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

Posted by Brenda Bartman on May 20th, 2026

VanEck Oil Services ETF (NYSEARCA:OIH – Get Free Report) reached a new 52-week high on Monday . The stock traded as high as $452.82 and last traded at $452.82, with a volume of 84679 shares trading hands. The stock had previously closed at $440.52.

VanEck Oil Services ETF News Roundup

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

Positive Sentiment: Oil remains elevated overall, with some analysts still calling for Brent around $110 and WTI near $103, which supports spending on exploration and production services. Natural Gas and Oil Forecast: WTI Bounces to $103, Brent at $110 — Will NatGas Reach $3.20?
Positive Sentiment: Reuters reported Russia’s oil and gas revenue is expected to jump 39% year over year in May thanks to the oil-price rally, underscoring how geopolitical tensions have kept the broader energy complex supported. Russia’s oil and gas revenue seen up 39% y/y in May thanks to Iran war
Positive Sentiment: Some market commentary still points to tight inventories, a closed Strait of Hormuz, and the risk of renewed disruptions as reasons crude could stay firm and keep services demand supported. Oil Price Forecast: Crude Pullback May Be the Calm Before the Next Surge
Neutral Sentiment: Several reports note tankers are still moving through the Strait of Hormuz and that talks about an Iran deal could reduce the war premium, creating a mixed outlook for oil-linked equities. Tankers exit Hormuz as Trump, Vance talk up Iran deal prospects
Negative Sentiment: Oil prices eased after Trump said the U.S. would end the Iran war quickly, and traders also reported softer supply-disruption fears, which can weigh on oil-services names like OIH. Oil prices ease after Trump says US will end Iran war ‘very quickly’

VanEck Oil Services ETF Stock Performance

The company has a market cap of $2.53 billion, a P/E ratio of 10.97 and a beta of 0.89. The firm has a 50 day moving average price of $411.79 and a 200-day moving average price of $353.80.

Hedge Funds Weigh In On VanEck Oil Services ETF

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Altfest L J & Co. Inc. acquired a new stake in shares of VanEck Oil Services ETF in the fourth quarter valued at about $3,262,000. Fortis Capital Advisors LLC acquired a new position in shares of VanEck Oil Services ETF during the 4th quarter worth about $2,535,000. JPMorgan Chase & Co. boosted its stake in VanEck Oil Services ETF by 189.7% during the 3rd quarter. JPMorgan Chase & Co. now owns 141,542 shares of the company’s stock valued at $36,788,000 after purchasing an additional 92,676 shares during the period. Marks Wealth LLC acquired a new stake in VanEck Oil Services ETF in the 4th quarter valued at approximately $8,129,000. Finally, Belpointe Asset Management LLC acquired a new stake in VanEck Oil Services ETF in the 4th quarter valued at approximately $2,535,000. Institutional investors and hedge funds own 94.50% of the company’s stock.

VanEck Oil Services ETF Company Profile

(Get Free Report)

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.