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OIH

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1d
1w
1m

Analysis and statistics

  • Open
    4618.612$
  • Previous Close
    4618.612$
  • 52 Week Change
    --
  • Day Range
    0.00$
  • 52 Week High/Low
    --
  • Dividend Per Share
    --
  • Market cap
    --$
  • EPS
    --
  • Beta
    --
  • Volume
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About

OIH.MX refers to the iShares U.S. Oil Equipment & Services ETF, traded on the Mexican Stock Exchange (Bolsa Mexicana de Valores). This Exchange Traded Fund (ETF) aims to track the investment results of an index composed of U.S. equities in the oil equipment and services sector. It provides investors exposure to companies that manufacture, distribute, or service equipment used in the oil and gas industry, encompassing drilling, exploration, and production activities. Investing in OIH.MX allows Mexican investors to gain access to this specific segment of the U.S. market without directly purchasing individual stocks.
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Factors

Oil Prices: OIH.MX, tracking oil service companies, is heavily influenced by crude oil prices. Rising oil boosts exploration, driving up demand for these services and thus OIH.MX.

Energy Sector Performance: The overall health and sentiment surrounding the energy sector significantly impacts OIH.MX. Positive outlooks lead to higher valuations.

Interest Rates: Interest rate changes can affect borrowing costs for oil service companies. Higher rates may reduce investment, impacting OIH.MX negatively.

Geopolitical Events: Global events affecting oil supply and demand, such as political instability or conflicts, can create volatility in oil prices and, consequently, OIH.MX.

Company Earnings: The financial performance of companies within the OIH.MX, such as Schlumberger or Halliburton, can directly impact the ETF's price.

Inflation: Inflation erodes the value of future earnings. Higher inflation can lead to increased costs for oil service companies, potentially impacting OIH.MX negatively.

Technological Advancements: New technologies that improve efficiency or lower costs in oil exploration and production can affect the demand for traditional oil services, thus influencing OIH.MX.

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