NYSEARCA:OIH

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At Close: Jun 03, 2026

First Light News: April Defies Headwinds

04:28am, Friday, 01'st May 2026
In the equities space, Apple (AAPL) delivered results that I think broadly reassured a market that needed reassurance from the top of the Magnificent 7.
Hormuz disruptions keep Brent elevated near $112 targeting $119, while WTI holds $103 support and NatGas struggles to clear bearish channel resistance at $2.83.
Oil held its second weekly gain as US President Donald Trump said he was sticking with a naval blockade of Iranian ports. Oil has soared more than a quarter over the past two weeks as the deadlock
Oil rose Friday after volatile trading as geopolitical risks tied to Iran persisted. Trump is facing a 60-day congressional deadline for the Iran war.
'The Big Money Show' panelists discuss the U.S. naval blockade in the Strait of Hormuz, its impact on oil prices and the Iranian economy. 00:00 Introduction: Trump's Iran Chokehold 02:30 Mayor Suarez
Oil rose. Prices remain high on increasing concern about the geopolitical situation in the Middle East, said Sky Links Capital Group.
U.S. West Texas Intermediate ​crude rose 41 cents ‌or 0.43% on open to $105.50 a barrel, ​after a ​prior intraday Thursday high of $110.93 ⁠a barrel ​after uncertainty on the ​direction
Crude oil shows short-term exhaustion after a strong rebound, with Fibonacci resistance and key moving averages suggesting vulnerability unless support levels hold firm.
Global oil prices topped $125 a barrel this week — their highest in almost four years
Oil markets are moving lower despite lack of progress in U.S. – Iran negotiations.
The buffer that the oil market has relied on following disruptions to exports in the Middle East could start to buckle as soon as early June, according to strategists at J.P. Morgan.
Neils Christensen has a diploma in journalism from Lethbridge College and has more than a decade of reporting experience working for news organizations throughout Canada. His experiences include cover
A U.S. naval blockade of Iranian ports has shrunk Tehran's oil exports, stranding ​a growing stockpile of crude on tankers as Iranian storage sites run out of space, shipping data showed ‌and anal
S&P 500 futures rebound as lower oil and strong earnings lift US stocks, with indices nearing breakout levels as traders watch key resistance.
The crude oil markets gave back some of their gains early on Thursday, as we were far too overextended. At this point, the range in these markets continues to be extremely wide.
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