01.09.2016 20:11:21

Oil Service Stocks Under Pressure Amid Drop In Oil Prices

(RTTNews) - Oil service stocks are seeing substantial weakness during trading on Thursday amid a steep drop by the price of crude oil. The Philadelphia Oil Service Index is down by 2.2 percent after hitting a nearly five-month intraday low.

The weakness among oil service stocks comes as the price of crude oil for October delivery has tumbled $1.33 to $43.37 a barrel.

Diamond Offshore (DO) is leading the oil service sector lower after the deepwater drilling contractor said a drilling contract with Petrobras was terminated prematurely.

Eintrag hinzufügen
Hinweis: Sie möchten dieses Wertpapier günstig handeln? Sparen Sie sich unnötige Gebühren! Bei finanzen.net Brokerage handeln Sie Ihre Wertpapiere für nur 5 Euro Orderprovision* pro Trade? Hier informieren!
Es ist ein Fehler aufgetreten!