OIH News and Press, VanEck Vectors Oil Services From 04/05/23

2023-04-05 00:18:19 ET Summary OPEC+ decided to cut oil production starting in May by 1.16 million barrels per day. This cut should last through the rest of the year and it seems to solve the disparity that existed between OPEC and the EIA. The move higher is warranted, and in...

2023-04-04 11:58:17 ET Summary OPEC shocked the markets on Sunday with its surprise announcement of 1.16 million barrels per day production cuts plus another 500,000 barrels from Russia. The motivation isn't fully clear but one explanation is that OPEC wants a more stable price en...

2023-04-03 15:55:48 ET Energy ( NYSEARCA: XLE ) is the overwhelming leader on Monday's S&P 500 sector leaderboard, +4.6% , with crude oil spiking after Saudi Arabia and other OPEC+ producers unveiled a surprise decision to cut production by a combined 1.16M bbl/day. ...

2023-04-03 09:06:00 ET Stock Traders Daily has produced this trading report using a proprietary method.  This methodology seeks to optimize the entry and exit levels to maximize results and limit risk, and it is also applied to Index options, ETFs, and futures for our subscribers. This...

2023-04-03 08:30:04 ET Energy stocks are rallying in European trading Monday following OPEC's surprise production cut announced over the weekend, with BP ( NYSE: BP ) +5.2% , TotalEnergies ( TTE ) +5.1% and Shell ( SHEL ) +4.9% in London. Oil and ga...

2023-04-02 20:30:00 ET Stock Traders Daily has produced this trading report using a proprietary method.  This methodology seeks to optimize the entry and exit levels to maximize results and limit risk, and it is also applied to Index options, ETFs, and futures for our subscribers. This...

2023-04-02 19:53:15 ET Crude oil prices jumped more than $5/bbl as trading opened, responding to Sunday's surprise oil production cut across several OPEC+ nations. U.S. WTI crude ( CL1:COM ) surged past $81/bbl at the open to its highest since late January, with the May cont...

2023-04-01 08:25:00 ET Summary Factors are the primary market drivers of asset-class returns. The year 2022 was a memorable one for investors, but for not altogether positive reasons. One bright spot, however, was the relative outperformance of equity risk factors versus other pop...

2023-04-01 03:58:00 ET Summary The energy markets look to have taken a bullish turn over the past couple of weeks. Until we see inventory levels move below their seasonal averages, the supply and demand dynamics are probably bearish to neutral at best for now, but, positive signs ...

2023-03-28 12:56:00 ET Summary In this article, I will attempt to present a broad guide for each major asset class - stocks, bonds, commodities and precious metals - and how investors should be looking to allocate to each over the next six to 12 months. Pension funds and instituti...