29.09.2016 20:47:35

Oil Service Stocks Holding On To Substantial Gains

(RTTNews) - Despite the pullback by the broader markets, oil service stocks continue to see significant strength in afternoon trading on Thursday.

The Philadelphia Oil Service Index is currently up by 2.5 percent after reaching its best intraday level in a month earlier in the session.

Transocean (RIG) is posting a standout gain after billionaire investor Carl Icahn cut his stake in the offshore drilling company but expressed confidence in CEO Jeremy Thigpen and his team.

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