OIH Stock Recent News

Oil edged down in early trade on Tuesday after Israel-Hamas ceasefire talks in Cairo helped quell market fears of an expanded conflict in the Middle East, while worries about the outlook for U.S. interest rates weighed on the market.

U.S. stock futures were little changed in premarket trading on Friday as oil prices retreated from an overnight spike following Israel's retaliatory attack on Iran.

Investors weighing the impact of the latest Middle East escalations on oil need to separate the near-term from the fundamentals, says FGE Founder and Chairman Fereidun Fesharaki. He discusses crude's outlook with Haslinda Amin on Bloomberg Markets Asia.

Oil prices jumped more than 3% after unconfirmed reports of explosions near the Iranian city of Isfahan.

Crude oil prices jumped Thursday night following reports of explosions in a city in western Iran, amid fears of a wider conflict between Israel and Iran.

Oil prices rose and Japan's yen rallied on Friday on reports Israeli missiles have hit a site in Iran.

Oil prices slipped in early trade on Friday as U.S. jobs data pointed to higher interest rates for longer and easing tensions in the Middle East dampened supply concerns. The market largely shrugged off sanctions on Venezuela and Iran.

Oil prices (BZ=F, CL=F) have slid down about 3% this week as some of the tension in the Middle East has eased after escalations as Iran targeted Israeli military bases. Oil production seems to remain continuous as none of the recent attacks have touched production facilities.

Oil markets are trying to recover after the strong sell-off.

Geopolitical concerns are now fully baked into crude prices, an analyst at Morningstar says.