As Rig Count Dwindles, a Modest Bounce for Oil Services ETFs

Oil services exchange traded funds, which typically sport intimate correlations to oil prices, have been among the most savagely beaten equity-based ETFs during oil’s decline. Over the past month, the Market Vectors Oil Service ETF (NYSEArca: OIH) has steadied a bit, falling just 2.3%. “Just” 2.3%...