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 markets are moving higher as short sellers take profits after the recent pullback.
The crude oil market continues to see a lot of back and forth on Wednesday, as the market continues to see a lot of questions as to where the demand may or may not come from in the near future. At thi
Oil futures were marginally higher early Wednesday.
Crude oil faces technical hurdles at $69.21 as OPEC cuts demand forecasts for 2024-25. Weak Chinese demand weighs on market.
Geopolitical tensions and revised OPEC projections weigh on demand, creating a cautious outlook for energy markets.
Oil prices may see a drastic fall in the event that OPEC+ unwinds its existing output cuts, said market watchers. A decline to $40 a barrel would mean around 40% erasure off current crude prices.

Oil trims losses on tight near-term supply

09:52pm, Tuesday, 12'th Nov 2024
Oil prices edged up on Wednesday on signs of near-term supply tightness but remained near their lowest in two weeks a day after OPEC downgraded its forecast for global oil demand growth in 2024 and 20
Oil prices were mixed in early Asian trade. Market sentiment was likely weighed after OPEC cut its demand forecasts, Westpac said.
Crude oil remains in consolidation below key support levels, signaling the potential for a bearish continuation if prices break below the September low.
OPEC+ will face strong headwinds in 2025 as not-OPEC+ producers keep gaining market share.
Oil markets were swinging between gains and losses as traders reacted to the OPEC report.
The crude oil market has seen a lot of support previously, as the market continues to see a massive floor at the same place we have in the past. The overall range has been intact for over two years, a

Big Oil's climate targets

08:47am, Tuesday, 12'th Nov 2024
The world's biggest oil and gas companies have set varying targets to reduce greenhouse gas emissions from their operations and the combustion of the products they sell.
Oil futures rose Tuesday, bouncing after back-to-back losses that sent the U.S. benchmark back below the $70-a-barrel threshold.
Russia's crude oil output edged up in October by 9,000 barrels per day (bpd) to about 9.01 million bpd, the Organization of the Petroleum Exporting Countries (OPEC) said on Tuesday, citing data from s
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