NYSEARCA:OIH

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$429.81
+15.11 (+3.64%)
At Close: Jun 08, 2026
The Organization of the Petroleum Exporting Countries (OPEC) recently announced that it wanted to increase its oil supply.
The crude oil markets got crushed after the tariff announcements in the US. The world looks as if it might be heading into a tariff war, and this will drive down demand for oil.
Eight key OPEC+ producers on Thuesday agreed to raise combined crude oil output by 411,000 barrels per day, speeding up the pace of their scheduled hikes and pushing down oil prices. The group was wid
Crude oil tumbles over 3% as Trump's tariffs spark demand fears and inventories rise, pressuring oil outlook and triggering a bearish turn in futures.
A meeting of eight top ministers of OPEC+ will likely keep oil output policy that calls for gradual oil output hikes from April unchanged, two OPEC+ sources said on Thursday.
Oil prices fell after US President Donald Trump rolled out tariffs on major trading partners, including China and the European Union. Oil, natural gas and energy products are among exempted goods, th
WTI crude dropped near $69 after a 6M barrel inventory build. Can demand recover amid geopolitical tensions and rising Canadian imports?
WTI crude oil has hit the resistance at $72.50, while natural gas remains bullish within its upward price structure.
Oil slid in the morning Asian session as President Trump's tariff announcement sparked fears of a global economic slowdown that could reduce oil demand.

Oil imports exempted from Trump's sweeping tariffs

06:22pm, Wednesday, 02'nd Apr 2025
Imports of oil, gas and refined products were exempted from U.S. President Donald Trump's sweeping new tariffs, the White House said on Wednesday.
Oil markets are moving higher as traders bet on tight supply.
Former Trump Energy Secretary Dan Brouillette analyzes President Donald Trump's plan to impose a 'secondary tariff' on Venezuelan oil on 'Varney & Co.' #foxbusiness #varney
Gasoline inventories fell by 1.6 million barrels from the previous week.
The oil market continues to see a lot of overhead resistance at the moment, but I still think this is a situation where we are still buyers of dips going forward.
Rising U.S. trade tensions and looming OPEC+ talks drive volatility in oil and gas markets, with WTI holding near $71 and Natural Gas near $3.95.
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