VanEck Oil Services ETF (OIH) News Today

Shares of VanEck Oil Services ETF (OIH) rose today as crude benchmarks reacted to a mix of technical breakouts, seasonal demand shifts and supply concerns. Below are recent developments driving the oil complex and, by extension, oil-services stocks.

• Positive Sentiment: Crude oil edged higher in early Friday trading, suggesting resilience around current support levels. Crude Oil Price Forecast – Crude Slightly Positive in Early Friday Session
• Positive Sentiment: Crude oil extended a bullish reversal, breaking above key resistance levels and drawing buyers back into the market. Crude Oil Price Forecast: Extends Bullish Reversal, Buyers Push Toward Key Resistance
• Positive Sentiment: Geopolitical risk premium lifted oil markets higher, as traders anticipate further comments on U.S.-Russia negotiations. Natural Gas, WTI Oil, Brent Oil Forecasts – Oil Moves Higher Amid Rising Geopolitical Risk Premium
• Neutral Sentiment: Oil prices held between their 50- and 200-day moving averages as markets weigh OPEC+ supply dynamics and fading U.S. demand ahead of the next OPEC meeting. Oil News: 50/200-Day Moving Averages Guide Oil Outlook Ahead of OPEC Meeting
• Neutral Sentiment: Traders balanced IEA surplus forecasts against geopolitical uncertainties, leaving natural gas and crude ranges subdued. Natural Gas and Oil Forecast: IEA Surplus Outlook vs. Geopolitical Risks
• Neutral Sentiment: Despite end-of-season demand worries pulling prices lower Friday, crude is on track for a weekly gain amid Russian supply uncertainty. Oil prices fall on demand concerns, but headed for weekly gain
• Neutral Sentiment: Brent crude's technical compression suggests upcoming moves toward $68.37 or $65.55, while WTI consolidates near $62.55-$65.12. Natural Gas and Oil Forecast: Price Compression in Brent Points to $68.37 or $65.55 Move
• Negative Sentiment: Oil pulled back as traders eyed the end of the summer driving season, signaling weaker near-term demand. Natural Gas, WTI Oil, Brent Oil Forecasts – Oil Pulls Back Amid Demand Concerns
• Negative Sentiment: Crude markets remained choppy and struggled to break higher as oversupply persists, capping upside potential. Crude Oil Weekly Price Forecast – Crude Oil Continues to Struggle at the Same Area of Price
• Negative Sentiment: Mexico’s Pemex output targets face skepticism, underlining broader challenges in adding global supply. Mexico Has Oil. Why It Isn't an Energy Powerhouse.
• Negative Sentiment: Crude’s range-bound trading and severe oversupply suggest limited upside for oil prices. Crude Oil Price Outlook – Crude Oil Continues to Bounce Around
• Negative Sentiment: Post-Labor Day demand slump and resumed Russian flows signal bearish pressure on oil futures. Oil News: Summer Demand Fades, Russian Crude Returns—Bearish Signal for Oil Futures
• Negative Sentiment: Citi warns of a softening trend into year-end as oversupply intensifies despite quarter support. Oil prices should soften into year end as oversupply begins to exert impact, says Citi
• Negative Sentiment: Saudi Arabia considers cutting October Asian crude prices amid ample supply and subdued demand. Saudi Arabia may cut October oil prices to Asia from five-month highs
• Negative Sentiment: U.S. sanctions on a key Chinese oil storage terminal have spiked volatility in China’s crude futures markets. Volatility surges on China oil futures after US sanctions Yangshan port