Update On OIH As The Bullish Trend Continues
The VanEck Oil Services ETF (OIH) saw a strong rally in 2025, climbing 62.9% from its April low. A Seeking Alpha article in October that year rated it a 'Buy', citing rising demand for oil and gas services. By late December, the fund’s momentum had improved, with analysts eyeing further gains ahead.
OIH began the year at a low of $191.21 per share in early April. By late 2025, it had surged to $311.49, outperforming crude oil, which rose just 4.5% over the same period. The fund’s price continued climbing, moving from $247.22 on October 14 to over $310 by December.
Several factors drove the growth of oil services shares and OIH. U.S. energy policy shifts, cooperation between the U.S. and Saudi Arabia, and potential trade agreements with China all played a role. Stronger-than-expected earnings from leading companies in the sector also boosted confidence. The ETF’s top holdings included SLB Limited, Baker Hughes, and Halliburton, making up 37.61% of its exposure. Technical analysis placed support at $191.21, with resistance at $364.08 per share. Analysts suggested the fund could eventually reach that upper level in 2025. By mid-December, Seeking Alpha’s ETF grades showed steady performance for OIH, with momentum improving to a B- rating.
OIH’s rally in 2025 reflected broader optimism in the oil services sector. The fund’s gains far exceeded those of crude oil, supported by geopolitical developments and strong corporate earnings. With technical resistance at $364.08, analysts continued to watch for further upward movement.
