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 rise amid global supply-demand factors, OPEC+ cut speculations, and fluctuating U.S. inventories impacting short-term market forecasts.
Oil prices rose on Friday and were set to end the week modestly higher as talks over a potential ceasefire in Gaza were further complicated by the deaths of more than 100 Palestinians waiting for an a
WTI oil continues its attempts to settle above the resistance at $79.00 – $80.00.
Upcoming PCE report and Fed's interest rate stance could significantly impact oil market direction.
With Natural Gas holding strong above $1.8651, the market eyes the $2 mark despite headwinds from a swollen U.S. crude inventory.
Oil prices eased early on Thursday after a larger-than-expected build in U.S. crude stockpiles stoked worries about slow demand, while signs that U.S. interest rates could remain elevated for longer a
Oil markets continue to consolidate below the key resistance level.
The national average price for a gallon of gasoline hit a four-month high on Wednesday, and analysts expect it to keep rising as oil prices trend upward, refineries struggle with capacity and states t

Crude oil Price Surges

11:12am, Wednesday, 28'th Feb 2024
Is a BULLISH market on the horizon?
OPEC+ decision is pivotal in determining whether the market can sustain its position above the 200-Day Moving Average
Amid Fed's rate cut hesitations, U.S. crude stocks rise, sparking concerns. OPEC+'s output cut extension could further strain global oil supply.
Oil prices slipped in early Asian trade on Wednesday as the prospect of a delayed U.S. rate cutting cycle offset the boost provided by talk of extensions to production cuts from OPEC+.
Bulls bet that tensions in the Middle East and rising demand in China would push oil prices to new highs.
Dan Pickering, CIO of Pickering Energy Partners, says "if we do see an upside move in prices, it's probably because something bad is happening in the world, primarily in the Middle East or the Russia-
Vikas Dwivedi, global energy strategist at Macquarie Group, discusses the state of energy markets, saying they've become used to the idea that geopolitical tension does not always mean oil barrels wil
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