OIH ETF

The incoming Donald Trump administration's energy policy shift to increased drilling and fracking could boost earnings and share prices for leading U.S. oil services companies. The VanEck Oil Services ETF invests heavily in top oil services firms like Schlumberger, Baker Hughes, and Halliburton, with improved ETF grades recently. Despite a bearish trend since September 2023, the OIH ETF has shown a bullish trend since the March 2020 low, consolidating around $300 per share.

Designed to provide broad exposure to the Energy - Equipment and services segment of the equity market, the VanEck Oil Services ETF (OIH) is a passively managed exchange traded fund launched on 12/20/2011.

Crude oil prices have declined due to OPEC+ production increases and seasonal demand drops, impacting oil services stocks like Schlumberger, Baker Hughes, and Haliburton. The U.S. election will significantly influence energy policy and oil prices, with potential volatility and opportunities in oil services ETFs like VanEck Oil Services ETF. The OIH ETF's recent decline could present a buying opportunity, especially if oil prices stabilize or rise due to geopolitical tensions or policy shifts.

Looking for broad exposure to the Energy - Equipment and services segment of the equity market? You should consider the VanEck Oil Services ETF (OIH), a passively managed exchange traded fund launched on 12/20/2011.

Oil prices edged higher on Thursday as crude stocks fell after U.S. refineries ramped up processing and as gasoline inventories eased, signalling stronger demand.

Oil prices are rising during the summer driving season, but Energy-sector stocks are lagging, with XLE and OIH poised for negative returns in Q2. The OIH ETF is underperforming the SPX & Crude Oil ETF, losing assets, and showing less impressive technical patterns within an emerging trading range. OIH has a concentrated allocation in its top 10 positions and historically weak July-September seasonals.

The VanEck Oil Services ETF is closely tracking crude oil prices, and a potential breakout above resistance levels could spark momentum for the ETF. The decrease in the U.S. Strategic Petroleum Reserve is supporting higher crude oil prices by restricting the government's ability to address price increases. The outcome of the upcoming U.S. presidential election is expected to shape U.S. energy policy and the position of crude oil in the energy market.

Launched on 12/20/2011, the VanEck Oil Services ETF (OIH) is a passively managed exchange traded fund designed to provide a broad exposure to the Energy - Equipment and services segment of the equity market.

Oil prices spiked last week, gaining 3% to near four-month high, buoyed by rising demand forecasts by the International Energy Agency, geopolitical tensions and domestic market dynamics.