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Buy OIH
$414.70
-24.27 (-5.53%)
At Close: Jun 05, 2026
U.S. crude oil extends gains, trades above $78 as Department of Energy sees supply deficit
08:22am, Wednesday, 12'th Jun 2024
The Department of Energy raised its global oil demand forecast and sees a supply deficit this year. OPEC maintained robust oil demand and economic growth forecasts.
Oil prices rise after industry data shows fall in U.S. crude, gasoline inventories
07:21am, Wednesday, 12'th Jun 2024
Oil futures rose Wednesday as investors sifted through a raft of updated forecasts and awaited official data on U.S. inventories after industry figures showed a decline last week in crude stocks.
Oil's last ‘hurrah' is coming. Here's the commodity investors should be buying instead, says Citi
06:57am, Wednesday, 12'th Jun 2024
Those events “could determine the global market mood for the rest of the month, and a good part of summer,” observes Ipek Ozkardeskaya, senior analyst at Swissquote Bank.
Crude Oil News Today: Prices Climb on Strong Short-Term Demand Projections
06:39am, Wednesday, 12'th Jun 2024
In the short term, the outlook for oil prices remains bullish, supported by strong demand projections and declining U.S. inventories.
IEA Predicts Bearish Long-Term Outlook for Oil with Surplus and Peaking Demand
05:30am, Wednesday, 12'th Jun 2024
The IEA forecasts a bearish long-term outlook for crude oil with peaking demand, significant supply surplus, and a shift to renewable energy sources.
Oil prices rise despite warnings of a "major surplus" this decade
04:20am, Wednesday, 12'th Jun 2024
Oil prices have rallied this morning despite the International Energy Agency's warning that the world will face a "major surplus" of the commodity by the end of the 2020s. Slowing demand caused by the
Big Oil given stark warning as peak crude and a major supply surplus expected by 2030
04:01am, Wednesday, 12'th Jun 2024
In its latest medium-term market report, titled Oil 2024, the IEA said oil demand growth was on track to slow down before reaching its peak near 106 million barrels per day by 2030. At the same time,
Natural Gas and Oil Forecast: Oil Prices Rise Over 0.25%; More Upside Ahead?
02:08am, Wednesday, 12'th Jun 2024
U.S. oil inventories dropped by 2.4 million barrels, boosting oil prices over 0.25%. Could this signal further gains ahead?
Oil prices edge up on optimistic demand outlook
08:33pm, Tuesday, 11'th Jun 2024
Oil prices ticked higher on Wednesday on upbeat global demand views from the U.S. Energy Information Administration and OPEC.
Crude Oil Price Forecast: Eyes Bullish Targets
04:46pm, Tuesday, 11'th Jun 2024
Crude oil surged above key resistance levels, reaching a new high of 78.52, and may continue its bullish trend towards the 200-Day MA at 79.96.
Natural Gas, WTI Oil, Brent Oil Forecasts – Oil Is Mostly Flat As Traders Focus On OPEC Demand Forecast
02:28pm, Tuesday, 11'th Jun 2024
OPEC maintained its global oil demand growth forecast for 2024.
Did OPEC Fumble This One?
10:02am, Tuesday, 11'th Jun 2024
The discussion revolves around the confusion regarding OPEC's recent announcements.
Oil prices little changed as OPEC sticks to demand and steady economic growth forecasts
08:37am, Tuesday, 11'th Jun 2024
OPEC has stuck to its robust oil demand forecasts for 2024 and 2025 as the cartel sees steady global economic growth ahead. Crude oil rallied more than 2% Monday and has now recovered most of the loss
Brent Crude Oil Stabilises Around 81.50 USD Amid Demand Optimism
08:25am, Tuesday, 11'th Jun 2024
Brent crude oil is holding steady at 81.50 USD per barrel on Tuesday, following a significant surge of over 2.5% the previous day. The price increase was driven by optimistic market expectations about
OPEC sticks to 2024 oil demand growth forecast, but trims Q1 view
07:39am, Tuesday, 11'th Jun 2024
OPEC on Tuesday stuck to its forecast for relatively strong growth in global oil demand in 2024, despite lower than expected use in the first quarter, saying travel and tourism would support consumpti
