VanEck Oil Services ETF

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$235.81

0.79 (0.34%)
Live
Previous Close

$235.81

Day Range

$233.41 - $236.38

Previous Day Range

$231.825 - $240.6275

Market Cap

$ USD

Day Vol.

342857

Previous Day Vol.

679168

Currency

USD

Primary Exchange

NYSE Arca, Inc.

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Recent News

Goldman Sachs lowered its oil price forecast due to OPEC+ increasing production, which triggered a selloff in energy stocks. The bank warned that Brent crude could fall to $40 by 2026 if supply keeps rising and a recession hits.

Related tickers: APA, BKR, CVX, OKE, OXY, OXY.WS, OIH, XLE, XOM.

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Baker Hughes, a Texas-based oil and gas services provider, reported Q1 FY25 revenue that missed estimates, with growth in the Industrial & Energy Technology (IET) segment offset by a decline in the Oilfield Services & Equipment (OFSE) business. The company expects tariffs to have a potential impact of $100-$200 million on its 2025 EBITDA, leading to a tempered outlook.

Related tickers: BKR, IEZ, OIH.

Read Full Article
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