NYSEARCA:OIH

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$414.70
-24.27 (-5.53%)
At Close: Jun 05, 2026
Oil prices hovered near two-week highs on Monday following 6% gains last week, as geopolitical tensions heightened between western powers and major oil producers Russia and Iran, raising risks of supp

Oil Flat; Geopolitical Tensions Support

07:49pm, Sunday, 24'th Nov 2024
Oil was flat in early Asian trading. Recent prices have been supported by geopolitical tensions, ANZ research analysts said.
Inflation worries have come back to haunt U.S. financial markets as inventors fret over the potential policy changes under President-elect Donald Trump's second term could stoke a resurgence of price
Crude oil rallied 6.46% last week, fueled by Ukraine war risks and China's demand recovery. Can prices break resistance at $71.53 and push higher?
CNBC's Jim Cramer said that stocks related to oil and natural gas will thrive under President-elect Donald Trump. Trump has shown more favor to the industry than President Joe Biden, and Cramer noted
Heritage Foundation research fellow and economist EJ Antoni weighs in on Occidental Petroleum CEO's warning over U.S. energy independence and reacts to the White House touting lower prices ahead of Th
Oil traders stay bullish amid rising geopolitical tensions.
The crude oil market has bounced a bit in the past few sessions, as this week has been strong overall. At this point in time, the market is likely to see a lot of sideways action overall, as the marke
The crude oil market was somewhat positive in the early hours on Friday, as we continue to see a lot of buying pressure. Ultimately, this is a situation where people are looking to pressure the upside

Trump Wants to Make Deals on Oil, McNally Says

09:29am, Friday, 22'nd Nov 2024
Bob McNally, Rapidan Energy founder, says President-elect Donald Trump is willing to crimp energy exports to get deals on oil production. McNally also talks about possible oil production cuts from Ira
J.P. Morgan sees the price of Brent oil averaging $73 per barrel (/bbl) in 2025 and expects it to close the year firmly below $70/bbl, with U.S. West Texas Intermediate at $64/bbl, the bank said in a
Crude-oil prices sank on Friday after a gauge of European business activity sank to a 10-month low, the latest indication that demand for the essential commodity was set to weaken.
Oil prices edge lower with $70.15 as a key pivot for traders. Rising Chinese imports offset supply concerns, keeping this week's gains near 5%.
The global oil market is balanced thanks to the actions of OPEC+ countries and compliance with its quotas, Russian Deputy Prime Minister Alexander Novak said on Friday following a Russia-OPEC meeting.
WTI climbs above $70 as markets eye OPEC+ decisions. Can weak Chinese demand and geopolitical risks shift trends?
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