NYSEARCA:OIH

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At Close: Jun 08, 2026
Oil traders rushed to take some profits off the table after the recent rebound.
The oil market appears to be telling Saudi Arabia that its shift to pumping more oil after five years of cutting output was well timed.

Crude Oil Falls 1%; Uber Sales Miss Estimates

12:31pm, Wednesday, 07'th May 2025
U.S. stocks traded mixed midway through trading, with the Nasdaq Composite falling around 0.2% on Wednesday.
U.S. crude oil inventories fell by 2 million barrels to 438.4 million barrels in the week ended May 2 and were about 7% below the five-year average for the time of year, the EIA said.
Gasoline inventories increased by 0.2 million barrels, exceeding analyst estimates.
The crude oil market rallied a bit in the early hours of Wednesday, as the markets continue to pay close attention to the idea that the US and China are talking soon. Furthermore, people will be out t
Helima Croft, RBC Capital Markets global head of commodity strategy, joins 'Squawk Box' to discuss the state of the energy markets, oil price trends, Iran nuclear negotiations, and more.
Crude futures rebound on China trade talk optimism, lower U.S. output, and bullish chart signals—setting up a potential breakout above key resistance.
Natural gas and oil prices rise as tight supply and demand recovery fuel bullish sentiment. Key levels and technical outlook for the coming weeks.
Johannes Benigni, Director of Energy and Politics at JBC Vienna, warns how geopolitical risks and U.S.-China trade tensions could push oil prices to $40 'easily', though he notes that lower prices are
Oil prices rose on Wednesday on signs of weakening production in the U.S. and higher demand in Europe and China as buyers emerged after prices fell to new lows earlier in the week.
Oil rose in the morning Asian session after the U.S. reached a truce with the Houthis in Yemen and said it would suspend its airstrikes there.
Crude oil's higher low and bullish reversal suggest a potential rebound, with resistance levels and consolidation zones offering clues for near-term market direction.
Devon Energy missed first-quarter profit estimates on Tuesday, hit by lower oil prices.
On this week's episode of ETF Prime, VettaFi's Head of Energy Research Stacey Morris analyzes the performance of energy ETFs. After, Vanguard's David Sharp highlights several new fixed income ETFs.
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