NYSEARCA:OIH

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At Close: Jun 08, 2026
Oil prices extended their gains on Friday after closing at their highest in more than two months in the previous session on hopes governments across the world may increase policy support to revive eco

Oil Rises on Falling U.S. Crude Inventories

08:39pm, Thursday, 02'nd Jan 2025
Oil rose in the early Asian trade, extending gains for another session.
Crude oil surged to an 11-week high of 73.96, confirming bullish momentum, while targeting resistance zones between 74.29 and 76.74 for further gains.
Jim Wyckoff has spent over 25 years involved with the stock, financial and commodity markets. He was a financial journalist with the FWN newswire service for many years, including stints as a reporter

U.S. Crude Oil Stockpiles Fall Less Than Expected

11:58am, Thursday, 02'nd Jan 2025
U.S. crude oil inventories fell by 1.2 million barrels last week, which was less than expected, while stocks of gasoline and distillate fuels saw large builds.
U.S. crude inventories fell by 1.2M barrels, but rising gasoline and distillate stocks could pressure oil prices lower as refineries operate at high capacity.
The crude oil market was bullish again on Thursday, as the markets are starting to price in the idea of increasing demand coming from the US, and some demand coming due to central bank easing around t
Jim Wyckoff has spent over 25 years involved with the stock, financial and commodity markets. He was a financial journalist with the FWN newswire service for many years, including stints as a reporter
Oil futures began 2025 on a positive note, boosted by hopes that China, the world's largest crude importer, will follow through on pledges to further stimulate growth in the new year.
Crude oil futures surge above 200-Day Moving Average at $72.37, signaling bullish potential as China growth optimism boosts demand outlook. Can prices sustain the rally toward $77.36?
Geopolitical tensions and U.S. factory activity drive mixed momentum, with EMA indicators signaling key price shifts.
WTI crude remains strong and approaches a key level, while natural gas pulls back from resistance.
JBC Energy Group Chairman Johannes Benigni says oil producers have successfully kept the market stable, but President-Elect Donald Trump could reshape the outlook in 2025.

Oil Rises; Prices Could Recover This Year

09:10pm, Wednesday, 01'st Jan 2025
Oil prices rose in early Asian trade amid positive sentiment.
Former Trump 2016 EPA transition team member Steve Milloy discusses if President-elect Donald Trump will be able to swiftly enact his oil and gas policies on ‘The Bottom Line.'
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