NYSEARCA:OIH

Vaneck Vectors Oil Services Etf ETF News

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At Close: Jun 04, 2026
China's rate cuts met analyst expectations but traders wanted to see a more aggressive approach.
The crude oil markets tested the 50-Day EMA on Tuesday, only to turn around and fail again.
Commodities have been in a broad downtrend for the last year, but I noticed one potential bullish reversal sign. The VanEck Oil Services ETF has a low earnings multiple, reasonable EPS growth, and is
China's disappointing rate cut raises oil demand worries; surging crude exports from Iran and Russia counteract OPEC+ cuts, adding to supply concerns.
Oil prices were mixed on Tuesday ahead of a decision on lending benchmarks by China, with the world's second-largest economy widely expected to cut key rates to shore up a slowing recovery.
Oil traders decided to take some profits off the table after the recent rebound.

Oil Prices Fall On Fears Over China Growth

05:54am, Monday, 19'th Jun 2023
The world's second-largest economy hasn't bounced back as quickly as expected after Beijing relaxed Covid-19 restrictions.
Global oil prices face a significant decline as worries over China's economy outweigh the impact of OPEC+ cuts and oil rig reduction in the US.
Global oil prices fell on Monday, backing off last week's gains as questions over China's economy outweighed OPEC+ output cuts and the seventh straight drop in the number of oil and gas rigs operating
Emerging markets and commodities are showing strength amid a weak USD, which has a historical negative correlation with these sectors. Risk-on currencies like the Australian Dollar and Canadian Dollar

Oil futures gain more than 2% for the week

03:01pm, Friday, 16'th Jun 2023
Oil futures climbed on Friday, with U.S. benchmark prices posting a gain of more than 2% for the week. “Chinese oil demand has been the biggest uncertainty in the market, with the International Ener
Oil markets continue to move higher ahead of the weekend.
A full return of Iranian oil production would have a significant impact on the global market, analysts say, but isn't likely even as some news reports this week suggested an imminent, interim nuclear
Crude oil markets initially fell during the week but have turned around to show signs of life. The question now is whether or not we are forming a bottom?
Crude oil markets have been very quiet during the trading session on Friday as we continue to see a lot of noisy behavior.
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