VanEck Oil Services ETF
NYSE ARCA: OIH
$301.90
+$0.00 (+0.0%)
Closing Price on October 7, 2024
OIH Articles
The U.S. Department of Energy has released its weekly oil inventory data showing a build up in crude inventories as expected. The rise came to +2.128 million barrels of crude oil to 381.64 million...
Published:
Last Updated:
It was just a couple of days ago that oil was trading around $105 per barrel for West Texas Intermediate crude. Now the talk has migrated away from geopolitical risks associated with Iran. ...
Published:
Last Updated:
The oilfield services companies are on a roll. Well, sort of. Expectations had been lowered so much coming into this earnings season that every one is able to clear the lowered bar. Baker Hughes Inc....
Published:
Schlumberger Limited (NYSE: SLB) has managed to beat earnings and probably put some fears to rest in the oil services businesses. Many key companies in this sector have seen their shares battered...
Published:
Last Updated:
Oil demand is being revised lower in a new forecast by the Energy Information Administration. The reality is that the demand erosion is modest at a mere 70,000 barrels per day in the United...
Published:
Last Updated:
The Department of Energy is out with its weekly oil data and the data is showing a larger draw-down that what API had signaled yesterday. Crude oil inventories fell by 4.729 million barrels to...
Published:
Last Updated:
As an industry, the oil field services sector is doing very well. Its P/E ratio for the trailing twelve months is 36 and its price/book ratio is 6.0. With a few exceptions, including Weatherford...
Published:
After posting a three-month low last month, WTI crude oil prices have been making a comeback as the agreement on Greek debt appears to be set, which has put some strength back in the euro and...
Published:
Oil field services firm Halliburton Co. (NYSE: HAL) reported EPS of $0.61 for its first quarter, more than double its profit in the same period a year ago. Revenue reached $5.3 billion, compared with...
Published:
Last Updated:
The Department of Energy is out with its weekly inventories data. There appears to be some seasonality and weather issues, and it will be interesting to see these figures next week when you...
Published:
Last Updated:
Baker Hughes Incorporated (NYSE: BHI) has just released its weekly rig count, and the rig count is back up. In the rig count data for services business there is the Oil Services HOLDRs (NYSE: OIH)...
Published:
Last Updated:
With crude oil prices hovering around $90/barrel, exploration and production companies are expected to increase their spending in 2011 by about 11%, for a total of about $490 billion. Oil field...
Published:
Last Updated:
The Department of Energy issued yet another large drop in crude oil inventories in the U.S. for the latest week. We are watching the key ETFs of Oil Services HOLDRs (NYSE: OIH) and the United...
Published:
Last Updated:
The Department of Energy has just released what may seem like a shocking drop in its weekly report on oil inventories. This morning’s data has a potential impact on the key ETFs of Oil Services...
Published:
Last Updated:
Goldman Sachs periodically updates its outlook on sectors and the economy with a one to two-year horizon. Yesterday’s upgrade of economic output in 2011 is accompanied by some interesting aspects...
Published:
Last Updated: