NYSEARCA:OIH

Vaneck Vectors Oil Services Etf ETF News

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$414.70
-24.27 (-5.53%)
At Close: Jun 05, 2026
Oil prices are expected to decline through 2026, Goldman Sachs said on Monday, citing a production surge that will keep the market in a large surplus of around 2 million barrels per day.
Global oil inventories continue to rise as WTI remains stuck in a lower trading range, with seasonal demand still weeks away. Market conditions suggest limited upside and heightened downside risk unti
Global energy outlooks from OPEC, IEA, and EIA reveal a clear shift toward oil oversupply through 2025-2026, driven by strong non-OPEC production and slower demand concentrated in Asia. This analysis
U.S. oil and natural gas drilling activity has continued to decline even as production reaches record highs, the U.S. Energy Information Administration (EIA) said on Monday.
Crude oil trades noisily near key resistance zones, with both WTI and Brent showing early Monday hesitation. Traders remain focused on demand concerns and overhead EMAs, viewing rallies as potential s
Crude oil holds steady near key support as traders weigh Russian supply risks, OPEC policy, and sanctions. WTI eyes breakout above 200-day moving average.
Natural gas holds its rising channel while oil stalls on OPEC+ supply growth and geopolitical risks, keeping energy markets cautious and range-bound this week.
Oil prices fell in early Asian trade on Monday, erasing last week's gains, as loadings resumed at the key Russian export hub of Novorossiysk after a two-day suspension at the Black Sea port that had b

Oil Falls on Possible Technical Correction

07:31pm, Sunday, 16'th Nov 2025
Oil fell in the early Asian trade on a possible technical correction after Friday's notable price gains in both WTI and Brent.
Chevron and Exxon are “deep-pocketed names that are thinking 20 and 30 years out.”
Crude oil nears key 52-week moving average as traders weigh short-term demand optimism against persistent global supply and inventory concerns.
WTI crude surges as geopolitical risk disrupts Russian supply. Market holds above support with traders watching the 50-day moving average.
Commercial crude oil inventories jumped 6.4 million barrels as U.S. production set new records and refinery capacity utilization rose to 89.4%.
Traders worry that Russia's oil exports may decline.
The International Energy Agency projects oil and gas demand could grow until 2050, shifting from previous peak oil expectations due to slower green adoption.
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