NYSEARCA:OIH

Vaneck Vectors Oil Services Etf ETF News

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At Close: Jun 03, 2026
Crude oil markets have been rather choppy on Friday as we continue to see a little bit of hesitation to confirm the inverted head and shoulders.
Oil futures rose Friday, with major benchmarks on track to score a second winning week on optimism over Chinese crude demand as the country lifts its COVID-19 restrictions.
Sector ETF report for OIH
Oil prices rose on Friday on optimism that the U.S. Federal Reserve will ends its tightening cycle, buoying the economy and boosting fuel demand.
Oil futures finished higher on Thursday, with expectations for stronger energy demand from China still providing support, despite data showing a fourth straight week of gains in U.S. crude supplies. T
Oil markets have recently moved back to session highs as traders remained focused on rising demand from China.
Traders focused on the surprising increase in crude inventories and ignored the decline in domestic oil production.
Recession fears in the US were heightened on Wednesday following the release of disappointing U.S. retail sales and industrial production data.
Crude oil markets have found a little bit of support during the trading session on Thursday, as we are now trying to decide what to do with the neckline of the inverted head and shoulders.

Oil ticks lower ahead of U.S. supply data

07:40am, Thursday, 19'th Jan 2023
Oil futures moved lower early Thursday as investors awaited an official read on U.S. crude inventories after industry data showed another large jump in domestic stocks.
Oil prices fell on Thursday after industry data showed a large unexpected increase in U.S. crude stocks for a second week, heightening concerns of a drop in fuel demand.

U.S. oil futures settle back below $80 a barrel

02:42pm, Wednesday, 18'th Jan 2023
Oil futures finished lower on Wednesday, with U.S. prices below $80 a barrel. Prices had spent much of the session trading higher, buoyed by expectations for higher energy demand from China.
Oil markets pulled back as traders focused on recession risks. The warm weather remained the key bearish catalyst for natural gas markets.
Crude oil markets have been rather strong over the last couple of weeks, and now have broken above the neckline of an inverted head and shoulders pattern.
Big oil services companies will start releasing their quarterly numbers from this week. Earnings ESPs are positive.
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