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Trading Strategy –  VanEck Vectors Oil Services ETF

  Oil prices edged higher on Wednesday, up 39 cents to $49.56, after a report showed inventories fell by 6.5 million barrels last week, government data showed, steeper than the expected decrease of 2.7 million barrels. The drop in inventories raised hopes that OPEC-led output cuts were helping wipe out a three-year global supply glut. …[read more]

Trading Ideas That Paid - NOG

Monday, Crude oil prices extended recent climb to a two-year high of $92.84 per barrel before settled with a 3.2% gain at $92.19 per barrel. In turn, the Oil Service HOLDRs (OIH) advanced 2.3% to 153.91 – a new 52-week high. Shares of Northern Oil and Gas Inc (NOG) outperformed, jumped more than 5% on …[read more]

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