WASHINGTON (dpa-AFX) - Oil service stocks have moved sharply higher over the course of the trading day on Wednesday, driving the Philadelphia Oil Service Index up by 1.8 percent. The index has reached its best intraday level in well over a month.
The strength among oil service stocks comes amid a notable increase by the price of crude oil, with crude for October delivery climbing $0.93 to $50.41 a barrel.
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