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OIH tracks a market-cap-weighted index of 25 of the largest US-listed, publicly traded oil services companies.

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Oil futures drfit lower Thursday, ahead of a meeting of major producers that appeared to be headed toward an agreement that would allow production to rise modestly beginning early next month in a gradual relaxation of existing production curbs.

Futures Movers: Oil prices edge lower as OPEC+ decision looms on fate of production cuts

OPEC and its partners are widely expected to extend oil production cuts of 7.7 million barrels per day through to at least March 2021.

Deadlocked on oil production cuts, OPEC and its allies to resume talks

Big money is sensing a new day in the global oil markets.

Oil sees quiet bull market as hedge funds pile in

Oil prices fell on Thursday as producers including Saudi Arabia and Russia locked horns over the need to extend record production cuts set in place in the first wave of the COVID-19 pandemic.

Oil drops as OPEC+ resume talks on output cut extension after impasse

Oil futures finished higher Wednesday as reports suggested that the Organization of the Petroleum Exporting Countries and their allies will announce an agreement to extend current production cuts into the new year. "High level leaks from OPEC+ talks seem to suggest that the three-month extension [for output cuts] that was in doubt is back on," said Phil Flynn, senior market analyst at The Price Futures Group.

Oil futures settle higher with OPEC+ expected to reach a deal to extend current output cuts

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Back-to-back upbeat vaccine update, stimulus hopes and a divided government have boosted Wall Street in November.

5 ETF Areas of November That Are Up At Least 25%

Oil futures trade modestly lower Wednesday as traders await a decision by the OPEC+ alliance on whether to delay the relaxation of output curbs.

Futures Movers: Oil prices drift lower as traders await OPEC+ decision on production curbs

Oil prices extended losses on Wednesday, hit by a surprise build in oil inventories in the United States and as OPEC and its allies left markets in limbo by delaying a formal meeting to decide whether to increase output in January.

Oil prices drop on U.S. stock build, delay in OPEC+ meeting

The American Petroleum Institute reported late Tuesday that U.S. crude supplies rose by 4.15 million barrels for the week ended Nov. 27, according to sources. The data also reportedly showed gasoline stockpiles up by 3.4 million barrels, while distillate inventories climbed by 334,000 barrels.

API reports a more than 4 million-barrel weekly climb in U.S. crude supplies, sources say

Oil futures fell on Tuesday, with U.S. prices settling at their lowest in just over a week as the Organization of the Petroleum Exporting Countries and their allies postponed a decision on output cuts to Thursday. Oil prices could continue to slide each day that progress is "not reached in finding a compromise to delaying the January supply hike," said Edward Moya, senior market analyst at Oanda.

Oil futures fall to lowest finish in over a week

Former Shell Oil President John Hofmeister discussed how a coronavirus vaccine could impact oil demand.

How a coronavirus vaccine will impact oil demand

Oil prices slipped early on Tuesday, after a crucial OPEC meeting over production quotas was reportedly postponed as the group struggled to reach a consensus.

Oil Prices Slip as OPEC Delays Output Meeting

Oil futures edge lower Tuesday as the Organization of the Petroleum Exporting Countries and its allies, a group known as OPEC+, delayed a decision on whether to extend existing output curbs until later this week.

Futures Movers: Oil edges lower as OPEC+ delays meeting in bid to build consensus on output cuts

In addition to curtailing about 20% of U. S. oil production that comes from federal leases, such a move would cause capital flight away from oil projects in the U.

Delay Of OPEC+ Meeting Is A Nervous Moment For U.S. Shale Business

Oil prices slipped on Tuesday amid concerns over mounting supply after leading producers delayed talks on 2021 output policy that could extend production cuts as the coronavirus pandemic continues to sap fuel demand.

Oil falls as OPEC+ talks delays raise supply concerns

Oil prices extended their decline into the electronic trading session Monday, following reports that the Organization of the Petroleum Exporting Countries and its allies will postpone their meeting to Thursday. Herman Wang, chief OPEC correspondent for S&P Global Platts, tweeted Monday, that the OPEC and non-OPEC meeting will be held on Thursday because "OPEC needs more time to get its house in order.

Oil prices extend decline in electronic trade; OPEC+ meeting will reportedly be postponed to later this week

Oil futures declined on Monday as the market awaited a final decision from Organization of the Petroleum Exporting Countries and their allies on Tuesday regarding a potential extension of crude production curbs into the new year. The OPEC Conference held on Monday concluded without an official decision, though some reports say oil producers reached a general agreement to extend current output cuts by three months starting in January.

Oil futures fall for the session, but U.S. prices gain nearly 27% for the month

Traders know that when there is a disagreement among the Organization of Petroleum Exporting Countries, OPEC members, or the OPEC+ members, which include Russia, this has a massive influence on oil prices.

Oil Prices: Brent And Crude Could Move Massively In The Coming Days

The OPEC nations, led by Saudi Arabia, must reach agreement among its members and those in the group known as OPEC Plus led by Russia.

OPEC expected to cut oil production as COVID-19 reduces demand

The group of major oil producers is continuing high-stakes negotiations over an extension to its production cut agreement.

OPEC warns of ‘immense challenges' as talks on oil production cuts continue

Oil futures fall Monday, under pressure as the Organization of the Petroleum Exporting Countries and its allies prepare to debate whether to delay an easing of output curbs due to take place in January.

Futures Movers: Oil prices fall as OPEC+ prepares to debate extending output cuts

Oil prices will struggle to gain upward traction next year as demand remains in the grip of the coronavirus pandemic despite growing optimism over vaccines and a likely extension of output cuts by top producers, a Reuters poll showed on Monday.

Oil prices face uphill struggle in 2021 despite vaccine progress: Reuters poll

Oil prices fell about 1% on Monday amid investor jitters ahead of an OPEC+ meeting to decide whether the producers' group will extend large output cuts to balance global markets.

Oil prices slip in cautious trading ahead of OPEC+ meeting

A planned 2 million bpd January production ramp-up looks set to be delayed, according to market consensus.

OPEC alliance considers delay to its output hike, but faces a U.S. shale industry 'itching to drill again'

By letting market reactions dictate its oil policy, OPEC is ceding its power to set market trends to the sentiments of traders.

News for VanEck Vectors Oil Services ETF ETF (OIH)