Oil Service Stocks Under Pressure Amid Drop In Crude Oil Prices
WASHINGTON (dpa-AFX) - 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 percent.
The weakness in the oil service sector comes amid a drop in the price of crude oil, with crude for April delivery sliding $0.56 to $48.22 a barrel.
Copyright RTT News/dpa-AFX
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