OIH / Crude Oil Price Forecast – Crude Oil Reaches the 50-Day EMA

Oil prices edged higher in early trade on Thursday as the conflict in the Middle East kept investors on edge about whether it could disrupt oil suppli more_horizontal

For the 90 days ending October. 20, the S&P 500 Energy Index jumped 6.1%, while the broader S&P 500 slumped nearly 7%. more_horizontal

Surging oil prices and speculation that Brent crude will soon hit $100 per barrel are legitimate reasons for investors to consider energy equities and more_horizontal

The VanEck Oil Services ETF (OIH) was launched on 12/20/2011, and is a passively managed exchange traded fund designed to offer broad exposure to the more_horizontal

For investors seeking momentum, Vaneck Oil Services ETF OIH is probably on radar. The fund just hit a 52-week high and is up 83.33% from its 52-week l more_horizontal

Oil rallied to the highest level this year, with U.S. crude touching $85 per barrel and Brent climbing to $87.88 per barrel. The gains were driven by more_horizontal

Oil services companies support and enhance the extraction and processing of hydrocarbons, with higher oil prices driving more business. The VanEck Oil more_horizontal

Carter Worth, Worth Charting, joins 'Fast Money' to talk the rise in crude oil prices and where he anticipates they will go from here. more_horizontal