Looking Outside of Oil? Consider the Oil Services Industry
June 23, 2021 at 13:35 PM EDT
Reminding investors that oil services equities are among the names most correlated to crude prices, the VanEck Vectors Oil Services ETF (NYSEArca: OIH) is higher by nearly 49% year-to-date. With oil demand rebounding and Bank of America forecasting that crude could reach $100 per barrel next year,...
