OIH Stock Recent News
OIH LATEST HEADLINES
Crude oil prices have declined due to OPEC+ production increases and seasonal demand drops, impacting oil services stocks like Schlumberger, Baker Hughes, and Haliburton. The U.S. election will significantly influence energy policy and oil prices, with potential volatility and opportunities in oil services ETFs like VanEck Oil Services ETF. The OIH ETF's recent decline could present a buying opportunity, especially if oil prices stabilize or rise due to geopolitical tensions or policy shifts.
Looking for broad exposure to the Energy - Equipment and services segment of the equity market? You should consider the VanEck Oil Services ETF (OIH), a passively managed exchange traded fund launched on 12/20/2011.
Saudi Aramco reported $29.1 billion in net profit for the second quarter, a dip of 3.2% from the same period last year as production volumes remained low.
Oil prices are rising during the summer driving season, but Energy-sector stocks are lagging, with XLE and OIH poised for negative returns in Q2. The OIH ETF is underperforming the SPX & Crude Oil ETF, losing assets, and showing less impressive technical patterns within an emerging trading range. OIH has a concentrated allocation in its top 10 positions and historically weak July-September seasonals.
Launched on 12/20/2011, the VanEck Oil Services ETF (OIH) is a passively managed exchange traded fund designed to provide a broad exposure to the Energy - Equipment and services segment of the equity market.
Oil prices dropped 0.25% amid an unexpected inventory build, sparking concerns over demand and high interest rates impacting the energy market.
The Trans Mountain Pipeline from oil-rich Alberta to Vancouver will open up Asian and U.S. markets to Canadian producers. The case for Cenovus Energy.
World oil demand is expected to grow lesser this year than earlier estimates and output should grow faster than thought previously, resulting in a more balanced market, the U.S. Energy Information Administration (EIA) said on Tuesday.
Higher crude prices can put upward pressure on prices for consumers at the gas pump, including during the peak summer-driving season that kicks off on Memorial Day weekend.
Israel started its operation against Hamas in Rafah, but oil markets were calm.