VanEck Oil Services ETF (NYSEARCA:OIH – Get Free Report)’s stock price reached a new 52-week high during mid-day trading on Tuesday . The stock traded as high as $375.86 and last traded at $374.04, with a volume of 664337 shares. The stock had previously closed at $367.11.
Key VanEck Oil Services ETF News
Here are the key news stories impacting VanEck Oil Services ETF this week:
- Positive Sentiment: Geopolitical tensions (U.S.–Iran) are keeping a risk premium under crude, supporting oil-service demand if prices stay elevated. Oil drifts lower as traders weigh supply risks amid U.S.–Iran tensions
- Positive Sentiment: Analysts and market notes highlight a tighter physical crude market and possibly underpriced Iran risk — a bullish input for service activity if flows stay constrained. Oil Price News: Tight Physical Market & Underpriced Iran Risk
- Positive Sentiment: OPEC output fell in January (Nigeria, Libya disruptions), which reduces near-term supply and supports crude — positive for service providers if higher prices lead to more activity. OPEC oil output falls in January
- Neutral Sentiment: Technical analysts show crude holding in a range (WTI/Brent near key levels); this keeps short-term volatility high but doesn’t yet signal a clear directional break for service stocks. Crude Oil Technical Analysis
- Neutral Sentiment: Broader market commentary notes oil trading near ~$64 with mixed drivers (weak dollar vs. supply flow changes) — supportive but delicate. Natural Gas and Oil Forecast
- Negative Sentiment: BP suspended buybacks, a signal that major oil companies face margin/price pressure — this can reduce capex and services spending or signal caution in the sector. BP suspends buybacks
- Negative Sentiment: Oil India reported lower quarterly profit as weaker realisations squeezed margins — a reminder that downward price pressure hits operators’ cash flow and could slow service demand. Oil India’s quarterly profit declines
- Negative Sentiment: Signs of rising supply flows — Venezuela boosting Orinoco output and some cargoes moving to different buyers/routes — add downside risk to prices if sustained. Venezuela boosts oil output
VanEck Oil Services ETF Stock Up 1.9%
The company has a market capitalization of $2.23 billion, a P/E ratio of 10.97 and a beta of 1.16. The business has a fifty day moving average price of $315.31 and a 200 day moving average price of $280.68.
Institutional Inflows and Outflows
About VanEck Oil Services ETF
The VanEck Oil Services ETF (OIH) is an exchange-traded fund that is based on the MVIS US Listed Oil Services 25 index, a market-cap-weighted index of 25 of the largest US-listed, publicly traded oil services companies. OIH was launched on Feb 7, 2001 and is managed by VanEck.
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