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Oil Services Stocks Fuel Higher

|Includes:BHI, HAL, VanEck Vectors Oil Services ETF (OIH), RIG, SLB

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.

Nicholas Santiago
InTheMoneyStocks.com

Stocks: OIH, SLB, HAL, BHI, RIG