NYSEARCA:OIH

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At Close: Jun 04, 2026
Crude oil markets have been a bit sluggish on Monday, which makes sense considering that they have gone straight up in the air for some time.
Amid OPEC+ supply cuts and a buoyant Chinese demand, crude oil news shows prices soaring to new heights.
Oil prices inched higher on Monday, buoyed by forecasts of a widening supply deficit in the fourth quarter after Saudi Arabia and Russia extended cuts and on optimism of a demand recovery in China, th
IEA confirmation of OPEC+ cuts fuels short-term bull run; oil prices surge on optimism, supply disruptions while differing visions create uncertainty.
Stocks are lower following the start of the United Auto Workers strike against the Big Three automakers, Ford (F), General Motors (GM), and Stellantis (STLA), and the upcoming Federal Reserve meeting.
Oil prices finished higher on Friday, with U.S. benchmark crude marking another finish at their highest since November and posting a third straight weekly gain. Warnings by the International Energy Ag
Oil markets did not gain downside momentum as the pullback was quickly bought.
Brent and WTI oil futures are trading at 10-month highs and nearing $100 on tighter supply expectations and improved market fundamentals. But will the bullishness last?
Crude oil markets have rallied significantly during the course of the trading week, as the OPEC production cuts are really starting to smack the markets around.

Oil futures extend push above $90 a barrel

07:43am, Friday, 15'th Sep 2023
Oil futures rose Friday, extending a push above the $90-a-barrel threshold, on continued worries over tight supplies.
Robust Chinese economic data boosts crude oil news, driving prices upward for the third consecutive week, highlighting surging demand.
Oil prices rose to their highest level in 10 months on Friday, after China cut banks' cash reserve requirements to boost its economic recovery, and on expectations that major global interest rate hike
Oil is extending its gains after West Texas Intermediate settled above $90 a barrel in New York for the first time since November. It's the latest milestone in a surge driven by output cuts from Saud

Oil tops $90 as inflation kicks up

06:40pm, Thursday, 14'th Sep 2023
The price of oil hit $90 per barrel as crude supply tighten amid oil production cuts from Saudi Arabia and Russia creating a new headline in the fight to bring down inflation.
After long speculation by energy analysts, Brent crude oil (BZ=F) and WTI crude oil (CL=F) have officially exceeded $90 per barrel. This marks the highest point for oil prices since November 2022.
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