OIH / Oil Price Fundamental Daily Forecast – Higher as Traders Shrug Off API Build Ahead of EIA Data

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