NYSEARCA:OIH

Vaneck Vectors Oil Services Etf ETF News

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At Close: Jun 23, 2026
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.
Oil futures rose Wednesday to their highest levels since early December as traders remained upbeat about the reopening of China's economy after Covid restrictions were lifted with the International En
U.N. Secretary-General Antonio Guterres on Wednesday condemned fossil fuel giants for ignoring their own climate science.
China's rapid shift to reopen its economy following years of Covid-19 lockdowns should help oil demand rise to a record level this year, the International Energy Agency said Wednesday.
Beijing's rapid pivot away from its zero-Covid approach has largely taken the oil market by surprise.
U.S. oil futures edged higher on Tuesday, settling above $80 a barrel for the first time in more than two weeks. Traders continued to assess the energy demand outlook, particularly from China, which r
OPEC predicts that global demand for oil will increase by 2.22 million bpd in 2023.
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