OIH Stock Recent News
OIH LATEST HEADLINES
Oil prices steadied on Wednesday after falling in the previous session on concerns new U.S. tariffs set to be unveiled later in the day may deepen a global trade war that could limit crude demand.
WTI crude rises to $71.60 on geopolitical tension, with bullish momentum building. Eyes on $73.11 as key resistance.
The crude oil markets continue to attempt to break higher. After initially trying to find the bottom of the three year range, and at this point in time, the oil market seems to be more of the “buy on the dip” mentality.
OPEC output rose +320k bpd in February, pressuring oil prices as demand weakens and geopolitical risks keep market sentiment mixed.
Oil traders take some profits off the table ahead of the weekend.
Crude oil prices edge higher as U.S. auto tariffs and falling inventories tighten supply. Market eyes key resistance levels for WTI and Brent crude.
WTI crude oil continues to rally from the support zone, while natural gas is nearing the support level of around $3.50.
Oil prices nudged higher on Thursday on concerns about tighter global supply after the U.S. tariff threat on Venezuelan oil buyers, while market players also grappled with the impact of Donald Trump's latest announcement on auto-sector tariffs.
WTI crude oil rebounds from the long-term support region, while natural gas remains in correction mode.
Recent Iran-related sanctions provide material support to oil markets.