OIH Stock Recent News

Oil (CL=F, BZ=F) prices are expected to dip to the low $60-per-barrel range, similar to levels seen in 2021, as oversupply continues to plague the market. Macquarie Group global energy strategist Vikas Dwivedi joins Asking for Trend host Josh Lipton to discuss how geopolitical events, tariffs, and sanctions are shaping the oil market.

Asking for a Trend anchor, Josh Lipton breaks down the market trends for April 1, 2025. Oil prices dip as tariff concerns and geopolitical pressures weigh on oil markets.

Crude oil hit $72.32 but faced resistance, forming a bearish reversal pattern. A pullback is likely if prices drop below $71.34, with support at $70.64.

President Donald Trump said the U.S. is imposing "secondary tariffs" on countries that import oil from Venezuela, with China likely the main target. Nations that buy Venezuelan oil would face 25% tariffs on all trade with the U.S.

Oil traders take some profits off the table ahead of the tariff announcement.

The crude oil market continues to react to the threat of more tariffs against the Russians, as the Ukraine war continues. At this point, the market is also starting to see a lot of interest due to seasonal factors as well.

Crude oil prices hold gains above key support with a bullish outlook, fueled by sanctions, supply cuts, and geopolitical tensions.

Russia has ordered Kazakhstan's main oil export terminal, which handles crude pumped by U.S. majors Chevron and Exxon Mobil , to close two of its three moorings amid a standoff between Kazakhstan and OPEC+ over excess production.

WTI Crude Oil breaks above the resistance at $70, while Natural Gas finds support.

Oil futures were mixed in the morning Asian session but may face a possible technical correction after the futures posted sharp gains overnight.