NYSEARCA:OIH

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At Close: Jun 04, 2026
Saudi Arabia and Russia are expected to extend their production cuts, which is bullish for oil markets.
Personally, I'm tired of the focus on Jerome Powell and the Federal Reserve. We just went through the fastest rate hike cycle in history, and any incremental rate hikes now matter far less than the la
Oil continues to try to break higher, which is a continuation of the last several days on Thursday.
OPEC, backed by Russia's support, balances production cuts against China's contracting manufacturing; a critical juncture in crude oil news.
Global oil prices were up in early trade on Thursday backed by tighter U.S. supply, with a focus on China factory activity due later in the day amid recent weak economic expansion data in the world's
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U.S. oil futures settle at a more than 2-week high

02:47pm, Wednesday, 30'th Aug 2023
U.S. oil futures settled Wednesday at their highest in more than two weeks, finding support after U.S. government data revealed a 10.6 million-barrel drop in domestic crude supplies for the week ended
Traders worry about the safety of supplies after the military coup in the OPEC member Gabon.

Crude Inventories Decline By 10.6 Million Barrels

10:47am, Wednesday, 30'th Aug 2023
Traders will also stay focused on the military coup in the OPEC member Gabon.
Crude oil markets had a bullish session on Wednesday, as we continue to break out of consolidation areas and look at the dwindling supply of crude out there.
Oil futures rose early Wednesday, finding support after industry data showed a large draw to U.S. crude inventories.
Crude oil firms on a major U.S. inventory drop and rising demand due to a weaker dollar, as OPEC's Saudi Arabia considers prolonging output cuts.
Oil prices extended gains on Wednesday after industry data showed a large draw in crude inventories in the U.S., the world's biggest fuel consumer, and as concerns about a hurricane in the Gulf of Mex
Lipow Oil Associates President Andrew Lipow joins Yahoo Finance anchors Seana Smith and Akiko Fujita to discuss the impact of the Hurricane Idalia on oil prices. Lipow says, “the impact of Hurricane
U.S. oil futures gained on Tuesday, settling at their highest in more than a week, as traders continued to monitor Hurricane Idalia's path and its potential impact on energy operations in the Gulf of
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