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Oil Services Stocks Fuel Higher

Posted, by inthemoneystocks on January 27th, 2012

This morning, the Market Vectors Oil Services ETF (NYSEARCA:OIH) is trading higher by $2.17 to $126.16 a share. It seems that there was favorable court ruling for Transocean Ltd (NYSE:RIG) regarding the Deepwater Horizon oil spill. RIG stock is trading higher by $1.53 to $48.76 a share. Leading oil services stocks such as Halliburton Co (NYSE:HAL), Baker Hughes Inc (NYSE:BHI), and Sclumberger Ltd (NYSE:SLB) are all trading higher this morning. It is important to note that all of these stocks are trading near short term resistance levels on the daily charts.

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Authored by, inthemoneystocks
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Tickers:
BHI | HAL | OIH | RIG | SLB
Tags:
, OIH, HAL, RIG, BHI, SLB
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