NYSEARCA:OIH

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At Close: Jun 04, 2026
Top oil exporter Saudi Arabia has raised the prices for most its crude oil to Asian customers in August for a second month, following its announcement of prolonging an extra output cut on top of a bro

Oil prices edge higher as traders eye inventories

07:50am, Thursday, 06'th Jul 2023
Oil futures edged higher Thursday, finding support as investors weighed industry data that showed a drop in U.S. crude inventories ahead of an official reading.
Sluggish Chinese demand, caused by slow services activity expansion, overshadow Saudi supply curb, causing WTI crude oil prices to slip.
Oil prices moved little in early Asian trade on Thursday as the prospect of tighter supply with output cuts from Saudi Arabia and Russia and a bigger-than-expected drop in U.S. crude stocks were offse

Oil Futures Rise in Wake of OPEC+ Cuts

08:48pm, Wednesday, 05'th Jul 2023
US oil prices still holding onto gains as traders weigh the impact of additional production cuts announced earlier this week by Saudi Arabia and Russia. Su Keenan reports on Bloomberg Television.
Oil futures settle higher on Wednesday, as reported comments from Saudi Arabia at an Organization of the Petroleum Exporting Countries seminar raised the potential for tighter crude supplies. Saudi En
(Kitco News) - Further production cuts from Saudi Arabia and Russia are providing some momentum for oil prices, which in turn, is supporting the gold market; however, oil prices will have to go much h
Traders focus on U.S. holiday demand and prepare for tomorrow's EIA crude inventories data.
Russia and Saudi Arabia announced an extension to cuts in oil production on Wednesday, but prices for crude oil dropped 1% despite the move, analysts say.
The crude oil market has rallied a bit during the trading session on Wednesday, as traders have returned from the Independence Day holiday in the United States.
Saudi oil cuts from April and July will impact inventories, IEF Secretary General Joe McMonigle tells CNBC's Dan Murphy at the OPEC seminar in Vienna.
Oil prices face downward pressure as concerns over the global economy persist, despite production cuts.
Oil prices eased on Wednesday, paring the previous day's gain as fears over a global economic slowdown denting fuel demand outweighed expectations of tighter supply due to output cuts announced by top
Oil prices are moving higher as bulls hope that Saudi Arabia and Russia would balance the market with production cuts.
The crude oil market rallied just a bit during the trading session on Tuesday, in thin electronic holiday trading.
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