NYSEARCA:OIH

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$414.70
-24.27 (-5.53%)
At Close: Jun 05, 2026
Brent oil tested multi-week lows as geopolitical premium declined.
The crude oil markets have fallen a bit during the week, testing the bottom of the symmetrical triangle that we have been in for some time. Because of this, the market looks like it is going to remain
The crude oil market has drifted a little bit lower in the early hours of Friday, as we are digesting a bit of those gains from Thursday. This is a market that continues to see a lot of volatility.
U.S. oil is down 2.7% this week while Brent is 0.84% lower. Surprise rate cuts by China this week raised worries that Beijing is struggling to breathe life into the world's second largest economy.
Oil prices were little changed early Friday morning, weighed down by expectations of a Gaza hostage and ceasefire deal that could move forward after U.S. President Joe Biden and Israeli Prime Minister
Helima Croft, Global Head of Commodity Strategy at RBC Capital Markets, discusses what a Kamala Harris presidency would mean for the energy markets.

How Could Kamala Harris Affect Big Oil?: BNEF

06:41am, Friday, 26'th Jul 2024
What would a Kamala Harris presidency mean for the energy industry, particularly as Big Oil has been tapping the brakes on divesting fossil-fuel assets? Luxi Hong, head of BloombergNEF's downstream oi
Oil prices drop for third week as traders struggle with momentum, while U.S. growth beats expectations and China's demand declines. Read the full analysis now.
With Chinese oil demand falling by 8.1%, concerns about consumption rise, putting pressure on WTI prices.
Oil prices were up slightly on Friday on stronger-than-expected U.S. economic data that raised investor expectations for increasing crude oil demand from the world's largest energy consumer.
Signs of a bullish reversal in crude oil emerge as it bounces from 77.06, reclaiming key levels and targeting a breakout above 79.45.

Mining Stock Tumbles as Oil Prices Soften

03:17pm, Thursday, 25'th Jul 2024
Newmont Corporation  (NYSE:NEM) stock is down 3.5% to trade at $46.07 at last check, brushing off a second-quarter earnings and revenue beat as gold prices soften.
The strong GDP report provided significant support to oil markets.
The oil markets fell a bit in the early hours of Thursday, as the markets continued to show signs of panic overall. However, the Advance GDP numbers in America were hotter than anticipated, thereby dr
Concerns about China's economy are outweighing the impact of declining U.S. crude inventories. In this article @LCO.1
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