NYSEARCA:OIH

Vaneck Vectors Oil Services Etf ETF News

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$431.22
+0.770 (+0.179%)
At Close: Jun 03, 2026
Oil and Natural Gas settle into technical ranges as the Middle East truce holds. WTI bounces strongly inside its blue channel, Brent finds solid support, and NatGas builds short-term base near $2.85.
Russia's crude oil production declined by 460,000 barrels per day in April from the same month a year ago to around 8.8 million bpd, the International Energy Agency said on Wednesday, as Ukraine rampe
Oil prices slipped early Wednesday as President Donald Trump headed to Beijing for a high-stakes summit with China's Xi Jinping.
The energy watchdog now expects global oil demand to contract by 420,000 barrels a day this year, from its an 80,000-barrel-a-day decline projected previously.
Global oil supply will not meet total demand this year as ​the Iran war wreaks havoc on Middle East ‌oil production, the International Energy Agency said in its monthly oil market report on Wednes
Oil prices fell on Wednesday after rising in three consecutive sessions, as investors awaited developments ​around the fragile ceasefire in the Iran war and U.S. President Donald Trump headed to Chi

Oil Slips on Likely Technical Correction

08:49pm, Tuesday, 12'th May 2026
Oil prices fell in early Asian trade, on a possible technical correction after settling higher on Tuesday.
CME Group plans to launch futures that would let investors bet on the price of computing power.
The price to fill commercial jetliners has nearly doubled as the Strait of Hormuz remains closed. It costs about $340,000 to fully fuel an Airbus A380, an increase of about 61% from pre-war levels.
Crude oil consolidates within a symmetrical triangle as bullish structure holds, with support strength and resistance tests signaling an approaching breakout-driven directional move.
Comprehensive cross-platform coverage of the U.S. market close on Bloomberg Television, Bloomberg Radio, and YouTube with Romaine Bostick, Katie Greifeld, Carol Massar and Tim Stenovec. -------- More
Have you heard about the NACHO Trade? Many market watchers are now well acquainted with the almost weekly appearance of the TACO Trade – the Trump Always Chickens Out Trade.
Oil markets rally as traders bet that the Strait of Hormuz would not be reopened anytime soon.
Global crude reserves are rapidly depleting, pushing the world toward scarcity.
The agency said it expects inventories to decline by 2.6 million barrels a day on average in 2026, compared with its previous estimate of a 300,000 barrels a day decrease.
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