NYSEARCA:OIH

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$414.70
-24.27 (-5.53%)
At Close: Jun 05, 2026
Light Crude Oil Futures are exhibiting a near-flat trade as traders weigh the IEA report's impact and await the U.S. PPI report.
Oil prices meandered on Friday as investors pondered slowing demand forecast by an influential group and weak U.S. retail sales data that sparked optimism about U.S. interest rate cuts.
Houthis claimed attack on British ship, providing additional support to oil prices.
The crude oil markets bounced on Thursday after initially selling off, showing signs of resiliency yet again.
Crude oil demand is expected to grow by 1.2 million barrels per day this year, down nearly 50% from growth of 2.3 million bpd in 2023, according to the IEA.
IEA's forecast cut to 1.22m bpd dims oil demand outlook, with USOIL dipping to $76 signaling market shifts.
Oil futures fell early Thursday, on track for back-to-back declines after data showing a sharp rise in U.S. crude inventories the previous session.
Andy Critchlow, head of news, EMEA, at S&P Global Commodity Insights, discusses the outlook for the oil market amid geopolitical tensions.

Oil slips after large US crude stock build

08:46pm, Wednesday, 14'th Feb 2024
Oil prices eased in early trade on Thursday after a data showed that U.S. crude inventories jumped much more than expected, raising concerns about demand in the world's largest economy.
Oil traders rushed to take some profits off the table after the release of the bearish EIA report.

Crude Oil Strength Continues

11:55am, Wednesday, 14'th Feb 2024
OPEC sticks to its 2024 oil demand outlook. Bill Baruch discusses crude oil as its strength continues.
Israel has launched an extensive wave of attacks in Lebanese territory, Israel Defense Forces spokesperson Daniel Hagari said on social media Wednesday.
High U.S. crude stocks, inflation, and Fed rate cut views, coupled with OPEC's robust demand forecast, sway crude oil market trends.
Oil prices fell in early Asian trade on Wednesday after a U.S. industry group reported crude stocks rose more than expected last week and as investors reined in expectations for interest rate cuts by
Rising tensions in the Middle East provide additional support to oil markets.
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