Plus   Neg

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.

For comments and feedback contact: editorial@rttnews.com

Market Analysis

Mkt/Sector Trends

0 Articles
Follow RTT