OIH Stock Recent News

Oil fell in the early Asian session amid jittery markets. President Trump's 90-day pause on steep ‘reciprocal' tariffs for most countries doesn't alleviate uncertainty, ANZ Research analysts said.

A sharp rebound after testing a long-term channel suggests crude oil may be stabilizing, though further volatility and support tests remain possible.

Oil prices (CL=F, BZ=F) are down double digits since the start of 2025 as US President Trump's trade war fuels worries about the global economy. Tortoise senior portfolio manager and managing director Rob Thummel sits down with Madison Mills and Wolfe Research chief economist Stephanie Roth to examine the oil market and what it signals about the global economy.

“There's a lot of downside risk here” with oil and commodities “in the cross-hairs” of the trade war, Jeff Currie, chief strategy officer for energy pathways at Carlyle Group, said on Bloomberg Television.

U.S. stocks traded lower midway through trading, with the Dow Jones index dipping more than 4% on Thursday.

President Donald Trump's trade war has sent crude oil prices spiraling. Prices have reached levels where producers may pull back on drilling, undermining Trump's "drill, baby, drill" agenda.

Kevin Hincks says this market is "piling up good, hard data point" following a better-than-expected CPI and Jobless Claims report. He looks at the drop in gasoline and energy related prices that have weighed on inflation costs.

Amrita Sen, director of research at Energy Aspects, explains the factors that will continue to push oil prices lower this year. -------- More on Bloomberg Television and Markets Like this video?

The crude oil market continues to see a lot of noisy behavior, as we are trying to form some kind of range at this point. The markets will continue to try to get a grip on what happens next with the tariff war.

Trump's decision to increase tariffs on China, the world's second-largest economy and biggest crude importer, to an eye-watering 125% weighed on the market.