OIH Stock Recent News

WTI oil remains under bearish pressure amid the threat of a global trade war, while natural gas continues to trade higher after rebounding from the key $3 level.

Kevin Hincks urges investors to stay alert this week. Most Mag 7 earnings have passed but there's a lot around the economy that can ignite market moves.

The major oil companies' results were hurt by narrow refining margins, lower oil prices and rising costs.

Exxon Mobil reported first-quarter earnings Friday that beat Wall Street expectations. However, profits were down 6% hurt by weaker oil prices.

Chevron's profit declined more than 30% compared with the same quarter in 2024 as oil prices have sold off steeply. FILE PHOTO: A Chevron gas station is seen in Austin, Texas, U.S., October 23, 2023.

The crude oil market continues to be very noisy, as we are looking at the overall economic picture as one that is difficult to gauge. At this point, the supply of oil is becoming a bit of a problem, but we are oversold to say the least.

Oil consolidated in the early Asian session as traders assessed mixed signals.

Chevron and other oil companies are cutting thousands of positions, while offshoring more white-collar jobs to the country.

Oil futures fall over 2% on Iran nuclear deal progress and OPEC+ output plans, pressuring crude oil prices and dimming near-term demand outlook.

Mukesh Sahdev, Senior Vice-President & Global Head, Commodity Markets from Rystad Energy breaks down factors shaping the current oil market drivers, and potential impacts from ongoing US-Iran negotiations.