OIH Stock Recent News
OIH LATEST HEADLINES
Oil prices were little changed on Friday after rising in the previous session as concerns drone attacks on northern Iraqi oil fields will cut supply vied with worries of potential demand declines amid uncertainty in U.S. tariff policy.
Gold remains sideways as it searches for its next direction, while silver corrects from overbought levels to find support for the next rally.
Crude's rebound from major support zones could surprise to the upside, challenging resistance levels despite earlier bearish breakdown from flag and rising trend channel.
Rising tensions in the Middle East provide support to oil markets.
Now that the stock market calendar range for July is set, let's look at crude oil futures. First, there is the chart of the United States Oil Fund ETF (NYSEARCA: USO) for those who prefer to trade the ETFs rather than commodities futures This chart unveils a lot about this oil ETF.
The crude oil market continues to see a lot of support just below, as the markets are trying to retain the recent breakout above what had been a massive barrier for some time. This is a market that is slightly bullish overall.
WTI crude oil holds the 200-day MA, but soft demand and resistance at $67.44 cap upside. Read this oil outlook and analysis of key technical drivers.
India has the scope to cut fuel prices if crude oil prices stay at current levels for the next two to three months, Oil Minister Hardeep Singh Puri said on Thursday.
Geopolitical tensions and rising OPEC+ output keep oil and natural gas markets volatile as traders assess shifting supply-demand risks.
WTI crude oil consolidates around the long-term support zone at $66, while natural gas remains in a bullish trend.