VanEck Oil Services ETF (NYSEARCA:OIH) Hits New 1-Year High – Here’s Why

VanEck Oil Services ETF (NYSEARCA:OIH) reached a new 52-week high during trading on Tuesday . The company traded as high as $408.00 and last traded at $407.48, with a volume of 104206 shares. The stock had previously closed at $398.85.

More VanEck Oil Services ETF News

Here are the key news stories impacting VanEck Oil Services ETF this week:

• Positive Sentiment: Brent crude reclaimed the $100+ level as fighting in the Middle East continues, keeping supply-risk premiums elevated and supporting dayrates, drilling activity and service demand. Oil rises with Brent crossing $100 a barrel again as Middle East tensions keep traders on edge
• Positive Sentiment: Markets are pricing renewed supply risk after Iran denied talks with the U.S., sending oil higher as traders reassess disruptions through the Strait of Hormuz — a bullish signal for oil services providers. Oil rises as markets assess supply risks after Iran denies US talks
• Positive Sentiment: Goldman raised its oil-price outlook on the prospect of longer Hormuz disruption, implying sustained higher crude that would support upstream spending and services demand. Goldman Lifts Oil Price Forecast on Longer Hormuz Disruption
• Positive Sentiment: Industry leaders at CERAWeek warned of long-term damage from the Iran war, reinforcing concerns over persistent supply constraints and supporting the sector’s risk premium. CERAWeek: Oil execs warn long-term damage from Iran war
• Neutral Sentiment: U.S. Energy Secretary said further releases from the Strategic Petroleum Reserve are “highly unlikely,” which reduces one downside pressure on prices but leaves markets sensitive to newsflow. US energy chief tells CNBC further SPR oil release is unlikely
• Neutral Sentiment: Oil futures have been volatile (sharp sell-offs then recoveries) as geopolitics and talk of diplomacy swing risk premia; volatility can raise dayrates but also increase short-term equity risk. Stock Market Today: Dow Futures Inch Up, Brent Crude Rises Above $100
• Negative Sentiment: Japan said it will start releasing oil from joint stockpiles by end‑March, and the IEA is consulting governments on possible further releases — both actions could cap price gains and reduce upside for services spending. Japan to start releasing oil from joint stockpiles by end-March IEA consulting with governments on further oil stock releases
• Negative Sentiment: India’s Reliance bought 5 million barrels of Iranian crude after a U.S. waiver — an increase in available crude supply that could ease tightness and moderate prices if replicated. Reliance buys 5 million barrels of Iranian oil
• Negative Sentiment: Heavy foreign outflows from Asian stocks on oil-shock fears highlight broader equity risk that can pressure energy and services ETFs despite higher commodity prices. Foreign outflows hit Asian stocks as Iran war drives oil shock fears

VanEck Oil Services ETF Price Performance

The stock’s 50-day simple moving average is $368.19 and its two-hundred day simple moving average is $310.09. The firm has a market capitalization of $2.43 billion, a P/E ratio of 10.97 and a beta of 1.16.

Institutional Inflows and Outflows

Hedge funds have recently bought and sold shares of the company. NewEdge Advisors LLC raised its holdings in VanEck Oil Services ETF by 30.5% during the first quarter. NewEdge Advisors LLC now owns 2,629 shares of the company’s stock valued at $689,000 after acquiring an additional 614 shares during the period. Envestnet Asset Management Inc. boosted its stake in shares of VanEck Oil Services ETF by 30.6% in the second quarter. Envestnet Asset Management Inc. now owns 2,433 shares of the company’s stock worth $560,000 after acquiring an additional 570 shares during the period. Creative Planning boosted its stake in shares of VanEck Oil Services ETF by 42.9% in the second quarter. Creative Planning now owns 1,150 shares of the company’s stock worth $265,000 after acquiring an additional 345 shares during the period. JPMorgan Chase & Co. grew its position in shares of VanEck Oil Services ETF by 45.3% during the second quarter. JPMorgan Chase & Co. now owns 48,866 shares of the company’s stock worth $11,253,000 after purchasing an additional 15,230 shares in the last quarter. Finally, Global Retirement Partners LLC purchased a new stake in shares of VanEck Oil Services ETF during the second quarter worth about $272,000. Institutional investors own 94.50% of the company’s stock.

About VanEck Oil Services ETF

The VanEck Oil Services ETF (OIH) is an exchange-traded fund that is based on the MVIS US Listed Oil Services 25 index, a market-cap-weighted index of 25 of the largest US-listed, publicly traded oil services companies. OIH was launched on Feb 7, 2001 and is managed by VanEck.