NYSEARCA:OIH

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$414.70
-24.27 (-5.53%)
At Close: Jun 05, 2026
The cruel markets continue to be very choppy, as we continue to bang around a couple of major moving averages and trying to determine whether or not we have enough momentum to break out to the upside.
Traders are waiting for the consumer and producer price indexes, released Tuesday and Thursday, for additional signs of when the Fed might cut interest rates.

Oil prices edge higher to kick off week

06:51am, Monday, 11'th Mar 2024
Oil futures edged higher early Monday, attempting to bounce back after a weekly decline tied in part to worries over the demand outlook from China.
Crude oil steadies amid U.S. economic shifts, China's slowing economy, and geopolitical unrest affecting global demand and supply.
Amidst OPEC+'s cuts and China's wavering demand, geopolitical tensions could reshape the natural gas and oil markets, promising unexpected shifts.

Oil prices fall on China demand worries

09:56pm, Sunday, 10'th Mar 2024
Oil prices extended last week's losses on Monday on concern about slow demand in China, though lingering geopolitical risk surrounding the Middle East and Russia limited the decline.
As China's oil imports decline and OPEC+ enforces cuts, crude oil traders face uncertain markets influenced by the Fed's looming rate cut decision.
Oil futures declined on Friday, contributing to an overall loss for the week, as downward revisions to previous U.S. monthly jobs data raised concerns over the strength of the economy, and demand for
Oil prices fell this week with US and China demand worries. Brent and WTI show weekly declines amid global concerns.
U.S. energy firms this week cut the number of oil and natural gas rigs operating for the first time in three weeks, energy services firm Baker Hughes said in its closely followed report on Friday.

What Rising Gas Prices Mean for the Economy

11:39am, Friday, 08'th Mar 2024
The markets are lower ahead of the jobs report. Carley Garner discusses this, along with how crude oil (/CL) remains below the $80 level.
Traders are parsing nonfarm payrolls data to assess where interest rates — and oil demand —will go.
Oil prices show variability due to growing demand in U.S. and China, with the market responding favorably to anticipated Federal Reserve rate cuts.
As US and China fuel a surge in demand, oil prices leap, with Natural Gas holding steady at $1.85, signaling a bullish market phase ahead.
Oil prices rose on Friday, driven by growing demand in the United States and China, the world's biggest oil consumers, and as the U.S. Federal Reserve gave a positive signal on possibility of rate cut
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