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Oil Service Stocks Moving Sharply Higher Amid Increase In Oil Prices

Oil service stocks have moved substantially higher during trading on Friday, extending a recent upward move. After closing higher in the three previous sessions, the Philadelphia Oil Service Index has surged up by 3.3 percent.

The strength among oil service stocks comes amid a notable increase by the price of crude oil, with crude for January delivery jumping $0.96 to $58.36 a barrel.

by RTTNews Staff Writer

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