NYSEARCA:OIH

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$414.70
-24.27 (-5.53%)
At Close: Jun 05, 2026
The bearish trend in crude oil persists, nearing critical support levels. Once complete, technical analysis indicates possible eventual upside breakout.
Crude oil prices continued falling Tuesday, extending a month-long decline despite aggravated hostilities in the Middle East and dwindling U.S. supplies.
Oil traders stay bearish amid worries about the health of China's economy.
The crude oil markets continue to see downward pressure, but both of the grades that I follow are close to supportive regions. The markets may be looking at pricing some kind of economic slowdown curr
China's sluggish economy is overshadowing escalating tensions in the Middle East. Israel is expected to retaliate against the Iran-backed militia Hezbollah, after a rocket fired from Lebanon killed 12
Oil futures hovered near unchanged early Tuesday, unable to shake off recent weakness tied to concerns about the outlook for demand from China, the world's largest crude importer.
Oil futures steady near June lows amid weak Chinese demand, U.S. inventory anticipation, and geopolitical tensions. Read our analysis on oil price trends today.
Pavel Molchanov, managing director and equity research analyst at Raymond James energy group, says "it may be that Trump wants even more drilling activity, but of course that's not up to him or any pr
Bloomberg's Will Kennedy and James Herron discuss BP's results after the British energy giant reported strong second-quarter earnings. They also talk about Vitol's decision to hand traders a record $6

Analyst discusses outlook for oil markets

03:45am, Tuesday, 30'th Jul 2024
Carole Nakhle, CEO at Crystol Energy, discusses the oil market outlook amid geopolitical tensions in the Middle East.
Jersey Oil and Gas PLC (AIM:JOG, OTC:JYOGF)said it would assess its North Sea developments when the full extent of tax changes and allowances proposed by Chancellor Rachel Reeves are published in the
BP PLC (LSE:BP.) announced a second-quarter profit of $2.76 billion, surpassing market expectations.
British oil giant BP posted underlying replacement cost profit, used as a proxy for net profit, of $2.8 billion for the second quarter. That beat analyst expectations of $2.6 billion, according to an
WTI crude oil dips below $75.50 amid weak Chinese demand, raising questions about further potential selloff and market instability.
Oil prices slipped in early Asian trading on Tuesday, extending losses from the previous session, over concerns about Chinese demand and as the market shrugged off the risk of conflict escalating in t
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