NYSEARCA:OIH

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At Close: Jun 04, 2026
WTI crude oil rebounds as cautious investors seize bargains amid selling pressure before US consumer inflation report and Fed rate decision.
Oil held near its lowest level in almost three months on persistent concerns over the demand outlook in China and the US. Stephen Stapczynski reports on Bloomberg Television.
Oil prices inched higher on Tuesday on bargain hunting, recovering some ground from the previous day's plunge, but gains were limited as investors remained cautious ahead of key policy decisions by th
Goldman Sachs has lowered its forecast for Brent oil prices to $86 from $95 despite Saudi Arabia announcing a future cut in oil production. Yahoo Finance Senior Business Reporter Ines Ferre breaks dow
Goldman Sachs reduced its December forecast for WTI oil from $89 to $81.
Oil futures declined on Monday, with U.S. benchmark crude posting its lowest settlement since mid-March. “Disappointing economic numbers out of China continue to be a concern given the country's out
Goldman Sachs reduced its December forecast for global benchmark crude prices by almost 10% this week, partly attributing the move to higher-than-expected supplies from Iran and Russia.
U.S. oil output from top shale-producing regions is due to rise to the highest on record in July but the size of that increase is expected to be the lowest rise since December, U.S. Energy Information

Goldman Sachs slashes oil price forecast

12:20pm, Monday, 12'th Jun 2023
Goldman Sachs lowered its 2023 outlook for crude prices by almost 10% citing a number of factors, even after Saudi Arabia's surprise production cut took the global markets off guard.
Oil markets are moving towards yearly lows as China's economic rebound misses analyst expectations.
China's Unipec, the trading arm of top Asian refiner Sinopec , has emerged as a major seller of August-loading Oman crude this month, a move that has helped to cap benchmark prices despite Saudi Arabi
Oil prices face downward pressure as investors await Federal Reserve meeting and worry about China's demand growth and rising Russian supply.

Oil edges lower ahead of Fed meeting

09:06pm, Sunday, 11'th Jun 2023
Oil prices edged lower on Monday ahead of a Federal Reserve meeting as investors try to gauge the central bank's appetite for further rate hikes, while concerns about China's fuel demand growth and ri
From its' January 14 peak, the Enverus Daily Count of active North American drilling rigs has now fallen by 20%.
Tom McClellan, editor of The McClellan Market Report, joins 'The Exchange' to discuss where crude oil prices are headed, why he thinks gold is a leading indicator for oil, and more.
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