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  • Oil Service Stocks Advancing As Oil Prices Shoot Higher

    Posted on August 2nd, 2010 Market Trends No comments

    Oil service stocks are seeing considerable strength in late-morning trading on Monday, benefiting from a notable increase by the price of crude oil.

    The strength in the oil service sector is reflected by the 3.7 percent gain currently being shown by the Philadelphia Oil Service Index. With the gain, the index has jumped to its best intraday level in two and a half months.

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