NYSEARCA:OIH

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$429.81
+15.11 (+3.64%)
At Close: Jun 08, 2026
Oil prices drop as OPEC+ confirms a 138K bpd output hike in April, while U.S. tariffs raise concerns about slowing global fuel demand. Can crude prices hold key support?
Oil prices fell for a third session on Wednesday as plans by major producers to raise output in April combined with concerns U.S. tariffs on Canada, Mexico and China will slow economic and fuel demand
After testing support near $66.96, crude oil surged intraday. A decisive breakout above $71.11 could signal a reversal and challenge higher resistance.
Helima Croft, RBC Capital Markets global head of commodity strategy, joins 'Power Lunch' to discuss OPEC+ output increase, oil prices moving lower and the energy trade.
Oil traders worry about rising production and trade wars.
Supplies from Canada and Mexico are at the heart of the U.S. oil industry.
CNBC's Dan Murphy reports on Saudi oil giant Aramco's full-year earnings and CEO Amin Nasser's comments following the results.
The crude oil market continues to see a lot of noisy trading, as we are testing a major support region in both markets that I follow in this asset.
Oil futures fell Tuesday, building on losses seen the previous session after the Organization of the Petroleum Exporting Countries and its allies said they would proceed with plans to unwind some prod
Oil slumps as OPEC+ boosts production and U.S. tariffs hit demand. Traders eye support levels as supply fears and trade war tensions weigh on crude oil outlook.
U.S. oil companies see stock buybacks and dividend hikes as more attractive than boosting production.
Saudi Aramco has slashed dividend payments after profit tumbled last year in line with weaker oil prices. Net income dropped 12.4% from $121.3 billion to $106.2 billion over the course of 2024, Saudi
President Donald Trump confirmed Monday that 25% tariffs on Canada and Mexico are “all set” to take effect Tuesday. He also signed an order increasing levies on China by another 10%.
Saudi Aramco cut the world's biggest dividend in a blow for Saudi Arabia's widening budget deficit, as the company seeks to relieve the stress on its own finances. The firm expects the total payout t
OPEC+ will revive halted oil production after repeated delays, amid pressure from US President Donald Trump to lower oil prices. The group will go ahead with the increase of 138,000 barrels a day in
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