NYSEARCA:OIH

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$414.70
-24.27 (-5.53%)
At Close: Jun 05, 2026
Crude oil triggered a bullish reversal today, targeting 89.23 and a likely second breakout above trendline resistance.
Oil traders focus on the changes in Fed policy outlook and prepare for the start of the rate cut cycle.
The inflation and interest rate outlook is outweighing mixed oil demand signals from the IEA and OPEC.
The inflation and interest rate outlook is outweighing mixed oil demand signals from the IEA and OPEC.
The significant U.S. inventory drawdowns and potential for strong summer demand suggest a slightly bullish short-term outlook for crude oil.
The International Energy Agency (IEA) has taken a haircut to its outlook for oil demand next year, as it sees continued rising supplies.
Tom Kloza, global head of energy analysis at OPIS, says there may be a "sharp, sharp drop."
Amrita Sen, founder of Energy Aspects, discusses the outlook for the oil market.
One forecast sees global oil production plateauing by next year.
Oil prices surged to $85.80, buoyed by a weaker dollar and unexpected U.S. inventory drawdowns, signaling a bullish trend.
Oil prices edged higher on Thursday as crude stocks fell after U.S. refineries ramped up processing and as gasoline inventories eased, signalling stronger demand.
Jeff Currie, Carlyle Group chief strategy officer of energy pathways, joins 'Closing Bell Overtime' to talk how to play the energy trade in the second half of 2024.
Priced at a risk premium ahead of Hurricane Beryl, but that needed to be removed to account for the lack of significant damage to Texas' oil infrastructure, notes Carley Garner. She and Tyler Richey d
Falling U.S. crude oil inventories provided support to oil markets.

A Bearish Outlook for Oil

11:58am, Wednesday, 10'th Jul 2024
4Q24 and 4Q25 surpluses create a risk of a large price correction, notes Vikas Dwivedi. He discusses a bearish outlook for oil.
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