NYSEARCA:OIH

Vaneck Vectors Oil Services Etf ETF News

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At Close: Jul 13, 2026
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.
China's reopening from its Covid-19 restrictions is expected to be the main driver of increased oil demand this year.
Andrew Tilton of the investment bank discusses China's reopening, and says oil demand could rise by 2 million barrels a day or more.

Oil prices slip on global recession gloom

08:46pm, Monday, 16'th Jan 2023
Oil prices fell in early trade on Tuesday as recession fears dominated headlines out of the World Economic Forum's meeting in Davos, draining optimism that stoked the market last week on prospects of
Trader reaction to the 50% level at $80.23 is likely to determine the direction of the March WTI crude oil market on Tuesday.

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