimism that a trade war between the world'
Oil edged lower in the early Asian session amid prospects of Russia-Ukraine peace talks that may result in an easing of sanctions on Russian oil products.
Oil markets moved higher on tariff optimism.
The crude oil markets have rallied nicely in the early hours of Monday, as the United States and China have decided to cut tariffs drastically, to give them 90 days to work out a deal.
The oil market rebounded from the long-term support zone following the US-China trade truce, but the long-term trend remains negative.
Washington and Beijing agreed over the weekend in Switzerland to slash sky high tariff rates by 115%, U.S. Treasury Secretary Scott Bessent said Monday. Oil prices had plunged the lowest level in four
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