Oil Service Stocks Under Pressure Amid Drop In Crude Oil Prices

WASHINGTON (Alliance News) - Oil service stocks have shown a notable move to the downside ...

Alliance News 20 March, 2017 | 6:39PM
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WASHINGTON (Alliance News) - Oil service stocks have shown a notable move to the downside during trading on Monday, dragging the Philadelphia Oil Service Index down by 1.2%.

The weakness in the oil service sector comes amid a drop in the price of crude oil, with crude for April delivery sliding USD0.56 to USD48.22 a barrel.

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