NYSEARCA:OIH

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At Close: Jun 08, 2026
Downward pressure persists as crude oil struggles near multi-year lows, with support at $65.40 critical for determining the next move.
Scott Sheffield, Pioneer Natural Resources founder, joins 'Power Lunch' to discuss the steel business, impact of tariffs and the lawsuit against the FTC.
U.S. dollar's pullback provided support to oil markets.
Nigeria will be able to meet OPEC's production target, an executive from Nigeria's state oil company NNPC said on Tuesday.
The crude oil markets are looking to find some kind of support, as we are testing a major three year support level at this point in time. The oil markets are worried about the potential for an economi
Oil futures rose early Tuesday, bouncing after ending the previous session at six-month lows amid a global selloff for equities and other assets perceived as risky.
Sen. Tommy Tuberville, R-Ala., analyzes the impact of tariffs and holding other countries accountable on 'Kudlow.
Oil and natural gas prices remain volatile as OPEC+ supply shifts and recession fears weigh on demand. Can key support levels hold, or is more downside ahead?
WTI crude oil continues to drop below the long-term support zone, while natural gas has hit strong resistance at $4.90.

Oil Falls Amid Global Economic Slowdown Fears

09:02pm, Monday, 10'th Mar 2025
Oil fell in the early morning Asian session amid growing fears of a global economic slowdown, which may curb oil demand.
Oil prices fell for a second day in early trade on Tuesday on worries that U.S. tariffs on Canada, Mexico and China would slow economies around the world and hurt energy demand while OPEC+ ramps up it
Energy Secretary Chris Wright said that it “certainly is possible” that the U.S. could reach an agreement with Canada that avoids tariffs on gas and oil, but “it's too early to say.” Trump pau
The strong sell-off in U.S. equity markets put additional pressure on the price of oil today.
Chris Wright also signed a permit extension for of natural gas export terminal in Louisiana.
The crude oil market continues to see a lot of noisy trading, but at this point in time, the markets are looking to determine whether or not the three year support area will continue to hold.
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