NYSEARCA:OIH

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$429.81
+15.11 (+3.64%)
At Close: Jun 08, 2026
Crude oil and refined product contracts were lower at midday Friday, but remained on track to end the week with solid gains.
The crude oil market initially pulled back a bit on Friday, only to turn back around and shows signs of positive. At this point in time, the market continues to see noise, but with the bullish cycle p
Oil prices steady near $70.11 – $70.39 resistance with supply disruptions from sanctions clashing with weak demand. U.S. inventory draw fuels a mildly bullish crude oil outlook.
Top oil exporter Saudi Arabia may lower its crude prices for Asian buyers in May to a three-month low, tracking the steep declines in benchmark prices this month, traders said.
Oil nears one-month highs as supply tightens, but tariff risks and weak demand cap upside. Traders eye key resistance and global macro drivers.

Oil Prices Mixed; Market Volatility May Grow

08:53pm, Thursday, 27'th Mar 2025
Oil prices were mixed in early Asian trade. The oil market could see growing volatility and pullback risks, said Exness.
Paul Sankey, Sankey Research, joins 'Fast Money' to talk what's next for oil prices and energy stocks.
After a strong rally, crude oil faces resistance near $70.61. A bullish hammer suggests continued strength, but breaking the 50-Day MA remains crucial for upside potential.
Oil traders stay bullish and quickly buy any pullbacks.
The crude oil markets look like they are taking a bit of a break after the big run higher on Thursday but are also seeing quite a few buyers step into them. At this point, the bottom looks to be in.
Oil executives issued scathing criticism of President Donald Trump's policies in anonymous responses to a survey by the Federal Reserve Bank of Dallas. They said Trump's tariffs and his "drill, baby,
Crude oil dips after testing 200-day MA. Traders weigh Venezuela sanctions, auto tariffs, and OPEC supply plans in shaping oil market sentiment.
Surging demand for electricity presents huge new investment needs as well as regulatory challenges.
Crude oil prices edge higher as U.S. auto tariffs and falling inventories tighten supply. Market eyes key resistance levels for WTI and Brent crude.
WTI crude oil continues to rally from the support zone, while natural gas is nearing the support level of around $3.50.
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