VanEck Oil Services ETF

OIH

Market cap $2.04B

Crude oil continues to react to headlines in the Middle East on Friday, and of course, heading into the weekend, there will be nerves.

U.S. natural gas futures were steady after recent declines on a milder weather outlook and soft LNG feedgas flows.

A few words of caution before you start buying stocks.

Jeffrey Currie, chief strategy officer at Altis Partners, says “crude oil prices are the noise, product prices are the signal,” as he explains why the global oil market has moved from deficit to shortage.

Oil prices rose 13% this week as the U.S. and Iran ramped up strikes against one another, raising concerns again about the global oil supply. Bank of America warned that if the conflict doesn't ease soon, barrels could reach upward of $100.

Oil gains after a sharp inventory draw while natural gas remains range-bound. Discover the latest forecasts for WTI crude, Brent crude and natural gas.

Oil prices rose Friday as investors weighed escalating threats between the United States and Iran. Tehran vowed to retaliate against regional infrastructure if President Donald Trump follows through on plans to strike the country's key facilities.

Oil prices inched higher on Friday after the U.S. and Iran stepped up attacks across the Gulf, with their broken truce limiting oil ​flows out of the Strait of Hormuz and with Tehran asking the Houthi ‌movement to stand ready to shut the Red Sea export route.

Oil rose in early trade amid escalating concerns over supply disruptions in the Middle East.

WTI crude oil is testing key resistance after a strong recovery, with a breakout potentially opening the path toward higher Fibonacci targets.