OIH News and Press, VanEck Vectors Oil Services From 07/18/23

2023-07-18 20:45:00 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...

2023-07-18 13:45:00 ET Summary While caution in some areas of the commodities space may be prudent, there are also reasons for optimism. Given the still-uncertain economic environment combined with the rise in equity valuations, we believe taking a more cautious stance is prudent ...

2023-07-17 23:50:07 ET Summary The bullish thesis for natural gas is intact even though prices are unlikely to revert to last year's levels. I show charts that compare large U.S. gas producers on a number of metrics including liquids yield, price realizations, hedges, and valuatio...

2023-07-17 20:29:00 ET Summary The UBS Constant Maturity Commodity Index (CMCI) underperformed the Bloomberg Commodity Index (BCOM) in Q2 2023 but continues to outperform year-to-date by over 3.5%. The declines in all commodity indexes during Q2 2023 was mostly due to the poor eco...

2023-07-12 15:16:14 ET Summary Energy shares traded aimlessly on low volume until indicators pointed to a tightening oil market late in the week. Friday saw dramatic outperformance in response to improving oil market fundamentals despite heightened macro concerns. The late-wee...

2023-07-12 10:26:29 ET Summary It's time to consider investing in offshore drilling service providers, to benefit from the unfolding upcycle, which is still in the early innings. Importantly, another newbuild cycle appears unlikely. Leading offshore drilling contractor Valaris may...

2023-07-10 05:30:00 ET Summary Financial and tech sectors face weak comparisons from late 2022, while the energy sector faces stronger comparisons and good growth from late 2022. The 'pandemic' influence will ripple through the S&P 500 numbers through the end of 2023. Fina...

2023-07-10 03:36:00 ET Summary After making a new 2023 high on Monday, the market spent the next three days backing and filling. For the week, it was down 1.2%. We are now in a Golden Cross configuration, with the 50-day above the 200-day. The best performer last week (and the...

2023-07-09 10:00:37 ET Summary The potential expansion of OPEC has made news recently. Politically, this may be desirable for OPEC, but none of the new members considered will make a big dent in total supply if these countries were to indeed join. The key thing to watch is if ...

2023-07-08 20:25:00 ET U.S. crude oil production is on track to set a record this year , up 9% Y/Y through April, helping to keep energy prices stable and blunt the efforts of Saudi Arabia and other oil exporters to drive them higher. The Energy Information Administration has foreca...